Cloverfields Foundation
- Assets
- $60.3m
- Revenue
- $43.3m
- Investments
- $43.8m
- Employees
- 0
- Location
- Naples, FL
- Founding
- 01/2005
- Data as of
- 12/2023
- EIN
- 20-1919362
Organization Overview
Cloverfields Foundation is located in Naples, FL. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cloverfields Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Cloverfields Foundation has awarded 340 individual grants totaling $32,926,636. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen J Hemsley President | 1 | $0 | |
Barbara K Hemsley Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $28,498,017 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,016,956 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,824,519 |
| Capital Gain Net Income | $12,824,519 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,339,492 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $107,286 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $120,538 |
| Contributions, gifts, grants paid | $5,706,050 |
| Total expenses and disbursements | $5,826,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,855,677 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $4,607,141 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,086,049 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $60,257,863 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $4,600,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,600,000 |
Grants Awarded
Over the last fiscal year, Cloverfields Foundation has awarded $5,706,050 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
180 DEGREES INC PURPOSE: GENERAL OPERATING FUND | $3,000 |
ASCENSION CATHOLIC SCHOOL PURPOSE: GENERAL OPERATING FUND | $25,000 |
BASILICA OF ST MARY'S PURPOSE: GENERAL OPERATING FUND | $50,000 |
BRECK SCHOOL PURPOSE: GENERAL OPERATING FUND | $60,000 |
CHILDREN'S THEATRE PURPOSE: GENERAL OPERATING FUND | $50,000 |
CENTRAL PARK CONSERVANCY PURPOSE: GENERAL OPERATING FUND | $10,000 |