2023-12-14T14:18:53-06:00 2023-03-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2022-04-01 825457122 PRINCE'S TRUST AMERICA INC PRIN 6467687878 45 W 27TH STREET 11TH FLOOR NEW YORK NY 10001 VICTORIA GORE CEO 6467687878 2023-12-14 1 VICTORIA GORE 999009999 1 EVA MRUK P00543254 9143818900 2023-12-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z VICTORIA GORE 45 W 27TH STREET 11TH FLOOR NEW YORK NY 10001 10519938 0 X WWW.PRINCESTRUST.US X 2018 NY HELP YOUNG PEOPLE TRANSFORM THEIR LIVES BY DEVELOPING THE CONFIDENCE AND SKILLS TO LIVE, LEARN & EARN. 6 6 4 6 0 0 7986506 8759650 0 0 0 8643 52719 692011 8039225 9460304 4541004 5611258 0 0 370342 509361 0 56029 469388 221335 596203 5132681 6772851 2906544 2687453 5834684 8524693 1087063 1089619 4747621 7435074 X PRINCE'S TRUST USA AIMS TO SUPPORT THE GLOBAL WORK OF THE PRINCE'S TRUST. TOGETHER WITH OUR PARTNERS, OUR MISSION IS TO HELP YOUNG PEOPLE TRANSFORM THEIR LIVES BY DEVELOPING THE CONFIDENCE AND SKILLS TO LIVE, LEARN AND EARN. 0 0 5887556 5611258 0 THERE ARE THREE SIGNIFICANT GLOBAL CHALLENGES THAT DRIVE THE WORK OF THE TRUST: THE RISING LEVELS OF YOUTH UNEMPLOYMENT (OVER 70 MILLION); THE LOW LEVELS OF SECONDARY EDUCATION COMPLETION (264 MILLION CHILDREN AND YOUNG PEOPLE OUT OF SCHOOL) AND THE WORLD'S RAPIDLY CHANGING POPULATIONS (OVER HALF OF THE GLOBAL POPULATION IS NOW UNDER 30).IN LIGHT OF THAT, THE MAIN PRIORITY IS TO HELP YOUNG PEOPLE TO IMPROVE THEIR LIVES THROUGH PARTNERSHIPS DELIVERING PRACTICAL SOLUTIONS THAT LEAD TO IMPROVED CONFIDENCE. THESE HELP SKILL YOUNG PEOPLE FOR WORK, SUPPORT THEM IN EDUCATION OR HELP THEM SET UP BUSINESSES.DURING FY23 THE ORGANIZATION RAISED FUNDS THAT WERE GRANTED TO ITS PARENT ORGANIZATION, PRINCE'S TRUST, A UK BASED ORGANIZATION. 5887556 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 1 0 0 0 0 1 0 0 0 0 0 1 0 0 1 0 0 0 0 1 0 0 0 1 15 0 4 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 6 6 0 0 1 0 1 1 1 1 0 0 0 1 1 1 1 1 0 1 1 0 NY CA MI NJ FL X X X VICTORIA GORE 6467687878 45 W 27TH STREET 11TH FLOOR NEW YORK NY 10001 JEREMY GREEN CHAIR 4.00 X X 0 0 0 SAM KELLIE-SMITH TREASURER 1.00 X X 0 0 0 ROMERO BRITTO BOARD MEMBER 1.00 X 0 0 0 RUDYARD CERES BOARD MEMBER 2.00 X 0 0 0 KATE JAMES BOARD MEMBER 1.00 X 0 0 0 STEPHEN BYRD BOARD MEMBER 1.00 X 0 0 0 VICTORIA GORE CEO 32.00 X 114525 0 424 ALISON ZAYAS DIRECTOR OF PHILANTHROPY 40.00 X 176448 0 28614 290973 0 29038 2 0 1 0 0 979718 7779932 145721 8759650 839 839 304000 296196 7804 7804 7804 1181552 979718 763438 418114 418114 FOREIGN CURRENCY EXCHANGE GAIN 900099 147856 147856 ADMINISTRATIVE FEES 900099 126041 126041 273897 9460304 0 0 700654 5611258 5611258 395189 57223 92631 245335 71411 5087 20878 45446 9672 1089 3694 4889 33089 3701 6624 22764 62496 17434 42021 3041 112561 31400 75683 5478 56029 56029 86989 22240 60870 3879 4200 4200 21705 15236 5503 966 23271 17827 5444 43019 43019 79553 5345 24881 49327 3291 3291 1390 1390 PROGRAM SCOPING 104148 104148 FUNDRAISING EVENTS 53580 13395 13395 26790 6772851 5887556 415907 469388 1142380 1367525 4408879 6271400 283425 311820 0 505948 0 68000 5834684 8524693 69294 80934 977069 965394 40700 43291 1087063 1089619 X 328879 934581 4418742 6500493 4747621 7435074 5834684 8524693 2687453 0 X 0 1 X 0 0 X 0 8563689 2612026 7986506 8759650 27921871 8563689 2612026 7986506 8759650 27921871 14274276 13647595 839 839 418114 418114 900 52719 273897 327516 28668340 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: REIMBURSEMENTS - 2020 AMOUNT: $ 900. ADMINISTRATIVE FEES - 2021 AMOUNT: $ 52,719. 2022 AMOUNT: $ 126,041. REALIZED EXCHANGE GAIN OR LOSS - 2022 AMOUNT: $ 147,856. PART II, SECTION A, COLUMN A: THE ORGANIZATION IS REPORTING A SHORT YEAR IN COLUMN (A) 2018 FOR ITS INITIAL YEAR STARTING APRIL 3, 2018. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 SBA ECONOMIC INJURY DISASTER LOAN 43291 43291 X 9460599 295 295 9460304 0 9460304 6773146 295 295 6772851 0 6772851 PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. AT MARCH 31, 2023, PERIODS SINCE INCEPTION ARE SUBJECT TO EXAMINATION BY THE FEDERAL, STATE AND LOCAL INCOME TAX AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF SPECIAL EVENT EXPENSES TO PART VIII 295. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF SPECIAL EVENT EXPENSES TO PART VIII 295. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 5422110 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 100000 NORTH AMERICA 0 0 GRANTMAKING 50000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 2 PROGRAM SERVICES STAFF SUPPORT FOR US LAUNCH OF YOUTH-SERVING PROGRAMS 39148 0 2 0 0 0 2 5611258 0 5611258 EUROPE GENERAL SUPPORT 5422109 WIRE 0 NORTH AMERICA GENERAL SUPPORT 50000 WIRE 0 EAST ASIA AND THE PACIFIC GENERAL SUPPORT 100000 WIRE 0 5 0 0 0 0 0 0 0 PART I, LINE 2: ESTABLISHED IN 2019 TO BENEFIT GLOBAL YOUTH, INCLUDING WITHIN THE USA. WE ALSO SUPPORT ESTABLISHED PROGRAMMING ABROAD (VIA OUR PARENT CHARITY, THE PRINCE'S TRUST) WHICH HAS SERVED OVER A MILLION YOUNG PEOPLE WORLDWIDE, OVER THE LAST 45 YEARS. AS A RESULT OF OUR YOUTH PROGRAMMING IN 20 COUNTRIES WORLDWIDE, THE PRINCE'S TRUST USA ENSURES THAT: - THREE IN FOUR YOUNG PEOPLE SUPPORTED BY THE PRINCE'S TRUST MOVE INTO WORK, TRAINING, OR EDUCATION. - A GOAL OF APPROXIMATELY $0.87 OF EVERY $1 DONATED TO THE PRINCE'S TRUST IS SPENT ON YOUTH PROGRAMMING. EACH DONATION IS SUBJECT TO STAFF AND BOARD REVIEWS AND APPROVALS BEFORE BEING GRANTED. WE ALSO ENGAGE TRUSTED PARTNER ORGANIZATIONS TO DELIVER SERVICES TO YOUTH. INDIVIDUAL RECIPROCATE CHARITY ARE RESPONSIBLE TO PROVIDE UPDATES ON DELIVERABLES AND MEASURABLE OUTCOMES. PART III ACCOUNTING METHOD: X X X X X X 1 VICTORIA MAJOR INC 26 EAST 22ND STREET NEW YORK NY 10010 ORGANIZATION MANAGEMENT AND DONOR DEVELOPMENT & ENGAGEMENT S 0 0 56029 -56029 56029 -56029 NY CA FL IL MI NJ WA CT GALA 2161270 979718 1181552 118744 493010 151684 2161270 979718 1181552 118744 493010 151684 763438 418114 SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE ORGANIZATION PAYS AN HOURLY RATE TO A PROFESSIONAL FUNDRAISER BILLED ON A QUARTERLY BASIS. X X X X 0 0 0 0 0 0 0 0 0 ALISON ZAYAS DIRECTOR OF PHILANTHROPY 176448 0 0 0 0 0 13394 0 15220 0 205062 0 0 0 VICTORIA MAJOR INC ENTITY OWNED BY V. GORE, CEO 56029 INDEPENDENT CONTRACTOR ARRANGEMENT 0 X 1 94789 AVG. SELLING PRICE X AIRLINE MILES 1 50932 MILES VALUE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B) OF SCHEDULE M. FORM 990, PART VI, SECTION A, LINE 4 DURING FY23, THE ORGANIZATION AMENDED ITS BY-LAWS AS FOLLOWS: - THE NUMBER OF TRUSTEES OF THE BOARD SHOULD NOT BE LESS THAN 3 OR GREATER THAN 20. - EACH TRUSTEE SHALL BE ELECTED FOR A TERM OF THREE YEARS AND SHOULD NOT EXCEED FIVE YEARS. NO TRUSTEE SHALL SERVE ON THE BOARD FOR MORE THAN TWO CONSECUTIVE THREE YEAR TERMS. - THE ORGANIZATION'S SOLE MEMBER PRINCE'S TRUST RESIGNED AS SOLE MEMBER AND PRINCE'S TRUST GROUP COMPANY WAS APPOINTED AS THE NEW SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 6 THE PRINCE'S TRUST GROUP COMPANY IS THE SOLE MEMBER OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER OF THE ORGANIZATION HAS THE RIGHT TO ELECT MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE SOLE MEMBER HAS THE POWER TO REMOVE BOARD MEMBERS, APPROVE ANY DISSOLUTION OR TO AMEND ANY GOVERNING DOCUMENT. FORM 990, PART VI, SECTION A, LINE 8B THE BOARD ACTS ON BEHALF OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B PRINCE'S TRUST AMERICA, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED AND IT'S READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE IT IS REVIEWED BY THE CEO AND THEN ELECTRONICALLY SENT TO THE BOARD FOR APPROVAL. UPON BOARD APPROVAL THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO DIRECTORS, OFFICERS OR KEY PERSONS OF THE ORGANIZATION. ANNUALLY, ALL APPLICABLE PERSONS ARE REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE STATEMENT. THESE INDIVIDUALS HAVE A DUTY TO DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST AND GIVE ALL MATERIAL FACTS TO THE BOARD. AFTER DISCLOSURE THE INTERESTED PERSON SHALL LEAVE THE BOARD MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON BY THE REMAINING BOARD MEMBERS. THE REMAINING BOARD MEMBERS DECISION WILL BE DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE CEO AND KEY EMPLOYEE ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. THE ORGANIZATION ENGAGES AN INDEPENDENT COMPENSATION CONSULTANT TO CONDUCT AN INDEPENDENT SALARY REVIEW AND USES VARIOUS COMPENSATION DATA FOR CEOS AND OTHER PERSONS OF FUNCTIONALLY COMPARABLE POSITIONS FOR SIMILARLY QUALIFIED PERSONS AT SIMILARLY SITUATED ORGANIZATIONS. THE ORGANIZATION MAINTAINS CONTEMPORANEOUS DOCUMENTATION OF ITS PROCEEDINGS, DELIBERATIONS AND SUPPORTING DECISIONS IN ITS BOARD MINUTES. THE PROCESS WAS LAST UNDERTAKEN DURING THE YEAR 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS ALSO POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FORM 1023, FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST. THE PRINCE'S TRUST 8 GLADE PATH LONDON UK SE1 8EG TO HELP YOUNG PEOPLE TO IMPROVE THEIR LIVES UK N/A 0 PRINCE'S TRUST AUSTRALIA LEVEL 3 480 COLLINS ST MELBOURNE VIC AS 3000 TO HELP YOUNG PEOPLE TO IMPROVE THEIR LIVES AS THE PRINCE'S TRUSTPRINCE'S TRUST GROUP COMPANY 0 PRINCE'S TRUST NEW ZEALAND LEVEL 37 PWC TOWER 15 CUSTOMS STR AUCKLAND NZ 1010 TO HELP YOUNG PEOPLE TO IMPROVE THEIR LIVES NZ THE PRINCE'S TRUSTPRINCE'S TRUST GROUP COMPANY 0 PRINCE'S TRUST CANADA 1 RICHMOND STREET WEST SUITE 601 TORONTO, ON CA M5H 3W4 TO HELP YOUNG PEOPLE TO IMPROVE THEIR LIVES CA THE PRINCE'S TRUSTPRINCE'S TRUST GROUP COMPANY 0 PRINCE'S TRUST INTERNATIONAL 8 GLADE PATH LONDON UK SE1 8EG TO HELP YOUNG PEOPLE TO IMPROVE THEIR LIVES UK THE PRINCE'S TRUSTPRINCE'S TRUST GROUP COMPANY 0 PRINCE'S TRUST GROUP COMPANY 8 GLADE PATH LONDON UK SE1 8EG TO HELP YOUNG PEOPLE TO IMPROVE THEIR LIVES UK N/A 0 PRINCE TRUST TRADING COMPANY 8 GLADE PATH LONDON UK SE1 8EG TRADING ACTIVITIES UK THE PRINCE'S TRUST 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0