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The Clearing Endowment Trust FY2022 filing

Tax-deductible

Ellison Bay, WI501(c)(3)Foundations & GrantmakersEIN 39-6693988

To support the clearing and its purposes

501(c)(3) charity; gifts are tax-deductible.
100¢ 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $709 a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$48K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$249K
-24% vs prior year
Spent
$62K
To programs
100%
Net assets
$3.0M
By yearFY2020–FY2024
Revenue
$249K
FY2022▼ -24%
Revenue by fiscal year
FY2020$255K
FY2021$325K
FY2022$249K
FY2023$87K
FY2024$106K
Expenses
$62K
FY2022▼ -78%
Expenses by fiscal year
FY2020$240K
FY2021$285K
FY2022$62K
FY2023$190K
FY2024$241K
Net assets
$3.0M
FY2022▼ -16%
Net assets by fiscal year
FY2020$3.2M
FY2021$3.5M
FY2022$3.0M
FY2023$3.2M
FY2024$3.4M

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1998.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $62K

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Mike Gilson
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Tom Alt
Director
$0Pt VII · Sec A
Ron Hupe
Director
$0Pt VII · Sec A
Bob Kimbell
Director
$0Pt VII · Sec A
See The Clearing 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

Supports the clearing and its purposes.

Provided by the organization

This section is blank until The Clearing Endowment Trust claims this page.

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1 program service account for $62K of program spending, described in the organization's own filed words · FY2022.
01

Payments made to the clearing for support of its purposes

$62Kprogram expense

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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 · 5 grants · $1.0M · 2020–2024
The ClearingWI · FY2024$225,000
The ClearingWI · FY2023$190,000
The ClearingWI · FY2022$62,500
The ClearingWI · FY2021$285,000
The ClearingWI · FY2020$240,000

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$249K
Ln 12
Investment incomeLn 3$234K
Gifts and grantsLn 1h$15K
Money outPt IX
$62K
Ln 25
Programscol B$62K
Owns and owesPt X
$3.0M
net assets · Ln 32
Cash and savingsLn 1–2$1K
Total assetsLn 16$3.0M
LiabilitiesLn 26$48K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15K
Investment incomeLn 3$234K
Total revenueLn 12$249K
Assets in detailPt X, end of year
CashLn 1$1K
Cash and savings togetherLn 1–2$1K
InvestmentsLn 11–13$3.0M
Total assetsLn 16$3.0M
LiabilitiesLn 26$48K
Net assetsLn 32$3.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$19K$1K
InvestmentsLn 11–13$3.8M$3.0M
Total assetsLn 16$3.8M$3.0M
LiabilitiesLn 26$285K$48K
Net assetsLn 32$3.5M$3.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$62K$62K
Total functional expensesLn 25$62K$62K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $106K$241K−$134K$3.4M 990 PDF
FY2023 $87K$190K−$103K$3.2M 990 PDF
FY2022 Viewing $249K$62K$186K$3.0M 990 PDF
FY2021 $325K$285K$40K$3.5M 990 PDF
FY2020 $255K$240K$15K$3.2M 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 (4 parts)
Part VIII · Statement of revenue $248,701 across 4 lines filed
VIII-1f All other contributions, gifts and grants$14,792
VIII-1h Total contributions, gifts and grants$14,792
VIII-3 Investment incomeExcluded from tax $233,909$233,909
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $233,909$248,701
Part IX · Statement of functional expenses $62,500 across 1 line filed
IX-1 Grants to domestic organizationsPrograms $62,500$62,500
IX-25 Total functional expensesPrograms $62,500 · Management $0 · Fundraising $0$62,500
Part X · Balance sheet $3,023,803 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $19,298$1,298
X-11 Publicly traded securitiesStart of year $3,807,473$3,022,505
X-16 Total assetsStart of year $3,826,771$3,023,803
X-25 Other liabilitiesStart of year $285,000$47,708
X-26 Total liabilitiesStart of year $285,000$47,708
X-27 Net assets without donor restrictionsStart of year $482,538$482,538
X-28 Net assets with donor restrictionsStart of year $3,059,233$2,493,557
X-32 Total net assets or fund balancesStart of year $3,541,771$2,976,095
X-33 Total liabilities and net assetsStart of year $3,826,771$3,023,803
Part XI · Reconciliation of net assets $2,976,095 net assets at year end
XI-1 Total revenue$248,701
XI-2 Total expenses$62,500
XI-3 Revenue less expenses$186,201
XI-4 Net assets at start of year$3,541,771
XI-5 Net unrealized gains (losses) on investments−$751,877
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,976,095

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

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