Skip to content
ProPublica Donate
ProPublica Donate

David R Clare And Margaret C Clare Foundation

Clare David R Ttee
  • Morristown, NJ
  • Tax-exempt since Dec. 1991
  • EIN: 65-0300004

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$653k (2024)

Expenses
$22.5M (2024)

Total Assets
$3.71M (2024)

Total Liabilities
$0 (2024)

Years with missing data
Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Oct.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$652,948
Expenses
$22,544,557
Net Income
-$21,891,609
Net Assets
$3,712,343
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $949,368
> 100%
Sales of Assets -$296,420
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $21,791,066
96.7%
Compensation of Officers* $820,534
3.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,712,343
Total Liabilities $0
Net Assets $3,712,343
Compensation
Key Employees and Officers Compensation Other
Carol A Clare (Managing Director & Truste) $308,050 $12,322
David R Clare Jr (Managing Director & Trustee) $264,550 $10,582
Matthew D Hinton (Regional Director & Truste) $126,250 $0
Robert B Hinton Jr (Regional Director & Truste) $121,684 $4,867
+ View more people

Document Links

990-PF
Filed on March 14, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Oct.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,355,627
Expenses
$23,871,260
Net Income
-$22,515,633
Net Assets
$26,985,700
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $1,250,334
92.2%
Sales of Assets $105,293
7.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $22,979,056
96.3%
Compensation of Officers* $983,656
4.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $26,985,700
Total Liabilities $0
Net Assets $26,985,700
Compensation
Key Employees and Officers Compensation Other
David R Clare Jr (Managing Director & Trustee) $300,672 $12,027
Carol A Clare (Managing Director & Truste) $256,872 $10,275
Christopher E Clare (Regional Director & Truste) $185,823 $7,433
Matthew D Hinton (Regional Director & Truste) $122,500 $0
Robert B Hinton Jr (Regional Director & Truste) $117,789 $4,712
+ View more people

Document Links

990-PF
Filed on Sept. 9, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Oct.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,662,966
Expenses
$15,362,469
Net Income
-$8,699,503
Net Assets
$50,307,176
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $1,368,149
20.5%
Sales of Assets $5,294,817
79.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $14,368,031
93.5%
Compensation of Officers* $1,033,606
6.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $50,309,560
Total Liabilities $2,384
Net Assets $50,307,176
Compensation
Key Employees and Officers Compensation Other
Carol A Clare (Managing Director & Truste) $300,600 $12,024
David R Clare Jr (Managing Director & Trustee) $257,477 $10,299
Christopher E Clare (Regional Director & Truste) $235,240 $9,254
Matthew D Hinton (Regional Director & Truste) $122,500 $0
Robert B Hinton Jr (Regional Director & Truste) $117,789 $4,712
+ View more people

Document Links

990-PF
Filed on Aug. 17, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Oct.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$23,664,752
Expenses
$10,627,729
Net Income
$13,037,023
Net Assets
$59,293,738
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $1,258,221
5.3%
Sales of Assets $22,406,531
94.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $9,369,552
88.2%
Compensation of Officers* $1,033,066
9.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $59,293,738
Total Liabilities $0
Net Assets $59,293,738
Compensation
Key Employees and Officers Compensation Other
Christopher E Clare (Managing Director & Truste) $300,450 $12,018
Carol A Clare (Managing Director & Truste) $257,627 $10,305
David R Clare Jr (Regional Director & Truste) $234,700 $9,232
Matthew D Hinton (Regional Director & Truste) $122,500 $0
Robert B Hinton Jr (Regional Director & Truste) $117,789 $4,712
+ View more people

Document Links

990-PF
Filed on Sept. 12, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Oct.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,027,950
Expenses
$8,797,787
Net Income
-$769,837
Net Assets
$46,385,693
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $120,567
1.5%
Dividends $1,366,909
17.0%
Sales of Assets $6,540,474
81.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $7,607,146
86.5%
Compensation of Officers* $1,034,116
11.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $46,385,694
Total Liabilities $1
Net Assets $46,385,693
Compensation
Key Employees and Officers Compensation Other
David R Clare Jr (Managing Director & Truste) $301,250 $12,050
Christopher E Clare (Managing Director & Truste) $257,677 $10,307
Carol Clare Defuria (Regional Director & Truste) $234,900 $9,396
Matthew D Hinton (Regional Director & Truste) $122,500 $0
Robert B Hinton Jr (Regional Director & Truste) $117,789 $4,712
+ View more people

Document Links

990-PF
Filed on Sept. 13, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Oct.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,245,973
Expenses
$8,869,302
Net Income
-$6,623,329
Net Assets
$47,151,319
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $17,998
0.8%
Dividends $1,786,574
79.5%
Sales of Assets $441,401
19.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $7,746,237
87.3%
Compensation of Officers* $1,034,016
11.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $47,151,319
Total Liabilities $0
Net Assets $47,151,319

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Oct.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Oct.
2017

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Oct.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Oct.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,730,914
Expenses
$2,977,154
Net Income
-$246,240
Net Assets
$56,580,573
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $817
0.0%
Dividends $1,645,859
60.3%
Sales of Assets $1,084,238
39.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,175,728
73.1%
Compensation of Officers* $948,658
31.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $56,580,573
Total Liabilities $0
Net Assets $56,580,573

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Oct.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$52,407,279
Expenses
$753,935
Net Income
$51,653,344
Net Assets
$56,826,813
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $51,898,743
99.0%
Interest Revenue $33
0.0%
Dividends $474,277
0.9%
Sales of Assets $34,226
0.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $741,950
98.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $56,826,813
Total Liabilities $0
Net Assets $56,826,813

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Oct.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$514,639
Expenses
$613,639
Net Income
-$99,000
Net Assets
$4,998,405
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $30
0.0%
Dividends $445,583
86.6%
Sales of Assets $69,026
13.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $600,601
97.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,998,405
Total Liabilities $0
Net Assets $4,998,405

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Oct.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$347,936
Expenses
$598,639
Net Income
-$250,703
Net Assets
$4,920,180
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $25
0.0%
Dividends $417,509
> 100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $587,278
98.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,920,180
Total Liabilities $0
Net Assets $4,920,180

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Oct.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$398,875
Expenses
$526,365
Net Income
-$127,490
Net Assets
$5,002,195
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $72
0.0%
Dividends $396,817
99.5%
Sales of Assets $1,986
0.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $517,163
98.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,002,195
Total Liabilities $0
Net Assets $5,002,195

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Oct.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Oct.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Oct.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Oct.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Oct.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Oct.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Oct.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Oct.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Oct.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Oct.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Contact Us

About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated