Cloverfields Foundation
Cloverfields Foundation maintains substantial assets and reports zero officer compensation amidst fluctuating revenues.
EIN: 201919362 · Naples, FL · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $48.8M |
| Total Expenses | $5.8M |
| Program Spending | 75% |
| Net Assets | $55.7M |
| Transparency Score | 85/100 |
Is Cloverfields Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cloverfields Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cloverfields Foundation
Cloverfields Foundation (EIN: 201919362) is a nonprofit organization based in Naples, FL, classified under NTEE code T22. The organization reported total revenue of $48.8M and total assets of $58.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cloverfields Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cloverfields Foundation is a large nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 21.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $43.3M |
| Total Expenses | $5.8M |
| Surplus / Deficit | +$37.5M |
| Total Assets | $60.3M |
| Total Liabilities | $4.6M |
| Net Assets | $55.7M |
| Operating Margin | 86.6% |
| Debt-to-Asset Ratio | 7.6% |
| Months of Reserves | 124.1 months |
Financial Health Grade: A
In 2023, Cloverfields Foundation reported a surplus of $37.5M with revenue exceeding expenses, holds 124.1 months of operating reserves (strong position), has a debt-to-asset ratio of 7.6% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Cloverfields Foundation's revenue has grown at a compound annual growth rate (CAGR) of 21.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +178.6% | +38.7% | +48.5% |
| 2022 | -44.2% | +39.9% | -10.6% |
| 2021 | +64.2% | -41.8% | -1.5% |
| 2020 | -47.9% | +51.7% | -10.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Cloverfields Foundation with a Mission Score of 85 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Cloverfields Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 surplus of $37.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.6%.
Executive Compensation Analysis
The Cloverfields Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership either serves without pay or is compensated through an external entity, which is a positive for minimizing overhead related to executive salaries.
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 Cloverfields Foundation's IRS 990 filings:
- Lack of detailed functional expense breakdown in public filings, making program efficiency difficult to fully assess.
- Significant year-over-year revenue volatility, which could indicate reliance on less predictable funding sources.
Strengths
The following positive indicators were identified for Cloverfields Foundation:
- Consistent reporting of zero officer compensation, indicating efficient use of funds regarding executive pay.
- Substantial and growing asset base, reaching over $60 million in 2023, providing financial stability.
- Relatively low expenses compared to revenue in most years, suggesting good cost control (e.g., $5.8M expenses vs. $43.3M revenue in 2023).
Frequently Asked Questions about Cloverfields Foundation
Is Cloverfields Foundation a legitimate charity?
Cloverfields Foundation (EIN: 201919362) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $48.8M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Cloverfields Foundation spend its money?
Cloverfields Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Cloverfields Foundation tax-deductible?
Cloverfields Foundation is registered as a tax-exempt nonprofit (EIN: 201919362). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cloverfields Foundation's spending goes to programs?
Cloverfields Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cloverfields Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Cloverfields Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cloverfields Foundation located?
Cloverfields Foundation is headquartered in Naples, Florida and files with the IRS under EIN 201919362. It is classified under NTEE code T22.
How many years of IRS 990 filings does Cloverfields Foundation have?
Cloverfields Foundation has 10 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 $48.8M in total revenue.
Is Cloverfields Foundation a good charity?
Based on the available data, Cloverfields Foundation appears to be a financially robust organization with significant assets ($60,257,863 in 2023) and a commendable practice of reporting zero officer compensation. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess its spending efficiency and direct program impact.
What is the primary source of Cloverfields Foundation's revenue given its fluctuations?
The provided data shows significant fluctuations in revenue, from a low of $-47,255 in 2015 to a high of $43,339,492 in 2023. This pattern often suggests reliance on investment income, large grants, or significant individual contributions rather than consistent, broad-based public support. The NTEE code T22 (Private Grantmaking Foundations) supports this, indicating its role as a grantmaker rather than a direct service provider.
How does Cloverfields Foundation manage its liabilities?
Cloverfields Foundation's liabilities have varied, from $1 in several years (e.g., 2019, 2020) to $6,420,000 in 2022 and $4,600,000 in 2023. While these figures are relatively small compared to its substantial assets ($60,257,863 in 2023), the fluctuations warrant attention to understand the nature of these liabilities.
Filing History
IRS 990 filing history for Cloverfields Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Cloverfields Foundation's revenue has grown by 903.6%, moving from $4.3M to $43.3M. Total assets increased by 302.5% over the same period, from $15.0M to $60.3M. Total functional expenses rose by 118%, from $2.7M to $5.8M. In its most recent filing year (2023), Cloverfields Foundation reported a surplus of $37.5M, with revenue exceeding expenses. The organization holds $4.6M in liabilities against $60.3M in assets (debt-to-asset ratio: 7.6%), resulting in net assets of $55.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $43.3M | $5.8M | $60.3M | $4.6M | — | — |
| 2022 | $15.6M | $4.2M | $40.6M | $6.4M | — | View 990 |
| 2021 | $27.9M | $3.0M | $45.4M | $800K | — | View 990 |
| 2020 | $17.0M | $5.2M | $46.1M | $1 | — | View 990 |
| 2019 | $32.5M | $3.4M | $51.3M | $1 | — | — |
| 2015 | $-47,255 | $2.5M | $24.2M | $682 | — | View 990 |
| 2014 | $4.9M | $1.8M | $26.8M | $682 | — | View 990 |
| 2013 | $13.3M | $1.1M | $23.7M | $1 | — | View 990 |
| 2012 | $3.0M | $2.8M | $14.2M | $1 | — | View 990 |
| 2011 | $4.3M | $2.7M | $15.0M | $495K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $43.3M, expenses of $5.8M, and assets of $60.3M (revenue +178.6% year-over-year).
- 2022: Revenue of $15.6M, expenses of $4.2M, and assets of $40.6M (revenue -44.2% year-over-year).
- 2021: Revenue of $27.9M, expenses of $3.0M, and assets of $45.4M (revenue +64.2% year-over-year).
- 2020: Revenue of $17.0M, expenses of $5.2M, and assets of $46.1M (revenue -47.9% year-over-year).
- 2019: Revenue of $32.5M, expenses of $3.4M, and assets of $51.3M.
- 2015: Revenue of $-47,255, expenses of $2.5M, and assets of $24.2M (revenue -101.0% year-over-year).
- 2014: Revenue of $4.9M, expenses of $1.8M, and assets of $26.8M (revenue -63.5% year-over-year).
- 2013: Revenue of $13.3M, expenses of $1.1M, and assets of $23.7M (revenue +339.3% year-over-year).
- 2012: Revenue of $3.0M, expenses of $2.8M, and assets of $14.2M (revenue -29.8% year-over-year).
- 2011: Revenue of $4.3M, expenses of $2.7M, and assets of $15.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cloverfields Foundation:
Data Sources and Methodology
This transparency report for Cloverfields 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.