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CLIPPER SHIP FOUNDATION INC C/O HILL & BARLOW: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
CLIPPER SHIP FOUNDATION INC C/O HILL & BARLOW (EIN 04-2687384)
Tax period
2024-11-01 to 2025-10-31
Filed
2026-02-26
IRS object ID
202610579349100406
Schema version
2024v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-02-26T09:40:16-05:00ReturnTs
Tax Period End2025-10-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN203758246PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1NEAL A PRICE & COMPANYBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1222 ROSEWOOD DRIVE 3RD FLOOR SUITAddressLine1Txt
CityDANVERSCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01923ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-11-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN042687384EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CLIPPER SHIP FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCLIPBusinessNameControlTxt
Phone6174349185PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 870138AddressLine1Txt
CityMILTON VILLAGECityNm
State AbbreviationMAStateAbbreviationCd
ZIP02187ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDONALD GREENEPersonNm
Person TitlePRESIDENT / DIRECTORPersonTitleTxt
Phone6173774367PhoneNum
Signature2026-02-05SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPAUL D PRICE CPAPreparerPersonNm
PTINP00449819PTIN
Phone9788545656PhoneNum
Preparation2026-02-05PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$5,361,777FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$2,592InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$2,592InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$2,592InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$160,689DividendsRevAndExpnssAmt
Dividends Net Invst Incm$160,689DividendsNetInvstIncmAmt
Dividends Adj Net Incm$160,689DividendsAdjNetIncmAmt
Other Income Rev And Expnss$354,447OtherIncomeRevAndExpnssAmt
Other Income Adj Net Incm$354,447OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$517,728TotalRevAndExpnssAmt
Total Net Invst Incm$163,281TotalNetInvstIncmAmt
Total Adj Net Incm$517,728TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$4,250AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$32,568OtherProfFeesRevAndExpnssAmt
Taxes Rev And Expnss$2,524TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$25,490OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$64,832TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$100,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$100,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$164,832TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$100,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$352,896ExcessRevenueOverExpensesAmt
Net Investment Income$163,281NetInvestmentIncomeAmt
Adjusted Net Income$517,728AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$173,812CashBOYAmt
Cash EOY$228,500CashEOYAmt
Cash EOYFMV$228,500CashEOYFMVAmt
Prepaid Expenses BOY$8,700PrepaidExpensesBOYAmt
Prepaid Expenses EOY$8,700PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV$8,700PrepaidExpensesEOYFMVAmt
Other Investments BOY$4,812,459OtherInvestmentsBOYAmt
Other Investments EOY$5,111,133OtherInvestmentsEOYAmt
Other Investments EOYFMV$5,111,133OtherInvestmentsEOYFMVAmt
Other Assets BOY$13,444OtherAssetsBOYAmt
Other Assets EOY$13,444OtherAssetsEOYAmt
Other Assets EOYFMV$13,444OtherAssetsEOYFMVAmt
Total Assets BOY$5,008,415TotalAssetsBOYAmt
Total Assets EOY$5,361,777TotalAssetsEOYAmt
Total Assets EOYFMV$5,361,777TotalAssetsEOYFMVAmt
Accounts Payable BOY$9,544AccountsPayableBOYAmt
Accounts Payable EOY$10,010AccountsPayableEOYAmt
Other Liabilities BOY$90,000OtherLiabilitiesBOYAmt
Other Liabilities EOY$90,000OtherLiabilitiesEOYAmt
Total Liabilities BOY$99,544TotalLiabilitiesBOYAmt
Total Liabilities EOY$100,010TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$4,908,871NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$5,261,767NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$4,908,871TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$5,261,767TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$5,008,415TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$5,361,777TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$4,908,871TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$352,896ExcessRevenueOverExpensesAmt
Subtotal$5,261,767SubtotalAmt
Tot Net Ast Or Fund Balances EOY$5,261,767TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,270InvestmentIncomeExciseTaxAmt
Subtotal$2,270SubtotalAmt
Tax Based On Investment Income$2,270TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$119EsPenaltyAmt
Tax Due$2,389TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateMAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressHTTP://CLIPPERSHIPFOUNDATION.ORGWebsiteAddressTxt
Individual With BooksDONALD GREENEIndividualWithBooksNm
Phone6174349185PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 870138AddressLine1Txt
CityMILTON VILLAGECityNm
State AbbreviationMAStateAbbreviationCd
ZIP02187ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
DONALD GREENE
PO BOX 870138MILTON VILLAGEMA02187PRESIDENT /000.00$0$0$0
GENE ALLEN MILLER
PO BOX 870138MILTON VILLAGEMA02187TREAUSRER /000.00$0$0$0
DANIEL J HUESLMAN
PO BOX 870138MILTON VILLAGEMA02187CLERK/DIRECT000.00$0$0$0
KATHARINE LACY
PO BOX 870138MILTON VILLAGEMA02187DIRECTORY000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$4,844,628AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$227,926AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$5,072,554TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$5,072,554AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$76,088CashDeemedCharitableAmt
Net Vl Noncharitable Assets$4,996,466NetVlNoncharitableAssetsAmt
Minimum Investment Return$249,823MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$249,823MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,270TaxBasedOnInvestmentIncomeAmt
Total Tax$2,270TotalTaxAmt
Distributable Before Adj$247,553DistributableBeforeAdjAmt
Distributable Before Ded$247,553DistributableBeforeDedAmt
Distributable As Adjusted$247,553DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$100,000ExpensesAndContributionsAmt
Qualifying Distributions$100,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$247,553DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$379,800ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$432,665ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$13,631,115ExcessDistributionCyovYr3Amt
Total Excess Distribution Cyov$14,443,580TotalExcessDistributionCyovAmt
Qualifying Distributions$100,000QualifyingDistributionsAmt
Applied To Current Year$100,000AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$147,553ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$147,553ExcessDistributionCyovAppCYAmt
Total Corpus$14,296,027TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$232,247ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$14,063,780ExcessDistriCyovToNextYrAmt
Excess From Year4$432,665ExcessFromYear4Amt
Excess From Year3$13,631,115ExcessFromYear3Amt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonDONALD GREENERecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 870138AddressLine1Txt
CityMILTON VILLAGECityNm
State AbbreviationMAStateAbbreviationCd
ZIP02187ZIPCd
FieldValueIRS element (for citing)
Recipient Phone6173203623RecipientPhoneNum
Recipient Email AddressINFO@CLIPPERSHIPFOUNDATION.ORGRecipientEmailAddressTxt
Form And Info And MaterialsAPPLICATIONS MUST BE FILED ONLINE ON THE ORGANIZATION'S WEBSITE AND MUST INCLUDE A BRIEF ORGANIZATION PROFILE, VERIFY YOUR 501(C)(3) STATUS, INDICATE THE GRANT FOCUS AREA (FOSTER CARE, OPPORTUNITY YOUTH OR HOUSING AND SHELTER) OF THE REQUEST, AND UPLOAD A BRIEF (TWO-PAGE MAXIMUM) CONCEPT PAPER EXPLAINING THE GOALS, OBJECTIVES AND INTENDED IMPACTS FOR THE PROPOSED REQUEST. APPLICATNS WILL BE NOTIFIED AS TO WHETHER THEY HAVE BEEN INVITED TO SUBMIT A FULL PROPOSAL. INVITED APPLICATNTS WILL RECEIVE INSTRUCTIONS FOR COMPLETING A FULL PROPOSAL. FOLLOWING PROPOSAL SUBMISSION, APPLICANTS MAY BE ASKED TO HOST A SITE VISIT IN LATE APRIL OR MAY.FormAndInfoAndMaterialsTxt
Submission DeadlinesTHE FOUNDATION FOCUSES ITS GRANT ACTIVITIES IN THE AREAS OF HOUSING AND SHELTER, FOSTER CARE, AND OPSubmissionDeadlinesTxt
Restrictions On AwardsNONERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1INDEPENDENT SECTORBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line11602 L STREET NWAddressLine1Txt
Address Line2SUITE 900AddressLine2Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20036ZIPCd
FieldValueIRS element (for citing)
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposePROGRAM SUPPORTGrantOrContributionPurposeTxt
Amt$100,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$100,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$2,592ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$160,689ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd

Other Revenue Described OtherRevenueDescribedGrp (2 entries)

DescDescRelated Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt
UNREALIZED GAIN ON INVESTME$252,606
REALIZED GAIN ON INVESTMENT$101,841

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$163,281ExclusionAmt
Related Or Exempt Function Incm$354,447RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$517,728TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$4,250Amt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
MUTUAL FUNDSFMV$5,111,133$5,111,133
GMO FORESTRY FUNDFMV

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescPREPAID EXCISE TAXESDesc
BOY Book Value$13,444BOYBookValueAmt
EOY Book Value$13,444EOYBookValueAmt
EOYFMV$13,444EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
BANK CHARGES
ADMIN FEES$3,599
ANNUAL REPORT$37
MEMBERSHIP FEES$12,080
TECHNOLOGY EXPENSE$9,774

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtAdjusted Net IncomeAdjustedNetIncomeAmt
UNREALIZED GAIN ON INVESTMENT$252,606$252,606
REALIZED GAIN ON INVESTMENTS$101,841$101,841

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescDEFERRED TAX LIABILITYDesc
BOY Book Value$90,000BOYBookValueAmt
EOY Book Value$90,000EOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmt
INVESTMENT MANAGEMENT FEES$32,568
CONSULTANTA

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
FEDERAL TAXES$2,274
MASSACHUSETTS AG$250

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