Civic Intelligence

Annie W Durand Trust

990 • Fiscal year 2024 • EIN 36-6025539

May 01, 2023 to Apr 30, 2024 • Filed on Sep 06, 2024

The Northern Trust CompanyPO Box Chicago, IL 60680

(312) 630-6000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • $1M-$5M nonprofits • Source year 2024

Net Margin

51st percentile

5.3%

Higher net margin than 51% of similar nonprofits.

2024 filings • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$26,146

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 27.2% of source-year revenue.

2024 filings • $1M-$5M nonprofits • Source year 2024

Asset Growth

39th percentile

0.2%

Faster asset growth than 39% of similar nonprofits.

2024 filings • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

95th percentile

305%

Faster revenue growth than 95% of similar nonprofits.

2024 filings • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,274,577

Up $5,063 (+0.2%) from 2023

Net Assets

Up

$2,274,577

Up $5,063 (+0.2%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue

Up

$95,961

Up $72,250 (+305%) from 2023

Expenses

Up

$90,905

Up $13,640 (+18%) from 2023

Net Income

Up

$5,056

Up $58,610 (+109%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2021: $2,164,841Liabilities 2021: $0Net Assets 2021: $2,164,8412021Assets 2022: $2,329,841Liabilities 2022: $0Net Assets 2022: $2,329,8412022Assets 2023: $2,269,514Liabilities 2023: $0Net Assets 2023: $2,269,5142023Assets 2024: $2,274,577Liabilities 2024: $0Net Assets 2024: $2,274,5772024Assets 2025: $2,249,086Liabilities 2025: $0Net Assets 2025: $2,249,0862025

Highlighted filing

2024

Assets$2,274,577
Liabilities$0
Net Assets$2,274,577

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2021: $135,849Expenses 2021: $64,099Net Income 2021: $71,7502021Revenue 2022: $236,350Expenses 2022: $71,452Net Income 2022: $164,8982022Revenue 2023: $23,711Expenses 2023: $77,265Net Income 2023: -$53,5542023Revenue 2024: $95,961Expenses 2024: $90,905Net Income 2024: $5,0562024Revenue 2025: $66,087Expenses 2025: $91,638Net Income 2025: -$25,5512025

Highlighted filing

2024

Revenue$95,961
Expenses$90,905
Net Income$5,056
Jump To
Filing Snapshot
Filing Period
May 1, 2023 to Apr 30, 2024
Signed
Sep 6, 2024
Return Version
2023v5.1
Gross Receipts
$450,033
Mission and Program Overview

Mission

To support organizations listed in schedule a part i

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$2,269,514$2,274,577▲ $5,063
Investments in Publicly Traded Securities$2,141,290$2,215,535▲ $74,245
Savings and Temporary Cash Investments$128,224$59,042▼ $69,182
Total Assets$2,269,514$2,274,577▲ $5,063
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,269,514$2,274,577▲ $5,063
Total Liabilities and Net Assets / Fund Balance$2,269,514$2,274,577▲ $5,063
Compensation and Service Providers

Employees

NameTitleBaseTotal
The Northern Trust CompanyTrustee$26,146$26,146
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$95,961
Other Revenue
$0
Change in Net Assets
$5,056
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$59,948
Salaries, Compensation, and Employee Benefits$26,146
Other Expenses$4,811
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$59,948--$59,948
Current Officers, Directors, Trustees, and Key Employees-$26,146-$26,146
Fees for Services Accounting-$2,500-$2,500
Fees for Service Investment Mgmnt Fees-$1,993-$1,993
Other Expenses-$303-$303
Total Functional Expenses$59,948$30,957$0$90,905
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 1A

The northern trust company - sole trustee

Form 990, Page 6, Part VI, Line 11-description of Process for Review

Copy of tax return sent to trustee for review and comment

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12C

ANNUAL CONFIRMATION

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Annie W Durand
EIN
36-6025539
Phone
3126306000
Address
THE NORTHERN TRUST COMPANY, PO BOX CHICAGO, IL 60680

Signing Officer

Name
James Ciarlette
Title
Sr. VP
Phone
3126306000
Signed
2024-09-06

Organization Details

Principal Officer
Na
Formed
1907
Legal Domicile
Il
Voting Board Members
0
Independent Board Members
0
Employees
0
Supplemental Narrative

Additional Explanations

Line 1

Annie durand died around 1900 leaving a will which left the residue to tnt as trustee. There were no specific provisions other than the stat ement that the trust funds were intended "to be used to erect hospital s in two of the poorest and most thickly settled part of chicago". Ove r the years, a number of court approved agreements were entered into b y tnt and other parties, including the university of chicago, to erect and operate hospitals.

Line 1 Continue

University of chicago hospitals (uch) was determined as successor in i nterest for purposes of the durand trust. Tnt continues to hold the p rincipal in perpetuity and distributes the net income to uch.

Explanation for Form 990, Part XI, Line 9

Tax cost etc adj for 7.00

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0NORTHERN TRUST MAINTAINED A CLOSE AND CONTINUOUS RELATIONSHIP VIA COMMUNICATION BY EMAIL, PHONE OR FACE TO FACE MEETINGS WITH THE PORTFOLIO MANAGER, CLIENT ADVISOR AND/OR MANAGING DIRECTOR.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1REPRESENTATIVES OF THE TRUSTEE AND THE SUPPORTED ORGANIZATION(S) HAVE PERIODIC TELEPHONE MEETINGS DURING WHICH QUESTIONS AND CONCERNS ARE ADDRESSED. THE TERMS OF THE DISTRIBUTIONS ARE DETERMINED BY THE TRUST DOCUMENT. NORTHERN TRUST PROVIDES THE SUPPORTED ORGANIZATION(S) WITH REGULAR INVESTMENT STATEMENTS, ETC.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2GRANDFATHERED TRUST EXCEPTION: THIS TRUST IS WHOLLY CHARITABLE AND A CHARITABLE DEDUCTION WAS TAKEN, THE TRUST WAS IRREVOCABLE PRIOR TO NOVEMBER 20, 1970, THE TRUST PROVIDES FOR THE DISTRIBUTION OF ALL INCOME TO SPECIFICALLY NAMED CHARITIES, THE AMOUNTS DISTRIBUTED TO THE DESIGNATED CHARITIES ARE FIXED AND NOT SUBJECT TO FIDUCIARY DISCRETION AND NONE OF THE TRUSTEES ARE A DISQUALIFIED PERSON.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION D, LINE 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART V LINE 1
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ANNIE DURAND DIED AROUND 1900 LEAVING A WILL WHICH LEFT THE RESIDUE TO TNT AS TRUSTEE. THERE WERE NO SPECIFIC PROVISIONS OTHER THAN THE STAT EMENT THAT THE TRUST FUNDS WERE INTENDED "TO BE USED TO ERECT HOSPITAL S IN TWO OF THE POOREST AND MOST THICKLY SETTLED PART OF CHICAGO". OVE R THE YEARS, A NUMBER OF COURT APPROVED AGREEMENTS WERE ENTERED INTO B Y TNT AND OTHER PARTIES, INCLUDING THE UNIVERSITY OF CHICAGO, TO ERECT AND OPERATE HOSPITALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UNIVERSITY OF CHICAGO HOSPITALS (UCH) WAS DETERMINED AS SUCCESSOR IN I NTEREST FOR PURPOSES OF THE DURAND TRUST. TNT CONTINUES TO HOLD THE P RINCIPAL IN PERPETUITY AND DISTRIBUTES THE NET INCOME TO UCH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE NORTHERN TRUST COMPANY - SOLE TRUSTEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COPY OF TAX RETURN SENT TO TRUSTEE FOR REVIEW AND COMMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUAL CONFIRMATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TAX COST ETC ADJ FOR 7.00
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1LINE 1 CONTINUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6EXPLANATION FOR FORM 990, PART XI, LINE 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0UNIVERSITY OF CHICAGO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0362177139
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0UNIVERSITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt06054 SOUTH DREXEL AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CHICAGO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd060637
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02269514
IRS990/TotalAssetsEOYAmt02274577
IRS990/TotalAssetsGrp/BOYAmt02269514
IRS990/TotalAssetsGrp/EOYAmt02274577
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt030957
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt059948
IRS990/TotalFunctionalExpensesGrp/TotalAmt090905
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02269514
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02274577
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt059948
IRS990/TotalReportableCompFromOrgAmt026146
IRS990/TotalRevenueGrp/ExclusionAmt095961
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt095961
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02269514
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02274577
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES CIARLETTE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SR. VP
ReturnHeader/BusinessOfficerGrp/PhoneNum03126306000
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ANNIE W DURAND
ReturnHeader/Filer/BusinessNameControlTxt0DURA
ReturnHeader/Filer/EIN0366025539
ReturnHeader/Filer/PhoneNum03126306000
ReturnHeader/Filer/USAddress/AddressLine1Txt0THE NORTHERN TRUST COMPANY
ReturnHeader/Filer/USAddress/CityNm0PO BOX CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060680
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/ReturnTs02024-09-09T14:01:21-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-05-01
ReturnHeader/TaxPeriodEndDt02024-04-30
ReturnHeader/TaxYr02023

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