The Clear Fund: FY2022 Nonprofit Profile & Form 990 (EIN 20-8625442)

Revenue by fiscal year
FY2020	$117.0M
FY2021	$206.2M
FY2022	$151.0M
FY2023	$219.6M
FY2024	$269.5M

Expenses by fiscal year
FY2020	$78.1M
FY2021	$188.3M
FY2022	$152.4M
FY2023	$115.6M
FY2024	$183.7M

Net assets by fiscal year
FY2020	$61.3M
FY2021	$79.2M
FY2022	$77.8M
FY2023	$181.8M
FY2024	$266.1M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2007.

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

Where the money goes

97 cents of each dollar spent went to programs.

97%

Program services 97% · $148.0M Management & general 3% · $3.9M Fundraising 0% · $537K

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

16 people listed on the 990; $2.4M paid to officers and key staff.

Part VII, Section A · reportable compensation

Elie Hassenfeld

Chief Executive Officer

$355,000Pt VII · Sec A

Whitney Rider

Secretary/Head of HR & Business Ops

$285,750Pt VII · Sec A

Stephanie Stojanovic

Director of Development

$263,768Pt VII · Sec A

Teryn Mattox

Senior Program Officer

$221,709Pt VII · Sec A

Benjamin Bateman

Director of Operations

$213,230Pt VII · Sec A

Natalie Crispin

Treasurer/Senior Program Officer

$209,226Pt VII · Sec A

Alex Cohen

Senior Researcher

$180,088Pt VII · Sec A

Marinella Capriati

Program Officer

$177,619Pt VII · Sec A

Elie Hassenfeld’s $425K as Chief Executive Officer is at the 39th percentile of top reported officer pay among 129 $100M+ philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2024	FY2023	FY2022	FY2021	FY2020
Elie Hassenfeld	$424,805	$400,000	$355,000	$304,439	$286,992
Jim Bobowski	—	—	—	$339,578	$341,117
Teryn Mattox	$333,147	$258,128	$221,709	$186,348	$162,880
Stephanie Stojanovic	$288,882	$332,920	$263,768	$224,123	$164,748
Whitney Rider	—	$307,702	$285,750	$280,208	$233,119
Julie Faller	$291,908	$236,700	$173,791	$154,057	—
Benjamin Bateman	$248,875	$280,800	$213,230	$197,943	$192,090
Alex Cohen	$262,052	$214,200	$180,088	$154,713	$146,122

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.

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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 15aYes

Programs and updates

Researches and identifies highly impactful, cost-effective global charity opportunities to help donors maximize the lifesaving impact of their charitable giving.

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Provided by the organization

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1 program · $148.0M · in their own filed words · FY2022

01

Givewell published 37 pages describing grants to top charities and new grants. Published eight research reports on new programs and interventions and eight short reports on programs we looked into. Updated parameters in our top charities cost-effectiveness model and published these changes.

$148.0Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid

Grants received · FY2025

T Rowe Price Program for Charitable Giving INCFY2025$276K

America's CharitiesFY2025$104K

Fieldcrest Aspiration FoundationFY2025$51K

The Ayco Charitable FoundationFY2025$15K

Community Foundation for Metrowest INCFY2025$10K

Steelberg Family FoundationFY2025$2K

Total grants receivedfrom 6 funders$458K

See all 6 funders →

Grants paid · 78 grants · $392.8M · 2020–2024

The Against Malaria FoundationMO · FY2024$19,219,603

Helen Keller InternationalNY · FY2024$11,928,342

Clinton Health Access Initiative INCMA · FY2024$4,500,000

Evidence Action INCDC · FY2024$2,874,362

New IncentivesCA · FY2024$2,218,419

Alima USA INCNY · FY2024$2,000,000

Yale UniversityCT · FY2024$1,299,147

Clinton Health Access Initiative INCMA · FY2024$1,179,836

Dimgagi INCFY2024$1,000,186

University of ChicagoIL · FY2024$895,999

Center for Effective Global Action at Uc BerkeleyCA · FY2024$787,500

Malengo INCDE · FY2024$500,000

MiraclefeetNC · FY2024$261,936

Evidence Action INCDC · FY2024$198,993

Center for Global DevelopmentDC · FY2024$197,000

International Rescue Committee INCNY · FY2024$150,000

Id Insight INCNJ · FY2024$94,500

Evidence Action INCDC · FY2024$67,024

See all 78 grants →

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$151.0M

Ln 12

Gifts and grantsLn 1h$151.4M

Investment incomeLn 3$28K

Money outPt IX

$152.4M

Ln 25

Programscol B$148.0M

Managementcol C$3.9M

Fundraisingcol D$537K

Owns and owesPt X

$77.8M

net assets · Ln 32

Cash and savingsLn 1–2$112.6M

Total assetsLn 16$117.5M

LiabilitiesLn 26$39.7M

PeoplePt VI, VII

16

listed · VII A

PaidVII A11

Voting boardVI 1a6

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$151.4M

Noncash giftsLn 1g$19.5M

Investment incomeLn 3$28K

Gains on assetsLn 7−$422K

Total revenueLn 12$151.0M

Assets in detailPt X, end of year

CashLn 1$16.8M

SavingsLn 2$95.8M

Cash and savings togetherLn 1–2$112.6M

InvestmentsLn 11–13$465K

Land, buildings, equipmentLn 10c$402K

Other assetsLn 15$1.2M

Total assetsLn 16$117.5M

LiabilitiesLn 26$39.7M

Net assetsLn 32$77.8M

OperationsPt I, VI

EmployeesI 557

VolunteersI 65

Fiscal year endsHeaderDecember

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$156.5M	$112.6M
InvestmentsLn 11–13	$722K	$465K
Land, buildings, equipmentLn 10c	$467K	$402K
Total assetsLn 16	$166.0M	$117.5M
LiabilitiesLn 26	$86.8M	$39.7M
Net assetsLn 32	$79.2M	$77.8M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$97.1M	$97.1M
Grants and assistance to foreign recipientsLn 3	$41.2M	$41.2M
Pay of current officers, directors and key staffLn 5	$1.8M	$1.1M	$535K	$85K
Other salaries and wagesLn 7	$5.1M	$4.0M	$936K	$155K
Other employee benefitsLn 9	$790K	$558K	$212K	$20K
Payroll taxesLn 10	$460K	$366K	$77K	$16K
Legal feesLn 11b	$76K		$76K
Accounting feesLn 11c	$75K	$43K	$32K
Other fees for servicesLn 11g	$1.2M	$1.0M	$132K	$49K
Advertising and promotionLn 12	$1.5M	$1.4M		$150K
Office expensesLn 13	$268K	$143K	$122K	$2K
Information technologyLn 14	$100K	$19K	$79K	$2K
OccupancyLn 16	$423K	$239K	$170K	$14K
TravelLn 17	$271K	$51K	$217K	$3K
Depreciation, depletion and amortizationLn 22	$172K		$172K
InsuranceLn 23	$66K		$66K
Other expenses (24a–d)Ln 24	$1.7M	$631K	$1.1M	$42K
All other expensesLn 24e	$14K		$14K
Total functional expensesLn 25	$152.4M	$148.0M	$3.9M	$537K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$269.5M	$183.7M	$85.8M	$266.1M	990 PDF
FY2023	$219.6M	$115.6M	$104.0M	$181.8M	990 PDF
FY2022 Viewing	$151.0M	$152.4M	−$1.4M	$77.8M	990 PDF
FY2021	$206.2M	$188.3M	$17.9M	$79.2M	990 PDF
FY2020	$117.0M	$78.1M	$38.9M	$61.3M	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 $151,012,759 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $206,065,867$151,406,685

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $92,549−$393,926

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $206,158,416$151,012,759

I-13 Grants and similar amounts paidPrior year $177,066,835$138,375,405

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $6,103,683$8,141,852

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $5,137,018$5,905,412

I-18 Total expensesPrior year $188,307,536$152,422,669

I-19 Revenue less expensesPrior year $17,850,880−$1,409,910

Part VI · Governance 5 of 6 board members independent, no flags

VI-1a Voting members of the governing body6

VI-1b Independent voting members5

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $151,012,759 across 7 lines filed

VIII-1d Related organizations$5,870,541

VIII-1f All other contributions, gifts and grants$145,536,144

VIII-1g Noncash contributions (included above)$19,546,190

VIII-1h Total contributions, gifts and grants$151,406,685

VIII-3 Investment incomeExcluded from tax $28,417$28,417

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$422,343−$422,343

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$393,926$151,012,759

Part IX · Statement of functional expenses $152,422,669 across 18 lines filed

IX-1 Grants to domestic organizationsPrograms $97,140,067$97,140,067

IX-3 Grants and assistance to foreign recipientsPrograms $41,235,338$41,235,338

IX-5 Pay of current officers, directors and key staffPrograms $1,138,644 · Management $534,906 · Fundraising $84,924$1,758,474

IX-7 Other salaries and wagesPrograms $4,042,506 · Management $935,918 · Fundraising $154,971$5,133,395

IX-9 Other employee benefitsPrograms $558,441 · Management $211,699 · Fundraising $19,957$790,097

IX-10 Payroll taxesPrograms $366,200 · Management $77,312 · Fundraising $16,374$459,886

IX-11b Legal feesManagement $76,181$76,181

IX-11c Accounting feesPrograms $43,211 · Management $31,844$75,055

IX-11g Other fees for servicesPrograms $1,022,346 · Management $132,499 · Fundraising $48,658$1,203,503

IX-12 Advertising and promotionPrograms $1,351,527 · Fundraising $150,170$1,501,697

IX-13 Office expensesPrograms $143,497 · Management $122,142 · Fundraising $1,951$267,590

IX-14 Information technologyPrograms $18,930 · Management $79,469 · Fundraising $1,629$100,028

IX-16 OccupancyPrograms $239,476 · Management $169,660 · Fundraising $14,256$423,392

IX-17 TravelPrograms $50,665 · Management $217,442 · Fundraising $2,644$270,751

IX-22 Depreciation, depletion and amortizationManagement $171,817$171,817

IX-23 InsuranceManagement $65,672$65,672

IX-24 Other expenses (24a–d)Programs $631,021 · Management $1,063,230 · Fundraising $41,956$1,736,207

IX-24e All other expensesManagement $13,519$13,519

IX-25 Total functional expensesPrograms $147,981,869 · Management $3,903,310 · Fundraising $537,490$152,422,669

Part X · Balance sheet $117,537,288 assets, 17 lines filed

X-1 Cash, non-interest-bearingStart of year $14,302,918$16,752,572

X-2 Savings and temporary cash investmentsStart of year $142,195,416$95,806,895

X-3 Pledges and grants receivableStart of year $6,854,894$2,610,423

X-9 Prepaid expenses and deferred chargesStart of year $253,215$255,136

X-10c Land, buildings and equipment, netStart of year $466,669$402,292

X-11 Publicly traded securitiesStart of year $721,746$465,200

X-15 Other assetsStart of year $1,168,796$1,244,770

X-16 Total assetsStart of year $165,963,654$117,537,288

X-17 Accounts payable and accrued expensesStart of year $786,790$1,129,093

X-18 Grants payableStart of year $84,424,136$37,604,490

X-19 Deferred revenueStart of year $53,776$7,738

X-25 Other liabilitiesStart of year $1,505,473$1,005,173

X-26 Total liabilitiesStart of year $86,770,175$39,746,494

X-27 Net assets without donor restrictionsStart of year $79,114,399$68,964,987

X-28 Net assets with donor restrictionsStart of year $79,080$8,825,807

X-32 Total net assets or fund balancesStart of year $79,193,479$77,790,794

X-33 Total liabilities and net assetsStart of year $165,963,654$117,537,288

Part XI · Reconciliation of net assets $77,790,794 net assets at year end

XI-1 Total revenue$151,012,759

XI-2 Total expenses$152,422,669

XI-3 Revenue less expenses−$1,409,910

XI-4 Net assets at start of year$79,193,479

XI-5 Net unrealized gains (losses) on investments$7,225

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$77,790,794

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

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The Clear Fund FY2022 filing

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