Civic Intelligence

Clothilde R Smith Charitable Foundation

990 • Fiscal year 2014 • EIN 38-3385961

Jul 01, 2013 to Jun 30, 2014 • Filed on Oct 15, 2014

Organization ProfileWWW.OLDREDFORD.COM/CONTENT/CRS%
22122 W Mcnichols RdSouthfield, MI 48219

(248) 799-2780

Siviq Scores

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

Liabilities / Assets

90th percentile

0.91x

Higher debt load relative to assets than 90% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

99th percentile

55.44x

Higher debt load relative to revenue than 99% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Net Margin

83rd percentile

29%

Higher net margin than 83% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Asset Growth

22nd percentile

-1.8%

Faster asset growth than 22% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$27,054,601

Down $498,164 (-1.8%) from 2013

Net Assets

Up

$2,520,076

Up $129,151 (+5.4%) from 2013

Liabilities

Down

$24,534,525

Down $627,315 (-2.5%) from 2013

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin83rd percentile

Revenue

Up

$442,565

Up $477,590 (+1364%) from 2013

Expenses

Up

$313,414

Up $73,353 (+31%) from 2013

Net Income

Up

$129,151

Up $404,237 (+147%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$30M$20M$10M$0Assets 2009: $16,216,643Liabilities 2009: $15,131,925Net Assets 2009: $1,084,7182009Assets 2010: $19,031,674Liabilities 2010: $17,363,731Net Assets 2010: $1,667,9432010Assets 2011: $26,967,200Liabilities 2011: $24,932,168Net Assets 2011: $2,035,0322011Assets 2012: $26,360,055Liabilities 2012: $24,547,904Net Assets 2012: $1,812,1512012Assets 2013: $27,552,765Liabilities 2013: $25,161,840Net Assets 2013: $2,390,9252013Assets 2014: $27,054,601Liabilities 2014: $24,534,525Net Assets 2014: $2,520,0762014Assets 2015: $26,133,832Liabilities 2015: $24,047,031Net Assets 2015: $2,086,8012015Assets 2016: $25,457,312Liabilities 2016: $23,348,479Net Assets 2016: $2,108,8332016Assets 2017: $24,814,313Liabilities 2017: $22,639,290Net Assets 2017: $2,175,0232017Assets 2018: $24,350,843Liabilities 2018: $22,012,295Net Assets 2018: $2,338,5482018Assets 2019: $23,893,292Liabilities 2019: $21,225,940Net Assets 2019: $2,667,3522019Assets 2020: $23,176,300Liabilities 2020: $20,638,893Net Assets 2020: $2,537,4072020Assets 2021: $22,574,911Liabilities 2021: $20,202,448Net Assets 2021: $2,372,4632021Assets 2022: $21,744,964Liabilities 2022: $19,376,062Net Assets 2022: $2,368,9022022Assets 2023: $21,128,189Liabilities 2023: $18,694,267Net Assets 2023: $2,433,9222023Assets 2024: $20,570,464Liabilities 2024: $17,975,710Net Assets 2024: $2,594,7542024Assets 2025: $19,867,832Liabilities 2025: $17,214,334Net Assets 2025: $2,653,4982025

Highlighted filing

2014

Assets$27,054,601
Liabilities$24,534,525
Net Assets$2,520,076
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KRevenue 2009: $925,052Expenses 2009: $758,384Net Income 2009: $166,6682009Revenue 2010: $935,181Expenses 2010: $351,956Net Income 2010: $583,2252010Revenue 2011: $640,037Expenses 2011: $272,948Net Income 2011: $367,0892011Revenue 2012: $14,664Expenses 2012: $237,547Net Income 2012: -$222,8832012Revenue 2013: -$35,025Expenses 2013: $240,061Net Income 2013: -$275,0862013Revenue 2014: $442,565Expenses 2014: $313,414Net Income 2014: $129,1512014Revenue 2015: $379,125Expenses 2015: $503,284Net Income 2015: -$124,1592015Revenue 2016: $451,338Expenses 2016: $429,306Net Income 2016: $22,0322016Revenue 2017: $424,661Expenses 2017: $358,471Net Income 2017: $66,1902017Revenue 2018: $436,211Expenses 2018: $272,686Net Income 2018: $163,5252018Revenue 2019: $616,489Expenses 2019: $287,685Net Income 2019: $328,8042019Revenue 2020: $313,396Expenses 2020: $443,341Net Income 2020: -$129,9452020Revenue 2021: $305,098Expenses 2021: $476,867Net Income 2021: -$171,7692021Revenue 2022: $394,061Expenses 2022: $397,798Net Income 2022: -$3,7372022Revenue 2023: $523,524Expenses 2023: $458,619Net Income 2023: $64,9052023Revenue 2024: $641,659Expenses 2024: $483,946Net Income 2024: $157,7132024Revenue 2025: $673,311Expenses 2025: $614,689Net Income 2025: $58,6222025

Highlighted filing

2014

Revenue$442,565
Expenses$313,414
Net Income$129,151
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Oct 15, 2014
Return Version
2013v3.1
Gross Receipts
$2,739,669
Mission and Program Overview

Mission

Support of public schools

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$23,953,425$23,301,583▼ $651,842
Savings and Temporary Cash Investments$2,875,033$2,925,666▲ $50,633
Accounts Receivable$395,935$465,686▲ $69,751
Cash and Non-Interest-Bearing Accounts$328,372$361,666▲ $33,294
Total Assets$27,552,765$27,054,601▼ $498,164
Liabilities
Other Liabilities$25,114,382$24,416,645▼ $697,737
Accounts Payable and Accrued Expenses$47,458$117,880▲ $70,422
Total Liabilities$25,161,840$24,534,525▼ $627,315
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,664,760$1,730,774▲ $66,014
Unrestricted Net Assets$726,165$789,302▲ $63,137
Total Net Assets Fund Balance$2,390,925$2,520,076▲ $129,151
Total Liabilities and Net Assets / Fund Balance$27,552,765$27,054,601▼ $498,164

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$21,940,276$4,107,023$26,047,299
Land$1,122,608-$1,122,608
Leasehold Improvements$238,699$13,041$251,740
Compensation and Service Providers
Top Officer Pay6th percentile

Board Members and Trustees

NameTitle
Alex SmithPresident
Martin MentionBoard Member
Raymond SmithDirector
Scott SmithSecretary
Karon SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$18,470
Program Service Revenue
$45,475
Investment Income
$635
Other Revenue
$377,985
All Other Contributions
$18,470
Change in Net Assets
$129,151
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$313,414
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$150,000-$150,000
All Other Expenses$45,781--$45,781
Insurance$26,448--$26,448
Fees for Services Legal$13,184--$13,184
Other Expenses$12,817--$12,817
Total Functional Expenses$163,414$150,000$0$313,414
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Bonds Payable$23,610,000
Line of Credit$806,645
N/p-bus 4-
N/p-six Plex-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
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

Form 990, Page 6, Part VI, Line 2

“Alex smith karon smith president treasurer nephew/aunt raymond smith karon smith director treasurer brother/sister raymond smith scott smith director director brother/brother karon smith scott smith treasurer director sister/brother martin mention karon smith director treasurer step-son/step mother”

Form 990, Page 6, Part VI, Line 11B

“Once the 990 has been prepared by the accounting firm the board will hold a meeting to review the 990 thoroughly. If there are no discrepancies the board will pass a resolution to accept the 990 as prepared and direct the accounting firm to proceed with filing the 990.”

Form 990, Page 6, Part VI, Line 12C

“The board currently has a written conflict of interest policy. As stated in the conflict of interest policy officers are required to disclose any interests that may rise to conflicts.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

EIN
38-3385961
Phone
2487992780

Signing Officer

Name
Mrs Karon Smith
Title
Board Treasurer
Phone
2487992780
Signed
2014-10-15
Discuss with paid preparer
Yes

Organization Details

Formed
1997
Legal Domicile
Mi
Voting Board Members
5
Independent Board Members
0
Employees
0

Preparer

Preparer
Thomas M Taylor
Phone
8102308200
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Contract labor 12,241 0 0 uniforms 7,786 0 0 donations 7,581 0 0 automobile expenses 4,671 0 0 maintenance & repairs 4,460 0 0 scholarships 4,000 0 0 bank service charges 2,549 0 0 meals & entertainment 950 0 0 field trips 668 0 0 licenses 495 0 0 payroll fees 301 0 0 miscellaneous 79 0 0”

Raw XML Appendix330 raw XML fields

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

Path#Value
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IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
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IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02739669
IRS990/GrossRentsGrp/RealAmt02483089
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IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LINE OF CREDIT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALEX SMITH KARON SMITH PRESIDENT TREASURER NEPHEW/AUNT RAYMOND SMITH KARON SMITH DIRECTOR TREASURER BROTHER/SISTER RAYMOND SMITH SCOTT SMITH DIRECTOR DIRECTOR BROTHER/BROTHER KARON SMITH SCOTT SMITH TREASURER DIRECTOR SISTER/BROTHER MARTIN MENTION KARON SMITH DIRECTOR TREASURER STEP-SON/STEP MOTHER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ONCE THE 990 HAS BEEN PREPARED BY THE ACCOUNTING FIRM THE BOARD WILL HOLD A MEETING TO REVIEW THE 990 THOROUGHLY. IF THERE ARE NO DISCREPANCIES THE BOARD WILL PASS A RESOLUTION TO ACCEPT THE 990 AS PREPARED AND DIRECT THE ACCOUNTING FIRM TO PROCEED WITH FILING THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD CURRENTLY HAS A WRITTEN CONFLICT OF INTEREST POLICY. AS STATED IN THE CONFLICT OF INTEREST POLICY OFFICERS ARE REQUIRED TO DISCLOSE ANY INTERESTS THAT MAY RISE TO CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACT LABOR 12,241 0 0 UNIFORMS 7,786 0 0 DONATIONS 7,581 0 0 AUTOMOBILE EXPENSES 4,671 0 0 MAINTENANCE & REPAIRS 4,460 0 0 SCHOLARSHIPS 4,000 0 0 BANK SERVICE CHARGES 2,549 0 0 MEALS & ENTERTAINMENT 950 0 0 FIELD TRIPS 668 0 0 LICENSES 495 0 0 PAYROLL FEES 301 0 0 MISCELLANEOUS 79 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 24E
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01730774
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IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt027054601
IRS990/TotalAssetsGrp/BOYAmt027552765
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IRS990/TotalContributionsAmt018470
IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0150000
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0163414
IRS990/TotalFunctionalExpensesGrp/TotalAmt0313414
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt025161840
IRS990/TotalLiabilitiesEOYAmt024534525
IRS990/TotalLiabilitiesGrp/BOYAmt025161840
IRS990/TotalLiabilitiesGrp/EOYAmt024534525
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02390925
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02520076
IRS990/TotalProgramServiceExpensesAmt0163414
IRS990/TotalProgramServiceRevenueAmt045475
IRS990/TotalRevenueGrp/ExclusionAmt0185985
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0238110
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0442565
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt027552765
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt027054601
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0HTTP://WWW.OLDREDFORD.COM/CONTENT/CRS%
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MRS KARON SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02487992780
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-10-15
ReturnHeader/Filer/BusinessName/BusinessNameLine10CLOTHILDE R SMITH CHARITABLE
ReturnHeader/Filer/BusinessName/BusinessNameLine20FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0CLOT
ReturnHeader/Filer/EIN0383385961
ReturnHeader/Filer/PhoneNum02487992780
ReturnHeader/Filer/USAddress/AddressLine1022122 W MCNICHOLS RD
ReturnHeader/Filer/USAddress/City0DETROIT
ReturnHeader/Filer/USAddress/State0MI
ReturnHeader/Filer/USAddress/ZIPCode048219
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0382401965
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10TAYLOR & MORGAN CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine102302 STONEBRIDGE DR BLDG D
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0FLINT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0485325406
ReturnHeader/PreparerPersonGrp/PhoneNum08102308200
ReturnHeader/PreparerPersonGrp/PreparationDt02014-10-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS M TAYLOR
ReturnHeader/ReturnTs02014-10-24T07:12:31-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$27,054,601
Liabilities
$24,534,525
Net assets
$2,520,076
Revenue
$442,565
Expenses
$313,414
Net income
$129,151
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.9$17.2$2.65$0.67$0.61$0.06
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.6$18.0$2.59$0.64$0.48$0.16
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.1$18.7$2.43$0.52$0.46$0.06
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.7$19.4$2.37$0.39$0.40$0.00
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$22.6$20.2$2.37$0.31$0.48$0.17
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.2$20.6$2.54$0.31$0.44$0.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.9$21.2$2.67$0.62$0.29$0.33
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.4$22.0$2.34$0.44$0.27$0.16
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.8$22.6$2.18$0.42$0.36$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.5$23.3$2.11$0.45$0.43$0.02
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.1$24.0$2.09$0.38$0.50$0.12
2014Detailed filing. Detailed filing data is available for this year.$27.1$24.5$2.52$0.44$0.31$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.6$25.2$2.39$0.04$0.24$0.28
2012Summary only. Only limited summary data is available for this year.$26.4$24.5$1.81$0.01$0.24$0.22
2011Summary only. Only limited summary data is available for this year.$27.0$24.9$2.04$0.64$0.27$0.37
2010Summary only. Only limited summary data is available for this year.$19.0$17.4$1.67$0.94$0.35$0.58
2009Summary only. Only limited summary data is available for this year.$16.2$15.1$1.08$0.93$0.76$0.17