Civic Intelligence

Clear Thoughts Foundation

990 • Fiscal year 2022 • EIN 27-3778734

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

3000 Village Run Rd 225Wexford, PA 15090

(412) 407-7170

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.00x

Higher debt load relative to assets than 62% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

64th percentile

0.01x

Higher debt load relative to revenue than 64% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

23rd percentile

-13%

Higher net margin than 23% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

34th percentile

-7.7%

Faster asset growth than 34% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

37th percentile

-3.0%

Faster revenue growth than 37% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$271,189

Down $22,580 (-7.7%) from 2021

Net Assets

Down

$269,973

Down $23,571 (-8.0%) from 2021

Liabilities

Up

$1,216

Up $991 (+440%) from 2021

Revenue

Down

$178,994

Down $5,492 (-3.0%) from 2021

Expenses

Up

$202,565

Up $124,929 (+161%) from 2021

Net Income

Down

-$23,571

Down $130,421 (-122%) from 2021

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2017: $254,959Liabilities 2017: $11,448Net Assets 2017: $243,5112017Assets 2018: $263,556Liabilities 2018: $3,483Net Assets 2018: $260,0732018Assets 2019: $308,395Liabilities 2019: $2,449Net Assets 2019: $305,9462019Assets 2020: $203,838Liabilities 2020: $17,144Net Assets 2020: $186,6942020Assets 2021: $293,769Liabilities 2021: $225Net Assets 2021: $293,5442021Assets 2022: $271,189Liabilities 2022: $1,216Net Assets 2022: $269,9732022Assets 2023: $297,310Liabilities 2023: $2,953Net Assets 2023: $294,3572023Assets 2024: $251,119Liabilities 2024: $2,374Net Assets 2024: $248,7452024

Highlighted filing

2022

Assets$271,189
Liabilities$1,216
Net Assets$269,973

Operations Trend

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

$300K$200K$100K$0-$100K-$200KRevenue 2017: $116,755Expenses 2017: $29,887Net Income 2017: $86,8682017Revenue 2018: $105,370Expenses 2018: $88,808Net Income 2018: $16,5622018Revenue 2019: $123,947Expenses 2019: $78,074Net Income 2019: $45,8732019Revenue 2020: $106,341Expenses 2020: $225,593Net Income 2020: -$119,2522020Revenue 2021: $184,486Expenses 2021: $77,636Net Income 2021: $106,8502021Revenue 2022: $178,994Expenses 2022: $202,565Net Income 2022: -$23,5712022Revenue 2023: $210,968Expenses 2023: $213,403Net Income 2023: -$2,4352023Revenue 2024: $201,064Expenses 2024: $247,027Net Income 2024: -$45,9632024

Highlighted filing

2022

Revenue$178,994
Expenses$202,565
Net Income-$23,571
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$232,312
Mission and Program Overview

Mission

Clear thoughts foundation (organization") is a nonprofit corporation whose overall mission is to provide monetary and other resource assistance necessary for screening and discovery of drugs to treat frontotemporal dementia ("ftp"), alzheimer's, and other related forms of dementia.

Clear thoughts foundation (ctf) is a 501(c)(3) nonprofit organization with a mission to fund the discovery of breakthrough drugs and novel treatments to eliminate dementia.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$293,544$269,973▼ $23,571
Cash and Non-Interest-Bearing Accounts$262,390$242,287▼ $20,103
Investments Other Securities$15,315$15,315→ $0
Accounts Receivable$12,464$9,987▼ $2,477
Prepaid Expenses and Deferred Charges$3,600$3,600→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$293,769$271,189▼ $22,580
Liabilities
Accounts Payable and Accrued Expenses$225$1,216▲ $991
Total Liabilities$225$1,216▲ $991
Net Assets / Fund Balance
Total Net Assets Fund Balance$293,544$269,973▼ $23,571
Total Liabilities and Net Assets / Fund Balance$293,769$271,189▼ $22,580

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$15,315--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Hayley D JamesonPresident
Adam ZaccariBoard Member
Lisa SevcikBoard Member
Matthew JamesonSecretary
Megan MarkleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$137,773
Program Service Revenue
$0
Investment Income
$691
Other Revenue
$40,530
All Other Contributions
$137,773
Change in Net Assets
$-23,571
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$100,000
Salaries, Compensation, and Employee Benefits$76,175
Other Expenses$26,390
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$100,000--$100,000
Current Officers, Directors, Trustees, and Key Employees-$66,154-$66,154
Fees for Services Legal-$6,770-$6,770
Office Expenses-$6,046-$6,046
Other Employee Benefits-$5,331-$5,331
Payroll Taxes-$4,690-$4,690
Travel-$255-$255
Other Expenses-$153-$153
Information Technology-$80-$80
Total Functional Expenses$100,000$102,565$0$202,565
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$93,848
Fundraising Direct Expenses$53,318
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Roll for a Reason Gala$93,848$93,848$16,496$77,352
Total Events$93,848$93,848$53,318$40,530
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Hayley and matthew jameson are sister/brother.

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

The organization provides a complete copy of the form 990 to all members of its governing body after the return has been filed.

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

Board of directors are required to sign a document confirmation of conflicts of interest upon being voted in as board member and are required to notify the organization of any changes of conflict of interest.

Form 990, Part VI, Section C, Line 18

They are on the irs website and available upon request.

Form 990, Part VI, Section C, Line 19

All governing documents and financial statements are filed at organization and are available for public inspection.

Filing and Contact Details

Filer

Filer Name
Clear Thoughts Foundation
EIN
27-3778734
Phone
4124077170
Address
3000 VILLAGE RUN RD 225, WEXFORD, PA 15090

Signing Officer

Name
Megan Markley
Title
Treasurer
Phone
4124077170
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hayley D Jameson
Formed
2010
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
3
Employees
1
Volunteers
25

Preparer

Firm
Louis Plung & Company Llp
Address
420 FT DUQUESNE BLVD STE 1900, PITTSBURGH, PA 15222
Preparer
Joseph C Zovko
Phone
4122818771
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 1:

INCOME TAX BASIS

Form 990, XII, Line2c

There were no changes to the process during the year.

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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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IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt016496
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt016496
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt08090
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt08090
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0100000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0RESEARCH ACTIVITY GRANT
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HAYLEY AND MATTHEW JAMESON ARE SISTER/BROTHER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION PROVIDES A COMPLETE COPY OF THE FORM 990 TO ALL MEMBERS OF ITS GOVERNING BODY AFTER THE RETURN HAS BEEN FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OF DIRECTORS ARE REQUIRED TO SIGN A DOCUMENT CONFIRMATION OF CONFLICTS OF INTEREST UPON BEING VOTED IN AS BOARD MEMBER AND ARE REQUIRED TO NOTIFY THE ORGANIZATION OF ANY CHANGES OF CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THEY ARE ON THE IRS WEBSITE AND AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE FILED AT ORGANIZATION AND ARE AVAILABLE FOR PUBLIC INSPECTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5INCOME TAX BASIS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THERE WERE NO CHANGES TO THE PROCESS DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, XII, LINE2C
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt0271189
IRS990/TotalAssetsGrp/BOYAmt0293769
IRS990/TotalAssetsGrp/EOYAmt0271189
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0137773
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0102565
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0100000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0202565
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0225
IRS990/TotalLiabilitiesEOYAmt01216
IRS990/TotalLiabilitiesGrp/BOYAmt0225
IRS990/TotalLiabilitiesGrp/EOYAmt01216
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0293544
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0269973
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0100000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt041221
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0178994
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0293769
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0271189
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0255
IRS990/TravelGrp/TotalAmt0255
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03000 VILLAGE RUN RD 225
IRS990/USAddress/CityNm0WEXFORD
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd015090
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.CLEARTHOUGHTSFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MEGAN MARKLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04124077170
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CLEAR THOUGHTS FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0CLEA
ReturnHeader/Filer/EIN0273778734
ReturnHeader/Filer/PhoneNum04124077170
ReturnHeader/Filer/USAddress/AddressLine1Txt03000 VILLAGE RUN RD 225
ReturnHeader/Filer/USAddress/CityNm0WEXFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd015090
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0251637458
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LOUIS PLUNG & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0420 FT DUQUESNE BLVD STE 1900
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PITTSBURGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd015222
ReturnHeader/PreparerPersonGrp/PhoneNum04122818771
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH C ZOVKO
ReturnHeader/ReturnTs02023-11-14T15:58:30-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MEGAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MARKLEY
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • <$500k nonprofits

Seaspeak LLC

501(c)3 • NTEE A25

Revenue$271,426
Assets$17,289

Revenue vs current organization

52% higher

Assets vs current organization

94% lower