Civic Intelligence

The Clearfield Foundation Inc

EIN 25-1152189 • 501(c)4 • Clearfield, PA

Profile

Enhance economic development by industrial promotion and job development

PO Box 250Clearfield, PA 16830

www.clearlyahead.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2022

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2022

Top Officer Pay

91st percentile

$0

Higher top officer pay than 91% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2022

Asset Growth

7th percentile

-100%

Faster asset growth than 7% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2020 to 2022

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2020 to 2022

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $9,348,749 (-100%) from 2020

Liabilities

Down

$0

Down $3,535,004 (-100%) from 2020

Net Assets

Down

$0

Down $5,813,745 (-100%) from 2020

Operations
Liabilities / RevenueScore unavailableNet Margin99th percentile

Revenue

Down

-$5,813,761

Down $5,813,761 from 2020

Expenses

Down

$0

Down $120,984 (-100%) from 2020

Net Income

Down

-$5,813,761

Down $5,692,777 (-4705%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth7th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2010: $11,599,796Liabilities 2010: $5,409,978Net Assets 2010: $6,189,8182010Assets 2012: $11,913,886Liabilities 2012: $4,879,175Net Assets 2012: $7,034,7112012Assets 2013: $11,782,233Liabilities 2013: $4,832,837Net Assets 2013: $6,949,3962013Assets 2014: $11,676,028Liabilities 2014: $3,806,953Net Assets 2014: $7,869,0752014Assets 2015: $11,107,711Liabilities 2015: $3,806,910Net Assets 2015: $7,300,8012015Assets 2016: $10,173,300Liabilities 2016: $3,569,188Net Assets 2016: $6,604,1122016Assets 2017: $10,174,266Liabilities 2017: $3,576,188Net Assets 2017: $6,598,0782017Assets 2018: $10,172,746Liabilities 2018: $3,578,188Net Assets 2018: $6,594,5582018Assets 2019: $9,351,917Liabilities 2019: $3,417,188Net Assets 2019: $5,934,7292019Assets 2020: $9,348,749Liabilities 2020: $3,535,004Net Assets 2020: $5,813,7452020Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2022

Assets$0
Liabilities$0
Net Assets$0
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$0-$2.0M-$4.0M-$6.0MExpenses 2010: $371,8442010Expenses 2012: $355,4052012Revenue 2013: $148,134Expenses 2013: $233,449Net Income 2013: -$85,3152013Revenue 2014: $1,065,382Expenses 2014: $145,703Net Income 2014: $919,6792014Revenue 2015: $17,502Expenses 2015: $585,776Net Income 2015: -$568,2742015Revenue 2016: -$681,927Expenses 2016: $14,762Net Income 2016: -$696,6892016Revenue 2017: $0Expenses 2017: $6,034Net Income 2017: -$6,0342017Revenue 2018: $575Expenses 2018: $4,095Net Income 2018: -$3,5202018Revenue 2019: -$649,175Expenses 2019: $10,654Net Income 2019: -$659,8292019Revenue 2020: $0Expenses 2020: $120,984Net Income 2020: -$120,9842020Revenue 2022: -$5,813,761Expenses 2022: $0Net Income 2022: -$5,813,7612022

Highlighted filing

2022

Revenue-$5,813,761
Expenses$0
Net Income-$5,813,761
Open 2022 Filing

Filings

Most recent year

2022 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
-$5,813,761
Expenses
$0
Net income
-$5,813,761
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$5.81$0.00$5.81
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.35$3.54$5.81$0.00$0.12$0.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.35$3.42$5.93$0.65$0.01$0.66
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$3.58$6.59$0.00$0.00$0.00
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$3.58$6.60$0.00$0.01$0.01
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$3.57$6.60$0.68$0.01$0.70
2015Detailed filing. Detailed filing data is available for this year.$11.1$3.81$7.30$0.02$0.59$0.57
2014Detailed filing. Detailed filing data is available for this year.$11.7$3.81$7.87$1.07$0.15$0.92
2013Detailed filing. Detailed filing data is available for this year.$11.8$4.83$6.95$0.15$0.23$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.9$4.88$7.03$0.36
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.6$5.41$6.19$0.37
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 6, 2023
Return Version
2022v5.0
Gross Receipts
$61,108
Mission and Program Overview

Mission

Enhance economic development by industrial promotion and job development

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,348,623$0▼ $9,348,623
Cash and Non-Interest-Bearing Accounts$142$0▼ $142
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$9,348,765$0▼ $9,348,765
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,503,754--
Unsecured Notes Loans Payable$21,250--
Accounts Payable and Accrued Expenses$10,000--
Total Liabilities$3,535,004$0▼ $3,535,004
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,813,761--
Total Net Assets Fund Balance$5,813,761$0▼ $5,813,761
Total Liabilities and Net Assets / Fund Balance$9,348,765$0▼ $9,348,765
Compensation and Service Providers
Top Officer Pay91st percentile

Board Members and Trustees

NameTitle
C Eric JohnsonPresident
Kc LezzerVice President
William a ShinerSecretary
Richard L GreslickTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$-5,874,869
Other Revenue
$61,108
Change in Net Assets
$-5,813,761
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Board of directors were requested to review the form 990 before it was efiled to the internal revenue service.”

Form 990, Part VI, Section C, Line 19

“Documents are available for public inspection upon request.”

Filing and Contact Details

Filer

Filer Name
The Clearfield Foundation Inc
EIN
25-1152189
Phone
8147687838
Address
PO BOX 250, CLEARFIELD, PA 16830

Signing Officer

Name
William Shiner
Title
Secretary
Signed
2023-11-06
Discuss with paid preparer
Yes

Organization Details

Formed
1939
Legal Domicile
Pa
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Walter Hopkins & Company LLP
Address
1107 Linden Street / PO Box 910-A, Clearfield, PA 16830
Preparer
Katherine B Eckley CPA
Phone
8147657876
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“Several years ago, the commonwealth financing authority, department of community and economic development, had granted a grant/loan amount to the foundation to improve the industrial park. When a parcel of land was sold to a new business, a portion of the proceeds would repay the loan amount to the commonwealth financing authority and the foundation would retain the remaining proceeds to continue its mission of economic development. With several years of not being able to attract businesses to expand and/or locate in the industrial park and sell property, it was decided by all parties involved that the industrial park land would be turned over to the commonwealth financing authority thru a deed in lieu of foreclosure. Total loan outstanding at the time of the transfer was $3,473,754. With this transaction, the loan was paid in full and the foundation ceased to own any land or assets in the industrial park. Economic development activities were turned over to another local organization.”

Raw XML Appendix317 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/CntrctRcvdGreaterThan100KCnt00
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IRS990/CYTotalRevenueAmt0-5813761
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IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0INDUSTRIAL PROMOTION AND JOB DEVELOPMENT THROUGH COORDINATING EFFORTS TO ASSIST BUSINESSES TO EXPAND AND/OR LOCATE TO THE CLEARFIELD/CURWENSVILLE AREA. ALSO, MAINTAINING INDUSTRIAL PARK FOR POTENTIAL COMMERCIAL PROSPECTS AND PROMOTING THE AREA TO BUSINESSES SEARCHING FOR A NEW LOCATION.
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IRS990/EmployeeCnt00
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IRS990/FinalReturnInd0X
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0C ERIC JOHNSON
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IRS990/Form990PartVIISectionAGrp/PersonNm2RICHARD L GRESLICK
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01939
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt0-5874869
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
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IRS990/GrantsToIndividualsInd0false
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IRS990/GrossReceiptsAmt061108
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IRS990/MethodOfAccountingAccrualInd0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SEVERAL YEARS AGO, THE COMMONWEALTH FINANCING AUTHORITY, DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT, HAD GRANTED A GRANT/LOAN AMOUNT TO THE FOUNDATION TO IMPROVE THE INDUSTRIAL PARK. WHEN A PARCEL OF LAND WAS SOLD TO A NEW BUSINESS, A PORTION OF THE PROCEEDS WOULD REPAY THE LOAN AMOUNT TO THE COMMONWEALTH FINANCING AUTHORITY AND THE FOUNDATION WOULD RETAIN THE REMAINING PROCEEDS TO CONTINUE ITS MISSION OF ECONOMIC DEVELOPMENT. WITH SEVERAL YEARS OF NOT BEING ABLE TO ATTRACT BUSINESSES TO EXPAND AND/OR LOCATE IN THE INDUSTRIAL PARK AND SELL PROPERTY, IT WAS DECIDED BY ALL PARTIES INVOLVED THAT THE INDUSTRIAL PARK LAND WOULD BE TURNED OVER TO THE COMMONWEALTH FINANCING AUTHORITY THRU A DEED IN LIEU OF FORECLOSURE. TOTAL LOAN OUTSTANDING AT THE TIME OF THE TRANSFER WAS $3,473,754. WITH THIS TRANSACTION, THE LOAN WAS PAID IN FULL AND THE FOUNDATION CEASED TO OWN ANY LAND OR ASSETS IN THE INDUSTRIAL PARK. ECONOMIC DEVELOPMENT ACTIVITIES WERE TURNED OVER TO ANOTHER LOCAL ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD OF DIRECTORS WERE REQUESTED TO REVIEW THE FORM 990 BEFORE IT WAS EFILED TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt00
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03535004
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05813761
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-5813761
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-5813761
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09348765
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt021250
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 250
IRS990/USAddress/CityNm0CLEARFIELD
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd016830
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.CLEARLYAHEAD.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM SHINER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE CLEARFIELD FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0CLEA
ReturnHeader/Filer/EIN0251152189
ReturnHeader/Filer/PhoneNum08147687838
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 250
ReturnHeader/Filer/USAddress/CityNm0CLEARFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd016830
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0251065143
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Walter Hopkins & Company LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01107 Linden Street / PO Box 910-A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Clearfield
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd016830
ReturnHeader/PreparerPersonGrp/PhoneNum08147657876
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KATHERINE B ECKLEY CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-11-06T06:57:48-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0WILLIAM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SHINER
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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