Civic Intelligence

Clothilde R Smith Charitable Foundation

990 • Fiscal year 2016 • EIN 38-3385961

Jul 01, 2015 to Jun 30, 2016 • Filed on Dec 02, 2016

Organization ProfileWWW.OLDREDFORD.COM/CONTENT/CRS%
18470 W 10 Mile Rd 100Southfield, MI 48075

(248) 799-2780

Siviq Scores

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

Liabilities / Assets

90th percentile

0.92x

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

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

99th percentile

51.73x

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

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

60th percentile

4.9%

Higher net margin than 60% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

25th percentile

-2.6%

Faster asset growth than 25% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

81st percentile

19%

Faster revenue growth than 81% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$25,457,312

Down $676,520 (-2.6%) from 2015

Net Assets

Up

$2,108,833

Up $22,032 (+1.1%) from 2015

Liabilities

Down

$23,348,479

Down $698,552 (-2.9%) from 2015

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin60th percentile

Revenue

Up

$451,338

Up $72,213 (+19%) from 2015

Expenses

Down

$429,306

Down $73,978 (-15%) from 2015

Net Income

Up

$22,032

Up $146,191 (+118%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth25th 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

2016

Assets$25,457,312
Liabilities$23,348,479
Net Assets$2,108,833
Open 2016 Filing

Operations Trend

Revenue Growth81st percentile

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

2016

Revenue$451,338
Expenses$429,306
Net Income$22,032
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Dec 2, 2016
Return Version
2015v2.1
Gross Receipts
$2,689,924
Mission and Program Overview

Mission

Support of public schools

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$22,574,656$21,748,531▼ $826,125
Savings and Temporary Cash Investments$2,982,818$3,046,837▲ $64,019
Cash and Non-Interest-Bearing Accounts$558,028$626,036▲ $68,008
Prepaid Expenses and Deferred Charges-$20,000-
Accounts Receivable$18,330$15,908▼ $2,422
Total Assets$26,133,832$25,457,312▼ $676,520
Liabilities
Other Liabilities$23,831,744$23,234,521▼ $597,223
Accounts Payable and Accrued Expenses$215,287$113,958▼ $101,329
Total Liabilities$24,047,031$23,348,479▼ $698,552
Net Assets / Fund Balance
Unrestricted Net Assets$2,086,801$2,108,833▲ $22,032
Total Net Assets Fund Balance$2,086,801$2,108,833▲ $22,032
Total Liabilities and Net Assets / Fund Balance$26,133,832$25,457,312▼ $676,520

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$20,350,159$5,700,039$26,050,198
Land$1,122,608-$1,122,608
Leasehold Improvements$214,161$78,427$292,588
Buildings$61,603$2,464$64,067
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$21,324
Investment Income
$899
Other Revenue
$429,115
Change in Net Assets
$22,032

Audited Revenue Reconciliation

Revenue per Audited Statements
$451,338
Total Revenue per Audited Statements
$451,338
Total Revenue per Form 990
$451,338
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$429,306
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$41,466$5,073-$46,539
Insurance$30,607--$30,607
Fees for Services Legal$21,295--$21,295
Other Expenses$17,867$10,000-$17,867
Occupancy$2,350--$2,350
Total Functional Expenses$264,233$165,073$0$429,306

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$429,306
Total Expenses per Audited Statements$429,306
Total Expenses per Form 990$429,306
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-SpouseLease RevenueNo$2,348,325
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Bonds Payable$22,690,000
Line of Credit$544,521
N/p-bus 4-
N/p-six Plex-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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

“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

Filer Name
Clothilde R Smith Charitable
EIN
38-3385961
Phone
2487992780
Address
18470 W 10 MILE RD 100, SOUTHFIELD, MI 48075

Signing Officer

Name
Scott Smith
Title
Secretary
Phone
3135432790
Signed
2016-12-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Raymond Smith
Formed
1997
Legal Domicile
Mi
Voting Board Members
4
Independent Board Members
0
Employees
0

Preparer

Firm
Taylor & Morgan CPA Pc
Address
2302 STONEBRIDGE DR BLDG D, FLINT, MI 48532-5406
Preparer
Thomas M Taylor
Phone
8102308200
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Contract labor 14,714 0 0 bank service charges 13,710 0 0 property taxes 7,916 0 0 fines and penalties 0 5,073 0 maintenance & repairs 3,832 0 0 licenses 1,294 0 0”

Raw XML Appendix336 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.

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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt02348325
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0LEASE REVENUE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RAYMOND 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 14,714 0 0 BANK SERVICE CHARGES 13,710 0 0 PROPERTY TAXES 7,916 0 0 FINES AND PENALTIES 0 5,073 0 MAINTENANCE & REPAIRS 3,832 0 0 LICENSES 1,294 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/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0264233
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IRS990/TotalProgramServiceExpensesAmt0264233
IRS990/TotalProgramServiceRevenueAmt021324
IRS990/TotalRevenueGrp/ExclusionAmt0197135
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0254203
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0451338
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IRS990/WebsiteAddressTxt0HTTP://WWW.OLDREDFORD.COM/CONTENT/CRS%
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SCOTT SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum03135432790
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-12-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CLOTHILDE R SMITH CHARITABLE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0CLOT
ReturnHeader/Filer/EIN0383385961
ReturnHeader/Filer/PhoneNum02487992780
ReturnHeader/Filer/USAddress/AddressLine1Txt018470 W 10 MILE RD 100
ReturnHeader/Filer/USAddress/CityNm0SOUTHFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TAYLOR & MORGAN CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02302 STONEBRIDGE DR BLDG D
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FLINT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0485325406
ReturnHeader/PreparerPersonGrp/PhoneNum08102308200
ReturnHeader/PreparerPersonGrp/PreparationDt02016-12-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS M TAYLOR
ReturnHeader/ReturnTs02016-12-15T09:31:41-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,457,312
Liabilities
$23,348,479
Net assets
$2,108,833
Revenue
$451,338
Expenses
$429,306
Net income
$22,032
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
2016Detailed filing. Detailed filing data is available for this year.$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
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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