Clearway Foundation A Nonprofit Corp in Lake Forest, California (CA)
Table of contents:
| Clearway Foundation A Nonprofit Corp | |
| Employer Identification Number (EIN) | 953510030 |
| Name of Organization | Clearway Foundation A Nonprofit Corp |
| Address | 27212 Valleymont Rd, Lake Forest, CA 92630-5830 |
| Activities | Non financial services of facilities to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 09/1984 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 03/2014 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $82,013 |
| Amount of Income | $192,344 |
| Form 990 Revenue Amount | $192,344 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2014: $192,344 (it was $76,496 in 2013)
| Clearway Foundation A Nonprofit Corp: | $192,344 |
| Other organizations performing similar types of work: | $120,021 |
Assets in 2014: $82,013 (it was $13,181 in 2013)
| This organization: | $82,013 |
| Other organizations performing similar types of work: | $470,342 |
Expenses in 2014: $123,512
| Clearway Foundation A Nonprofit Corp: | $123,512 |
| Other organizations performing similar types of work: | $61,754 |
Income to expenses ratio in 2014: 1.6
| This organization: | 1.6 |
| Other organizations performing similar types of work: | 2.0 |
Grants share in income in 2014: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 0.0% |
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $130,827 | $76,496 | $192,344 |
| Contributions, gifts, grants, and similar amounts received | $130,827 | $76,496 | $192,344 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $126,140 | $109,659 | $123,512 |
| Total net assets | $46,344 | $13,181 | $82,013 |
| Excess/Deficit for the year | $4,687 | $-33,163 | $68,832 |
| Net assets or fund balances at beginning of year | $41,657 | $46,344 | $13,181 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $13,181 | $82,013 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $46,344 | $13,181 | $82,013 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $46,344 | $13,181 | $82,013 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $721,294 |
| Subtotal Support | $721,294 |
| Gifts, grants, contributions, and membership fees received | $721,294 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $721,300 |
| Public Support | $721,294 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $6 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Stover Foundation 09-19-96 | 1375 Grand Ave, Piedmont, CA 94610-1075 | CA | 1997-09 | $6,779,984 |
| 2 | Tulley And Elise Friedman Fund | 65 Raycliff Ter, San Francisco, CA 94115-1108 | CA | 1997-08 | $3,477,678 |
| 3 | The@christine Zecca Foundation C/O Christine Zecca | 5 Marion Ave, Sausalito, CA 94965-2521 | CA | 1997-12 | $3,270,597 |
| 4 | Samueli Foundation | 2101 E Pch 300, Corona Del Mar, CA 92625 | CA | 1997-06 | $2,568,360 |
| 5 | Wm Knight Russell Family Foundation | 8 Canyon Fairway Dr, Newport Beach, CA 92660-5916 | CA | 1996-10 | $1,892,999 |
| 6 | V O Smith Family Foundation | 2308 Tree Creek Pl, Danville, CA 94506-2064 | CA | 1998-11 | $1,340,044 |
| 7 | Steven Gordon Family Foundation | 9990 Santa Monica Blvd, Beverly Hills, CA 90212-1607 | CA | 1997-12 | $1,297,001 |
| 8 | Strauss Family Foundation | 7887 Revelle Dr, La Jolla, CA 92037-3539 | CA | 1998-03 | $1,064,705 |
| 9 | The Irma Penniman Kahn Conservation Education Foundation Inc, Kahn Irma P Ttee | PO BOX 1899, Modesto, CA 95353-1899 | CA | 1998-04 | $1,049,030 |
| 10 | Stephen Harold Schimmel Foundation | 8 Archipelago Dr, Newport Coast, CA 92657-2106 | CA | 1995-09 | $836,827 |
| 11 | Sanders Family Foundation | 10100 Sunbrook Dr, Beverly Hills, CA 90210-2032 | CA | 1997-06 | $668,282 |
| 12 | The@bradford & Lauren Koenig Foundation | C/O Seiler Llp, Redwood City, CA 94065 | CA | 1998-05 | $634,668 |
| 13 | Solomon R & Rebecca D Baker Foundation Inc | 614 N Alpine Dr, Beverly Hills, CA 90210-3304 | CA | 1997-02 | $633,226 |
| 14 | The Steven And Lottie Walker Family Foundation | 6505 Wilshire Blvd Ste 1200, Los Angeles, CA 90048-4960 | CA | 1987-05 | $536,523 |
| 15 | Sinder Family Foundation | 6505 Wilshire Blvd Ste 1200, Los Angeles, CA 90048-4960 | CA | 1987-08 | $319,311 |
| 16 | Ruth & Sonny Singer Foundation | 6505 Wilshire Blvd Ste 1200, Los Angeles, CA 90048-4960 | CA | 1992-05 | $272,445 |
| 17 | The Golden Charitable Foundation Trust, Krider Richard Co Ttee | 100 Clock Tower Pl Ste 120, Carmel, CA 93923-8771 | CA | 1998-03 | $270,093 |
| 18 | Urbanek Family Foundation | 180 Harbor Dr Ste 205, Sausalito, CA 94965-2842 | CA | 1997-05 | $259,803 |
| 19 | Suzie S Thorn Family Foundation | 1242 Market St Fl 5, San Francisco, CA 94102-4814 | CA | 1997-05 | $247,952 |
| 20 | Shirley And Burt Harris Family Foundation | 6505 Wilshire Blvd Ste 1200, Los Angeles, CA 90048-4960 | CA | 1990-10 | $238,463 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,744 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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