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Nonprofiteer
← THE CLEAR FUND

Form 990 for tax year 2022

Filed by THE CLEAR FUND.

Totals

Total revenue
$151,012,759
Total expenses
$152,422,669
Contributions and grants received
$151,406,685
Grants paid
$138,375,405
Program service revenue
$0
Investment income
-$393,926
Other revenue
$0
Total assets, end of year
$117,537,288
Total liabilities, end of year
$39,746,494
Net assets or fund balances, end of year
$77,790,794
Program services expenses (Part IX)
$147,981,869
Management and general expenses
$3,903,310
Fundraising expenses
$537,490
Program service expenses (Part III)
$147,981,869

Program services were 97.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $5,870,541

  • 1f · All other contributions, gifts and grants

    $145,536,144

  • 1g · Noncash contributions included above

    $19,546,190

  • 3 · Investment income

    total $28,417 · excluded $28,417

  • 7b · Less cost or other basis and sales expenses

    securities $34,593 · other assets $387,750

  • 7c · Gain or loss

    securities -$34,593 · other assets -$387,750

  • 7d · Net gain or loss

    total -$422,343 · excluded -$422,343

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $97,140,067 · program services $97,140,067

  • 3 · Grants to foreign organizations and individuals

    total $41,235,338 · program services $41,235,338

  • 5 · Compensation of officers, directors and key employees

    total $1,758,474 · program services $1,138,644 · management and general $534,906 · fundraising $84,924

  • 7 · Other salaries and wages

    total $5,133,395 · program services $4,042,506 · management and general $935,918 · fundraising $154,971

  • 9 · Other employee benefits

    total $790,097 · program services $558,441 · management and general $211,699 · fundraising $19,957

  • 10 · Payroll taxes

    total $459,886 · program services $366,200 · management and general $77,312 · fundraising $16,374

  • 11b · Fees: legal

    total $76,181 · management and general $76,181

  • 11c · Fees: accounting

    total $75,055 · program services $43,211 · management and general $31,844

  • 11g · Fees: other

    total $1,203,503 · program services $1,022,346 · management and general $132,499 · fundraising $48,658

  • 12 · Advertising and promotion

    total $1,501,697 · program services $1,351,527 · fundraising $150,170

  • 13 · Office expenses

    total $267,590 · program services $143,497 · management and general $122,142 · fundraising $1,951

  • 14 · Information technology

    total $100,028 · program services $18,930 · management and general $79,469 · fundraising $1,629

  • 16 · Occupancy

    total $423,392 · program services $239,476 · management and general $169,660 · fundraising $14,256

  • 17 · Travel

    total $270,751 · program services $50,665 · management and general $217,442 · fundraising $2,644

  • 22 · Depreciation, depletion and amortization

    total $171,817 · management and general $171,817

  • 23 · Insurance

    total $65,672 · management and general $65,672

  • 24a · Other expenses: BANK AND PROCESSING FEE

    total $935,742 · program services $9,630 · management and general $926,112

  • 24b · Other expenses: STAFF RECRUITMENT

    total $475,414 · program services $433,734 · management and general $34,759 · fundraising $6,921

  • 24c · Other expenses: OUTREACH

    total $184,240 · program services $119,516 · management and general $35,610 · fundraising $29,114

  • 24d · Other expenses: PERSONNEL DEVELOPMENT

    total $140,811 · program services $68,141 · management and general $66,749 · fundraising $5,921

  • 24e · All other expenses

    total $13,519 · management and general $13,519

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,302,918 · end of year $16,752,572

  • 2 · Savings and temporary cash investments

    beginning of year $142,195,416 · end of year $95,806,895

  • 3 · Pledges and grants receivable

    beginning of year $6,854,894 · end of year $2,610,423

  • 9 · Prepaid expenses and deferred charges

    beginning of year $253,215 · end of year $255,136

  • 10a · Land, buildings and equipment: cost or other basis

    $883,688

  • 10b · Land, buildings and equipment: accumulated depreciation

    $481,396

  • 10c · Land, buildings and equipment, net

    beginning of year $466,669 · end of year $402,292

  • 11 · Investments: publicly traded securities

    beginning of year $721,746 · end of year $465,200

  • 15 · Other assets

    beginning of year $1,168,796 · end of year $1,244,770

  • 17 · Accounts payable and accrued expenses

    beginning of year $786,790 · end of year $1,129,093

  • 18 · Grants payable

    beginning of year $84,424,136 · end of year $37,604,490

  • 19 · Deferred revenue

    beginning of year $53,776 · end of year $7,738

  • 25 · Other liabilities

    beginning of year $1,505,473 · end of year $1,005,173

  • 27 · Net assets without donor restrictions

    beginning of year $79,114,399 · end of year $68,964,987

  • 28 · Net assets with donor restrictions

    beginning of year $79,080 · end of year $8,825,807

Mission and programs · 2022

Mission

THE CLEAR FUND (AKA GIVEWELL) FINDS OUTSTANDING GIVING OPPORTUNITIES AND PUBLISHES THE FULL DETAILS OF OUR ANALYSIS TO HELP DONORS DECIDE WHERE TO GIVE.

Activities or mission (Part I)

GIVEWELL IS DEDICATED TO FINDING OUTSTANDING GIVING OPPORTUNITIES AND PUBLISHING THE FULL DETAILS OF OUR ANALYSIS TO HELP DONORS DECIDE WHERE TO GIVE.

  • GIVEWELL PUBLISHED 37 PAGES DESCRIBING GRANTS TO TOP CHARITIES AND NEW GRANTS. PUBLISHED EIGHT RESEARCH REPORTS ON NEW PROGRAMS AND INTERVENTIONS AND EIGHT SHORT REPORTS ON PROGRAMS WE LOOKED INTO. UPDATED PARAMETERS IN OUR TOP CHARITIES COST-EFFECTIVENESS MODEL AND PUBLISHED THESE CHANGES. IT IS ESTIMATED THAT MORE THAN $250 MILLION IN DONATIONS MADE TO RECOMMENDED CHARITIES WERE MADE AS A RESULT OF OUR RESEARCH. RECOMMENDED $100 MILLION IN GRANTS TO PROGRAMS OTHER THAN OUR TOP RECOMMENDED CHARITIES.

    Expenses $147,981,869 · Grants $138,375,405

As filed on the 2022 return.

Listed in Part VII

  • TIM OGDEN

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • HOLDEN KARNOFSKY

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CARI TUNA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JULIA WISE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NORMA ALTSHULER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ELIE HASSENFELD

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $387,947
    From this org
    $355,000
    From related orgs
    $0
    Other
    $32,947
    Hours/week
    39.6 + 0.4 related

    Schedule J breakdown matched by us

    Base
    $355,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $32,947
    Filer's total
    $387,947

  • WHITNEY RIDER

    SECRETARY/HEAD OF HR & BUSINESS OPS

    Total calculated
    $287,313
    From this org
    $285,750
    From related orgs
    $0
    Other
    $1,563
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $285,750
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $1,563
    Filer's total
    $287,313

  • NATALIE CRISPIN

    TREASURER/SENIOR PROGRAM OFFICER

    Total calculated
    $217,864
    From this org
    $209,226
    From related orgs
    $0
    Other
    $8,638
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,226
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,638
    Filer's total
    $217,864

  • STEPHANIE STOJANOVIC

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $279,663
    From this org
    $263,768
    From related orgs
    $0
    Other
    $15,895
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $263,768
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $15,895
    Filer's total
    $279,663

  • TERYN MATTOX

    SENIOR PROGRAM OFFICER

    Total calculated
    $230,785
    From this org
    $221,709
    From related orgs
    $0
    Other
    $9,076
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,709
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,076
    Filer's total
    $230,785

  • BENJAMIN BATEMAN

    DIRECTOR OF OPERATIONS

    Total calculated
    $221,673
    From this org
    $213,230
    From related orgs
    $0
    Other
    $8,443
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,230
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,443
    Filer's total
    $221,673

  • ALEX COHEN

    SENIOR RESEARCHER

    Total calculated
    $206,068
    From this org
    $180,088
    From related orgs
    $0
    Other
    $25,980
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,088
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $25,980
    Filer's total
    $206,068

  • JULIE FALLER

    PROGRAM OFFICER

    Total calculated
    $200,862
    From this org
    $173,791
    From related orgs
    $0
    Other
    $27,071
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,791
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $27,071
    Filer's total
    $200,862

  • MARINELLA CAPRIATI

    PROGRAM OFFICER

    Total calculated
    $200,413
    From this org
    $177,619
    From related orgs
    $0
    Other
    $22,794
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,619
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $22,794
    Filer's total
    $200,413

  • CHARLENE ABELLANA

    CONTROLLER (THRU 11/2/22)

    Total calculated
    $182,212
    From this org
    $173,016
    From related orgs
    $0
    Other
    $9,196
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,749
    Bonus
    $0
    Other
    $46,267
    Deferred
    $0
    Nontaxable benefits
    $9,196
    Filer's total
    $182,212

  • ERIN CROSSETT

    PROGRAM OFFICER

    Total calculated
    $175,020
    From this org
    $161,761
    From related orgs
    $0
    Other
    $13,259
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,761
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13,259
    Filer's total
    $175,020

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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 4A
CHARLENE ABELLANA, CONTROLLER, RECEIVED $46,267 IN SEVERANCE PAYMENTS.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • GIVEWELL UK

    501(C)(3) · GRANTMAKING · UK · controlled entity

    Directly controlled by THE CLEAR FUND

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202343189349317489

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.