CLOWES FUND INCORPORATED: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- CLOWES FUND INCORPORATED (EIN 35-1079679)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-10-29
- IRS object ID
- 202433039349101003
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Compensation Explanation
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-10-29T10:20:48+00:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 440160260 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FORVIS MAZARS | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 820 Massachusetts Ave Suite 1370 | AddressLine1Txt |
| City | Indianapolis | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46204 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 351079679 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Clowes Fund Incorporated | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CLOW | BusinessNameControlTxt |
| Phone | 3178330144 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 44233 | AddressLine1Txt |
| City | Indianapolis | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46244 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Megan Reilly | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 3178330144 | PhoneNum |
| Signature | 2024-10-29 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Nicole Fishback | PreparerPersonNm |
| PTIN | P01279475 | PTIN |
| Phone | 3173834000 | PhoneNum |
| Preparation | 2024-05-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $73,403,404 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $25,961 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $25,961 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,784,146 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,784,146 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $0 | GrossRentsRevAndExpnssAmt |
| Net Rental Income Or Loss | $0 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $2,366,758 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $5,135,239 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,366,758 | CapGainNetIncmNetInvstIncmAmt |
| Gross Sales Less Ret And Allwnc | $0 | GrossSalesLessRetAndAllwncAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
| Gross Profit Rev And Expnss | $0 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | $3,437 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $3,437 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $4,180,302 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $4,180,302 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $249,600 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $22,880 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $226,720 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $124,800 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $124,800 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $113,487 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $9,079 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $104,408 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $5,333 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $5,333 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $81,132 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $23,102 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $58,030 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $227,351 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $195,810 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $31,541 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $0 | InterestRevAndExpnssAmt |
| Taxes Rev And Expnss | $79,893 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $4,893 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $0 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $0 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $30,672 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $30,672 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $21,536 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $21,536 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $120 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Dsbrs Chrtbl | $120 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $62,852 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $1,030 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $61,822 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $996,776 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $256,794 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $664,982 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $28,569,150 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $28,569,150 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $29,565,926 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $256,794 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $29,234,132 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$25,385,624 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,923,508 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $216,787 | CashBOYAmt |
| Cash EOY | $789,146 | CashEOYAmt |
| Cash EOYFMV | $789,146 | CashEOYFMVAmt |
| Acct Rcvbl BOY | $0 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $0 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $0 | AcctRcvblEOYFMVAmt |
| Pledges Rcvbl EOY | $0 | PledgesRcvblEOYAmt |
| Pledges Rcvbl EOYFMV | $0 | PledgesRcvblEOYFMVAmt |
| Rcvbl From Officers BOY | $0 | RcvblFromOfficersBOYAmt |
| Rcvbl From Officers EOY | $0 | RcvblFromOfficersEOYAmt |
| Rcvbl From Officers EOYFMV | $0 | RcvblFromOfficersEOYFMVAmt |
| Other Nts And Loans Rcvbl | $0 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $0 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $0 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $0 | OtherNtsAndLoansRcvblEOYFMVAmt |
| US Government Obligations BOY | $0 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $0 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $0 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $0 | CorporateStockBOYAmt |
| Corporate Stock EOY | $0 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $0 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $0 | CorporateBondsBOYAmt |
| Corporate Bonds EOYFMV | $0 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $0 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $0 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $0 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOYFMV | $0 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $57,935,320 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $57,437,778 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $72,611,258 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $15,067 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $12,067 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $0 | LandBOYAmt |
| Land EOY | $3,000 | LandEOYAmt |
| Land EOYFMV | $3,000 | LandEOYFMVAmt |
| Other Assets BOY | $405,500 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $58,557,607 | TotalAssetsBOYAmt |
| Total Assets EOY | $58,229,924 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $73,403,404 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $10,187 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $9,828 | AccountsPayableEOYAmt |
| Loans From Officers BOY | $0 | LoansFromOfficersBOYAmt |
| Loans From Officers EOY | $0 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable BOY | $0 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $0 | MortgagesAndNotesPayableEOYAmt |
| Total Liabilities BOY | $10,187 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $9,828 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $58,547,420 | RetainedEarningBOYAmt |
| Retained Earning EOY | $58,220,096 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $58,547,420 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $58,220,096 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $58,557,607 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $58,229,924 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $58,547,420 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$25,385,624 | ExcessRevenueOverExpensesAmt |
| Other Increases | $25,058,300 | OtherIncreasesAmt |
| Subtotal | $58,220,096 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $58,220,096 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (8 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Excess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|---|---|---|
| Sanderson Intl. - ST | P | 2023-01-01 | 2023-12-31 | $3,513 | $3,513 | $0 | $3,513 | |
| Sanderson Intl. - LT | P | 2022-01-01 | 2023-12-31 | $401,477 | $401,477 | $0 | $401,477 | |
| Sanderson Intl. - LT | P | 2022-01-01 | 2023-12-31 | $2,440,837 | -$246,226 | $0 | -$246,226 | $2,687,063 |
| Principal Enhanced Prop Fund - LT | P | 2022-01-01 | 2023-12-31 | $29,512 | $29,512 | $0 | $29,512 | |
| Partners Group II - ST | P | 2023-01-01 | 2023-12-31 | $275 | $275 | $0 | $275 | |
| U.S. Bank Custody - ST | P | 2023-01-01 | 2023-12-31 | $2,235,834 | $2,235,834 | $0 | $2,235,834 | |
| RREEF America REIT II - LT | P | 2022-01-01 | 2023-12-31 | $23,791 | $23,791 | $0 | $23,791 | |
| RREEF America REIT II - ST | P | 2023-01-01 | 2023-12-31 | $0 | -$81,418 | $0 | -$81,418 | $81,418 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,366,758 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $0 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $54,537 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $54,537 | SubtotalAmt |
| Tax Based On Investment Income | $54,537 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $77,959 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $77,959 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $23,422 | OverpaymentAmt |
| Applied To ES Tax | $23,422 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | IN | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.CLOWESFUND.ORG OR GUIDESTAR | WebsiteAddressTxt |
| Individual With Books | FORVIS MAZARS | IndividualWithBooksNm |
| Phone | 3173834000 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 820 MASSACHUSETTS AVENUE SUITE 1370 | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46204 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (14 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Edith Bowles | ||||||||
| PO Box 44233 | Indianapolis | IN | 46244 | Director/Vice President | 2.000 | $0 | $0 | $0 |
| Ben Blanton | ||||||||
| PO Box 44233 | Indianapolis | IN | 46244 | Director | 2.000 | $0 | $0 | $0 |
| Aidan Clowes | ||||||||
| PO Box 44233 | Indianapolis | IN | 46244 | Director | 2.000 | $0 | $0 | $0 |
| Alexander Wheeler Clowes | ||||||||
| PO Box 44233 | Indianapolis | IN | 46244 | Director | 2.000 | $0 | $0 | $0 |
| Daniel Clowes | ||||||||
| PO Box 44233 | Indianapolis | IN | 46244 | Director | 2.000 | $0 | $0 | $0 |
| Douglas Clowes | ||||||||
| PO Box 44233 | Indianapolis | IN | 46244 | Director | 2.000 | $0 | $0 | $0 |
| Jonathan Clowes | ||||||||
| PO Box 44233 | Indianapolis | IN | 46244 | Director/President | 2.000 | $0 | $0 | $0 |
| Edith Clowes | ||||||||
| PO Box 44233 | Indianapolis | IN | 46244 | Director | 2.000 | $0 | $0 | $0 |
| Samuel Huneke | ||||||||
| PO Box 44233 | Indianapolis | IN | 46244 | Director/Secretary | 2.000 | $0 | $0 | $0 |
| Una Osili | ||||||||
| PO Box 44233 | Indianapolis | IN | 46244 | Director | 2.000 | $0 | $0 | $0 |
| Carolyn Osteen | ||||||||
| PO Box 44233 | Indianapolis | IN | 46244 | Director | 2.000 | $0 | $0 | $0 |
| Veronica Serrato | ||||||||
| PO Box 44233 | Indianapolis | IN | 46244 | Director/Treasurer | 2.000 | $0 | $0 | $0 |
| Erin Trisler | ||||||||
| PO Box 44233 | Indianapolis | IN | 46244 | Operations Director | 40.000 | $104,000 | $11,400 | $10,000 |
| Megan Reilly | ||||||||
| PO Box 44233 | Indianapolis | IN | 46244 | Executive Director | 40.000 | $145,600 | $15,560 | $10,000 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Juan Galeano | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 44233 | AddressLine1Txt |
| City | Indianapolis | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46244 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | Program Officer | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 40.000 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $93,600 | CompensationAmt |
| Employee Benefits | $10,360 | EmployeeBenefitsAmt |
| Expense Account | $10,000 | ExpenseAccountAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Marquette Associates | |||||
| 180 North LaSalle Street Ste 3500 | Chicago | IL | 60601 | Investment Mgmt | $90,000 |
| FORVIS MAZARS | |||||
| 820 Massachusetts Avenue Suite 1370 | Indianapolis | IN | 46204 | Accounting & Consult | $67,382 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $62,338,794 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $579,039 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $8,337,344 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $71,255,177 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $71,255,177 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,068,828 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $70,186,349 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,509,317 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,509,317 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $54,537 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $54,537 | TotalTaxAmt |
| Distributable Before Adj | $3,454,780 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $3,454,780 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $3,454,780 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $29,234,132 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $29,234,132 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $3,454,780 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $20,649 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $394,159 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $2,412,767 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $647,181 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $155,523 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $3,630,279 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $29,234,132 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $3,454,780 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $25,779,352 | RemainingDistriFromCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $29,409,631 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $20,649 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $29,388,982 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $394,159 | ExcessFromYear4Amt |
| Excess From Year3 | $2,412,767 | ExcessFromYear3Amt |
| Excess From Year2 | $647,181 | ExcessFromYear2Amt |
| Excess From Year1 | $155,523 | ExcessFromYear1Amt |
| Excess From Current Year | $25,779,352 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Megan Reilly - EXECUTIVE DIRECTOR | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 44233 | AddressLine1Txt |
| City | Indianapolis | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46244 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 3178330144 | RecipientPhoneNum |
| Form And Info And Materials | VISIT OUR WEBSITE AT WWW.CLOWESFUND.ORG FOR ONLINE GRANT APPLICATION SUBMISSION INSTRUCTIONS. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | VISIT OUR WEBSITE AT WWW.CLOWESFUND.ORG FOR CURRENT SUBMISSION DEADLINES. | SubmissionDeadlinesTxt |
| Restrictions On Awards | VISIT OUR WEBSITE AT WWW.CLOWESFUND.ORG FOR CURRENT GRANT RESTRICTIONS OR LIMITATIONS. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE ATTACHED STATEMENT | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 44233 | AddressLine1Txt |
| City | Indianapolis | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46244 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | None | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | See Attached | GrantOrContributionPurposeTxt |
| Amt | $28,569,150 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $28,569,150 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | See attached statement | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 44233 | AddressLine1Txt |
| City | Indianapolis | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46244 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | None | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | See attached | GrantOrContributionPurposeTxt |
| Amt | $3,014,500 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $3,014,500 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $25,961 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,784,146 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $2,366,758 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Other Income | Desc |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $3,437 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $4,180,302 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $4,180,302 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 1a | LineNumberTxt |
| Relationship Statement | N/A | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Forvis Mazars | $67,382 | $13,477 | $53,905 |
| Delta Wealth Advisors | $13,750 | $9,625 | $4,125 |
Compensation Explanation CompensationExplanation
Compensation Explanation CompensationExplanationGrp (2 entries)
| Short ExplanationShortExplanationTxt |
|---|
| Erin Trisler |
| Erin Trisler is also the assistant treasurer. However, she is not compensated for these services. |
| Megan Reilly |
| Megan Reilly is also the assistant secretary. However, she is not compensated for these services. |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Sanderson Intl. | AT COST | $0 | $0 |
| U.S. Bank Custody | AT COST | $50,814,859 | $65,480,959 |
| Principal Enhanced Prop Fund | AT COST | $1,653,462 | $1,931,283 |
| RREEF America REIT II | AT COST | $2,969,182 | $3,162,827 |
| Partners Group II | AT COST | $2,000,275 | $2,036,189 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (9 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| Furniture & Fixtures | $3,000 | $0 | $3,000 | $3,000 |
| Office Furniture | $1,718 | $1,718 | $0 | $0 |
| Office Furniture | $2,074 | $2,074 | $0 | $0 |
| Conf Room Furniture | $5,071 | $5,071 | $0 | $0 |
| Lateral File | $790 | $790 | $0 | $0 |
| Rolling File Cart | $40 | $40 | $0 | $0 |
| Office Furnishings | $983 | $983 | $0 | $0 |
| Refrigerator | $391 | $391 | $0 | $0 |
| Office Equipment | $1,000 | $1,000 | $0 | $0 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FAEGRE DRINKER BIDDLE & REATH | CategoryTxt |
| Legal Fees | $5,333 | LegalFeesAmt |
| Disbursements Charitable Prps | $5,333 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Art Collection | Desc |
| BOY Book Value | $405,500 | BOYBookValueAmt |
| EOY Book Value | $0 | EOYBookValueAmt |
| EOYFMV | $0 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (14 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Membership Dues | $10,890 | $10,890 | |
| Meals and Entertainment | $4,088 | $4,088 | |
| Office Supplies | $628 | $628 | |
| Postage | $145 | $145 | |
| Telephone | $6,123 | $6,123 | |
| Director Expenses | $31,354 | $31,354 | |
| Miscellaneous Expenses | $133 | $133 | |
| Bank Fees | $1,030 | $1,030 | |
| Office Equipment | $1,417 | $1,417 | |
| Hardware | $1,657 | $1,657 | |
| Software | $1,692 | $1,692 | |
| Parking | $3,540 | $3,540 | |
| Office Furnishing | $135 | $135 | |
| Website | $20 | $20 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Sanderson Intl. | Desc |
| Revenue And Expenses Per Books | $3,437 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $3,437 | NetInvestmentIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FMV OF ARTWORK DONATION | Desc |
| Amt | $25,058,300 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (9 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Sanderson Intl. | $11,874 | $11,874 | |
| Computer Consulting | $21,120 | $21,120 | |
| Principal Enhanced Prop Fund | $36,118 | $36,118 | |
| RREEF America REIT II | $35,552 | $35,552 | |
| Marquette Associates | $90,000 | $90,000 | |
| U.S. Bank Custody | $14,585 | $14,585 | |
| Consulting Services | $7,681 | $7,681 | |
| Art Appraisal | $9,638 | $9,638 | |
| Retirement Plan Consulting | $783 | $783 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Foreign Taxes | $4,893 | $4,893 |
| Excise Tax | $75,000 |