The Clear Fund: FY2023 Nonprofit Profile & Form 990 (EIN 20-8625442)

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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1 program · $109.0M · in their own filed words · FY2023

01

Published 30 pages describing grants to top charities and new grants. Published 6 research reports on new programs and interventions and 8 short reports on programs we looked into. Updated parameters in our top charities cost-effectiveness model and published these changes.

$109.0Mprogram 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 FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$219.6M

Ln 12

Gifts and grantsLn 1h$217.4M

Investment incomeLn 3$2.2M

Other incomeLn 4–11$2K

Money outPt IX

$115.6M

Ln 25

Programscol B$109.0M

Managementcol C$5.7M

Fundraisingcol D$867K

Owns and owesPt X

$181.8M

net assets · Ln 32

Cash and savingsLn 1–2$68.0M

Total assetsLn 16$208.6M

LiabilitiesLn 26$26.7M

PeoplePt VI, VII

18

listed · VII A

PaidVII A11

Voting boardVI 1a7

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$217.4M

Noncash giftsLn 1g$11.3M

Investment incomeLn 3$2.2M

Other incomeLn 4–11$2K

Gains on assetsLn 7$19K

Total revenueLn 12$219.6M

Assets in detailPt X, end of year

CashLn 1$45.5M

SavingsLn 2$22.5M

Cash and savings togetherLn 1–2$68.0M

InvestmentsLn 11–13$132.4M

Land, buildings, equipmentLn 10c$298K

Other assetsLn 15$866K

Total assetsLn 16$208.6M

LiabilitiesLn 26$26.7M

Net assetsLn 32$181.8M

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 FY23	End FY23
Cash and savingsLn 1–2	$112.6M	$68.0M
InvestmentsLn 11–13	$465K	$132.4M
Land, buildings, equipmentLn 10c	$402K	$298K
Total assetsLn 16	$117.5M	$208.6M
LiabilitiesLn 26	$39.7M	$26.7M
Net assetsLn 32	$77.8M	$181.8M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$72.5M	$72.5M
Grants and assistance to foreign recipientsLn 3	$23.7M	$23.7M
Pay of current officers, directors and key staffLn 5	$1.9M	$945K	$820K	$166K
Other salaries and wagesLn 7	$7.6M	$6.2M	$1.2M	$226K
Other employee benefitsLn 9	$930K	$796K	$104K	$30K
Payroll taxesLn 10	$634K	$481K	$130K	$24K
Legal feesLn 11b	$790K		$790K
Accounting feesLn 11c	$83K	$61K	$23K
Other fees for servicesLn 11g	$1.6M	$1.3M	$235K	$109K
Advertising and promotionLn 12	$1.5M	$1.4M		$153K
Office expensesLn 13	$293K	$98K	$192K	$3K
Information technologyLn 14	$386K	$112K	$261K	$12K
OccupancyLn 16	$498K	$274K	$206K	$18K
TravelLn 17	$555K	$88K	$462K	$5K
Depreciation, depletion and amortizationLn 22	$223K		$223K
InsuranceLn 23	$98K		$98K
Other expenses (24a–d)Ln 24	$2.2M	$1.1M	$964K	$122K
All other expensesLn 24e	$7K		$7K
Total functional expensesLn 25	$115.6M	$109.0M	$5.7M	$867K

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 Viewing	$219.6M	$115.6M	$104.0M	$181.8M	990 PDF
FY2022	$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 FY2023 990 (6 parts)

Part I · Summary $219,626,118 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $151,406,685$217,426,223

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year −$393,926$2,197,654

I-11 Other revenuePrior year $0$2,241

I-12 Total revenuePrior year $151,012,759$219,626,118

I-13 Grants and similar amounts paidPrior year $138,375,405$96,214,183

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

I-15 Salaries and benefitsPrior year $8,141,852$11,119,448

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

I-17 Other expensesPrior year $5,905,412$8,242,726

I-18 Total expensesPrior year $152,422,669$115,576,357

I-19 Revenue less expensesPrior year −$1,409,910$104,049,761

Part VI · Governance 6 of 7 board members independent, no flags

VI-1a Voting members of the governing body7

VI-1b Independent voting members6

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 $219,626,118 across 8 lines filed

VIII-1d Related organizations$12,521,567

VIII-1f All other contributions, gifts and grants$204,904,656

VIII-1g Noncash contributions (included above)$11,304,434

VIII-1h Total contributions, gifts and grants$217,426,223

VIII-3 Investment incomeExcluded from tax $2,178,348$2,178,348

VIII-7 Net gain or loss on sales of assetsExcluded from tax $19,306$19,306

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,241$2,241

VIII-12 Total revenueRelated to mission $2,241 · Unrelated business $0 · Excluded from tax $2,197,654$219,626,118

Part IX · Statement of functional expenses $115,576,357 across 18 lines filed

IX-1 Grants to domestic organizationsPrograms $72,536,812$72,536,812

IX-3 Grants and assistance to foreign recipientsPrograms $23,677,371$23,677,371

IX-5 Pay of current officers, directors and key staffPrograms $945,190 · Management $819,512 · Fundraising $166,078$1,930,780

IX-7 Other salaries and wagesPrograms $6,190,785 · Management $1,208,025 · Fundraising $225,700$7,624,510

IX-9 Other employee benefitsPrograms $796,144 · Management $103,520 · Fundraising $30,116$929,780

IX-10 Payroll taxesPrograms $480,505 · Management $129,845 · Fundraising $24,028$634,378

IX-11b Legal feesManagement $789,865$789,865

IX-11c Accounting feesPrograms $60,811 · Management $22,604$83,415

IX-11g Other fees for servicesPrograms $1,284,110 · Management $235,223 · Fundraising $109,014$1,628,347

IX-12 Advertising and promotionPrograms $1,373,484 · Fundraising $152,543$1,526,027

IX-13 Office expensesPrograms $97,605 · Management $192,237 · Fundraising $3,114$292,956

IX-14 Information technologyPrograms $112,355 · Management $260,954 · Fundraising $12,431$385,740

IX-16 OccupancyPrograms $274,047 · Management $205,912 · Fundraising $17,737$497,696

IX-17 TravelPrograms $88,008 · Management $461,966 · Fundraising $4,661$554,635

IX-22 Depreciation, depletion and amortizationManagement $222,589$222,589

IX-23 InsuranceManagement $98,261$98,261

IX-24 Other expenses (24a–d)Programs $1,070,398 · Management $963,976 · Fundraising $121,741$2,156,115

IX-24e All other expensesManagement $7,080$7,080

IX-25 Total functional expensesPrograms $108,987,625 · Management $5,721,569 · Fundraising $867,163$115,576,357

Part X · Balance sheet $208,555,407 assets, 19 lines filed

X-1 Cash, non-interest-bearingStart of year $16,752,572$45,523,377

X-2 Savings and temporary cash investmentsStart of year $95,806,895$22,518,384

X-3 Pledges and grants receivableStart of year $2,610,423$5,084,344

X-4 Accounts receivableStart of year $0$1,230,830

X-9 Prepaid expenses and deferred chargesStart of year $255,136$605,422

X-10c Land, buildings and equipment, netStart of year $402,292$297,665

X-11 Publicly traded securitiesStart of year $465,200$132,429,138

X-14 Intangible assetsStart of year $0$0

X-15 Other assetsStart of year $1,244,770$866,247

X-16 Total assetsStart of year $117,537,288$208,555,407

X-17 Accounts payable and accrued expensesStart of year $1,129,093$1,896,698

X-18 Grants payableStart of year $37,604,490$24,329,782

X-19 Deferred revenueStart of year $7,738$0

X-25 Other liabilitiesStart of year $1,005,173$488,335

X-26 Total liabilitiesStart of year $39,746,494$26,714,815

X-27 Net assets without donor restrictionsStart of year $68,964,987$118,220,903

X-28 Net assets with donor restrictionsStart of year $8,825,807$63,619,689

X-32 Total net assets or fund balancesStart of year $77,790,794$181,840,592

X-33 Total liabilities and net assetsStart of year $117,537,288$208,555,407

Part XI · Reconciliation of net assets $181,840,592 net assets at year end

XI-1 Total revenue$219,626,118

XI-2 Total expenses$115,576,357

XI-3 Revenue less expenses$104,049,761

XI-4 Net assets at start of year$77,790,794

XI-5 Net unrealized gains (losses) on investments$37

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$181,840,592

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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The Clear Fund FY2023 filing

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