Civic Intelligence

Comerica Charitable Trust

990 • Fiscal year 2015 • EIN 65-1259308

Jul 01, 2014 to Jun 30, 2015 • Filed on Apr 10, 2016

PO Box 75000-3420Detroit, MI 48275

(877) 405-1091

Siviq Scores

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

Liabilities / Assets

45th percentile

0.22x

Higher debt load relative to assets than 45% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

72nd percentile

0.76x

Higher debt load relative to revenue than 72% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Net Margin

71st percentile

13%

Higher net margin than 71% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

51st percentile

1.8%

Faster asset growth than 51% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

10th percentile

-24%

Faster revenue growth than 10% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Assets

Up

$45,078,352

Up $813,958 (+1.8%) from 2014

Net Assets

Up

$35,039,787

Up $1,687,660 (+5.1%) from 2014

Liabilities

Down

$10,038,565

Down $873,702 (-8.0%) from 2014

Revenue

Down

$13,170,328

Down $4,157,535 (-24%) from 2014

Expenses

Down

$11,419,765

Down $4,905,207 (-30%) from 2014

Net Income

Up

$1,750,563

Up $747,672 (+75%) from 2014

Historical Trend

Balance Sheet Trend

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

$100M$50M$0Assets 2011: $10,374,426Liabilities 2011: $1,047,021Net Assets 2011: $9,327,4052011Assets 2012: $21,653,334Liabilities 2012: $9,273,717Net Assets 2012: $12,379,6172012Assets 2013: $40,367,434Liabilities 2013: $9,878,249Net Assets 2013: $30,489,1852013Assets 2014: $44,264,394Liabilities 2014: $10,912,267Net Assets 2014: $33,352,1272014Assets 2015: $45,078,352Liabilities 2015: $10,038,565Net Assets 2015: $35,039,7872015Assets 2016: $42,634,987Liabilities 2016: $8,941,664Net Assets 2016: $33,693,3232016Assets 2017: $34,163,397Liabilities 2017: $591,512Net Assets 2017: $33,571,8852017Assets 2018: $53,265,692Liabilities 2018: $168,882Net Assets 2018: $53,096,8102018Assets 2019: $60,531,280Liabilities 2019: $260,318Net Assets 2019: $60,270,9622019Assets 2020: $67,920,360Liabilities 2020: $135,761Net Assets 2020: $67,784,5992020Assets 2021: $86,019,957Liabilities 2021: $155,400Net Assets 2021: $85,864,5572021Assets 2022: $75,789,432Liabilities 2022: $102,389Net Assets 2022: $75,687,0432022Assets 2023: $78,304,131Liabilities 2023: $93,207Net Assets 2023: $78,210,9242023Assets 2024: $84,152,209Liabilities 2024: $115,977Net Assets 2024: $84,036,2322024Assets 2025: $87,133,935Liabilities 2025: $99,650Net Assets 2025: $87,034,2852025

Highlighted filing

2015

Assets$45,078,352
Liabilities$10,038,565
Net Assets$35,039,787

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2011: $4,999,130Expenses 2011: $1,634,877Net Income 2011: $3,364,2532011Expenses 2012: $2,853,1632012Revenue 2013: $23,571,429Expenses 2013: $5,685,614Net Income 2013: $17,885,8152013Revenue 2014: $17,327,863Expenses 2014: $16,324,972Net Income 2014: $1,002,8912014Revenue 2015: $13,170,328Expenses 2015: $11,419,765Net Income 2015: $1,750,5632015Revenue 2016: $5,823,430Expenses 2016: $7,723,208Net Income 2016: -$1,899,7782016Revenue 2017: $8,963,563Expenses 2017: $18,885,366Net Income 2017: -$9,921,8032017Revenue 2018: $28,711,665Expenses 2018: $9,439,527Net Income 2018: $19,272,1382018Revenue 2019: $15,564,469Expenses 2019: $9,528,800Net Income 2019: $6,035,6692019Revenue 2020: $17,195,992Expenses 2020: $9,015,480Net Income 2020: $8,180,5122020Revenue 2021: $21,151,403Expenses 2021: $16,731,488Net Income 2021: $4,419,9152021Revenue 2022: $13,296,605Expenses 2022: $8,605,126Net Income 2022: $4,691,4792022Revenue 2023: $12,994,069Expenses 2023: $16,638,216Net Income 2023: -$3,644,1472023Revenue 2024: $10,806,039Expenses 2024: $11,232,653Net Income 2024: -$426,6142024Revenue 2025: $22,635,118Expenses 2025: $22,216,357Net Income 2025: $418,7612025

Highlighted filing

2015

Revenue$13,170,328
Expenses$11,419,765
Net Income$1,750,563
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Apr 10, 2016
Return Version
2014v6.0
Gross Receipts
$38,463,432
Mission and Program Overview

Mission

The comerica charitable trust is organized exclusively for the purpose of receiving and administering funds to make distributions to organizations which qualify as exempt organizations under internal revenue code 501(c)(3). The organization enables donors to create a charitable account that can either be a donor advised account, donor designated account, or charitable gift annuity contract. Gifts or grants made to other charities, which qualify as tax-exempt organizations, are disbursed from each account by advisement from the donor, designation of specific charities selected by the donor, or at the organization's discretion for those contributions over which it has retained variance power.

To receive and administer funds for distributions to exempt organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$38,055,418$39,765,738▲ $1,710,320
Cash and Non-Interest-Bearing Accounts$5,709,975$4,794,413▼ $915,562
Total Assets$44,264,394$45,078,352▲ $813,958
Other Assets Total$499,001$518,201▲ $19,200
Liabilities
Other Liabilities$10,912,267$10,038,565▼ $873,702
Total Liabilities$10,912,267$10,038,565▼ $873,702
Net Assets / Fund Balance
Unrestricted Net Assets$30,556,085$32,203,652▲ $1,647,567
Temporarily Rstr Net Assets$2,796,042$2,836,135▲ $40,093
Total Net Assets Fund Balance$33,352,127$35,039,787▲ $1,687,660
Total Liabilities and Net Assets / Fund Balance$44,264,394$45,078,352▲ $813,958
Compensation and Service Providers

Board Members and Trustees

NameTitle
-Trustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Comerica Bank And Trust NaInvestment Management411 W LAFAYETTE MC 3420, Detroit, MI 48226$775,148
Revenue and Support

Revenue Composition

Contributions and Grants
$10,933,923
Program Service Revenue
$0
Investment Income
$1,455,943
Other Revenue
$780,462
All Other Contributions
$10,933,923
Change in Net Assets
$1,750,563

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded15$3,305,838Fair Market Value
Total Noncash Contributions15$3,305,838-

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,170,328
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-821,022
Total Revenue per Audited Statements
$12,349,306
Total Revenue per Form 990
$13,170,328
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$10,120,742
Other Expenses$1,299,023
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$10,081,242--$10,081,242
Fees for Service Investment Mgmnt Fees-$959,003-$959,003
Fees for Services Accounting-$155,752-$155,752
Insurance-$100,000-$100,000
Fees for Services Other-$64,227-$64,227
Grants to Domestic Individuals$39,500--$39,500
Fees for Services Legal-$9,165-$9,165
Other Expenses-$130-$130
Total Functional Expenses$10,120,742$1,299,023$0$11,419,765

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$11,419,765
Expenses per Audited Statements$10,661,647
Total Expenses per Audited Statements$10,661,647
Expenses Not Reported on Financial Statements$758,118
Other Expense Adjustments$758,118
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fidelity Charitable Gift FundMinneapolis, MN501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$693,773
Williams CollegeWilliamstown, MA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$438,000
Arc of Northwest Wayne CountyRedford, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$280,885
Alverno CollegeMilwaukee, WI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$200,000
Loyola University MarylandBaltimore, MD501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$200,000
Refuge FoundationBillings, MT501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$150,000
Partners Across CulturesArlington, TX501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$140,000
Ymca of the RockiesEstes Park, CO501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$125,000
The Nightingale-banford SchoolNew York, NY501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$120,000
Wayne State University School of MedicineDetroit, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$115,490
Church of the HighlandsBirmingham, AL501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$107,000
Massachusetts General Hospital Cancer CenterBoston, MA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$105,000
Southern Methodist UniversityDallas, TX501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$105,000
St Vincent Healthcare FoundationBillings, MT501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$100,000
The Auburn University FoundationAuburn, AL501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$100,000
Trustees of Phillips AcademyAndover, MA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$100,000
Agnes Scott CollegeDecatur, GA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$90,000
American Gift FundWilmington, DE501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$79,574
BOSTON CHILDREN'S HOSPITALBoston, MA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$65,340
Fred Hutchinson Cancer Research CenterSeattle, WA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$64,000
Renaissance Charitable Foundation IncIndianapolis, IN501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$56,716
Operation GraduationWest Bloomfield, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$51,302
Charleston Symphony OrchestraCharleston, SC501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$50,000
National Youth Science Foundation IncCharleston, WV501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$50,000
St Francis Borgia ParishCedarburg, WI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$50,000
St Francis De Sales Catholic ChurchMuskegon, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$50,000
Billings Community FoundationBillings, MT501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$49,795
University of MinnesotaChaska, MN501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$40,000
Brenham Christian AcademyBrenham, TX501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$32,490
Cleveland FoundationCleveland, OH501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$31,086
The Forsyth InstituteCambridge, MA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$31,000
Brenham Christian AcademyBrenham, TX501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$30,000
North Carolina Wesleyan CollegeRocky Mountain, NC501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$30,000
Options for Children in ZambiaFoxborough, MA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$30,000
Pigeon River Country AssociationGaylord, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$30,000
Prager University FoundationSherman Oaks, CA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$30,000
SAINT MARY'S DORAN FOUNDATIONGrand Rapids, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$30,000
St John Bosco High SchoolBellflower, CA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$30,000
American Enterprise InstituteWashington, DC501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$25,000
Arizona Community FoundationPhoenix, AZ501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$25,000
Billings Central Foursquare ChurchBillings, MT501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$25,000
Book-it Repertory TheatreSeattle, WA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$25,000
CmtaGlenolden, PA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$25,000
Combined Jewish Philanthropies of Greater Boston IncBoston, MA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$25,000
Marsha Rivkin Center for Ovarian Cancer ResearchSeattle, WA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$25,000
Muskegon Covenant AcademyMuskegon, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$25,000
Saint Pius X ParishFrandville, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$25,000
Salvation ArmyAtlanta, GA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$25,000
St Norbert CollegeDepere, WI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$25,000
The Medical College of WisconsinMilwaukee, WI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$25,000
The Salvation Army Eastern Michigan DivisionSouthfield, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$25,000
Trident United WayNorth Charleston, SC501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$25,000
Gonzaga UniversitySpokane, WA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$22,500
Cafe LenaSaratoga Springs, NY501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$22,000
College of Charleston FoundationCharleston, SC501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$22,000
University of Notre DameNotre Dame, IN501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$22,000
American Martyrs SchoolManhattan Beach, CA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$21,000
American Civil Liberties Union of South CarolinaCharleston, SC501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$20,000
Columbia Theological SeminaryDecatur, GA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$20,000
Eastgate PtaBellevue, WA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$20,000
Franklin and Marshall CollegeLancaster, PA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$20,000
Michigan Wildlife ConservancyBath Township, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$20,000
Proctor AcademyAndover, NH501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$20,000
Queen of All Saints Catholic ChurchConcord, CA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$20,000
Schenectady Family Health ServicesSchenectady, NY501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$20,000
Washington National Park FundSeattle, WA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$19,000
Greenhill SchoolAddison, TX501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$17,000
Degage MinistriesGrand Rapids, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$16,509
All Saints Episcopal SchoolTyler, TX501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$15,000
Boys & Girls Club of Metro AtlantaAtlanta, GA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$15,000
Christ Episcopal ChurchTyler, TX501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$15,000
Columbia University School General StudiesNew York, NY501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$15,000
Dorot IncNew York, NY501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$15,000
Ellis Hospital FoundationSchenectady, NY501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$15,000
Guthrie Theater FoundationMinneaoplois, MN501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$15,000
Health Environmental & Learning Program HelpAnchorage, AK501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$15,000
Healthy Smiles Healthy ChildrenChicago, IL501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$15,000
Heritage UniversityToppenish, WA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$15,000
Jackie Robinson Foundation IncNew York, NY501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$15,000
Old Westbury College Foundation IncOld Westbury, NY501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$15,000
ST PAUL'S CHURCHBrooklyn, NY501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$15,000
St Ignatius of AntiochAntioch, CA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$15,000
St Phillips Episcopal ChurchBrooklyn, NY501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$15,000
Teach for AmericaNew York, NY501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$15,000
Page AheadSeattle, WA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$14,000
Rocky Mountain InstituteSnowmass, CO501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$14,000
Woodridge Elementary PtsaBellevue, WA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$13,000
Institute for Collaboration in HealthBellaire, TX501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$12,500
Gilman School IncBaltimore, MD501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$12,000
Johnson-williams Middle SchoolBerryville, VA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$12,000
Northwest HarvestSeattle, WA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$12,000
Northwest Kidney CentersSeattle, WA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$12,000
The Cranmer InstituteDallas, TX501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$12,000
University of Wisconsin FoundationMadison, WI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$11,500
Bethlehem Lutheran ChurchMinneapolis, MN501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$11,200
Mit Annual FundCambridge, MA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$11,000
Um Twin Cities Office of Student FinanceMinneapolis, MN501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$11,000
Uw Eau Claire Student Financial OfficeEau Claire, WI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$11,000
Boston Health Care for the Homeless ProgramBoston, MA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,500
Adrian College ScholarshipsAdrian, WI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Akron Public SchoolsAkron, OH501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
American Cancer SocietyFarmington, MA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Anderson CenterRed Wing, MN501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Arapaho United Methodist ChurchRichardson, TX501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Bedford Stuyvesant YmcaNew York, NY501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Bellevue Schools FoundationBellevue, WA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Boston CollegeChestnut Hill, MA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Charles H Wright Museum of African American HistoryDetroit, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Church of the IncarnationDallas, TX501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Da Blodgett-st JohnGrand Rapids, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Dominican Sisters-grand RapidsGrand Rapids, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
First Mennonite Church of DenverDenver, CO501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Fisher House Foundation IncRockville, MD501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Froedtert Hospital Foundation IncMilwaukee, WI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Global TeamsWinter Springs, FL501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Habitat for Humanity of DurhamDurham, NC501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Jdrf-greater Dallas ChapterDallas, TX501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Jewish National FundBoca Raton, FL501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Jim Mora Count on Me Family FoundationManhattan Beach, CA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Nash Community College Foundation IncRocky Mountain, NC501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Nccu FoundationDurham, NC501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
New Beginnings Animal RescueRoyal Oak, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Northfield Area Family YmcaNorthfield, MN501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Roman Catholic Archbishop of Los AngelesLos Angeles, CA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
SHRINER'S HOSPITAL FOR CHILDRENTampa, FL501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Saint Martin De Porres High SchoolCleveland, OH501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Seattle Repertory TheatreSeattle, WA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
St Barnabus Episcopal ChurchBrooklyn, NY501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
St Pauls Catholic ChurchBrooklyn, NY501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
The Salvation ArmyGrand Rapids, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
University Musical SocietyAnn Arbor, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
University of ChicagoChicago, IL501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
University of Pennsylvania - Wharton SchoolPhiladelphia, PA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
University of Washington FoundationSeattle, WA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Usc Norris Comprehensive Cancer CenterLos Angeles, CA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Whitman CollegeWalla Walla, WA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Wings for KidsCharleston, SC501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
SAINT MARY'S COLLEGENotre Dame, IN501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$9,747
Church of the Holy Cross Episcopal ChurchValle Cruis, NC501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$8,000
Laurel Highlands School DistrictUniontown, PA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$8,000
Act TheaterSeattle, WA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$7,500
Chamber Music CharlestonCharleston, SC501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$7,500
Chicago Tribune CharitiesChicago, IL501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$7,500
Mercy Home for Boys and GirlsChicago, IL501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$7,500
Next Generation Men IncAtlanta, GA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$7,500
Peppermint RidgeCorona, CA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$7,500
The Bridge FundBonita Springs, FL501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$7,500
United Methodist Family ServicesRichmond, VA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$7,500
Magnificat High SchoolRocky River, OH501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$7,000
Spoleto Festival USACharleston, SC501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$7,000
DOMESTIC ABUSE WOMEN'S NETWORK (DAWN)Tukwila, WA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$6,000
Oregon Shakespeare FestivalAshland, OH501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$6,000
St Lukes Lutheran ChurchGahanna, OH501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$6,000
Strutters Charitable FoundationTyler, TX501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$6,000
Youth Eastside ServicesBellevue, WA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$6,000
Washington Hebrew CongregationWashington, DC501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$5,665
Bridge 2 RwandaLittle Rock, AR501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$5,500
Mi Technical UniversityHoughton, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$5,500
Farmington Farmington Hills Education FoundationFarmington, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$5,268
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
Donor Designated Funds$9,281,235
Annuities Payable$586,517
Related Party Payable$170,813
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section B, Line 11

Tax return is reviewed by the management oversight committee prior to being filed.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Comerica Charitable Trust
EIN
65-1259308
Phone
8774051091
Address
PO BOX 75000-3420, DETROIT, MI 48275

Signing Officer

Name
Rachel Gulledge
Title
Vice President
Phone
8774051091
Signed
2016-04-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rachel Gulledge
Formed
2005
Legal Domicile
Mi
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Plante & Moran Pllc
Address
2601 CAMBRIDGE CT SUITE 500, AUBURN HILLS, MI 48326
Preparer
Lynne M Huismann
Phone
2483757100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Grants from donor designated funds 758,119.

FORM 990, PART XII, LINE 2C:

There were no changes in oversight of the selection of an independent accountant from the prior year.

Financial Statement Notes

PART X, LINE 2:

Asc guidance regarding accounting for uncertainty in income taxes clarifies the accounting for income taxes by prescribing the minimum recognition threshold income tax position is required to meet before being recognized in the financial statements and applies to all income tax positions. Each income tax position is assessed using a two step process. A determination is first made as to whether it is more likely than not that the income tax position will be sustained, based upon technical merits, upon examination by the taxing authorities. If the income tax position is expected to meet the more likely than not criteria, the benefit recorded in the financial statements equals the largest amount that is greater than 50% likely to be realized upon its ultimate settlement. At june 30, 2015 and 2014, there were no uncertain tax positions that required accrual.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Grants from donor designated funds 758,118.

Raw XML AppendixShowing 400 of 1,847 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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IRS990ScheduleI/RecipientTable/CashGrantAmt6215000
IRS990ScheduleI/RecipientTable/CashGrantAmt6315000
IRS990ScheduleI/RecipientTable/CashGrantAmt6415000
IRS990ScheduleI/RecipientTable/CashGrantAmt6512500
IRS990ScheduleI/RecipientTable/CashGrantAmt6615000
IRS990ScheduleI/RecipientTable/CashGrantAmt6710000
IRS990ScheduleI/RecipientTable/CashGrantAmt6810000
IRS990ScheduleI/RecipientTable/CashGrantAmt6910000
IRS990ScheduleI/RecipientTable/CashGrantAmt7012000
IRS990ScheduleI/RecipientTable/CashGrantAmt718000
IRS990ScheduleI/RecipientTable/CashGrantAmt72200000
IRS990ScheduleI/RecipientTable/CashGrantAmt737000
IRS990ScheduleI/RecipientTable/CashGrantAmt7425000
IRS990ScheduleI/RecipientTable/CashGrantAmt75105000
IRS990ScheduleI/RecipientTable/CashGrantAmt767500
IRS990ScheduleI/RecipientTable/CashGrantAmt775500
IRS990ScheduleI/RecipientTable/CashGrantAmt7820000
IRS990ScheduleI/RecipientTable/CashGrantAmt7911000
IRS990ScheduleI/RecipientTable/CashGrantAmt8025000
IRS990ScheduleI/RecipientTable/CashGrantAmt8110000
IRS990ScheduleI/RecipientTable/CashGrantAmt8250000
IRS990ScheduleI/RecipientTable/CashGrantAmt8310000
IRS990ScheduleI/RecipientTable/CashGrantAmt8410000
IRS990ScheduleI/RecipientTable/CashGrantAmt857500
IRS990ScheduleI/RecipientTable/CashGrantAmt8630000
IRS990ScheduleI/RecipientTable/CashGrantAmt8710000
IRS990ScheduleI/RecipientTable/CashGrantAmt8812000
IRS990ScheduleI/RecipientTable/CashGrantAmt8912000
IRS990ScheduleI/RecipientTable/CashGrantAmt9015000
IRS990ScheduleI/RecipientTable/CashGrantAmt9151302
IRS990ScheduleI/RecipientTable/CashGrantAmt9230000
IRS990ScheduleI/RecipientTable/CashGrantAmt936000
IRS990ScheduleI/RecipientTable/CashGrantAmt9414000
IRS990ScheduleI/RecipientTable/CashGrantAmt95140000
IRS990ScheduleI/RecipientTable/CashGrantAmt967500
IRS990ScheduleI/RecipientTable/CashGrantAmt9730000
IRS990ScheduleI/RecipientTable/CashGrantAmt9830000
IRS990ScheduleI/RecipientTable/CashGrantAmt9920000
IRS990ScheduleI/RecipientTable/CashGrantAmt10020000
IRS990ScheduleI/RecipientTable/CashGrantAmt101150000
IRS990ScheduleI/RecipientTable/CashGrantAmt10256716
IRS990ScheduleI/RecipientTable/CashGrantAmt10314000
IRS990ScheduleI/RecipientTable/CashGrantAmt10410000
IRS990ScheduleI/RecipientTable/CashGrantAmt10510000
IRS990ScheduleI/RecipientTable/CashGrantAmt1069747
IRS990ScheduleI/RecipientTable/CashGrantAmt10730000
IRS990ScheduleI/RecipientTable/CashGrantAmt10825000
IRS990ScheduleI/RecipientTable/CashGrantAmt10925000
IRS990ScheduleI/RecipientTable/CashGrantAmt11020000
IRS990ScheduleI/RecipientTable/CashGrantAmt11110000
IRS990ScheduleI/RecipientTable/CashGrantAmt11210000
IRS990ScheduleI/RecipientTable/CashGrantAmt113105000
IRS990ScheduleI/RecipientTable/CashGrantAmt1147000
IRS990ScheduleI/RecipientTable/CashGrantAmt1156000
IRS990ScheduleI/RecipientTable/CashGrantAmt11610000
IRS990ScheduleI/RecipientTable/CashGrantAmt11750000
IRS990ScheduleI/RecipientTable/CashGrantAmt11850000
IRS990ScheduleI/RecipientTable/CashGrantAmt11915000
IRS990ScheduleI/RecipientTable/CashGrantAmt12030000
IRS990ScheduleI/RecipientTable/CashGrantAmt12125000
IRS990ScheduleI/RecipientTable/CashGrantAmt12210000
IRS990ScheduleI/RecipientTable/CashGrantAmt12315000
IRS990ScheduleI/RecipientTable/CashGrantAmt12415000
IRS990ScheduleI/RecipientTable/CashGrantAmt125100000
IRS990ScheduleI/RecipientTable/CashGrantAmt1266000
IRS990ScheduleI/RecipientTable/CashGrantAmt12715000
IRS990ScheduleI/RecipientTable/CashGrantAmt128100000
IRS990ScheduleI/RecipientTable/CashGrantAmt1297500

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$87.1$0.10$87.0$22.6$22.2$0.42
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$84.2$0.12$84.0$10.8$11.2$0.43
2023Summary only. Only limited summary data is available for this year.$78.3$0.09$78.2$13.0$16.6$3.64
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$75.8$0.10$75.7$13.3$8.61$4.69
2021Summary only. Only limited summary data is available for this year.$86.0$0.16$85.9$21.2$16.7$4.42
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$67.9$0.14$67.8$17.2$9.02$8.18
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.5$0.26$60.3$15.6$9.53$6.04
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.3$0.17$53.1$28.7$9.44$19.3
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.2$0.59$33.6$8.96$18.9$9.92
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.6$8.94$33.7$5.82$7.72$1.90
2015Detailed filing. Detailed filing data is available for this year.$45.1$10.0$35.0$13.2$11.4$1.75
2014Detailed filing. Detailed filing data is available for this year.$44.3$10.9$33.4$17.3$16.3$1.00
2013Summary only. Only limited summary data is available for this year.$40.4$9.88$30.5$23.6$5.69$17.9
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.7$9.27$12.4$2.85
2011Summary only. Only limited summary data is available for this year.$10.4$1.05$9.33$5.00$1.63$3.36