Clifford And Lavonne Graese Foundation
Clifford And Lavonne Graese Foundation consistently distributes more than its annual revenue, drawing down assets with zero reported officer compensation.
EIN: 133388411 · Yulee, FL · Updated: 2026-03-28
Is Clifford And Lavonne Graese Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Clifford And Lavonne Graese Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Clifford And Lavonne Graese Foundation
Clifford And Lavonne Graese Foundation (EIN: 133388411) is a nonprofit organization based in Yulee, FL. The organization reported total revenue of $2.3M and total assets of $9.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clifford And Lavonne Graese Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Clifford And Lavonne Graese Foundation is a mid-size nonprofit that has been operating for 39 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $553K |
| Total Expenses | $782K |
| Surplus / Deficit | $-229,267 |
| Total Assets | $9.2M |
| Total Liabilities | $1 |
| Net Assets | $9.2M |
| Operating Margin | -41.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 141.4 months |
Financial Health Grade: B
In 2023, Clifford And Lavonne Graese Foundation reported a deficit of $229K with expenses exceeding revenue, holds 141.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Clifford And Lavonne Graese Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.9% | -31.2% | -2.4% |
| 2022 | -66.3% | -21.7% | -5.3% |
| 2021 | +283.2% | +52.9% | -0.5% |
| 2020 | -29.9% | +4.5% | -5.5% |
| 2019 | +9.7% | +230.0% | +154.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Clifford And Lavonne Graese Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Clifford And Lavonne Graese Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $229K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly efficient and directs more funds to charitable activities.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Clifford And Lavonne Graese Foundation's IRS 990 filings:
- Consistent expenses exceeding revenue, leading to asset drawdowns, though this may be a deliberate strategy for a private foundation.
Strengths
The following positive indicators were identified for Clifford And Lavonne Graese Foundation:
- Zero reported officer compensation, indicating high efficiency in directing funds to mission.
- Substantial asset base ($9,218,235 in 2023) providing long-term stability.
- Consistent history of IRS 990 filings, demonstrating transparency.
- Minimal liabilities ($1 across most years) indicating sound financial management.
Frequently Asked Questions about Clifford And Lavonne Graese Foundation
Is Clifford And Lavonne Graese Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Clifford And Lavonne Graese Foundation (EIN: 133388411) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Clifford And Lavonne Graese Foundation spend its money?
Clifford And Lavonne Graese Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Clifford And Lavonne Graese Foundation tax-deductible?
Clifford And Lavonne Graese Foundation is registered as a tax-exempt nonprofit (EIN: 133388411). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Clifford And Lavonne Graese Foundation financially stable?
Yes, despite consistently spending more than its annual revenue, the foundation maintains substantial assets, reported at $9,218,235 in 2023, indicating strong financial reserves.
How does the foundation manage its administrative costs?
The foundation appears to manage administrative costs very efficiently, reporting 0% officer compensation across all filings, suggesting a volunteer-led or extremely lean operational structure.
What is the trend in the foundation's assets?
The foundation's assets have been on a declining trend in recent years, from $10,608,246 in 2019 to $9,218,235 in 2023, consistent with its pattern of expenses exceeding revenue.
Does the foundation engage in fundraising activities?
Given its nature as a private foundation and the consistent pattern of expenses exceeding revenue, it is unlikely to engage in significant public fundraising, and the data does not suggest such activities.
Filing History
IRS 990 filing history for Clifford And Lavonne Graese Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Clifford And Lavonne Graese Foundation's revenue has grown by 26.1%, moving from $439K to $553K. Total assets increased by 165.8% over the same period, from $3.5M to $9.2M. Total functional expenses rose by 332.8%, from $181K to $782K. In its most recent filing year (2023), Clifford And Lavonne Graese Foundation reported a deficit of $229K, with expenses exceeding revenue. The organization holds $1 in liabilities against $9.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $553K | $782K | $9.2M | $1 | — | View 990 |
| 2022 | $473K | $1.1M | $9.4M | $1 | — | View 990 |
| 2021 | $1.4M | $1.5M | $10.0M | $1 | — | — |
| 2020 | $367K | $951K | $10.0M | $1 | — | — |
| 2019 | $523K | $910K | $10.6M | $1 | — | View 990 |
| 2015 | $477K | $276K | $4.2M | $1 | — | View 990 |
| 2014 | $391K | $196K | $4.0M | $1 | — | View 990 |
| 2013 | $360K | $222K | $3.8M | $1 | — | View 990 |
| 2012 | $364K | $192K | $3.6M | $1 | — | View 990 |
| 2011 | $439K | $181K | $3.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $553K, expenses of $782K, and assets of $9.2M (revenue +16.9% year-over-year).
- 2022: Revenue of $473K, expenses of $1.1M, and assets of $9.4M (revenue -66.3% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.5M, and assets of $10.0M (revenue +283.2% year-over-year).
- 2020: Revenue of $367K, expenses of $951K, and assets of $10.0M (revenue -29.9% year-over-year).
- 2019: Revenue of $523K, expenses of $910K, and assets of $10.6M (revenue +9.7% year-over-year).
- 2015: Revenue of $477K, expenses of $276K, and assets of $4.2M (revenue +22.1% year-over-year).
- 2014: Revenue of $391K, expenses of $196K, and assets of $4.0M (revenue +8.6% year-over-year).
- 2013: Revenue of $360K, expenses of $222K, and assets of $3.8M (revenue -1.1% year-over-year).
- 2012: Revenue of $364K, expenses of $192K, and assets of $3.6M (revenue -17.1% year-over-year).
- 2011: Revenue of $439K, expenses of $181K, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Clifford And Lavonne Graese Foundation:
Data Sources and Methodology
This transparency report for Clifford And Lavonne Graese 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.