Nonprofit · EIN 35-1079679
CLOWES FUND INCORPORATED
Tax-exempt · INDIANAPOLIS, IN 46244
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $4,827,566 | $4,075,972 | $751,594 | $58,981,945 | $10,255 | $58,971,690 |
| December 31, 2023 | 990-PF | $4,180,302 | $29,565,926 | -$25,385,624 | $58,229,924 | $9,828 | $58,220,096 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $1,812,525
- Interest
- $28,000
- Net gain from sales of assets
- $2,986,988
- Other income
- $53
Expenses
- Grants and similar amounts paid
- $3,138,750
- Compensation of officers, directors and key employees
- $258,950
- Salaries, compensation and benefits (total)
- $130,500
- Disbursements for charitable purposes
- $3,812,143
- Excise tax on investment income
- $64,057
Balance sheet and other
- Total assets, start of year
- $58,229,924
- Total assets, end of year
- $58,981,945
- Total liabilities, end of year
- $10,255
- Net assets, end of year
- $58,971,690
- Fair market value of assets
- $76,655,981
- Qualifying distributions
- $3,812,143
- Net investment income
- $4,827,513
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Megan Reilly PO Box 44233, Indianapolis, IN 46244 | Executive Director | 40 | $150,750 | $16,075 |
| Erin Trisler PO Box 44233, Indianapolis, IN 46244 | Operations Director | 40 | $108,200 | $11,820 |
| Juan Galeano PO Box 44233, Indianapolis, IN 46244 | Program Officer Highest-paid employee | 40 | $98,000 | $10,800 |
| Ben Blanton PO Box 44233, Indianapolis, IN 46244 | Director | 2 | $0 | $0 |
| Aidan Clowes PO Box 44233, Indianapolis, IN 46244 | Director | 2 | $0 | $0 |
| Alexander Wheeler Clowes PO Box 44233, Indianapolis, IN 46244 | Director | 2 | $0 | $0 |
| Daniel Clowes PO Box 44233, Indianapolis, IN 46244 | Director | 2 | $0 | $0 |
| Douglas Clowes PO Box 44233, Indianapolis, IN 46244 | Director | 2 | $0 | $0 |
| Edith Clowes PO Box 44233, Indianapolis, IN 46244 | Director | 2 | $0 | $0 |
| Una Osili PO Box 44233, Indianapolis, IN 46244 | Director | 2 | $0 | $0 |
| Carolyn Osteen PO Box 44233, Indianapolis, IN 46244 | Director | 2 | $0 | $0 |
| Edith Bowles PO Box 44233, Indianapolis, IN 46244 | Director/Vice President | 2 | $0 | $0 |
| Jonathan Clowes PO Box 44233, Indianapolis, IN 46244 | Director/President | 2 | $0 | $0 |
| Samuel Huneke PO Box 44233, Indianapolis, IN 46244 | Director/Secretary | 2 | $0 | $0 |
| Veronica Serrato PO Box 44233, Indianapolis, IN 46244 | Director/Treasurer | 2 | $0 | $0 |
990-PF for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Megan Reilly PO Box 44233, Indianapolis, IN 46244 | Executive Director | 40 | $145,600 | $15,560 |
| Erin Trisler PO Box 44233, Indianapolis, IN 46244 | Operations Director | 40 | $104,000 | $11,400 |
| Juan Galeano PO Box 44233, Indianapolis, IN 46244 | Program Officer Highest-paid employee | 40 | $93,600 | $10,360 |
| Edith Bowles PO Box 44233, Indianapolis, IN 46244 | Director/Vice President | 2 | $0 | $0 |
| Ben Blanton PO Box 44233, Indianapolis, IN 46244 | Director | 2 | $0 | $0 |
| Aidan Clowes PO Box 44233, Indianapolis, IN 46244 | Director | 2 | $0 | $0 |
| Alexander Wheeler Clowes PO Box 44233, Indianapolis, IN 46244 | Director | 2 | $0 | $0 |
| Daniel Clowes PO Box 44233, Indianapolis, IN 46244 | Director | 2 | $0 | $0 |
| Douglas Clowes PO Box 44233, Indianapolis, IN 46244 | Director | 2 | $0 | $0 |
| Jonathan Clowes PO Box 44233, Indianapolis, IN 46244 | Director/President | 2 | $0 | $0 |
| Edith Clowes PO Box 44233, Indianapolis, IN 46244 | Director | 2 | $0 | $0 |
| Samuel Huneke PO Box 44233, Indianapolis, IN 46244 | Director/Secretary | 2 | $0 | $0 |
| Una Osili PO Box 44233, Indianapolis, IN 46244 | Director | 2 | $0 | $0 |
| Carolyn Osteen PO Box 44233, Indianapolis, IN 46244 | Director | 2 | $0 | $0 |
| Veronica Serrato PO Box 44233, Indianapolis, IN 46244 | Director/Treasurer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 44233, INDIANAPOLIS, IN 46244-0233
- In care of
- % FORVIS LLP
- Signed the 990-PF
- Megan Reilly, EXECUTIVE DIRECTOR
- Phone
- (317) 833-0144
- Return prepared by
- FORVIS MAZARS
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 35-1079679
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1954
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $58,981,945
- Income (IRS master file)
- $14,474,446
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $4,827,566 | $4,075,972 | $58,981,945 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $4,180,302 | $29,565,926 | $58,229,924 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-1079679).
Questions about CLOWES FUND INCORPORATED
- What is the EIN of CLOWES FUND INCORPORATED?
- The employer identification number (EIN) of CLOWES FUND INCORPORATED is 35-1079679.
- Is CLOWES FUND INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1954.
- Are donations to CLOWES FUND INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CLOWES FUND INCORPORATED file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CLOWES FUND INCORPORATED due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CLOWES FUND INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of CLOWES FUND INCORPORATED?
- The 990-PF for the year ended December 31, 2024 lists 15 people; 3 received compensation from the organization, the highest $150,750 (Megan Reilly, Executive Director).
- How much revenue does CLOWES FUND INCORPORATED have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $4,827,566, expenses of $4,075,972 and total assets of $58,981,945 at year end.
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