Civic Intelligence

The Clearing Endowment Trust

EIN 39-6693988 • 501(c)3 • Ellison Bay, WI

Profile

To support the clearing and its purposes

PO Box 65Ellison Bay, WI 54210

www.theclearing.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

47th percentile

0.05x

Higher debt load relative to assets than 47% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

1.75x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

3rd percentile

-126%

Higher net margin than 3% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

54th percentile

5.3%

Faster asset growth than 54% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

71st percentile

23%

Faster revenue growth than 71% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$3,570,306

Up $178,716 (+5.3%) from 2023

Liabilities

Up

$186,478

Up $15,475 (+9.0%) from 2023

Net Assets

Up

$3,383,828

Up $163,241 (+5.1%) from 2023

Operations
Liabilities / Revenue92nd percentileNet Margin3rd percentile

Revenue

Up

$106,319

Up $19,732 (+23%) from 2023

Expenses

Up

$240,566

Up $50,566 (+27%) from 2023

Net Income

Down

-$134,247

Down $30,834 (-30%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth54th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,561,571Liabilities 2011: $35,774Net Assets 2011: $1,525,7972011Assets 2012: $1,676,671Liabilities 2012: $39,158Net Assets 2012: $1,637,5132012Assets 2013: $1,967,996Liabilities 2013: $92,256Net Assets 2013: $1,875,7402013Assets 2014: $2,088,305Liabilities 2014: $117,135Net Assets 2014: $1,971,1702014Assets 2015: $2,046,606Liabilities 2015: $44,697Net Assets 2015: $2,001,9092015Assets 2016: $2,245,722Liabilities 2016: $84,360Net Assets 2016: $2,161,3622016Assets 2017: $2,721,878Liabilities 2017: $177,855Net Assets 2017: $2,544,0232017Assets 2018: $2,614,000Liabilities 2018: $57,575Net Assets 2018: $2,556,4252018Assets 2019: $3,248,626Liabilities 2019: $139,360Net Assets 2019: $3,109,2662019Assets 2020: $3,443,246Liabilities 2020: $239,800Net Assets 2020: $3,203,4462020Assets 2021: $3,826,771Liabilities 2021: $285,000Net Assets 2021: $3,541,7712021Assets 2022: $3,023,803Liabilities 2022: $47,708Net Assets 2022: $2,976,0952022Assets 2023: $3,391,590Liabilities 2023: $171,003Net Assets 2023: $3,220,5872023Assets 2024: $3,570,306Liabilities 2024: $186,478Net Assets 2024: $3,383,8282024

Highlighted filing

2024

Assets$3,570,306
Liabilities$186,478
Net Assets$3,383,828
Open 2024 Filing

Operations Trend

Revenue Growth71st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $40,429Expenses 2011: $36,066Net Income 2011: $4,3632011Revenue 2012: $81,357Expenses 2012: $45,261Net Income 2012: $36,0962012Revenue 2013: $155,314Expenses 2013: $117,586Net Income 2013: $37,7282013Revenue 2014: $158,972Expenses 2014: $120,000Net Income 2014: $38,9722014Revenue 2015: $203,816Expenses 2015: $50,600Net Income 2015: $153,2162015Revenue 2016: $130,318Expenses 2016: $93,000Net Income 2016: $37,3182016Revenue 2017: $370,711Expenses 2017: $156,000Net Income 2017: $214,7112017Revenue 2018: $401,095Expenses 2018: $67,600Net Income 2018: $333,4952018Revenue 2019: $251,763Expenses 2019: $140,500Net Income 2019: $111,2632019Revenue 2020: $254,564Expenses 2020: $240,000Net Income 2020: $14,5642020Revenue 2021: $325,438Expenses 2021: $285,000Net Income 2021: $40,4382021Revenue 2022: $248,701Expenses 2022: $62,500Net Income 2022: $186,2012022Revenue 2023: $86,587Expenses 2023: $190,000Net Income 2023: -$103,4132023Revenue 2024: $106,319Expenses 2024: $240,566Net Income 2024: -$134,2472024

Highlighted filing

2024

Revenue$106,319
Expenses$240,566
Net Income-$134,247
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$3,570,306
Liabilities
$186,478
Net assets
$3,383,828
Revenue
$106,319
Expenses
$240,566
Net income
-$134,247
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.57$0.19$3.38$0.11$0.24$0.13
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.39$0.17$3.22$0.09$0.19$0.10
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.02$0.05$2.98$0.25$0.06$0.19
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.83$0.29$3.54$0.33$0.29$0.04
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.44$0.24$3.20$0.25$0.24$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.25$0.14$3.11$0.25$0.14$0.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.61$0.06$2.56$0.40$0.07$0.33
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.72$0.18$2.54$0.37$0.16$0.21
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.25$0.08$2.16$0.13$0.09$0.04
2015Detailed filing. Detailed filing data is available for this year.$2.05$0.04$2.00$0.20$0.05$0.15
2014Detailed filing. Detailed filing data is available for this year.$2.09$0.12$1.97$0.16$0.12$0.04
2013Detailed filing. Detailed filing data is available for this year.$1.97$0.09$1.88$0.16$0.12$0.04
2012Summary only. Only limited summary data is available for this year.$1.68$0.04$1.64$0.08$0.05$0.04
2011Summary only. Only limited summary data is available for this year.$1.56$0.04$1.53$0.04$0.04$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$106,319
Mission and Program Overview

Mission

To support the clearing and its purposes

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,390,288$3,568,996▲ $178,708
Cash and Non-Interest-Bearing Accounts$1,302$1,310▲ $8
Total Assets$3,391,590$3,570,306▲ $178,716
Liabilities
Other Liabilities$171,003$186,478▲ $15,475
Total Liabilities$171,003$186,478▲ $15,475
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,738,049$2,901,290▲ $163,241
Net Assets Without Donor Restrictions$482,538$482,538→ $0
Total Net Assets Fund Balance$3,220,587$3,383,828▲ $163,241
Total Liabilities and Net Assets / Fund Balance$3,391,590$3,570,306▲ $178,716

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$3,220,586$19,525▲ $368,716-$3,383,827
2023$2,976,094$4,205▲ $430,287-$3,220,586
2022$3,542,770$14,792▼ $518,968-$2,976,094
2021$3,203,446$16,405▲ $607,919-$3,542,770
2020$3,109,266$1,090▲ $333,090-$3,203,446
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Mike GilsonChairman (as of 02/2024)
Bob KimbellChairman (until 02/2024)
Jim BlairDirector
Ron HupeDirector
Stefan PetersDirector
Tom AltDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$19,525
Program Service Revenue
$0
Investment Income
$86,794
Other Revenue
$0
All Other Contributions
$19,525
Change in Net Assets
$-134,247
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$225,000
Other Expenses$15,566
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$225,000--$225,000
Fees for Service Investment Mgmnt Fees-$15,566-$15,566
Total Functional Expenses$225,000$15,566$0$240,566
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The ClearingEllison Bay, WI501(c)(3)General Operations Expenses$225,000
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
Due to the Clearing$186,478
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“As the clearing endowment trust ("trust") is a section 509(a)(3) supporting organization to the clearing as indicated on schedule a, the board of directors of the clearing elects and appoints the board of trustees of the trust. The board of trustees consists of five individuals, three from the clearing's board of directors and two members of the clearing who are not directors of the clearing.”

Form 990, Part VI, Section A, Line 7B

“The board of trustees shall at least once each year seek advice of the clearing regarding the trust's investment policies, the timing of, and manner of making its grants, and the most beneficial manner of using the income or assets of the trust for the support and benefit of the clearing. Any trustee may be removed from office by action of a majority of trustees in office, subject to the consent of the clearing's board of directors, or independently by the clearing's board of directors.”

Form 990, Part VI, Section B, Line 11B

“The organization reviewed the tax return for accuracy and completeness prior to submission to the taxing authority.”

Form 990, Part VI, Section C, Line 19

“All governing documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Clearing Endowment Trust
EIN
39-6693988
Phone
9208544088
Address
PO BOX 65, ELLISON BAY, WI 54210

Signing Officer

Name
Mike Gilson
Title
Chairman
Phone
9208544088
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Gilson
Formed
1998
Legal Domicile
Wi
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Baker Tilly Advisory Group Lp
Address
790 N WATER ST SUITE 2000, MILWAUKEE, WI 53202
Preparer
Troy Marine
Phone
4147775500
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“The endowment fund is held for the purposes of providing support to the clearing and certain amounts of the annual income generated from the fund are distributed to the clearing to support its functions, consistent with the clearing endowment trust's mission and purpose.”

PART X, LINE 2:

“The organizations have received notification that they qualify as tax-exempt organizations under section 501(c)(3) of the u.s. Internal revenue code and corresponding provisions of state law and, accordingly, are not subject to federal or state income taxes. However, income from certain activities not directly related to the organizations' tax-exempt purpose is subject to taxation as unrelated business income. In 2024 and 2023, the tax expense on unrelated business income was not material. It is the organizations' policy to recognize interest and penalties related to uncertain tax positions in income tax expense. With few exceptions, the organizations are no longer subject to u.s. Federal or state income tax examinations by tax authorities for the years before 2021 (2020 for the state of wisconsin). The organizations are not currently under examination by any taxing jurisdiction.”

Raw XML AppendixShowing 400 of 410 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
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
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IRS990/AllOtherContributionsAmt019525
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0TAMARA MUSIEL
IRS990/BooksInCareOfDetail/PhoneNum09208544088
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt012171 GARRETT BAY ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0ELLISON BAY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd054210
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt01302
IRS990/CashNonInterestBearingGrp/EOYAmt01310
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt019525
IRS990/CYGrantsAndSimilarPaidAmt0225000
IRS990/CYInvestmentIncomeAmt086794
IRS990/CYOtherExpensesAmt015566
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-134247
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0240566
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0106319
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0PAYMENTS MADE TO THE CLEARING FOR SUPPORT OF ITS PURPOSES
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt02738049
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt02901290
IRS990/DonorRstrOrQuasiEndowmentsInd01
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0225000
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt015566
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt015566
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0MIKE GILSON
IRS990/Form990PartVIISectionAGrp/PersonNm1BOB KIMBELL
IRS990/Form990PartVIISectionAGrp/PersonNm2JIM BLAIR
IRS990/Form990PartVIISectionAGrp/PersonNm3RON HUPE
IRS990/Form990PartVIISectionAGrp/PersonNm4STEFAN PETERS
IRS990/Form990PartVIISectionAGrp/PersonNm5TOM ALT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN (AS OF 02/2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN (UNTIL 02/2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt0225000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0225000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0225000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0106319
IRS990/GroupReturnForAffiliatesInd00
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IRS990/IndependentAuditFinclStmtInd00
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InvestmentInJointVentureInd00
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IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03220587
IRS990/NetAssetsOrFundBalancesEOYAmt03383828
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
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IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt086587
IRS990/QuidProQuoContributionsInd00
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IRS990/RegularMonitoringEnfrcInd00
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IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
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IRS990/RevenueAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
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IRS990ScheduleA/MajorityDirTrstSupportedOrgInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0396075633
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0225000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0THE CLEARING
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt0225000
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.14260
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt03220586
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt019525
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt03383827
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0225000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0368716
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02976094
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt04205
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt03220586
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0190000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0430287
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt03542770
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt014792
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02976094
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt062500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-518968
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt03203446
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt016405
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt03542770
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0285000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0607919
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt03109266
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt01090
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt03203446
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0240000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0333090
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0186478
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO THE CLEARING
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.51167
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT FUND IS HELD FOR THE PURPOSES OF PROVIDING SUPPORT TO THE CLEARING AND CERTAIN AMOUNTS OF THE ANNUAL INCOME GENERATED FROM THE FUND ARE DISTRIBUTED TO THE CLEARING TO SUPPORT ITS FUNCTIONS, CONSISTENT WITH THE CLEARING ENDOWMENT TRUST'S MISSION AND PURPOSE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATIONS HAVE RECEIVED NOTIFICATION THAT THEY QUALIFY AS TAX-EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND CORRESPONDING PROVISIONS OF STATE LAW AND, ACCORDINGLY, ARE NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATIONS' TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN 2024 AND 2023, THE TAX EXPENSE ON UNRELATED BUSINESS INCOME WAS NOT MATERIAL. IT IS THE ORGANIZATIONS' POLICY TO RECOGNIZE INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS IN INCOME TAX EXPENSE. WITH FEW EXCEPTIONS, THE ORGANIZATIONS ARE NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEARS BEFORE 2021 (2020 FOR THE STATE OF WISCONSIN). THE ORGANIZATIONS ARE NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.34573
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt0186478
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0225000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL OPERATIONS EXPENSES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0THE CLEARING
IRS990ScheduleI/RecipientTable/RecipientEIN0396075633
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 65
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ELLISON BAY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd054210
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION TRACKS THE USE OF THE FUNDS AWARDED. AMOUNTS USED AND UNUSED ARE TRACKED ANNUALLY AND JUSTIFIED AT FISCAL YEAR END.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AS THE CLEARING ENDOWMENT TRUST ("TRUST") IS A SECTION 509(A)(3) SUPPORTING ORGANIZATION TO THE CLEARING AS INDICATED ON SCHEDULE A, THE BOARD OF DIRECTORS OF THE CLEARING ELECTS AND APPOINTS THE BOARD OF TRUSTEES OF THE TRUST. THE BOARD OF TRUSTEES CONSISTS OF FIVE INDIVIDUALS, THREE FROM THE CLEARING'S BOARD OF DIRECTORS AND TWO MEMBERS OF THE CLEARING WHO ARE NOT DIRECTORS OF THE CLEARING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF TRUSTEES SHALL AT LEAST ONCE EACH YEAR SEEK ADVICE OF THE CLEARING REGARDING THE TRUST'S INVESTMENT POLICIES, THE TIMING OF, AND MANNER OF MAKING ITS GRANTS, AND THE MOST BENEFICIAL MANNER OF USING THE INCOME OR ASSETS OF THE TRUST FOR THE SUPPORT AND BENEFIT OF THE CLEARING. ANY TRUSTEE MAY BE REMOVED FROM OFFICE BY ACTION OF A MAJORITY OF TRUSTEES IN OFFICE, SUBJECT TO THE CONSENT OF THE CLEARING'S BOARD OF DIRECTORS, OR INDEPENDENTLY BY THE CLEARING'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REVIEWED THE TAX RETURN FOR ACCURACY AND COMPLETENESS PRIOR TO SUBMISSION TO THE TAXING AUTHORITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE CLEARING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0396075633
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SCHOOL OFFERING CLASSES IN THE ARTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 65
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ELLISON BAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd054210
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03391590
IRS990/TotalAssetsEOYAmt03570306
IRS990/TotalAssetsGrp/BOYAmt03391590
IRS990/TotalAssetsGrp/EOYAmt03570306
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt019525
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt015566
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0225000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0240566
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0171003
IRS990/TotalLiabilitiesEOYAmt0186478
IRS990/TotalLiabilitiesGrp/BOYAmt0171003
IRS990/TotalLiabilitiesGrp/EOYAmt0186478
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03220587
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03383828
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0225000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt086794
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0106319
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03391590
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03570306
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 65
IRS990/USAddress/CityNm0ELLISON BAY
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd054210
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.THECLEARING.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MIKE GILSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum09208544088
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE CLEARING ENDOWMENT TRUST
ReturnHeader/Filer/BusinessNameControlTxt0CLEA
ReturnHeader/Filer/EIN0396693988
ReturnHeader/Filer/PhoneNum09208544088
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 65
ReturnHeader/Filer/USAddress/CityNm0ELLISON BAY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd054210
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390859910
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BAKER TILLY ADVISORY GROUP LP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0790 N WATER ST SUITE 2000
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MILWAUKEE

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