Brian And Carolyn Clement Family Foundation
EIN: 826396136 · Cumb Foreside, ME · NTEE: A12
| Metric | Value |
|---|---|
| Total Revenue | $118K |
| Total Expenses | $52K |
| Net Assets | $1.2M |
Is Brian And Carolyn Clement Family Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Brian And Carolyn Clement Family Foundation
Brian And Carolyn Clement Family Foundation (EIN: 826396136) is a nonprofit organization based in Cumb Foreside, ME, classified under NTEE code A12. The organization reported total revenue of $118K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brian And Carolyn Clement Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brian And Carolyn Clement Family Foundation is a small nonprofit that has been operating for 9 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 30.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12K |
| Total Expenses | $52K |
| Surplus / Deficit | $-39,404 |
| Total Assets | $1.2M |
| Total Liabilities | $1 |
| Net Assets | $1.2M |
| Operating Margin | -320.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 272.0 months |
Financial Health Grade: B
In 2023, Brian And Carolyn Clement Family Foundation reported a deficit of $39K with expenses exceeding revenue, holds 272.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Brian And Carolyn Clement Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 30.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -83.3% | +78.0% | +41.8% |
| 2022 | +133.7% | +18.9% | +43.2% |
| 2021 | +365.9% | +144.4% | +8.7% |
| 2020 | +60.4% | +8.9% | +118.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Brian And Carolyn Clement Family Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Brian And Carolyn Clement Family Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $39K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Brian And Carolyn Clement Family Foundation
Is Brian And Carolyn Clement Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Brian And Carolyn Clement Family Foundation (EIN: 826396136) insufficient data. 0 red flags identified, 0 strengths noted.
How does Brian And Carolyn Clement Family Foundation spend its money?
Detailed spending breakdown data is not yet available for Brian And Carolyn Clement Family Foundation. Check back for updated IRS 990 analysis.
Are donations to Brian And Carolyn Clement Family Foundation tax-deductible?
Brian And Carolyn Clement Family Foundation is registered as a tax-exempt nonprofit (EIN: 826396136). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Brian And Carolyn Clement Family Foundation located?
Brian And Carolyn Clement Family Foundation is headquartered in Cumb Foreside, Maine and files with the IRS under EIN 826396136. It is classified under NTEE code A12.
How many years of IRS 990 filings does Brian And Carolyn Clement Family Foundation have?
Brian And Carolyn Clement Family Foundation has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $118K in total revenue.
Filing History
IRS 990 filing history for Brian And Carolyn Clement Family Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Brian And Carolyn Clement Family Foundation's revenue has grown by 192%, moving from $4K to $12K. Total assets increased by 381.2% over the same period, from $244K to $1.2M. Total functional expenses rose by 463.3%, from $9K to $52K. In its most recent filing year (2023), Brian And Carolyn Clement Family Foundation reported a deficit of $39K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12K | $52K | $1.2M | $1 | — | — |
| 2022 | $74K | $29K | $827K | $1 | — | View 990 |
| 2021 | $31K | $24K | $578K | $1 | — | View 990 |
| 2020 | $7K | $10K | $531K | $1 | — | — |
| 2019 | $4K | $9K | $244K | $1 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $12K, expenses of $52K, and assets of $1.2M (revenue -83.3% year-over-year).
- 2022: Revenue of $74K, expenses of $29K, and assets of $827K (revenue +133.7% year-over-year).
- 2021: Revenue of $31K, expenses of $24K, and assets of $578K (revenue +365.9% year-over-year).
- 2020: Revenue of $7K, expenses of $10K, and assets of $531K (revenue +60.4% year-over-year).
- 2019: Revenue of $4K, expenses of $9K, and assets of $244K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brian And Carolyn Clement Family Foundation:
Data Sources and Methodology
This transparency report for Brian And Carolyn Clement Family Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.