Clipper Foundation
- Assets
- $1.5m
- Revenue
- $31.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Portsmouth, NH
- Founding
- 03/2010
- Data as of
- 12/2021
- EIN
- 27-1296285
Organization Overview
Clipper Foundation is located in Portsmouth, NH. The organization was established in 2010. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clipper Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Clipper Foundation generated $31.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $8.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FUNCTION FOR CHARITABLE PURPOSES IN SUPPORT AND PROMOTION OF THE ADVANCEMENT IN EDUCATION BY USING PUBLIC CONTRIBUTIONS TO SUPPORT UNIQUE LEARNING OPPORTUNITIES AND PROMOTE INNOVATIVE TEACHING AND PROFESSIONAL DEVELOPMENT WITH THE SCHOOL SYSTEMS OF PORTSMOUTH, NEW HAMPSHIRE AND SURROUNDING SCHOOL SYSTEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FUNDING FOR MULTIPLE GRANTS TO VARIOUS SEACOAST SCHOOLS. GRANTS ARE PROVIDED TO RECIPIENTS TO EXPLORE NEW TEACHING PRACTICES, FOSTER INNOVATION, ENABLE STUDENT GROWTH, AND ACHEIVE THE GOALS SET WITHIN THE SCHOOL DISTICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynda Schmidt President | OfficerTrustee | 1 | $0 |
Tim Driscoll Treasurer | OfficerTrustee | 1 | $0 |
Phil Pettis Vice President | OfficerTrustee | 1 | $0 |
Priscilla Coughlin Secretary | OfficerTrustee | 1 | $0 |
Stu Levenson Vice President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,460 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,460 |
| Total Program Service Revenue | $0 |
| Investment income | $26,126 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,586 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,051 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,023 |
| Savings and temporary cash investments | $2,777 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,495,844 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,501,644 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,501,644 |
| Total liabilities and net assets/fund balances | $1,501,644 |
Grants Awarded
Over the last fiscal year, Clipper Foundation has awarded $22,611 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
LITTLE HARBOUR SCHOOL PORTSMOUTH SCHOOL DISTRICT PURPOSE: FUNDING FOR STEAM LAB, KIBO ROBOTS & TABLETS | $6,983 |
PORTSMOUTH ELEMENTARY SCHOOLS PORTSMOUTH SCHOOL DISTRICT PURPOSE: FUNDING FOR ROBOTICS PROGRAMS FOR GRADES 4 & 5 STUDENTS | $6,000 |
PORTSMOUTH ELEMENTARY SCHOOLS PORTSMOUTH SCHOOL DISTRICT PURPOSE: FUNDING FOR COLLABORATION WITH HISTORICAL SOCIETY TO EDUCATE GRADE 3 STUDENTS ON LOCAL HISTORY | $5,279 |
PORTSMOUTH HIGH SCHOOL PORTSMOUTH SCHOOL DISTRICT PURPOSE: FUNDING FOR SUMMER READING PROGRAM "CLIPPERS READ!" | $3,000 |
RYE ELEMENTARY SCHOOL RYE SCHOOL DISTRICT CO SAU 50 PURPOSE: FUNDING FOR MAKEY-MAKEY KITS, TO INTERGRATE COMPUTING WITH MUSIC | $1,349 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Clipper Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Ludes Family Foundation Marion, MA PURPOSE: UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Five Colleges Incorporated Amherst, MA | $34,378,872 | $10,361,692 |
Davis Educational Foundation Yarmouth, ME | $128,309,090 | $9,135,716 |
Edvestors Inc Boston, MA | $7,547,722 | $6,626,116 |
University Of Massachusetts Amherst Foundation Inc Amherst, MA | $444,765 | $4,647,084 |
The Foundation For Maine Community Colleges South Portland, ME | $20,354,624 | $16,834,487 |
Colleges Of The Fenway Inc Boston, MA | $2,185,808 | $3,391,720 |
Wcs - 381 Plantation Street Inc Shrewsbury, MA | $16,538,126 | $4,615,969 |
Suffolk Cares Charitable Foundation Inc Boston, MA | $3,379,483 | $3,377,974 |
Wcs - 377 Plantation Street Inc Shrewsbury, MA | $13,502,481 | $3,150,607 |
Assistments Foundation Inc Auburn, MA | $1,118,633 | $2,251,473 |
Van Otterloo Family Foundation Marblehead, MA | $51,266,460 | $3,136,596 |
Global Learning Charter Public School Foundation Inc New Bedford, MA | $39,206 | $2,289,881 |