Clay Fellowship Charitable Tr FY2022 filing

Tax-deductible

Boston, MA501(c)(3)Foundations & GrantmakersEIN 04-3560268Revenue $770K in FY2022

On file with the IRS31 Saint James Ave Ste 740, 02116-4186 · Boston, MATax-exempt since Mar 2002Supporting organization — 509(a)(3)

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The sole activity of the trust is to make contributions to the smithsonian astrophysical observatory of the smithsonian institution of washington, DC, a 501(c)(3) public charity.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2022 · Form 990-TIndependent: 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-T
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $59K a year · 15% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
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
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
$770K
+85% vs prior year
Spent
$506K
To programs
81%
Net assets
$6.0M
By yearFY2019–FY2024
Revenue
$770K
FY2022▲ +85%
Tap a bar for its year
Revenue by fiscal year
FY2019$165K
FY2020−$657K
FY2021$416K
FY2022$770K
FY2023$510K
FY2024$1.1M
Expenses
$506K
FY2022▲ +28%
Tap a bar for its year
Expenses by fiscal year
FY2019$403K
FY2020$353K
FY2021$396K
FY2022$506K
FY2023$119K
FY2024$150K
Net assets
$6.0M
FY2022▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2019$6.4M
FY2020$5.1M
FY2021$5.4M
FY2022$6.0M
FY2023$6.6M
FY2024$7.8M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
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 Mar 2002.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $410K Management & general 19% · $96K

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-T.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Clay Fellowship Charitable Tr 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

Donates funds to the Smithsonian Astrophysical Observatory.

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Provided by the organization

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1 program · $410K · in their own filed words · FY2022
01

Fellowship distribution to the smithsonian astrophysical observatory of the smithsonian institute of washington, D.C. The funds contributed by the trust will support a post-doctoral fellowship program in astrophysics.

$410Kprogram expense

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 · 3 grants · $1.1M · 2019–2021
Smithsonian InstitutionDC · FY2021$367,114
Smithsonian InstitutionDC · FY2020$313,659
Smithsonian InstitutionDC · FY2019$396,910

By the numbers

The FY2022 990-T, line by line.

1The main four
Money in
$770K
Investment income$771K
Money out
$506K
Programs$410K
Management$96K
Owns and owes
$6.0M
net assets
Cash and savings$77K
Total assets$6.0M
Liabilities$0
People
4
listed
Paid0
Voting board4
Independent4
2In more detail
Revenue in detail
Investment income$771K
Total revenue$770K
Assets in detailEnd of year
Cash and savings together$77K
Total assets$6.0M
Liabilities$0
Net assets$6.0M
Operations
Employees0
Volunteers3
Fiscal year endsDecember
Conflict-of-interest policyNo
Whistleblower policyNo
Records policyNo

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.1M$150K$926K$7.8M 990 PDF
FY2023 $510K$119K$391K$6.6M 990 PDF
FY2022 Viewing $770K$506K$264K$6.0M 990 PDF
FY2021 $416K$396K$20K$5.4M 990 PDF
FY2020 −$657K$353K−$1.0M$5.1M 990 PDF
FY2019 $165K$403K−$238K$6.4M 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

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

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