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Clf Ventures INC EIN 04-3355728 Form 990 (PDF) Claim this org

Clf Ventures INC FY2021 filing

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Helps businesses invest in natural resource conservation and protect nature. For fiscal year 2021 it reported $384K in revenue, $463K in expenses, and $-1.3M in net assets.Pt I

Founded
1997
Type
Supporting organization · Environment
Location
Boston, MA
Filings
5 on file (2020–2021)
Revenue
$384KFY2021
Expenses
$463K
Net assets
$-1.3M
People
16
Filings
5
Updates
0
More identity details & actions ⌄
EIN  04-3355728 Supporting organization Boston, MA Founded 1997
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Helps businesses invest in natural resource conservation and protect nature.
Leadership
Eugene Bernat · Co-Chair
Money in and out
$384K revenue, $463K expenses
Bottom line
-20% net inflow
Money in and out · FY2021
Total revenue
$384K
Pt VIII · Ln 12
Total expenses
$463K
Pt IX · Ln 25
Net assets
$-1.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$78K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10
Net inflow
-20%
revenue over expenses, this year
Pass-through gifts
100%
of revenue from contributions
Program spending
90%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$384K
FY2021▲ +363%
Expenses
$463K
FY2021▲ +221%
Total assets
$283K
FY2021▼ -2%
Total liabilities
$1.6M
FY2021▲ +5%
Total revenue
$384K
Pt VIII · Ln 12
Total expenses
$463K
Pt IX · Ln 25
Net assets
$-1.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$78K
Total assetsPt X · Ln 16$283K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $416K of program spending, described in the organization's own filed words · FY2020.
01

To pursue business and investment opportunities which conserve natural resources and demonstrate to clients how to become a force to protect nature, not diminish it, while conducting their business.

$416Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CClf Ventures INC
EINHdr · item D04-3355728
Principal addressHdr · item CBoston, MA
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1997
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C010)
Ruling yearIRS BMFJan 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Eileen Marks
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Paula W Gold
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$384K
— government grantsLn 1e$384K
Total revenueLn 12$384K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$416K
Management & general10%$47K
Total functional expensesLn 25$463K

Balance Sheet

Part X · end of year
CashLn 1$283K
Total assetsLn 16$283K
Total liabilitiesLn 26$1.6M
Total net assetsLn 32$-1.3M
Months of cash on handcomputed7.3

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $283K · Operating expenses/yr $463K
7.3 months
Where the money goes
Program services
Program services $416K · Total expenses $463K
90%
Management & General
Management & general $47K · Total expenses $463K
10%
Fundraising
Fundraising $0 · Total expenses $463K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $384K · Total revenue $384K
100%
Government reliance
Government grants $384K · Total revenue $384K
100%
Earned-income share
Program service revenue $0 · Total revenue $384K
0%
Investment reliance
Investment income $0 · Total revenue $384K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $463K
0%
Growth & trend
Revenue growth (YoY)
This year $384K · Prior year $83K
+363%
Net-asset trend (YoY)
End of year $-1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $384K · Expenses $463K
-20%
Liabilities-to-Assets
Total liabilities — · Total assets $283K
—
Net-asset ratio
Net assets $-1.3M · Total assets $283K
-471%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $283K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Eugene Bernat · Reported title CO-CHAIR · Highest reported compensation $0 · Total expenses $463K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $59K · Total expenses $463K
13%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%——
Overhead ratio 10%——
Fundraising cost ratio 0%——
Revenue growth 363%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 14 grants · $1.2M · 2019–2024
Pjm Consulting LLCFY2024$18,599
41 North Offshore LLCFY2023$29,862
Pjm Consulting LLCFY2023$10,881
Circle Line Sightseeing Yachts INCFY2022$336,608
Hornblower Cruises and Events LLCFY2022$114,077
Mj Bradley & Associates LLCFY2022$8,022
New York City Cruise Lines INCFY2021$125,906
New York City Cruise Lines INCFY2021$125,906
Mj Bradley & Associates LLCFY2021$9,096
Mj Bradley & Associates LLCFY2021$9,096
New York City Cruise Lines INCFY2020$333,604
Mj Bradley & Associates LLCFY2020$25,058
Mj Bradley & Associates LLCFY2019$41,617
Interstate Navigation Co DBA the Block Island FerryFY2019$40,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$263K revenue · ⤓ 990 PDF
FY2023$635K revenue · ⤓ 990 PDF
FY2022$242K revenue · ⤓ 990 PDF
FY2021$384K revenue · viewing · ⤓ 990 PDF
FY2020$83K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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