Trustees Of Colt Bequest Inc

Hartford, CT
Tax-exempt since Nov. 1934
EIN: 06-6026009

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Religion-Related, Spiritual Development / Single Organization Support (NTEE)

Donations to this organization are tax deductible.

Revenue

$3.1M (2024)

Expenses

$2.09M (2024)

Total Assets

$78.7M (2024)

Total Liabilities

$222k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Sept.
2024

Revenue

$3,104,019

Expenses

$2,092,079

Net Income

$1,011,940

Net Assets

$78,524,918

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$1,821,766	58.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,282,253	41.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$139,887	6.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$252,571	12.1%

Assets/Debt
Total Assets	$78,747,051
Total Liabilities	$222,133
Net Assets	$78,524,918

Compensation

Key Employees and Officers	Compensation	Related	Other
Rt Rev Laura Ahrens (Trustee)	$189,809	$0	$50,488
Ms Melinda Schoen (Exec Director)	$160,234	$0	$4,562
Ms Lori Donadio (Trustee)	$0	$0	$0
Ms Linda Rickard (Vice President/Trustee)	$0	$0	$0
Ms Claire Burnett (President/Trustee)	$0	$0	$0
Mr Gerald Hess (Treasurer/Trustee)	$0	$0	$0
Mr Greg Miller (Trustee)	$0	$0	$0
Mr David Mccary (Trustee)	$0	$0	$0
Ms Judith Keppelman (Secretary/Trustee)	$0	$0	$0
Ms Caitlin J Arnold (Trustee)	$0	$0	$0
Mr Kenton Mccoy (Trustee)	$0	$0	$0
Mr James Russell (Trustee)	$0	$0	$0
Gillian Howell (Trustee)	$0	$0	$0
Jennifer Murphy (Trustee)	$0	$0	$0

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990

Filed on Aug. 14, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Sept.
2023

Revenue

$2,295,177

Expenses

$2,379,909

Net Income

-$84,732

Net Assets

$66,361,849

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$1,433,746	62.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$861,431	37.5%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$190,618	8.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$263,825	11.1%

Assets/Debt
Total Assets	$66,419,243
Total Liabilities	$57,394
Net Assets	$66,361,849

Compensation

Key Employees and Officers	Compensation	Related	Other
Ms Melinda Schoen (Exec Director)	$193,322	$0	$39,157
Rt Rev Laura Ahrens (Trustee)	$186,421	$0	$46,612
Ms Lori Donadio (Trustee)	$0	$0	$0
Ms Linda Rickard (Vice President/Trustee)	$0	$0	$0
Ms Claire Burnett (President/Trustee)	$0	$0	$0
Mr Gerald Hess (Treasurer/Trustee)	$0	$0	$0
Mr Greg Miller (Trustee)	$0	$0	$0
Mr David Mccary (Trustee)	$0	$0	$0
Judith Keppelman (Secretary/Trustee)	$0	$0	$0
Caitlin J Arnold (Trustee)	$0	$0	$0
Kenton Mccoy (Trustee)	$0	$0	$0
James Russell (Trustee)	$0	$0	$0

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990

Filed on June 17, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Sept.
2022

Revenue

$6,606,843

Expenses

$2,232,669

Net Income

$4,374,174

Net Assets

$60,627,017

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$988,500	15.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$5,618,343	85.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$194,184	8.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$252,289	11.3%

Assets/Debt
Total Assets	$60,664,870
Total Liabilities	$37,853
Net Assets	$60,627,017

Compensation

Key Employees and Officers	Compensation	Related	Other
Ms Melinda Schoen (Exec Director)	$186,390	$0	$35,792
Ms Lori Donadio (Trustee)	$0	$0	$0
Rt Rev Laura Ahrens (Trustee)	$0	$187,602	$43,341
Ms Linda Rickard (Vice President/Trustee)	$0	$0	$0
Ms Claire Burnett (President/Trustee)	$0	$0	$0
Mr Gerald Hess (Treasurer/Trustee)	$0	$0	$0
Mr Greg Miller (Trustee)	$0	$0	$0
Mr David Mccary (Trustee)	$0	$0	$0
Judith Keppelman (Secretary/Trustee)	$0	$0	$0
Caitlin J Arnold (Trustee)	$0	$0	$0
Kenton Mccoy (Trustee)	$0	$0	$0

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990

Filed on June 15, 2023

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Fiscal Year Ending Sept.
2021

Revenue

$7,649,069

Expenses

$1,893,024

Net Income

$5,756,045

Net Assets

$73,982,640

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$953,527	12.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$6,695,542	87.5%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$179,206	9.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$244,940	12.9%

Assets/Debt
Total Assets	$74,046,070
Total Liabilities	$63,430
Net Assets	$73,982,640

Compensation

Key Employees and Officers	Compensation	Related	Other
Ms Melinda Schoen (Exec Director)	$178,883	$0	$34,824
Ms Lori Donadio (Trustee)	$0	$0	$0
Ms Gillian R Howell (President/Trustee)	$0	$0	$0
Rt Rev Laura Ahrens (Trustee)	$0	$169,286	$43,242
Mr David Neal (Vice President/Trustee)	$0	$0	$0
Ms Linda Rickard (Trustee)	$0	$0	$0
Ms Claire Burnett (Secretary/Trustee)	$0	$0	$0
Mr Gerald Hess (Treasurer/Trustee)	$0	$0	$0
Mr Greg Miller (Trustee)	$0	$0	$0
Ms Susan R Huntington (Trustee)	$0	$0	$0
Mr David Mccary (Trustee)	$0	$0	$0
Mr Chris Zeppieri (Trustee)	$0	$0	$0
Mr Mark Korber (Trustee)	$0	$0	$0

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990

Filed on July 8, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Sept.
2020

Revenue

$3,961,491

Expenses

$2,279,034

Net Income

$1,682,457

Net Assets

$63,740,045

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$1,318,597	33.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$2,520,371	63.6%
Net Inventory Sales	$0
Other Revenue	$122,523	3.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$186,291	8.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$223,280	9.8%

Assets/Debt
Total Assets	$63,853,393
Total Liabilities	$113,348
Net Assets	$63,740,045

Compensation

Key Employees and Officers	Compensation	Related	Other
Ms Melinda Schoen (Exec Director)	$176,076	$0	$31,675
Ms Lori Donadio (Trustee)	$0	$0	$0
Ms Gillian R Howell (President/Trustee)	$0	$0	$0
Mrs Marnie Mueller (Trustee)	$0	$0	$0
Ms Karen Kelleher (Trustee)	$0	$0	$0
Rt Rev Laura Ahrens (Trustee)	$0	$155,539	$40,383
Ms Felicia Dedominicis Esq (Secretary/Trustee)	$0	$0	$0
Mr David Neal (Vice President/Trustee)	$0	$0	$0
Mr Jared I Edwards (Trustee)	$0	$0	$0
Ms Linda Rickard (Trustee)	$0	$0	$0
Ms Claire Burnett (Trustee)	$0	$0	$0
Mr Gerald Hess (Treasurer/Trustee)	$0	$0	$0
Mr Greg Miller (Trustee)	$0	$0	$0
Ms Susan R Huntington (Trustee)	$0	$0	$0
Mr David Mccary (Trustee)	$0	$0	$0
Mr Chris Zeppieri (Trustee)	$0	$0	$0

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990

Filed on March 24, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Sept.
2019

Revenue

$2,864,984

Expenses

$2,099,149

Net Income

$765,835

Net Assets

$61,307,837

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$1,201,085	41.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,537,600	53.7%
Net Inventory Sales	$0
Other Revenue	$126,299	4.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$166,113	7.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$227,940	10.9%

Assets/Debt
Total Assets	$61,448,572
Total Liabilities	$140,735
Net Assets	$61,307,837

Compensation

Key Employees and Officers	Compensation	Related	Other
Ms Melinda Schoen (Exec Director)	$163,925	$0	$45,985
Ms Patricia Wrice (Trustee)	$0	$0	$0
Ms Gillian R Howell (President/Trustee)	$0	$0	$0
Mrs Marnie Mueller (Trustee)	$0	$0	$0
Ms Karen Kelleher (Trustee)	$0	$0	$0
Rt Rev Laura Ahrens (Trustee)	$0	$151,332	$39,329
Ms Felicia Dedominicis Esq (Secretary/Trustee)	$0	$0	$0
Ms Nancy Thompson (Trustee)	$0	$0	$0
Mr David Neal (Vice President/Trustee)	$0	$0	$0
Mr Jared I Edwards (Trustee)	$0	$0	$0
Ms Linda Rickard (Trustee)	$0	$0	$0
Ms Claire Burnett (Trustee)	$0	$0	$0
Mr Gerald Hess (Treasurer/Trustee)	$0	$0	$0
Mr Greg Miller (Trustee)	$0	$0	$0
Ms Susan R Huntington (Trustee)	$0	$0	$0
Mr Hugh Whelan (Trustee)	$0	$0	$0

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990

Filed on March 30, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Sept.
2018

Revenue

$3,353,532

Expenses

$1,669,195

Net Income

$1,684,337

Net Assets

$59,287,146

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$1,123,297	33.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$2,098,413	62.6%
Net Inventory Sales	$0
Other Revenue	$131,822	3.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$160,236	9.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$212,562	12.7%

Assets/Debt
Total Assets	$59,330,925
Total Liabilities	$43,779
Net Assets	$59,287,146

Compensation

Key Employees and Officers	Compensation	Related	Other
Ms Melinda Schoen (Exec Director)	$155,314	$0	$46,132
Ms Patricia Wrice (Trustee)	$0	$0	$0
Ms Gillian R Howell (President/Trustee)	$0	$0	$0
Mrs Marnie Mueller (First V.P./Trustee)	$0	$0	$0
Ms Karen Kelleher (Trustee)	$0	$0	$0
Mr Hugh Whelan (Trustee)	$0	$0	$0
Rt Rev Laura Ahrens (Trustee)	$0	$0	$0
Ms Felicia Dedominicis Esq (Secretary/Trustee)	$0	$0	$0
Ms Nancy Thompson (Trustee)	$0	$0	$0
Mr David Neal (Trustee)	$0	$0	$0
Mr Jared I Edwards (Trustee)	$0	$0	$0
Ms Linda Rickard (Trustee)	$0	$0	$0
Ms Claire Burnett (Trustee)	$0	$0	$0
Mr Gerald Hess (Treasurer/Trustee)	$0	$0	$0

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990

Filed on March 9, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Sept.
2017

Revenue

$5,344,095

Expenses

$1,477,394

Net Income

$3,866,701

Net Assets

$59,430,244

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$1,018,786	19.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$4,187,827	78.4%
Net Inventory Sales	$0
Other Revenue	$137,482	2.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$146,308	9.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$233,795	15.8%

Assets/Debt
Total Assets	$59,485,344
Total Liabilities	$55,100
Net Assets	$59,430,244

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2016

Revenue

$2,159,941

Expenses

$1,450,575

Net Income

$709,366

Net Assets

$55,243,531

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,500	0.1%
Program Services	$0
Investment Income	$898,636	41.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,132,084	52.4%
Net Inventory Sales	$0
Other Revenue	$126,721	5.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$140,377	9.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$55,295,656
Total Liabilities	$52,125
Net Assets	$55,243,531

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2015

Revenue

$4,165,738

Expenses

$1,459,883

Net Income

$2,705,855

Net Assets

$52,035,835

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$958,935	23.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,086,834	74.1%
Net Inventory Sales	$0
Other Revenue	$119,969	2.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$109,963	7.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$52,073,292
Total Liabilities	$37,457
Net Assets	$52,035,835

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2014

Revenue

$5,241,160

Expenses

$1,601,744

Net Income

$3,639,416

Net Assets

$53,450,349

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$964,782	18.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$4,168,155	79.5%
Net Inventory Sales	$0
Other Revenue	$108,223	2.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$102,048	6.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$53,497,208
Total Liabilities	$46,859
Net Assets	$53,450,349

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2013

Revenue

$2,363,058

Expenses

$1,257,975

Net Income

$1,105,083

Net Assets

$49,733,107

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$770,955	32.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,477,061	62.5%
Net Inventory Sales	$0
Other Revenue	$115,042	4.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$100,007	7.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$223,438	17.8%

Assets/Debt
Total Assets	$49,789,702
Total Liabilities	$56,595
Net Assets	$49,733,107

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2012

Revenue

$2,490,210

Expenses

$1,205,741

Net Income

$1,284,469

Net Assets

$45,901,262

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$4,959	0.2%
Program Services	$0
Investment Income	$789,671	31.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,581,911	63.5%
Net Inventory Sales	$0
Other Revenue	$113,669	4.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$90,505	7.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$218,257	18.1%

Assets/Debt
Total Assets	$45,956,678
Total Liabilities	$55,416
Net Assets	$45,901,262

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2011

Revenue

$2,193,449

Expenses

$1,138,215

Net Income

$1,055,234

Net Assets

$40,797,167

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$12,571	0.6%
Program Services	$0
Investment Income	$718,032	32.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,349,918	61.5%
Net Inventory Sales	$0
Other Revenue	$112,928	5.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$90,189	7.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$212,553	18.7%

Assets/Debt
Total Assets	$40,833,514
Total Liabilities	$36,347
Net Assets	$40,797,167

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Trustees Of Colt Bequest Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $3.1M (2024)

Expenses $2.09M (2024)

Total Assets $78.7M (2024)

Total Liabilities $222k (2024)

Tax Filings by Year

Fiscal Year Ending Sept. 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

Revenue

$3.1M (2024)

Expenses

$2.09M (2024)

Total Assets

$78.7M (2024)

Total Liabilities

$222k (2024)

Fiscal Year Ending Sept.
2024

Fiscal Year Ending Sept.
2023

Fiscal Year Ending Sept.
2022

Fiscal Year Ending Sept.
2021

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2020

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2019

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2018

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2017

Fiscal Year Ending Sept.
2016

Fiscal Year Ending Sept.
2015

Fiscal Year Ending Sept.
2014

Fiscal Year Ending Sept.
2013

Fiscal Year Ending Sept.
2012

Fiscal Year Ending Sept.
2011

Fiscal Year Ending Sept.
2010

Fiscal Year Ending Sept.
2009

Fiscal Year Ending Sept.
2008

Fiscal Year Ending Sept.
2007

Fiscal Year Ending Sept.
2006

Fiscal Year Ending Sept.
2005

Fiscal Year Ending Sept.
2004

Fiscal Year Ending Sept.
2003

Fiscal Year Ending Sept.
2002

Fiscal Year Ending Sept.
2001