Civic Intelligence

Clarion Project Foundation

EIN 88-0674285 • 501(c)3 • Orlando, FL

Profile

The primary purposes of the corporation is to: (a) solicit, hold, manage, invest, and distribute charitable funds and real property for; and (b) perform the functions of, or carry out the purposes of, clarion project, inc., the corporation's incorporator, sole member, and a charitable, tax-exempt organization described under section 501(c)(3) and 509(a)(1) or 509(a)(2) of the code.

1317 Edgewater Drive 1935Orlando, FL 32804

n/A

Siviq Scores

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

Liabilities / Assets

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

98th percentile

91%

Higher net margin than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

100th percentile

207156600%

Faster asset growth than 100% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

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

Annualized from 2023 to 2024

Assets

Up

$2,071,567

Up $2,071,567 from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$2,071,567

Up $2,071,567 from 2023

Revenue

Up

$41,001

Up $41,001 from 2023

Expenses

Up

$3,500

Up $3,500 from 2023

Net Income

Up

$37,501

Up $37,501 from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023Assets 2024: $2,071,567Liabilities 2024: $0Net Assets 2024: $2,071,5672024

Highlighted filing

2024

Assets$2,071,567
Liabilities$0
Net Assets$2,071,567

Operations Trend

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

$60K$40K$20K$0Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: $41,001Expenses 2024: $3,500Net Income 2024: $37,5012024

Highlighted filing

2024

Revenue$41,001
Expenses$3,500
Net Income$37,501

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$41,001
Mission and Program Overview

Mission

The primary purposes of the corporation is to: (a) solicit, hold, manage, invest, and distribute charitable funds and real property for; and (b) perform the functions of, or carry out the purposes of, clarion project, inc., the corporation's incorporator, sole member, and a charitable, tax-exempt organization described under section 501(c)(3) and 509(a)(1) or 509(a)(2) of the code.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$2,071,567-
Rtn Earn Endowment Incm Other Fnds$0$2,071,567▲ $2,071,567
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$2,071,567▲ $2,071,567
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$2,071,567▲ $2,071,567
Total Liabilities and Net Assets / Fund Balance$0$2,071,567▲ $2,071,567
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard GreenPresident
Ilan SharonDirector
Linda ChurchDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$41,001
Other Revenue
$0
Change in Net Assets
$37,501

Audited Revenue Reconciliation

Revenue per Audited Statements
$41,001
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,311,445
Total Revenue per Audited Statements
$2,352,446
Total Revenue per Form 990
$41,001
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,500
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$3,500-$3,500
Total Functional Expenses$0$3,500$0$3,500

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,649,768
Expenses Not Reported on Form 990$2,646,268
Expenses per Audited Statements$3,500
Total Expenses per Form 990$3,500
Expenses Not Reported on Financial Statements$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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 6

The foundation shall have one (1) class of member.

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

The member shall be entitled to one (1) membership vote. Except as otherwise provided in the bylaws, the member shall exercise its voting and other rights as a member through its president, or by a representative authorized by its president to act on behalf of the member, following approval of the board of directors of the member.

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

Governance decisions needs to be approved by the members.

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

Form 990 is not provided to board members before filing.

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

In connection with any actual or possible conflict of interest, an interested person must disclose the existence of any controlling interest, financial interest, ownership interest, or significant relationship and be given the opportunity to disclose all material facts to the board and committee members considering the proposed transaction or arrangement. In connection with any proposed transaction or arrangement with an organization that is under consideration by the foundation in which an interested person has a controlling interest, financial interest, ownership interest, or significant relationship, the board or committee considering the proposed transaction or arrangement (without the interested person) shall meet, discuss, and vote upon whether a conflict of interest exists. The interested person shall be given the opportunity to disclose any additional material facts related to his or her controlling interest, financial interest, ownership interest, or significant relationship and the proposed transaction or arrangement, either in writing, or by invitation, at the board or committee meeting during which the potential conflict of interest is being considered. If the board or committee members determine a conflict of interest exists the president of the board or committee shall, if appropriate, appoint a disinterested personor committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the board or committee shall determine whether the foundation can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the board or committee shall determine whether the transaction or arrangement is in the foundation's best interest, for its own benefit, and whether it is fair and reasonable. After the board or committee has completed its analysis, it shall vote on whether to enter into the transaction or arrangement. Approval shall be by majority vote of directors or committee members who are free of the conflict under consideration.

Form 990, Part VI, Section C, Line 19

The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The financial statements, articles of incorporation and by-laws are also available upon written request or by calling the organization directly.

Filing and Contact Details

Filer

Filer Name
Clarion Project Foundation
EIN
88-0674285
Phone
8886102221
Address
1317 EDGEWATER DRIVE 1935, ORLANDO, FL 32804

Signing Officer

Name
Richard Green
Title
President
Phone
8886102221
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Green
Formed
2022
Legal Domicile
Pa
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
PKF O'CONNOR DAVIES ADVISORY LLC
Address
300 TICE BOULEVARD SUITE 315, WOODCLIFF LAKE, NJ 07677
Preparer
Garrett M Higgins
Phone
2017129800
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Equity transfer from related party 2,019,171.

Financial Statement Notes

PART X, LINE 2:

The corporation recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Management has determined that the corporation had no uncertain tax positions that would require financial statement recognition or disclosure. The corporation is no longer subject to examinations by the applicable taxing jurisdictions for periods prior to december 31, 2021.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Revenue attributable to related organization 2,296,550.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Expense attributable to related organization 2,646,268.

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1REVENUE ATTRIBUTABLE TO RELATED ORGANIZATION 2,296,550.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2EXPENSE ATTRIBUTABLE TO RELATED ORGANIZATION 2,646,268.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION SHALL HAVE ONE (1) CLASS OF MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBER SHALL BE ENTITLED TO ONE (1) MEMBERSHIP VOTE. EXCEPT AS OTHERWISE PROVIDED IN THE BYLAWS, THE MEMBER SHALL EXERCISE ITS VOTING AND OTHER RIGHTS AS A MEMBER THROUGH ITS PRESIDENT, OR BY A REPRESENTATIVE AUTHORIZED BY ITS PRESIDENT TO ACT ON BEHALF OF THE MEMBER, FOLLOWING APPROVAL OF THE BOARD OF DIRECTORS OF THE MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNANCE DECISIONS NEEDS TO BE APPROVED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS NOT PROVIDED TO BOARD MEMBERS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF ANY CONTROLLING INTEREST, FINANCIAL INTEREST, OWNERSHIP INTEREST, OR SIGNIFICANT RELATIONSHIP AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND COMMITTEE MEMBERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. IN CONNECTION WITH ANY PROPOSED TRANSACTION OR ARRANGEMENT WITH AN ORGANIZATION THAT IS UNDER CONSIDERATION BY THE FOUNDATION IN WHICH AN INTERESTED PERSON HAS A CONTROLLING INTEREST, FINANCIAL INTEREST, OWNERSHIP INTEREST, OR SIGNIFICANT RELATIONSHIP, THE BOARD OR COMMITTEE CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT (WITHOUT THE INTERESTED PERSON) SHALL MEET, DISCUSS, AND VOTE UPON WHETHER A CONFLICT OF INTEREST EXISTS. THE INTERESTED PERSON SHALL BE GIVEN THE OPPORTUNITY TO DISCLOSE ANY ADDITIONAL MATERIAL FACTS RELATED TO HIS OR HER CONTROLLING INTEREST, FINANCIAL INTEREST, OWNERSHIP INTEREST, OR SIGNIFICANT RELATIONSHIP AND THE PROPOSED TRANSACTION OR ARRANGEMENT, EITHER IN WRITING, OR BY INVITATION, AT THE BOARD OR COMMITTEE MEETING DURING WHICH THE POTENTIAL CONFLICT OF INTEREST IS BEING CONSIDERED. IF THE BOARD OR COMMITTEE MEMBERS DETERMINE A CONFLICT OF INTEREST EXISTS THE PRESIDENT OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSONOR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE FOUNDATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE FOUNDATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. AFTER THE BOARD OR COMMITTEE HAS COMPLETED ITS ANALYSIS, IT SHALL VOTE ON WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. APPROVAL SHALL BE BY MAJORITY VOTE OF DIRECTORS OR COMMITTEE MEMBERS WHO ARE FREE OF THE CONFLICT UNDER CONSIDERATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE FINANCIAL STATEMENTS, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6EQUITY TRANSFER FROM RELATED PARTY 2,019,171.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GARRETT M HIGGINS
ReturnHeader/ReturnTs02025-11-17T23:28:18-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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