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Clothilde R Smith Charitable Foundation FY2022 filing

Tax-deductible

Southfield, MI501(c)(3)Foundations & GrantmakersEIN 38-3385961Revenue $394K in FY2022

On file with the IRSoldredford.com/content/crs%18470 W Ten Mile Road, 48075-2600 · Southfield, MITax-exempt since Jan 2014Publicly supported — 509(a)(2)

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Support of public schools

501(c)(3) charity; gifts are tax-deductible.
31¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $4K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
31%
of spending
Concern: 31% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
128 mo
of spending, in cash
Looks good: 127.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$19.4M
89% of total assets
Concern: liabilities are 89% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$394K
+29% vs prior year
Spent
$398K
To programs
31%
Net assets
$2.4M
By yearFY2020–FY2025
Revenue
$394K
FY2022▲ +29%
Tap a bar for its year
Revenue by fiscal year
FY2020$313K
FY2021$305K
FY2022$394K
FY2023$524K
FY2024$642K
FY2025$673K
Expenses
$398K
FY2022▼ -17%
Tap a bar for its year
Expenses by fiscal year
FY2020$443K
FY2021$477K
FY2022$398K
FY2023$459K
FY2024$484K
FY2025$615K
Net assets
$2.4M
FY2022-0.2%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.5M
FY2021$2.4M
FY2022$2.4M
FY2023$2.4M
FY2024$2.6M
FY2025$2.7M

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Revoked Nov 2011, reinstated. IRS ruling Jan 2014, per the IRS master file. Latest filing on record: FY2025. IRS ruling in Jan 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

31 cents of each dollar spent went to programs.

Program services 31% · $122K Management & general 69% · $276K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Karon Smith
Treasurer
$0Pt VII · Sec A
Melvin Smith
President
$0Pt VII · Sec A
See Clothilde R Smith Charitable Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Clothilde R Smith Charitable Foundation is a public foundation based in Southfield, MI.

Provided by the organization

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1 program · $122K · in their own filed words · FY2021
01

Provided facilities and support services for public schools in detroit, mi

$122Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$394K
Ln 12
Other incomeLn 4–11$382K
Investment incomeLn 3$12K
Money outPt IX
$398K
Ln 25
Programscol B$122K
Managementcol C$276K
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$4.2M
Total assetsLn 16$21.7M
LiabilitiesLn 26$19.4M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$12K
Other incomeLn 4–11$382K
Gains on assetsLn 7$11K
Total revenueLn 12$394K
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$3.1M
Cash and savings togetherLn 1–2$4.2M
Land, buildings, equipmentLn 10c$17.5M
Total assetsLn 16$21.7M
LiabilitiesLn 26$19.4M
Net assetsLn 32$2.4M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$4.4M$4.2M
Land, buildings, equipmentLn 10c$18.2M$17.5M
Total assetsLn 16$22.6M$21.7M
LiabilitiesLn 26$20.2M$19.4M
Net assetsLn 32$2.4M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$276K$276K
Legal feesLn 11b$12K$12K
OccupancyLn 16$27K$27K
InsuranceLn 23$30K$30K
Other expenses (24a–d)Ln 24$50K$50K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$398K$122K$276K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $673K$615K$59K$2.7M 990 PDF
FY2024 $642K$484K$158K$2.6M 990 PDF
FY2023 $524K$459K$65K$2.4M 990 PDF
FY2022 Viewing $394K$398K−$4K$2.4M 990 PDF
FY2021 $305K$477K−$172K$2.4M 990 PDF
FY2020 $313K$443K−$130K$2.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $394,061 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $750$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $1,787$11,784
I-11 Other revenuePrior year $302,561$382,277
I-12 Total revenuePrior year $305,098$394,061
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $476,867$397,798
I-18 Total expensesPrior year $476,867$397,798
I-19 Revenue less expensesPrior year −$171,769−$3,737
Part VI · Governance 4 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $394,061 across 5 lines filed
VIII-3 Investment incomeRelated to mission $784$784
VIII-6 Net rental income or lossRelated to mission $190,177$190,177
VIII-7 Net gain or loss on sales of assetsRelated to mission $11,000$11,000
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $192,100$192,100
VIII-12 Total revenueRelated to mission $394,061$394,061
Part IX · Statement of functional expenses $397,798 across 6 lines filed
IX-11a Management feesManagement $276,000$276,000
IX-11b Legal feesPrograms $11,786$11,786
IX-16 OccupancyPrograms $27,038$27,038
IX-23 InsurancePrograms $30,160$30,160
IX-24 Other expenses (24a–d)Programs $49,559$49,559
IX-24e All other expensesPrograms $3,255$3,255
IX-25 Total functional expensesPrograms $121,798 · Management $276,000 · Fundraising $0$397,798
Part X · Balance sheet $21,744,964 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,275,167$1,103,394
X-2 Savings and temporary cash investmentsStart of year $3,102,871$3,121,582
X-4 Accounts receivableStart of year $15,638$10,207
X-9 Prepaid expenses and deferred charges$10,000
X-10c Land, buildings and equipment, netStart of year $18,181,235$17,499,781
X-16 Total assetsStart of year $22,574,911$21,744,964
X-17 Accounts payable and accrued expensesStart of year $101,086$101,062
X-25 Other liabilitiesStart of year $20,101,362$19,275,000
X-26 Total liabilitiesStart of year $20,202,448$19,376,062
X-27 Net assets without donor restrictionsStart of year $2,372,463$2,368,902
X-32 Total net assets or fund balancesStart of year $2,372,463$2,368,902
X-33 Total liabilities and net assetsStart of year $22,574,911$21,744,964
Part XI · Reconciliation of net assets $2,368,902 net assets at year end
XI-1 Total revenue$394,061
XI-2 Total expenses$397,798
XI-3 Revenue less expenses−$3,737
XI-4 Net assets at start of year$2,372,463
XI-9 Other changes in net assets$176
XI-10 Net assets at end of year$2,368,902

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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