Civic Intelligence

Trinity Endowment Trust 80479 Mnbd Ttee

990 • Fiscal year 2021 • EIN 38-6476953

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 02, 2022

PO Box 75000Detroit, MI 48275-7874

(313) 222-9114

Siviq Scores

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

Liabilities / Assets

29th percentile

0.00x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

29th percentile

0.00x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

97th percentile

87%

Higher net margin than 97% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

54th percentile

$6,024

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 13.4% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

44th percentile

6.5%

Faster asset growth than 44% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

63rd percentile

29%

Faster revenue growth than 63% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$638,896

Up $38,931 (+6.5%) from 2020

Net Assets

Up

$638,896

Up $38,931 (+6.5%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$44,955

Up $10,218 (+29%) from 2020

Expenses

Up

$6,024

Up $799 (+15%) from 2020

Net Income

Up

$38,931

Up $9,419 (+32%) from 2020

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $396,508Liabilities 2010: $0Net Assets 2010: $396,5082010Assets 2011: $396,852Liabilities 2011: $0Net Assets 2011: $396,8522011Assets 2012: $408,668Liabilities 2012: $0Net Assets 2012: $408,6682012Assets 2013: $395,928Liabilities 2013: $0Net Assets 2013: $395,9282013Assets 2014: $399,947Liabilities 2014: $0Net Assets 2014: $399,9472014Assets 2015: $606,204Liabilities 2015: $0Net Assets 2015: $606,2042015Assets 2016: $569,815Liabilities 2016: $0Net Assets 2016: $569,8152016Assets 2017: $606,646Liabilities 2017: $0Net Assets 2017: $606,6462017Assets 2018: $628,229Liabilities 2018: $0Net Assets 2018: $628,2292018Assets 2019: $570,728Liabilities 2019: $0Net Assets 2019: $570,7282019Assets 2020: $599,965Liabilities 2020: $0Net Assets 2020: $599,9652020Assets 2021: $638,896Liabilities 2021: $0Net Assets 2021: $638,8962021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2021

Assets$638,896
Liabilities$0
Net Assets$638,896

Operations Trend

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

$1.0M$500K$0-$500K-$1.0MExpenses 2010: $4,3962010Revenue 2011: $15,142Expenses 2011: $14,798Net Income 2011: $3442011Expenses 2012: $5,1042012Revenue 2013: $17,984Expenses 2013: $30,724Net Income 2013: -$12,7402013Revenue 2014: $10,018Expenses 2014: $5,999Net Income 2014: $4,0192014Revenue 2015: $223,589Expenses 2015: $14,255Net Income 2015: $209,3342015Revenue 2016: $20,279Expenses 2016: $56,668Net Income 2016: -$36,3892016Revenue 2017: $42,274Expenses 2017: $5,443Net Income 2017: $36,8312017Revenue 2018: $27,638Expenses 2018: $5,848Net Income 2018: $21,7902018Revenue 2019: $47,010Expenses 2019: $105,919Net Income 2019: -$58,9092019Revenue 2020: $34,737Expenses 2020: $5,225Net Income 2020: $29,5122020Revenue 2021: $44,955Expenses 2021: $6,024Net Income 2021: $38,9312021Revenue 2022: $76,058Expenses 2022: $714,954Net Income 2022: -$638,8962022

Highlighted filing

2021

Revenue$44,955
Expenses$6,024
Net Income$38,931
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 2, 2022
Return Version
2021v4.1
Gross Receipts
$50,698
Mission and Program Overview

Mission

To distribute net income as requested to the trinity lutheran church for the purpose for which this fund was established.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$599,965$638,896▲ $38,931
Investments Other Securities$441,261$469,235▲ $27,974
Investments in Publicly Traded Securities$151,040$154,937▲ $3,897
Accounts Receivable$2,121$10,688▲ $8,567
Savings and Temporary Cash Investments$5,543$4,036▼ $1,507
Total Assets$599,965$638,896▲ $38,931
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$599,965$638,896▲ $38,931
Total Liabilities and Net Assets / Fund Balance$599,965$638,896▲ $38,931

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$79,289--
Compensation and Service Providers

Employees

NameTitleBaseTotal
-Trustee$6,024$6,024

Board Members and Trustees

NameTitle
Chris KarlePresident
Christopher KarlePresident
Richard CarolanPresident
David MassVice President
William VollmertVice President
Gary MarowskiBoard Member
Rev D Lee AndrejewskiBoard Member
Dallas KitchenEndowment Committee Member
David EberhardEndowment Committee Member
Douglas DossinEndowment Committee Member
Gary MarowskeEndowment Committee Member
Jerome TammEndowment Committee Member
Michael BellovichEndowment Committee Member
Michael PageEndowment Committee Member
Nancy IversEndowment Committee Member
Robert BenderEndowment Committee Member
Ronald PhillipsEndowment Committee Member
Ronald SteinkeEndowment Committee Member
Steve NedwickiEndowment Committee Member
Timothy SchleyEndowment Committee Member
Peter GroezingerEndowmentcommittee Member
Jerris RosenthalEndownment Committee Member
Mark Van FaussienEndownment Committee Member
Michael PageEndownment Committee Member
Suzanne KromathSecretary
Gerald BarkerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,897
Program Service Revenue
$0
Investment Income
$41,058
Other Revenue
$0
All Other Contributions
$3,897
Change in Net Assets
$38,931
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,024
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$6,024-$6,024
Total Functional Expenses$0$6,024$0$6,024
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
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
No
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 8A

This is a trust used to preserve and grow the assets set aside in trust for the financial support of the trinity lutheran church. The trustee reviews the investments and has discussion with church officials as required under the trust document.

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8B

This trust is used to preserve and grow the assets set aside in trust for the financial support of the trinity lutheran church. The trustee reviews the investments and has discussion with church officials as required under the trust document. There are no sub committees for this trust.

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

The trustee is instructed in the governing document to have prepared file all tax returns. The trustee reviews the returns prior to filing

Form 990, Page 6, Part VI, Line 19

Trustee has copies available for public inspection upon request.

Filing and Contact Details

Filer

Filer Name
Historic Trinity Endowment Trust
EIN
38-6476953
Phone
3132229114
Address
PO BOX 75000, DETROIT, MI 48275-7874

Signing Officer

Name
Matt Cleary
Title
Tr Tax Officer
Phone
3132229114
Signed
2022-08-02

Organization Details

Principal Officer
Michael Wetzel
Formed
1985
Legal Domicile
Mi
Voting Board Members
27
Independent Board Members
27
Employees
0

Preparer

Firm
Kpmg Llp
Address
60 E RIO SALADO PKWY SUITE 800, TEMPE, AZ 85281
Preparer
Bradley N Sprong
Phone
8558073423
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IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0441261
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0469235
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0151040
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0154937
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt05743
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MissionDesc0TO DISTRIBUTE NET INCOME AS REQUESTED TO THE TRINITY LUTHERAN CHURCH FOR THE PURPOSE FOR WHICH THIS FUND WAS ESTABLISHED.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0599965
IRS990/NetAssetsOrFundBalancesEOYAmt0638896
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt027631
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt027631
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt03897
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MICHAEL WETZEL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt034737
IRS990/PYOtherExpensesAmt05
IRS990/PYRevenuesLessExpensesAmt029512
IRS990/PYSalariesCompEmpBnftPaidAmt05220
IRS990/PYTotalExpensesAmt05225
IRS990/PYTotalRevenueAmt034737
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt038931
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05543
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04036
IRS990ScheduleA/DistributableAmountGrp/CYAdjNetIncomeDistributableAmt00
IRS990ScheduleA/DistributableAmountGrp/CYDistributableAsAdjustedAmt00
IRS990ScheduleA/DistributableAmountGrp/CYGreaterAdjustedMinimumAmt00
IRS990ScheduleA/DistributableAmountGrp/CYIncomeTaxImposedPYAmt00
IRS990ScheduleA/DistributableAmountGrp/CYPct85AdjustedNetIncomeAmt00
IRS990ScheduleA/DistributableAmountGrp/CYTotalMinAstDistributableAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0381381297
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd01
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0HISTORIC TRINTY LUTHERAN
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0149687
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1191648
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt248611
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt379289
IRS990ScheduleD/OtherSecuritiesGrp/Desc0COMERICA AGGREGATE BOND INDEX FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc1COMERICA LARGE CAP INDEX FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc2INTERNATIONAL EQUITY INDEX FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc3COMERICA INTERMEDIATE GOVERNMENT BO
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/TotalBookValueSecuritiesAmt0469235
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THIS IS A TRUST USED TO PRESERVE AND GROW THE ASSETS SET ASIDE IN TRUST FOR THE FINANCIAL SUPPORT OF THE TRINITY LUTHERAN CHURCH. THE TRUSTEE REVIEWS THE INVESTMENTS AND HAS DISCUSSION WITH CHURCH OFFICIALS AS REQUIRED UNDER THE TRUST DOCUMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THIS TRUST IS USED TO PRESERVE AND GROW THE ASSETS SET ASIDE IN TRUST FOR THE FINANCIAL SUPPORT OF THE TRINITY LUTHERAN CHURCH. THE TRUSTEE REVIEWS THE INVESTMENTS AND HAS DISCUSSION WITH CHURCH OFFICIALS AS REQUIRED UNDER THE TRUST DOCUMENT. THERE ARE NO SUB COMMITTEES FOR THIS TRUST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TRUSTEE IS INSTRUCTED IN THE GOVERNING DOCUMENT TO HAVE PREPARED FILE ALL TAX RETURNS. THE TRUSTEE REVIEWS THE RETURNS PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TRUSTEE HAS COPIES AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0599965
IRS990/TotalAssetsEOYAmt0638896
IRS990/TotalAssetsGrp/BOYAmt0599965
IRS990/TotalAssetsGrp/EOYAmt0638896
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03897
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06024
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt06024
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0599965
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0638896
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt06024
IRS990/TotalRevenueGrp/ExclusionAmt013427
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt027631
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt044955
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0599965

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.76$7.15$6.39
2021Detailed filing. Detailed filing data is available for this year.$6.39$0.00$6.39$0.45$0.06$0.39
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.00$0.00$6.00$0.35$0.05$0.30
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.71$0.00$5.71$0.47$1.06$0.59
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.28$0.00$6.28$0.28$0.06$0.22
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.07$0.00$6.07$0.42$0.05$0.37
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.70$0.00$5.70$0.20$0.57$0.36
2015Summary only. Only limited summary data is available for this year.$6.06$0.00$6.06$2.24$0.14$2.09
2014Summary only. Only limited summary data is available for this year.$4.00$0.00$4.00$0.10$0.06$0.04
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$3.96$0.00$3.96$0.18$0.31$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.09$0.00$4.09$0.05
2011Summary only. Only limited summary data is available for this year.$3.97$0.00$3.97$0.15$0.15$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.97$0.00$3.97$0.04