Civic Intelligence

Clf Ventures Inc.

990 • Fiscal year 2017 • EIN 04-3355728

Aug 01, 2016 to Jul 31, 2017 • Filed on Jun 08, 2018

62 Summer StreetBoston, MA 02110

(617) 350-0990

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

6.54x

Higher debt load relative to assets than 99% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

99th percentile

8.26x

Higher debt load relative to revenue than 99% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

3rd percentile

-231%

Higher net margin than 3% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

99th percentile

$243,098

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 157.2% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

11th percentile

-42%

Faster asset growth than 11% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

4th percentile

-76%

Faster revenue growth than 4% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$195,285

Down $142,106 (-42%) from 2016

Net Assets

Down

-$1,081,705

Down $357,517 (-49%) from 2016

Liabilities

Up

$1,276,990

Up $215,411 (+20%) from 2016

Revenue

Down

$154,641

Down $481,360 (-76%) from 2016

Expenses

Down

$512,158

Down $452,368 (-47%) from 2016

Net Income

Down

-$357,517

Down $28,992 (-8.8%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2011: $885,732Liabilities 2011: $1,107,933Net Assets 2011: -$222,2012011Assets 2012: $523,312Liabilities 2012: $1,076,975Net Assets 2012: -$553,6632012Assets 2013: $556,319Liabilities 2013: $1,249,037Net Assets 2013: -$692,7182013Assets 2014: $358,449Liabilities 2014: $1,156,775Net Assets 2014: -$798,3262014Assets 2015: $1,195,516Liabilities 2015: $1,591,179Net Assets 2015: -$395,6632015Assets 2016: $337,391Liabilities 2016: $1,061,579Net Assets 2016: -$724,1882016Assets 2017: $195,285Liabilities 2017: $1,276,990Net Assets 2017: -$1,081,7052017Assets 2018: $219,763Liabilities 2018: $1,368,968Net Assets 2018: -$1,149,2052018Assets 2019: $278,524Liabilities 2019: $1,470,091Net Assets 2019: -$1,191,5672019Assets 2020: $286,895Liabilities 2020: $1,539,454Net Assets 2020: -$1,252,5592020Assets 2021: $282,527Liabilities 2021: $1,613,309Net Assets 2021: -$1,330,7822021Assets 2022: $373,182Liabilities 2022: $1,747,755Net Assets 2022: -$1,374,5732022Assets 2023: $61,758Liabilities 2023: $1,410,823Net Assets 2023: -$1,349,0652023Assets 2024: $169,271Liabilities 2024: $1,489,330Net Assets 2024: -$1,320,0592024

Highlighted filing

2017

Assets$195,285
Liabilities$1,276,990
Net Assets-$1,081,705

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2011: $1,589,3922011Expenses 2012: $1,634,9952012Revenue 2013: $561,651Expenses 2013: $700,706Net Income 2013: -$139,0552013Revenue 2014: $407,086Expenses 2014: $512,693Net Income 2014: -$105,6072014Revenue 2015: $1,672,122Expenses 2015: $1,269,460Net Income 2015: $402,6622015Revenue 2016: $636,001Expenses 2016: $964,526Net Income 2016: -$328,5252016Revenue 2017: $154,641Expenses 2017: $512,158Net Income 2017: -$357,5172017Revenue 2018: $513,662Expenses 2018: $581,162Net Income 2018: -$67,5002018Revenue 2019: $357,831Expenses 2019: $400,193Net Income 2019: -$42,3622019Revenue 2020: $82,954Expenses 2020: $143,946Net Income 2020: -$60,9922020Revenue 2021: $384,360Expenses 2021: $462,583Net Income 2021: -$78,2232021Revenue 2022: $242,386Expenses 2022: $286,177Net Income 2022: -$43,7912022Revenue 2023: $634,955Expenses 2023: $609,372Net Income 2023: $25,5832023Revenue 2024: $262,951Expenses 2024: $233,945Net Income 2024: $29,0062024

Highlighted filing

2017

Revenue$154,641
Expenses$512,158
Net Income-$357,517
Jump To
Filing Snapshot
Filing Period
Aug 1, 2016 to Jul 31, 2017
Signed
Jun 8, 2018
Return Version
2016v3.0
Gross Receipts
$154,641
Mission and Program Overview

Mission

To pursue business and investment opportunities which conserve natural resources and demonstrate to clients how to become a force to protect nature, not diminish it, while conducting their business.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$92,719$100,786▲ $8,067
Pledges and Grants Receivable$211,095$75,798▼ $135,297
Accounts Receivable$33,427$18,554▼ $14,873
Cash and Non-Interest-Bearing Accounts$150$147▼ $3
Total Assets$337,391$195,285▼ $142,106
Liabilities
Other Liabilities$990,687$1,235,247▲ $244,560
Accounts Payable and Accrued Expenses$70,892$41,743▼ $29,149
Total Liabilities$1,061,579$1,276,990▲ $215,411
Net Assets / Fund Balance
Temporarily Rstr Net Assets$274,682$21,725▼ $252,957
Unrestricted Net Assets$-998,870$-1,103,430▼ $104,560
Total Net Assets Fund Balance$-724,188$-1,081,705▼ $357,517
Total Liabilities and Net Assets / Fund Balance$337,391$195,285▼ $142,106

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$9,108,067$462,827▲ $1,258,926$468,028$10,361,792
2015$9,069,428$263,454▲ $310,617$535,432$9,108,067
2014$8,315,813$482,085▲ $657,007$385,477$9,069,428
2013$8,331,420$75,130▲ $636,392$727,129$8,315,813
2012$7,465,151$273,242▲ $1,003,429$410,402$8,331,420
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Carol Renee GregoryVP of Communications & Mar-$147,972$147,972
Sean MahoneyExecutive VP and Director,-$145,123$145,123
Erin MakiDirector of Finance-$95,937$95,937
William ColemanSenior VP, CLF VenturesPT$64,399$64,399

Board Members and Trustees

NameTitle
Eugene H ClappChairman
Bradley CampbellPresident
Peter NessenVice Chairman
Andy FalenderDirector
Eugene BernatDirector
Gordon Hall IiiDirector
Jacquie L KayDirector
John B French EsqDirector
John T GoodhueDirector
Michael B MoskowDirector
Paula W Gold EsqDirector
Sara MolyneauxDirector
Tricia K JedeleVP and Director of Rhode Island
Peter ShelleySenior Counsel
Katharine GroveVP of Development
Revenue and Support

Revenue Composition

Contributions and Grants
$153,761
Program Service Revenue
$880
Investment Income
$0
Other Revenue
$0
All Other Contributions
$22,600
Change in Net Assets
$-357,517
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$234,969
Grants and Similar Amounts Paid$212,342
Other Expenses$64,847
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$212,342--$212,342
Other Salaries and Wages$194,050$18,164-$212,214
Fees for Services Other$21,504$45-$21,549
Payroll Taxes$15,365$770-$16,135
Fees for Services Accounting-$8,541-$8,541
Insurance-$7,820-$7,820
Other Employee Benefits$6,304$316-$6,620
Advertising$5,686$198-$5,884
Travel$5,214--$5,214
Conferences and Meetings$2,932$386-$3,318
Information Technology$505$1,191-$1,696
Office Expenses$750--$750
Other Expenses$100$294-$394
All Other Expenses-$360-$360
Total Functional Expenses$473,970$38,188$0$512,158
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mj Bradley & Associates LLCConcord, MAFor-profit CorpEpa Clean Diesel & Project Spirit Projects$25,854
Boston Harbor CruisesBoston, MAFor-profit CorpEpa Clean Diesel & Project Spirit Projects$21,637
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due To/from Parent$1,235,247
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization is a supporting organization of the conservation law foundation, inc., which is its sole member.

Form 990, Part VI, Section A, Line 7A

The organization's sole member, the conservation law foundation, inc., elects its board of directors, which is its governing body.

Form 990, Part VI, Section B, Line 11B

Prior to filing with the internal revenue service, members of the organization's management and the finance committee of the board of trustees of the organization's sole member, conservation law foundation, inc., review the form 990 before it is submitted to the full board for review.

Form 990, Part VI, Section B, Line 12C

Conflict of interest disclosure forms are required to be completed annually. Transactions potentially involving conflicts of interest are identified by management and given special attention by counsel. Any individuals with a conflict are prohibited from participating in the deliberation and resolution of the conflict.

Form 990, Part VI, Section B, Line 15A

The compensation of the ceo of the organization is determined by the president of the organization's sole member, the conservation law foundation, inc., based on performance, available comparability data and other factors, as appropriate. This is documented annually as part of the performance evaluation process.

Form 990, Part VI, Section C, Line 18

The organization makes its governing documents, conflicts of interest policy, and financial statements available to the public upon request.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflicts of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Clf Ventures Inc
EIN
04-3355728
Phone
6173500990
Address
62 SUMMER STREET, BOSTON, MA 02110

Signing Officer

Name
Bradley Campbell
Title
President
Phone
6173500990
Signed
2018-06-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bradley Campbell
Formed
1997
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
10
Employees
0
Volunteers
11

Preparer

Firm
Citrin Cooperman & Company Llp
Address
10 FORBES ROAD WEST, BRAINTREE, MA 02184
Preparer
Edward Berardi CPA Jd
Phone
7813562000
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Significant values are at stake clf, ventures develops and delivers solutions to environmental problems through market-based initiatives. We navigate complex technological and environmental problems involving a diversity of stakeholders, where good process is critical and significant values are at stake. Clf ventures works with corporate, government, and non-profit clients to: - innovate: we help entrepreneurs bring transformative, clean technologies and game-changing products to market. - incubate: we cultivate new business models that create shared value and improve the environment. - integrate: we help new and existing facilities integrate their operations with sound environmental principles. - initiate: we create vehicles and opportunities that propel investment models toward the triple bottom line. We help our clients: - develop strategies for managing risks in dynamic operating environments - craft clear communications to explain complex and/or technical information and processes - gain insight into external stakeholder concerns and implement strategies to improve stakeholder relationships - advance products and projects with triple-bottom-line benefits - launch new projects or re-position old assets - evaluate and identify ways to improve environmental performance

FORM 990, PART XII, LINE 2C:

There have been no changes from the prior year in the methods used by the committee responsible for oversight of the audit of the financial statements and selection of an independent accountant.

Financial Statement Notes

PART V, LINE 4:

Conservation law foundation, inc., a related organization, uses its endowment funds to support new or under-funded programs.

PART X, LINE 2:

The organization is a not-for-profit organization that is exempt from federal and state corporate income taxes under section 501(c)(3) of the internal revenue code (the code). Accordingly, no provision for income taxes has been included in the accompanying financial statements. Contributions to the organization are deductible for income tax purposes to the maximum extent allowed under the code. Accounting principles generally accepted in the united states of america require the organization management to evaluate tax positions taken by the foundation and recognize a tax liability (or asset) if the organization has taken an uncertain position that more than likely than not would not be sustained upon examination by the internal revenue service (irs). Management has analyzed the tax positions taken by the organization, and has concluded that as of july 31, 2017, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The organization is subject to routine audits by taking jurisdictions; however, there are currently no audits for any tax periods in progress.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9SENIOR VP, CLF VENTURES
IRS990/Form990PartVIISectionAGrp/TitleTxt10EXECUTIVE VP AND DIRECTOR,
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP OF COMMUNICATIONS & MAR
IRS990/Form990PartVIISectionAGrp/TitleTxt16SENIOR COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP OF DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt18VP AND DIRECTOR OF RHODE ISLAND
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.17$1.49$1.32$0.26$0.23$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.06$1.41$1.35$0.63$0.61$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.37$1.75$1.37$0.24$0.29$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.28$1.61$1.33$0.38$0.46$0.08
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$1.54$1.25$0.08$0.14$0.06
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$1.47$1.19$0.36$0.40$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.22$1.37$1.15$0.51$0.58$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.20$1.28$1.08$0.15$0.51$0.36
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.34$1.06$0.72$0.64$0.96$0.33
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$1.59$0.40$1.67$1.27$0.40
2014Detailed filing. Detailed filing data is available for this year.$0.36$1.16$0.80$0.41$0.51$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$1.25$0.69$0.56$0.70$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$1.08$0.55$1.63
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$1.11$0.22$1.59
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • <$500k nonprofits