Civic Intelligence

Comerica Charitable Trust

990 • Fiscal year 2016 • EIN 65-1259308

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 07, 2017

Organization ProfileN/A
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

44th percentile

0.21x

Higher debt load relative to assets than 44% of similar nonprofits.

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

Liabilities / Revenue

83rd percentile

1.54x

Higher debt load relative to revenue than 83% of similar nonprofits.

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

Net Margin

8th percentile

-33%

Higher net margin than 8% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

15th percentile

-5.4%

Faster asset growth than 15% of similar nonprofits.

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

Revenue Growth

4th percentile

-56%

Faster revenue growth than 4% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets44th percentile

Assets

Down

$42,634,987

Down $2,443,365 (-5.4%) from 2015

Net Assets

Down

$33,693,323

Down $1,346,464 (-3.8%) from 2015

Liabilities

Down

$8,941,664

Down $1,096,901 (-11%) from 2015

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin8th percentile

Revenue

Down

$5,823,430

Down $7,346,898 (-56%) from 2015

Expenses

Down

$7,723,208

Down $3,696,557 (-32%) from 2015

Net Income

Down

-$1,899,778

Down $3,650,341 (-209%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth15th percentile

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

2016

Assets$42,634,987
Liabilities$8,941,664
Net Assets$33,693,323
Open 2016 Filing

Operations Trend

Revenue Growth4th percentile

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

2016

Revenue$5,823,430
Expenses$7,723,208
Net Income-$1,899,778
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 7, 2017
Return Version
2015v3.0
Gross Receipts
$35,055,438
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$39,765,738$36,804,954▼ $2,960,784
Cash and Non-Interest-Bearing Accounts$4,794,413$5,290,245▲ $495,832
Accounts Receivable$0$35,191▲ $35,191
Total Assets$45,078,352$42,634,987▼ $2,443,365
Other Assets Total$518,201$504,597▼ $13,604
Liabilities
Other Liabilities$10,038,565$8,933,578▼ $1,104,987
Accounts Payable and Accrued Expenses$0$8,086▲ $8,086
Total Liabilities$10,038,565$8,941,664▼ $1,096,901
Net Assets / Fund Balance
Unrestricted Net Assets$32,203,652$31,204,713▼ $998,939
Temporarily Rstr Net Assets$2,836,135$2,488,610▼ $347,525
Total Net Assets Fund Balance$35,039,787$33,693,323▼ $1,346,464
Total Liabilities and Net Assets / Fund Balance$45,078,352$42,634,987▼ $2,443,365
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
-Trustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Comerica Bank And Trust NaInvestment Management411 W LAFAYETTE MC 3420, Detroit, MI 48226$460,915
Revenue and Support

Revenue Composition

Contributions and Grants
$5,382,877
Program Service Revenue
$0
Investment Income
$121,277
Other Revenue
$319,276
All Other Contributions
$5,382,877
Change in Net Assets
$-1,899,778

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$3,843,413Fair Market Value
Total Noncash Contributions15$3,843,413-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,720,733
Revenue Not Reported on Financial Statements
$102,697
Revenue Not Reported on Form 990
$120,073
Other Revenue Adjustments
$102,697
Total Revenue per Audited Statements
$5,840,806
Total Revenue per Form 990
$5,823,430
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$7,005,300
Other Expenses$717,908
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$6,966,439--$6,966,439
Fees for Service Investment Mgmnt Fees-$460,915-$460,915
Insurance-$100,051-$100,051
Fees for Services Accounting-$74,732-$74,732
Fees for Services Legal-$49,451-$49,451
Grants to Domestic Individuals$38,861--$38,861
Fees for Services Other-$29,187-$29,187
Other Expenses-$648-$648
Total Functional Expenses$7,005,300$717,908$0$7,723,208

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,723,208
Expenses per Audited Statements$7,187,270
Total Expenses per Audited Statements$7,187,270
Expenses Not Reported on Financial Statements$535,938
Other Expense Adjustments$535,938
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
American Fund for CharitiesWilmington, DE501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$2,230,000
American Endowment FoundationHudson, OH501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$947,434
Church of the Highlands IncBirmingham, AL501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$148,500
Church of the IncarnationDallas, TX501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$142,917
National Philanthropic TrustJenkintown, PA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$140,096
Alverno CollegeMilwaukee, WI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$112,000
Agnes Scott CollegeDecatur, GA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$100,000
Auburn University FoundationAuburn, AL501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$100,000
Southern Methodist UniversityDallas, TX501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$100,000
Refuge FoundationBillings, MT501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$85,000
Detroit Zoological SocietyRoyal Oak, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$68,425
Leader Dogs for the BlindRochester Hills, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$68,425
Mayo Clinic RochesterRochester, MN501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$68,425
Memorial Sloan Kettering Cancer CenterNew York, NY501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$68,425
Olivet CollegeOlivet, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$68,425
Planned Parenthood Mid and South MichiganAnn Arbor, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$68,425
The Seeing Eye IncMorristown, NJ501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$68,425
Here I Am Orphan MinistriesBrenham, TX501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$66,750
Partners Across CulturesArlington, TX501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$61,000
University of Colorado FoundationAurora, CO501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$55,000
Hope 4 Kids International - ArizonaPhoenix, AZ501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$50,000
La Sierra UniversityRiverside, CA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$50,000
Prager University FoundationSherman Oaks, CA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$50,000
Trustees of Phillips AcademyAndover, MA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$50,000
Wayne State UniversityDetroit, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$50,000
Tyler Rose MuseumTyler, TX501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$46,000
Holy Rosary Catholic ChurchRosenberg, TX501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$45,000
St Mary's Doran FoundationGrand Rapids, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$35,000
Project Hopeful NFPWheaton, IL501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$30,000
St Paul's Episcopal ChurchJackson, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$30,000
American Martyrs SchoolManhattan Beach, CA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$25,000
Arapaho United Methodist ChurchRichardson, TX501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$25,000
Brenham Christian AcademyBrenham, TX501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$25,000
Charleston Symphony OrchestraCharleston, SC501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$25,000
Divine Savior Holy Angels High SchoolMilwaukee, WI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$25,000
Fred Hutchinson Cancer Research CenterSeattle, WA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$25,000
Muskegon Rescue MissionMuskegon, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$25,000
Operation GraduationWest Bloomfield, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$25,000
St Norbert CollegeDe Pere, WI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$25,000
The Salvation ArmyDallas, TX501(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
United Way of Jackson CountyJackson, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$25,000
North Carolina Wesleyan CollegeRocky Mount, NC501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$24,109
University of Notre DameNotre Dame, IN501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$23,250
Fidelity Investments Charitable Gift FundCovington, KY501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$23,060
College of Charleston FoundationCharleston, SC501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$22,000
Cornell UniversityIthaca, NY501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$20,500
A Contemporary Theatre IncSeattle, WA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$20,000
American Enterprise Institute for Public Policy ResearchWashington, DC501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$20,000
Anderson Center for Interdisciplinary Studies IncRed Wing, MN501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$20,000
Book It Repertory TheatreSeattle, WA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$20,000
Forsyth Dental Infirmary for ChildrenCambridge, MA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$20,000
Pigeon River Country Association IncGaylord, MI501(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
Red Wing Family YMCARed Wing, MN501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$20,000
Sharefest Community Development IncTorrance, CA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$20,000
Texas A & M FoundationCollege Station, TX501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$20,000
Walnut Way Conservation Corp Charitable OrgMilwaukee, WI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$20,000
Christ Episcopal ChurchTyler, TX501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$17,900
All Saints Episcopal SchoolTyler, TX501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$17,500
Guthrie Theater FoundationMinneapolis, MN501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$17,000
Independence Fund IncCharlotte, NC501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$16,000
Georgia Center for Child AdvocacyAtlanta, GA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$15,000
Gilman SchoolBaltimore, MD501(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
Union Gospel MissionDallas, TX501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$15,000
University at BuffaloBuffalo, NY501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$15,000
Free Bikes 4 KidzLong Lake, MN501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$14,000
UCLA FoundationLos Angeles, CA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$12,500
Washington Hebrew CongregationWashington, DC501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$11,940
Cranbrook Educational CommunityBloomfield Hills, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$11,714
Bethlehem Lutheran Church of MinneapolisMinneapolis, MN501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$11,500
American National Red CrossSanta Rosa, CA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$11,000
University of Wisconsin FoundationMadison, WI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$11,000
Acres of DiamondsDuvall, WI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Cameroon Health and Education FundRapid City, SD501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Center for Family HealthJackson, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Children's Community SchoolVan Nuys, CA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
College and Career Access Center of JacksonJackson, 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
Friends of the Sheldon Memorial AuditoriumRed Wing, MN501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Global Media OutreachPlano, TX501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Jackson Community Food PantryJackson, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Jackson Symphony Orchestra AssociationJackson, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
John George HomeJackson, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Little Bit FoundationSt Louis, MO501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Michigan Advocacy ProgramJackson, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Michigan Wildlife Habitat FoundationBath, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Next Generation Men IncAtlanta, GA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
North Carolina Central University Foundation IncDurham, NC501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Operation HomefrontSan Antonio, TX501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Park Century SchoolCulver City, CA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Proctor AcademyAndover, NH501(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
Shriners Hospitals for ChildrenTampa, FL501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Spoleta Festival USACharleston, SC501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
St John Bosco High SchoolBellflower, CA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
St John VianneyBrookfield, WI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
St Pius X ParishGrandville, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Tomche Shabbos of Rockland CountyMonsey, NY501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Trinity Presbyterian ChurchPlymouth, MI501(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
WINGS for KidsCharleston, SC501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$10,000
Georges River Land TrustRockland, ME501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$9,000
Edgecombe Community College FoundationTarboro, NC501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$8,036
Nash Community College FoundationRocky Mount, NC501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$8,036
Jackson Friendly HomeJackson, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$8,000
Northgate Community Pride FoundationWalnut Creek, CA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$8,000
Temple Beth DavidWestminster, CA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$7,750
Salvation Army Eastern Michigan DivisionSouthfield, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$7,650
Alcuin SchoolDallas, TX501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$7,500
Boys & Girls Club of Metro Atlanta IncAtlanta, GA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$7,500
Bridge FundBonita Springs, FL501(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
Mercy Home for Boys & GirlsChicago, IL501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$7,500
Nonprofit NetworkJackson, MI501(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
United Methodist Family Services of VirginiaRichmond, VA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$7,500
Family Service & Children's AidJackson, MI501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$7,000
S M Wright FoundationDallas, TX501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$6,400
Charleston Academy of MusicCharleston, SC501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$6,000
Oregon Shakespeare Festival AssociationAshland, OR501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$6,000
Michigan Technological UniversityHoughton, MISection 115To Support the Charitable Purpose of the Organization That Is Receiving the Grant$5,500
Planned Parenthood Federation of AmericaNew York, NY501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$5,500
University of North DakotaGrand Forks, NDSection 115To Support the Charitable Purpose of the Organization That Is Receiving the Grant$5,500
University of Wisconsin - MadisonMadison, WISection 115To Support the Charitable Purpose of the Organization That Is Receiving the Grant$5,500
Washington DC Jewish Community Center IncWashington, DC501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$5,500
Hirshberg Foundation for Pancreatic Cancer ResearchLos Angeles, CA501(c)(3)To Support the Charitable Purpose of the Organization That Is Receiving the Grant$5,250
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$8,459,277
Annuities Payable$474,301
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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 B, line 12C

“Members of the management oversight committee are asked to report such conflicts, if any, on an annual basis. If a conflict was disclosed and that conflict was pertinent to a voting matter, that committee member would be asked to refrain from voting. If the conflict was not pertinent to the voting matter, the committee member would be allowed to vote.”

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
2017-02-07
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 Ste 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 535,938. Contributions from donor designated funds -102,697.”

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, 2016 and 2015, there were no uncertain tax positions that required accrual.”

Part XI, Line 4B - Other Adjustments:

“Contributions from donor designated funds 102,697.”

Part XII, Line 4B - Other Adjustments:

“Grants from donor designated funds 535,938.”

Raw XML AppendixShowing 400 of 1,610 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/CashGrantAmt10768425
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IRS990ScheduleI/RecipientTable/CashGrantAmt10925000
IRS990ScheduleI/RecipientTable/CashGrantAmt11010000
IRS990ScheduleI/RecipientTable/CashGrantAmt11150000
IRS990ScheduleI/RecipientTable/CashGrantAmt11246000
IRS990ScheduleI/RecipientTable/CashGrantAmt11312500
IRS990ScheduleI/RecipientTable/CashGrantAmt11415000
IRS990ScheduleI/RecipientTable/CashGrantAmt1157500
IRS990ScheduleI/RecipientTable/CashGrantAmt11625000
IRS990ScheduleI/RecipientTable/CashGrantAmt11715000
IRS990ScheduleI/RecipientTable/CashGrantAmt11855000
IRS990ScheduleI/RecipientTable/CashGrantAmt1195500
IRS990ScheduleI/RecipientTable/CashGrantAmt12023250
IRS990ScheduleI/RecipientTable/CashGrantAmt12110000

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$42,634,987
Liabilities
$8,941,664
Net assets
$33,693,323
Revenue
$5,823,430
Expenses
$7,723,208
Net income
-$1,899,778
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
2016Detailed filing. Detailed filing data is available for this year.$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