Casque and Gauntlet Trust
Nonprofit profile at a glance
- EIN
- 020306381
- IRS 990 coverage
- 2011–2023
- Forms available
- Form 990 2023
- Location
- Peterborough, NH, USA
- Rating
- 46
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,866,190
- Expenses
- $2,387,380
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
8 people listed
People named in this filing
- TRACY WALSH (TREASURER)
- EDWIN M KANIA (TRUSTEE)
- JAMES W STEIN (TRUSTEE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Organization, in support of a 501 (c) (3) college.
What it reported doing in 2023
During this fiscal year (as has been the case since 2020 when the covid pandemic forced a dramatic change in our organization), the original mission-related activities of the trust were no longer either actionable or relevant. However, during this fiscal year, the trust/trustees successfully accomplished several important things including: a) determining a path forward consistent with the trust's mission and charter; b) securing resources to execute on this, including by selling off the assets/property held by the trust (i.e. 1 s. Main st, hanover, nh) to dartmouth college at an appraised fair market value and in a manner consistent with the provisions of its charter; c) donating all of its cash including that received from the sale of 1 s main st and all residual cash from operations to dartmouth college in support of a specific new program at dartmouth that closely matched the original mission of the trust and in a manner consistent with the provisions of its charter; d) with support from outside counsel (who also advised on the above actions) and in a manner consistent with the provisions of its charter, executing a final dissolution of the trust effective august 29 2024, given that, following the donations to dartmouth, the trust no longer had residual mission or resources, and its original mission had been fulfilled to the best of the trustees' ability. No trustee received any financial or non-financial benefit via the actions taken during this final fiscal year (or before that) in accomplishing the above. No trustee was ever paid or received non-cash remuneration for their time or services on behalf of the trust
Operating model
- Revenue model
- Other-operating. 100% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 93
- Accountability: 76
- Sustainability: 13
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -27.9%; rating input score 7; 7th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 27.6% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: -7.5% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 8 of 8 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 3 filed schedules · includes grants
- Filing history: 12 filing years from 2011 to 2023
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Sustainability: Operating margin scored 7/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.