CLOWES FUND INCORPORATED: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- CLOWES FUND INCORPORATED (EIN 35-1079679)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-03
- IRS object ID
- 202233079349101133
- Schema version
- 2021v4.2
- 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
- Depreciation Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-03T11:37:35-05:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FORVIS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 N Illinois Street | AddressLine1Txt |
| City | Indianapolis | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46204 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | 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) |
|---|---|---|
| In Care Of | % FORVIS LLP | InCareOfNm |
| Business Name Control | CLOW | BusinessNameControlTxt |
| Phone | 3178330144 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 320 NORTH MERIDIAN ST STE 316 | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46204 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MEGAN BRIGGS REILLY | PersonNm |
| Person Title | Exec. Director | PersonTitleTxt |
| Phone | 3178330144 | PhoneNum |
| Signature | 2022-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MEGAN BRIGGS | PersonFirstNm |
| Person Last | REILLY | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | NICOLE B FISHBACK | PreparerPersonNm |
| PTIN | P01279475 | PTIN |
| Phone | 3173834000 | PhoneNum |
| Preparation | 2022-11-15 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $83,470,247 | 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 | $148 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $148 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,628,952 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,628,952 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $6,186,240 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $10,136,310 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $6,186,240 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $8,206 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $8,206 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $7,823,546 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $7,823,546 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $291,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $20,500 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $270,500 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $72,989 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $72,989 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $141,167 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $11,294 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $129,873 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $3,364 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $3,364 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $72,151 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $20,805 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $51,346 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $268,721 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $229,691 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $39,030 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $155,214 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $27,535 | TaxesNetInvstIncmAmt |
| Occupancy Rev And Expnss | $35,366 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $35,366 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $8,101 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $8,101 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $33 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Dsbrs Chrtbl | $33 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $47,767 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $525 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $47,242 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,095,873 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $310,350 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $657,844 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $3,777,050 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $3,777,050 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $4,872,923 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $310,350 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $4,434,894 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $2,950,623 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $7,513,196 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $2,073,523 | CashBOYAmt |
| Cash EOY | $398,009 | CashEOYAmt |
| Cash EOYFMV | $398,009 | CashEOYFMVAmt |
| Acct Rcvbl | $1,372 | AcctRcvblAmt |
| Acct Rcvbl BOY | $0 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $1,372 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $1,372 | AcctRcvblEOYFMVAmt |
| Other Investments BOY | $55,097,039 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $59,723,252 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $82,665,366 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $12,067 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $12,067 | LandBldgEquipAccumDeprecAmt |
| Other Assets BOY | $405,500 | OtherAssetsBOYAmt |
| Other Assets EOY | $405,500 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $405,500 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $57,576,062 | TotalAssetsBOYAmt |
| Total Assets EOY | $60,528,133 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $83,470,247 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $8,767 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $10,215 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $8,767 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $10,215 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $57,567,295 | RetainedEarningBOYAmt |
| Retained Earning EOY | $60,517,918 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $57,567,295 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $60,517,918 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $57,576,062 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $60,528,133 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $57,567,295 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $2,950,623 | ExcessRevenueOverExpensesAmt |
| Subtotal | $60,517,918 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $60,517,918 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (8 entries)
| PropertyPropertyDesc | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| SANDERSON | 2021-12-31 | $0 | $3,492 | -$3,492 | -$3,492 |
| SANDERSON | 2021-12-31 | $925,760 | $0 | $925,760 | $925,760 |
| WESTWOOD | 2021-12-31 | $15,817 | $0 | $15,817 | $15,817 |
| WESTWOOD | 2021-12-31 | $531,274 | $0 | $531,274 | $531,274 |
| PRINCIPAL ENHANCED PROPERTY FUND | 2021-12-31 | $55,549 | $0 | $55,549 | $55,549 |
| US BANK CUSTODY | 2021-12-31 | $4,664,390 | $0 | $4,664,390 | $4,664,390 |
| RREEF AMERICA REIT II | 2021-12-31 | $4,068 | $0 | $4,068 | $4,068 |
| SALE OF WESTWOOD INVESTMENT | 2021-12-31 | $3,939,452 | $3,946,578 | -$7,126 | -$7,126 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $6,186,240 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $104,433 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $104,433 | SubtotalAmt |
| Tax Based On Investment Income | $104,433 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $91,706 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $35,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $126,706 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $22,273 | OverpaymentAmt |
| Applied To ES Tax | $22,273 | AppliedToESTaxAmt |
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 |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FORVIS LLP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3173834000 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 N ILLINOIS ST STE 700 | 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 (15 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 |
|---|---|---|---|---|---|---|---|---|
| BEN BLANTON | ||||||||
| 320 NORTH MERIDIAN ST STE 316 | INDIANAPOLIS | IN | 46204 | DIRECTOR | 2.0 | $0 | $0 | $0 |
| EDITH BOWLES | ||||||||
| 320 NORTH MERIDIAN ST STE 316 | INDIANAPOLIS | IN | 46204 | DIRECTOR/VICE PRESIDENT | 2.0 | $0 | $0 | $0 |
| ELIZABETH CASSELMAN | ||||||||
| 320 NORTH MERIDIAN ST STE 316 | INDIANAPOLIS | IN | 46204 | EXECUTIVE DIRECTOR (END 06/21) | 40.0 | $71,000 | $7,500 | $45,482 |
| AIDAN CLOWES | ||||||||
| 320 NORTH MERIDIAN ST STE 316 | INDIANAPOLIS | IN | 46204 | DIRECTOR | 2.0 | $0 | $0 | $0 |
| ALEXANDER WHEELER CLOWES | ||||||||
| 320 NORTH MERIDIAN ST STE 316 | INDIANAPOLIS | IN | 46204 | DIRECTOR/TREASURER | 2.0 | $0 | $0 | $0 |
| DANIEL CLOWES | ||||||||
| 320 NORTH MERIDIAN ST STE 316 | INDIANAPOLIS | IN | 46204 | DIRECTOR | 2.0 | $0 | $0 | $0 |
| DOUGLAS CLOWES | ||||||||
| 320 NORTH MERIDIAN ST STE 316 | INDIANAPOLIS | IN | 46204 | DIRECTOR | 2.0 | $0 | $0 | $0 |
| EDITH CLOWES | ||||||||
| 320 NORTH MERIDIAN ST STE 316 | INDIANAPOLIS | IN | 46204 | DIRECTOR | 2.0 | $0 | $0 | $0 |
| JONATHAN CLOWES | ||||||||
| 320 NORTH MERIDIAN ST STE 316 | INDIANAPOLIS | IN | 46204 | DIRECTOR/PRESIDENT | 2.0 | $0 | $0 | $0 |
| SAMUEL HUNEKE | ||||||||
| 320 NORTH MERIDIAN ST STE 316 | INDIANAPOLIS | IN | 46204 | DIRECTOR/SECRETARY | 2.0 | $0 | $0 | $0 |
| UNA OSILI | ||||||||
| 320 NORTH MERIDIAN ST STE 316 | INDIANAPOLIS | IN | 46204 | DIRECTOR | 2.0 | $0 | $0 | $0 |
| CAROLYN OSTEEN | ||||||||
| 320 NORTH MERIDIAN ST STE 316 | INDIANAPOLIS | IN | 46204 | DIRECTOR | 2.0 | $0 | $0 | $0 |
| VERONICA SERRATO | ||||||||
| 320 NORTH MERIDIAN ST STE 316 | INDIANAPOLIS | IN | 46204 | FIRST ASSISTANT TREASURER | 2.0 | $0 | $0 | $0 |
| ERIN TRISLER | ||||||||
| 320 NORTH MERIDIAN ST STE 316 | INDIANAPOLIS | IN | 46204 | SECOND ASSISTANT TREASURER | 40.0 | $95,000 | $10,300 | $8,000 |
| MEGAN BRIGGS REILLY | ||||||||
| 320 NORTH MERIDIAN ST STE 316 | INDIANAPOLIS | IN | 46204 | EXECUTIVE DIRECTOR (BEG 07/21) | 40.0 | $125,000 | $13,300 | $8,000 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| BKD LLP | |||||
| 201 N Illinois Street Suite 700 | INDIANAPOLIS | IN | 46204 | ACCOUNTING & CONSULT | $59,401 |
| Marquette Associates | |||||
| 180 North LaSalle Street Ste 3500 | CHICAGO | IL | 60601 | investment mgmt | $85,000 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $70,096,686 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $400,916 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $8,530,749 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $79,028,351 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $79,028,351 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,185,425 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $77,842,926 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,892,146 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,892,146 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $104,433 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $104,433 | TotalTaxAmt |
| Distributable Before Adj | $3,787,713 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $3,787,713 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $3,787,713 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $4,434,894 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $4,434,894 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $3,787,713 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2019 | PriorYear1Yr |
| Prior Year2 | 2018 | PriorYear2Yr |
| Prior Year3 | 2017 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $954,170 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $17,126 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $20,649 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $394,159 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $2,412,767 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $3,798,871 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $4,434,894 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $3,787,713 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $647,181 | RemainingDistriFromCorpusAmt |
| Total Corpus | $4,446,052 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $954,170 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $3,491,882 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $17,126 | ExcessFromYear4Amt |
| Excess From Year3 | $20,649 | ExcessFromYear3Amt |
| Excess From Year2 | $394,159 | ExcessFromYear2Amt |
| Excess From Year1 | $2,412,767 | ExcessFromYear1Amt |
| Excess From Current Year | $647,181 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
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 BRIGGS REILLY EXEC DIR | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 320 NORTH MERIDIAN STREET STE 316 | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46204 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 3178330144 | RecipientPhoneNum |
| Form And Info And Materials | SEE ONLINE APPLICATION WITH DESCRIPTION OF ORGANIZATION AND PURPOSE FOR GRANT REQUEST AT WWW.CLOWESFUND.ORG | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | PLEASE VISIT OUR WEBSITE, WWW.CLOWESFUND.ORG FOR CURRENT GRANT GUIDELINES. | SubmissionDeadlinesTxt |
| Restrictions On Awards | PLEASE VISIT OUR WEBSITE, WWW.CLOWESFUND.ORG FOR CURRENT GRANT GUIDELINES. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE STATEMENT ATTACHED IMMEDIATELY FOLLOWING | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | See Attached Listing | AddressLine1Txt |
| City | Indianapolis | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46204 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | See Attached | GrantOrContributionPurposeTxt |
| Amt | $3,777,050 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $3,777,050 | 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 | SEE ATTACHED STATEMENT | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46204 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | SEE ATTACHED STATEMENT | GrantOrContributionPurposeTxt |
| Amt | $2,308,500 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $2,308,500 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $148 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,628,952 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $8,206 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $6,186,240 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $7,823,546 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $7,823,546 | TotalIncomeProducingActyAmt |
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 |
|---|---|---|---|
| BKD, LLP | $59,401 | $11,880 | $47,521 |
| YOUNT AND COMPANY, LLC | $12,750 | $8,925 | $3,825 |
Compensation Explanation CompensationExplanation
Compensation Explanation CompensationExplanationGrp (3 entries)
| Short ExplanationShortExplanationTxt |
|---|
| ELIZABETH CASSELMAN |
| ELIZABETH CASSELMAN WAS ALSO THE ASSISTANT SECRETARY. HOWEVER, SHE WAS NOT COMPENSATED FOR THESE SERVICES. |
| ERIN TRISLER |
| ERIN TRISLER IS ALSO THE ASSISTANT TREASURER. HOWEVER, SHE IS NOT COMPENSATED FOR THESE SERVICES. |
| MEGAN BRIGGS REILLY |
| MEGAN BRIGGS REILLY IS ALSO THE ASSISTANT SECRETARY. HOWEVER, SHE IS NOT COMPENSATED FOR THESE SERVICES. |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (15 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt |
|---|---|---|---|---|---|
| OFFICE FURNITURE | 1999-12-19 | $3,320 | $3,320 | DDB | 7 |
| OFFICE FURNITURE | 2000-03-31 | $3,319 | $3,319 | DDB | 7 |
| OFFICE FURNITURE | 2000-09-18 | $1,718 | $1,718 | DDB | 7 |
| OFFICE FURNITURE | 2000-06-30 | $2,074 | $2,074 | DDB | 7 |
| CON ROOM FURNITUR | 2001-06-30 | $5,071 | $5,071 | DDB | 7 |
| LATERAL FILE | 2001-10-31 | $790 | $790 | DDB | 7 |
| ROLLING FILE CART | 2005-02-17 | $45 | $45 | DDB | 7 |
| DIGITAL CAMERA | 2005-03-23 | $253 | $253 | DDB | 5 |
| ROLLING FILE CART | 2005-08-16 | $40 | $40 | DDB | 7 |
| WORK STATION | 2005-09-30 | $1,129 | $1,129 | DDB | 7 |
| OFFICE FURNISHINGS | 2007-09-19 | $720 | $720 | DDB | 7 |
| OFFICE FURNISHINGS | 2007-10-22 | $983 | $983 | DDB | 7 |
| REFRIGERATOR | 2007-08-13 | $391 | $391 | M5 | |
| OFFICE EQUIPMENT | 2008-07-08 | $1,000 | $1,000 | DDB | 5 |
| COMPUTER | 2009-08-17 | $2,813 | $2,813 | DDB | 5 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| SANDERSON INTERNATIONAL | $1,620,353 | $2,029,533 |
| WESTWOOD FUND | $0 | $0 |
| U.S. BANK CUSTODY | $52,537,089 | $74,109,790 |
| PRINCIPAL ENHANCED PROP FUND | $1,799,415 | $2,202,099 |
| RREEF AMERICA REIT II | $3,766,395 | $4,323,944 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (15 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt |
|---|---|---|
| OFFICE FURNITURE | ||
| OFFICE FURNITURE | ||
| OFFICE FURNITURE | $1,718 | $1,718 |
| OFFICE FURNITURE | $2,074 | $2,074 |
| CON ROOM FURNITUR | $5,071 | $5,071 |
| LATERAL FILE | $790 | $790 |
| ROLLING FILE CART | ||
| DIGITAL CAMERA | ||
| ROLLING FILE CART | $40 | $40 |
| WORK STATION | ||
| OFFICE FURNISHINGS | ||
| OFFICE FURNISHINGS | $983 | $983 |
| REFRIGERATOR | $391 | $391 |
| OFFICE EQUIPMENT | $1,000 | $1,000 |
| COMPUTER |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FAEGRE DRINKER | CategoryTxt |
| Legal Fees | $3,364 | LegalFeesAmt |
| Disbursements Charitable Prps | $3,364 | 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 | $405,500 | EOYBookValueAmt |
| EOYFMV | $405,500 | 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 | $12,530 | $12,530 | |
| MEALS AND ENTERTAINMENT | $3,053 | $3,053 | |
| OFFICE SUPPLIES | $1,323 | $1,323 | |
| POSTAGE | $298 | $298 | |
| TELEPHONE | $6,643 | $6,643 | |
| DIRECTOR EXPENSES | $2,087 | $2,087 | |
| MISCELLANEOUS EXPENSES | $789 | $789 | |
| BANK FEES | $525 | $525 | |
| OFFICE EQUIPMENT | $260 | $260 | |
| REMOTE ACCESS EXPENSE | $4,800 | $4,800 | |
| HARDWARE | $5,799 | $5,799 | |
| SOFTWARE | $2,198 | $2,198 | |
| PARKING | $1,585 | $1,585 | |
| OFFICE FURNISHING | $5,877 | $5,877 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| WESTWOOD | -$1,616 | -$1,616 |
| SANDERSON | $9,822 | $9,822 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (10 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| WELLINGTON TRUST | $406 | $406 | |
| SANDERSON INTERNATIONAL | $24,251 | $24,251 | |
| COMPUTER CONSULTING | $19,030 | $19,030 | |
| PRINCIPAL ENHANCED PROP FUND | $30,809 | $30,809 | |
| RREEF FEES | $20,222 | $20,222 | |
| WESTWOOD FEES | $38,202 | $38,202 | |
| MARQUETTE FEES | $85,000 | $85,000 | |
| US BANK CUSTODY FEES | $18,694 | $18,694 | |
| SUCCESSION PLAN CONSULTING | $20,000 | $20,000 | |
| CONSULTING SERVICES | $12,107 | $12,107 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FOREIGN TAXES | $27,535 | $27,535 |
| EXCISE TAX | $127,679 |