Clear Thoughts Foundation FY2022 filing

Public charity (501(c)(3)) Wexford, PA EIN 27-3778734 NTEE F197
Revenue
$179K
▼ -3%
FY2022 · Pt VIII · Ln 12
Expenses
$203K
▲ +161%
FY2022 · Pt IX · Ln 25
Net assets
$270K
FY2022 · Pt X · Ln 32
To programs
49%
FY2022 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2024
Revenue
$179K
FY2022▼ -3%
Expenses
$203K
FY2022▲ +161%

Funds drug discovery and novel treatments to eliminate dementia.

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Tax-deductible?
Yes
Per the IRS master file. Details →
Can I give now?
No revocation on IRS record
Not on the IRS revocation list. Details →
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — Tribune-Review Charities
$6K in the latest grant year. Details →
Spent on programs?
49% to programs
Form 990 Part IX, latest filing. Details →
Size and trend
$100K–1M
↓ -3% vs prior year Details →

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).


Funds drug discovery and novel treatments to eliminate dementia.

Type
Public charity (501(c)(3)) · Mental Health
Location
Wexford, PA
Website
www.clearthoughtsfoundation.org
Filings
5 on file (2020–2022)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Where the money goes · FY2022
Where spending went · Part IX cols B–D
Program services $0.49 Management & general $0.51
Program efficiency
49%
of spending reaches programs
Operating runway
15.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-13%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$271K
FY2022▼ -8%
Total liabilities
$1K
FY2022▲ +440%
Revenue less expensesPt I · Ln 19−$24K
Total assetsPt X · Ln 16$271K
Program-expense ratioPt IX · col B49%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CClear Thoughts Foundation
EINHdr · item D27-3778734
Principal addressHdr · item CWexford, PA
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMental Health (F197)
Ruling yearIRS BMFNov 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Clear Thoughts Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $100K of program spending, described in the organization's own filed words · FY2022.
01

Clear thoughts foundation (CTF) works to accomplish its mission through the funding of collaborative research cohort, the CTF consortium. All annual activities and daily duties performed remain directly related to fundraising in support of CTF'S mission.

$100Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$138K · 77%
Other revenue$41K · 23%
Contributions & grants77%$138K
Other revenue23%$41K
Investment income$691
Total revenueLn 12$179K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.49 Management & general $0.51
Program services49%$100K
Management & general51%$103K
Total functional expensesLn 25$203K

Balance Sheet

Part X · end of year
CashLn 1$242K
Total assetsLn 16$271K
Total liabilitiesLn 26$1K
Total net assetsLn 32$270K
Months of cash on handcomputed14.4

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $258K · Operating expenses/yr $203K
15.3 months
Where the money goes
Program services
Program services $100K · Total expenses $203K
49%
Management & General
Management & general $103K · Total expenses $203K
51%
Fundraising
Fundraising $0 · Total expenses $203K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $11K · Solicited contributions (2-yr avg) $131K
$0.09 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $138K · Total revenue $179K
77%
Government reliance
Government grants — · Total revenue $179K
—
Earned-income share
Program service revenue $0 · Total revenue $179K
0%
Investment reliance
Investment income $691 · Total revenue $179K
+0.4%
Program self-sufficiency
Program service revenue $0 · Total expenses $203K
0%
Growth & trend
Revenue growth (YoY)
This year $179K · Prior year $184K
-3%
Net-asset trend (YoY)
End of year $270K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $179K · Expenses $203K
-13%
Liabilities-to-Assets
Total liabilities — · Total assets $271K
—
Net-asset ratio
Net assets $270K · Total assets $271K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $15K · Total assets (Pt X, ln 16) $271K
6%
People & payroll
Highest Reported Total Compensation
Individual Lisa Sevcik · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $203K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $76K · Total expenses $203K
38%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 49%——
Overhead ratio 51%——
Fundraising cost ratio 0%——
Revenue growth -3%——
Legal fee ratio 3%——

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 · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$6K
Grants paid · 3 grants · $300K · 2022–2024
Unitemized GrantFY2024$100,000
Unitemized GrantFY2023$100,000
Unitemized GrantFY2022$100,000

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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 (Latest)$201K revenue · ⤓ 990 PDF
FY2023$211K revenue · ⤓ 990 PDF
FY2022$179K revenue · viewing · ⤓ 990 PDF
FY2021$184K revenue · ⤓ 990 PDF
FY2020$106K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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