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Clover Foundation INC FY2020 filing

Tax-deductible

Concord, MA501(c)(3)Human ServicesEIN 46-2427589Revenue $175K in FY2020

On file with the IRSPo Box 91, 01742-0091 · Concord, MATax-exempt since Feb 2019Supporting org, Type II — 509(a)(3)

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Support of Uganda's disadvantaged children and orphans with provisions, educational books, clothing, health care and other services fostering childrens growth, self esteem and happiness.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: 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
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $20K a year · 16% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 19.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $13K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$275
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$175K
Spent
$135K
To programs
100%
Net assets
$221K
By yearFY2020–FY2024
Revenue
$175K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$175K
FY2021$109K
FY2022$95K
FY2023$112K
FY2024$125K
Expenses
$135K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$135K
FY2021$123K
FY2022$148K
FY2023$197K
FY2024$113K
Net assets
$221K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$221K
FY2021$206K
FY2022$153K
FY2023$68K
FY2024$80K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2018-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Feb 2019.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $134K Fundraising 0% · $489

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
Diane Mercer
President/Director
$0Pt VII · Sec A
John R Roberts
Treasurer/Director
$0Pt VII · Sec A
Hannah Polakoff
Clerk/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Gavin Ross
Director
$0Pt VII · Sec A
Lisa Sajedi
Director
$0Pt VII · Sec A
See Clover Foundation INC 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

Provides Ugandan children with essential resources and care to foster their growth, self-esteem, and happiness.

Questions for Clover Foundation INC

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Provided by the organization

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1 program · $134K · in their own filed words · FY2020
01

See discription of organization's mission above.

$134Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Fidelity Investments Charitable Gift FundFY2024$13K
Total grants receivedfrom 1 funder$13K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$175K
Ln 12
Gifts and grantsLn 1h$175K
Investment incomeLn 3$131
Money outPt IX
$135K
Ln 25
Programscol B$134K
Fundraisingcol D$489
Owns and owesPt X
$221K
net assets · Ln 32
Cash and savingsLn 1–2$221K
Total assetsLn 16$221K
LiabilitiesLn 26$275
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$175K
Investment incomeLn 3$131
Total revenueLn 12$175K
Assets in detailPt X, end of year
CashLn 1$221K
Cash and savings togetherLn 1–2$221K
Total assetsLn 16$221K
LiabilitiesLn 26$275
Net assetsLn 32$221K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$180K$221K
Total assetsLn 16$180K$221K
LiabilitiesLn 26$0$275
Net assetsLn 32$180K$221K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$109K$109K
Accounting feesLn 11c$600$600$0$0
Office expensesLn 13$3K$3K$0$0
TravelLn 17$6K$6K$0$0
All other expensesLn 24e$17K$17K$0$489
Total functional expensesLn 25$135K$134K$0$489

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $125K$113K$12K$80K 990 PDF
FY2023 $112K$197K−$85K$68K 990 PDF
FY2022 $95K$148K−$53K$153K 990 PDF
FY2021 $109K$123K−$14K$206K 990 PDF
FY2020 Viewing $175K$135K$40K$221K 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 FY2020 990 (6 parts)
Part I · Summary $175,074 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $213,070$174,943
I-9 Program service revenue$0
I-10 Investment incomePrior year $281$131
I-11 Other revenue$0
I-12 Total revenuePrior year $213,351$175,074
I-13 Grants and similar amounts paidPrior year $75,375$108,564
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $16,890$26,391
I-18 Total expensesPrior year $92,265$134,955
I-19 Revenue less expensesPrior year $121,086$40,119
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $175,074 across 4 lines filed
VIII-1f All other contributions, gifts and grants$174,943
VIII-1h Total contributions, gifts and grants$174,943
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$131
VIII-12 Total revenueRelated to mission $131 · Unrelated business $0 · Excluded from tax $0$175,074
Part IX · Statement of functional expenses $134,955 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $108,564$108,564
IX-11c Accounting feesPrograms $600 · Management $0 · Fundraising $0$600
IX-13 Office expensesPrograms $2,713 · Management $0 · Fundraising $0$2,713
IX-17 TravelPrograms $5,820 · Management $0 · Fundraising $0$5,820
IX-24e All other expensesPrograms $16,769 · Management $0 · Fundraising $489$17,258
IX-25 Total functional expensesPrograms $134,466 · Management $0 · Fundraising $489$134,955
Part X · Balance sheet $220,857 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $180,413$220,857
X-16 Total assetsStart of year $180,413$220,857
X-17 Accounts payable and accrued expenses$275
X-26 Total liabilitiesStart of year $0$275
X-32 Total net assets or fund balancesStart of year $180,413$220,582
X-33 Total liabilities and net assetsStart of year $180,413$220,857
Part XI · Reconciliation of net assets $220,582 net assets at year end
XI-1 Total revenue$175,074
XI-2 Total expenses$134,955
XI-3 Revenue less expenses$40,119
XI-4 Net assets at start of year$180,413
XI-10 Net assets at end of year$220,582

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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