Clover Foundation INC FY2020 filing

New Orleans, LAUnknown exempt organizationSince 2013EIN 46-3082856

This page gets seen. Tell your story. Claim this org.

The Foundation serves as the supporting organization to Clover nola, INC., a louisiana non-profit corporation. The Foundation is organized and operated exclusively for charitable and educational purposes.

Mission: Form 990 Part I, line 1

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
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
1 of 5
filings with a surplus
Average surplus $125K a year · 49% of revenue · last 5 filings
Worth a look: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
72 mo
of spending, in cash
Looks good: 72.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$520K
54% of total assets
Fine: liabilities are 54% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 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
$71K
Spent
$115K
To programs
0%
Net assets
$449K
By yearFY2020–FY2024
Revenue
$71K
FY2020
Revenue by fiscal year
FY2020$71K
FY2021$1.3M
FY2022−$309K
FY2023$105K
FY2024$83K
FY2024$3K
Expenses
$115K
FY2020
Expenses by fiscal year
FY2020$115K
FY2021$236K
FY2022$256
FY2023$149K
FY2024$158K
FY2024$37K
Net assets
$449K
FY2020
Net assets by fiscal year
FY2020$449K
FY2021$1.7M
FY2022$1.2M
FY2023$1.3M
FY2024$1.4M
FY2024$0

From the FY2020 Form 990 (year ending June 2020) · see the original

Give Claim
You’re viewing the FY2020 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Fundraising 100% · $115K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director/CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Clover Foundation INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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

Supports a Louisiana nonprofit for charitable and educational causes.

Provided by the organization

Know this organization? Claim it to add your story

1 program · in their own filed words · FY2019
01

The kingsley foundation serves as the supporting organization of kingsley house, inc. The kingsley foundation was established to support future programmatic growth and encourage innovation of kingsley house as well as provide security for unanticipated events.

Pt IX · col B

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 · FY2022
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$71K
Ln 12
Gifts and grantsLn 1h$33K
Other incomeLn 4–11$24K
Investment incomeLn 3$13K
Money outPt IX
$115K
Ln 25
Fundraisingcol D$115K
Owns and owesPt X
$449K
net assets · Ln 32
Cash and savingsLn 1–2$692K
Total assetsLn 16$969K
LiabilitiesLn 26$520K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$33K
Noncash giftsLn 1g$26K
Investment incomeLn 3$13K
Other incomeLn 4–11$24K
Gains on assetsLn 7$7K
Total revenueLn 12$71K
Assets in detailPt X, end of year
CashLn 1$692K
Cash and savings togetherLn 1–2$692K
Other assetsLn 15$252K
Total assetsLn 16$969K
LiabilitiesLn 26$520K
Net assetsLn 32$449K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
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
LineStart FY20End FY20
Cash and savingsLn 1–2$768K$692K
Total assetsLn 16$1.2M$969K
LiabilitiesLn 26$708K$520K
Net assetsLn 32$496K$449K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$88K$88K
Pension plan contributionsLn 8$3K$3K
Other employee benefitsLn 9$5K$5K
Payroll taxesLn 10$7K$7K
Legal feesLn 11b$86$86
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$425$425
Office expensesLn 13$5K$5K
OccupancyLn 16$147$147
TravelLn 17$274$274
Conferences, conventions and meetingsLn 19$1K$1K
InterestLn 20$27$27
Other expenses (24a–d)Ln 24$643$643
Total functional expensesLn 25$115K$0$0$115K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $83K$158K−$75K$1.4M 990 PDF
FY2023 $105K$149K−$43K$1.3M 990 PDF
FY2022 −$309K$256−$309K$1.2M 990 PDF
FY2021 $1.3M$236K$1.1M$1.7M 990 PDF
FY2020 Viewing $71K$115K−$44K$449K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 (4 parts)
Part VIII · Statement of revenue $70,939 across 7 lines filed
VIII-1f All other contributions, gifts and grants$33,463
VIII-1g Noncash contributions (included above)$26,013
VIII-1h Total contributions, gifts and grants$33,463
VIII-3 Investment incomeExcluded from tax $6,528$6,528
VIII-7 Net gain or loss on sales of assetsExcluded from tax $6,583$6,583
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $24,365$24,365
VIII-12 Total revenueRelated to mission $24,365 · Unrelated business $0 · Excluded from tax $13,111$70,939
Part IX · Statement of functional expenses $114,522 across 14 lines filed
IX-7 Other salaries and wagesFundraising $87,975$87,975
IX-8 Pension plan contributionsFundraising $3,079$3,079
IX-9 Other employee benefitsFundraising $5,464$5,464
IX-10 Payroll taxesFundraising $6,713$6,713
IX-11b Legal feesFundraising $86$86
IX-11c Accounting feesFundraising $2,700$2,700
IX-11g Other fees for servicesFundraising $1,000$1,000
IX-12 Advertising and promotionFundraising $425$425
IX-13 Office expensesFundraising $4,712$4,712
IX-16 OccupancyFundraising $147$147
IX-17 TravelFundraising $274$274
IX-19 Conferences, conventions and meetingsFundraising $1,277$1,277
IX-20 InterestFundraising $27$27
IX-24 Other expenses (24a–d)Fundraising $643$643
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $114,522$114,522
Part X · Balance sheet $968,755 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $768,352$692,302
X-3 Pledges and grants receivableStart of year $183,574$24,239
X-15 Other assetsStart of year $252,214$252,214
X-16 Total assetsStart of year $1,204,140$968,755
X-17 Accounts payable and accrued expensesStart of year $51,868$19,402
X-25 Other liabilitiesStart of year $655,806$500,502
X-26 Total liabilitiesStart of year $707,674$519,904
X-27 Net assets without donor restrictionsStart of year $496,466$448,851
X-32 Total net assets or fund balancesStart of year $496,466$448,851
X-33 Total liabilities and net assetsStart of year $1,204,140$968,755
Part XI · Reconciliation of net assets $448,851 net assets at year end
XI-1 Total revenue$70,939
XI-2 Total expenses$114,522
XI-3 Revenue less expenses−$43,583
XI-4 Net assets at start of year$496,466
XI-5 Net unrealized gains (losses) on investments−$4,032
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$448,851

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.