Clf Ventures Inc
- Assets
- $373.2k
- Revenue
- $242.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 01/1998
- Data as of
- 07/2022
- EIN
- 04-3355728
Organization Overview
Clf Ventures Inc is located in Boston, MA. The organization was established in 1998. According to its NTEE Classification (C01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clf Ventures Inc 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 07/2022, Clf Ventures Inc generated $242.4k 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 (12.9%) each year. All expenses for the organization totaled $286.2k during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (15.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Clf Ventures Inc has awarded 23 individual grants totaling $2,533,661. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PURSUE BUSINESS AND INVESTMENT OPPORTUNITIES WHICH CONSERVE NATURAL RESOURCES AND DEMONSTRATE TO CLIENTS HOW TO BECOME A FORCE TO PROTECT NATURE, NOT DIMINISH IT, WHILE CONDUCTING THIER BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PURSUE BUSINESS AND INVESTMENT OPPORTUNITIES WHICH CONSERVE NATURAL RESOURCES AND DEMONSTRATE TO CLIENTS HOW TO BECOME A FORCE TO PROTECT NATURE, NOT DIMINISH IT, WHILE CONDUCTING THEIR BUSINESS.
TO PURSUE BUSINESS AND INVESTMENT OPPORTUNITIES WHICH CONSERVE NATURAL RESOURCES AND DEMONSTRATE TO CLIENTS HOW TO BECOME A FORCE TO PROTECT NATURE, NOT DIMINISH IT, WHILE CONDUCTING THEIR BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene Bernat Co-Chair | OfficerTrustee | 1 | $0 |
Dr Thea James Co-Chair | OfficerTrustee | 1 | $0 |
Virginia Foote President | OfficerTrustee | 1 | $0 |
Eileen Marks Treasurer | OfficerTrustee | 1 | $0 |
Kelsey Salmon Schreck Clerk | OfficerTrustee | 1 | $0 |
Bradley Campbell Ex-Officio | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Boston Harbor Cruise Consultant | 7/30/18 | $164,552 |
Margaret Super Church Consultant | 7/30/18 | $116,675 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $168,423 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $168,423 |
| Total Program Service Revenue | $73,963 |
| Investment income | $0 |
| 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 | $242,386 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $135,002 |
| 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 | $92,825 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,054 |
| Payroll taxes | $6,552 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,474 |
| Information technology | $5,426 |
| Royalties | $0 |
| Occupancy | $3,322 |
| Travel | $260 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $550 |
| Interest | $390 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,243 |
| Insurance | $1,602 |
| All other expenses | $0 |
| Total functional expenses | $286,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $340,885 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,297 |
| 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 | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $373,182 |
| Accounts payable and accrued expenses | $25,971 |
| 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 | $1,721,784 |
| Total liabilities | $1,747,755 |
| Net assets without donor restrictions | -$1,374,573 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $373,182 |
Grants Awarded
Over the last fiscal year, Clf Ventures Inc has awarded $270,004 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MJ BRADLEY & ASSOCIATES LLC PURPOSE: EPA CLEAN DIESEL PROGRAM | $9,096 |
NEW YORK CITY CRUISE LINES INC PURPOSE: EPA CLEAN DIESEL PROGRAM | $125,906 |
MJ BRADLEY & ASSOCIATES LLC PURPOSE: EPA CLEAN DIESEL PROGRAM | $9,096 |
NEW YORK CITY CRUISE LINES INC PURPOSE: EPA CLEAN DIESEL PROGRAM | $125,906 |