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Historic Trinity Endowment Trust FY2020 filing

Detroit, MIUnknown exempt organizationEIN 38-6476953Revenue $35K in FY2020

On file with the IRSPo Box 75000 · Detroit, MI

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

$6K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average deficit $190K a year · 366% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$6K
to officers and key staff · 105% of spending
Concern: pay to officers and key staff is 105% of spending; over 30%.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 12.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$35K
Spent
$5K
To programs
0%
Net assets
$600K
By yearFY2020–FY2022
Revenue
$35K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$35K
FY2021$45K
FY2022$76K
Expenses
$5K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$5K
FY2021$6K
FY2022$715K
Net assets
$600K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$600K
FY2021$639K
FY2022$0

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $5K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990; $6K paid to officers and key staff.

Part VII, Section A · reportable compensation
$5,502Pt VII · Sec A
Douglas Dossin
Endowment Committee Member
$0Pt VII · Sec A
Timothy Schley
Endowment Committee Member
$0Pt VII · Sec A
Michael Page
Endownment Committee Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Gerald Barker
Treasurer
$0Pt VII · Sec A
Robert Bender
Endowment Committee Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Comerica Bank$6,024$5,502

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Historic Trinity Endowment Trust 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Distributes net income to Trinity Lutheran Church for established fund purposes.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

To distribute net income as requested to the trinity lutheran church for the support and additional needs as stated in the governing document.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $712K · 2022–2022
Historic Trinity Lutheran ChurchMI · FY2022$711,953

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$35K
Ln 12
Investment incomeLn 3$35K
Money outPt IX
$5K
Ln 25
Managementcol C$5K
Owns and owesPt X
$600K
net assets · Ln 32
Cash and savingsLn 1–2$6K
Total assetsLn 16$600K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$35K
Gains on assetsLn 7$21K
Total revenueLn 12$35K
Assets in detailPt X, end of year
SavingsLn 2$6K
Cash and savings togetherLn 1–2$6K
InvestmentsLn 11–13$592K
Total assetsLn 16$600K
LiabilitiesLn 26$0
Net assetsLn 32$600K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$6K$6K
InvestmentsLn 11–13$551K$592K
Total assetsLn 16$571K$600K
LiabilitiesLn 26$0$0
Net assetsLn 32$571K$600K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$5K$5K
Investment management feesLn 11f$5$5
Total functional expensesLn 25$5K$0$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $76K$715K−$639K$0 990 PDF
FY2021 $45K$6K$39K$639K 990 PDF
FY2020 Viewing $35K$5K$30K$600K 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 FY2020 990 (6 parts)
Part I · Summary $34,737 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $47,010$34,737
I-11 Other revenue$0
I-12 Total revenuePrior year $47,010$34,737
I-13 Grants and similar amounts paidPrior year $100,000$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $5,913$5,220
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $6$5
I-18 Total expensesPrior year $105,919$5,225
I-19 Revenue less expensesPrior year −$58,909$29,512
Part VI · Governance 11 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $34,737 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $13,751$13,751
VIII-7 Net gain or loss on sales of assets$20,986
VIII-12 Total revenueExcluded from tax $13,751$34,737
Part IX · Statement of functional expenses $5,225 across 2 lines filed
IX-5 Pay of current officers, directors and key staffManagement $5,220$5,220
IX-11f Investment management feesManagement $5$5
IX-25 Total functional expensesPrograms $0 · Management $5,225 · Fundraising $0$5,225
Part X · Balance sheet $599,965 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $6,317$5,543
X-4 Accounts receivableStart of year $13,873$2,121
X-11 Publicly traded securitiesStart of year $151,040$151,040
X-12 Other securitiesStart of year $399,498$441,261
X-16 Total assetsStart of year $570,728$599,965
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $570,728$599,965
X-33 Total liabilities and net assetsStart of year $570,728$599,965
Part XI · Reconciliation of net assets $599,965 net assets at year end
XI-1 Total revenue$34,737
XI-2 Total expenses$5,225
XI-3 Revenue less expenses$29,512
XI-4 Net assets at start of year$570,728
XI-9 Other changes in net assets−$275
XI-10 Net assets at end of year$599,965

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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