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Nonprofiteer
← CLOVER FOUNDATION INC

Form 990 for tax year 2022

Filed by CLOVER FOUNDATION INC.

Totals

Total revenue
$105,227
Total expenses
$148,560
Contributions and grants received
$79,907
Grants paid
$0
Program service revenue
$0
Investment income
$25,320
Other revenue
$0
Total assets, end of year
$2,162,649
Total liabilities, end of year
$888,529
Net assets or fund balances, end of year
$1,274,120
Program services expenses (Part IX)
$11,788
Management and general expenses
$127,313
Fundraising expenses
$9,459
Program service expenses (Part III)
$11,788

Program services were 7.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • SHELDON F SKIP BRECHTEL

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • KATHERINE GELDERMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • MARGARET MONTGOMERY-RICHARD

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • KIT FRITCHIE

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25

  • BILL HAMMACK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • CHIMENE GRANT SALOY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • MILES CHANNING THOMAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • SHELDON LYKES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • LYNN SMALLPAGE MORGAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • KEITH H LIEDERMAN

    DIRECTOR/CEO

    Total calculated
    $250,630
    From this org
    $0
    From related orgs
    $235,393
    Other
    $15,237
    Hours/week
    0.25 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $235,393 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,015 related
    Nontaxable benefits
    $0 + $7,222 related
    Filer's total
    $0 + $250,630 related

  • SANDRA A COLVIN

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $10,985
    From this org
    $0
    From related orgs
    $10,985
    Other
    $0
    Hours/week
    0.25 + 40 related

  • DONNA BETZER

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $72,507
    From this org
    $0
    From related orgs
    $66,688
    Other
    $5,819
    Hours/week
    0.25 + 40 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202401359349309410

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