Overview
What is Real Clear Foundation?
Real Clear Foundation is a nonprofit organization, headquartered in Northbrook, Illinois, with a single employee. Their primary focus is on investigative reporting, aiming to curate and produce top-notch investigative content. This mission is geared towards supporting news aggregation and content creation that serves the public interest. The foundation does not provide any specific details regarding the nature of their investigative reports or the scope of their activities, but their mission suggests a commitment to contributing positively to the public discourse through journalistic investigations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, earning it a Two-Star out of Four Star rating.
Real Clear Foundation has received a Two-Star rating from Charity Navigator, reflecting a 68% score in accountability and finance. This suggests that while the organization performs well in certain financial metrics, there are significant areas for improvement, particularly in governance and transparency practices. The foundation has a strong program expense ratio of 79.04%, indicating that a substantial portion of its funds is allocated to its programs.
However, there are notable limitations in its governance structure. The foundation has only 33% independent board members and lacks several essential policies, such as conflict of interest and whistleblower policies. Furthermore, the organization's website is not listed on its tax form, and key documents related to transparency are missing, which could undermine trust among potential donors and stakeholders.
Despite these shortcomings, the foundation has demonstrated sound financial health with a low liabilities-to-assets ratio and high fundraising efficiency. This suggests that, while there are areas to enhance governance and accountability, the foundation is effectively using its resources to support its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Real Clear Foundation legitimate?
Real Clear Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Real Clear Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $260,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,311,396
For more financial information, click here
What is the mission statement of Real Clear Foundation?
The Real Clear Foundation's mission is centered around promoting news aggregation and content creation that serves the public good. In essence, their primary objective is to sponsor this type of journalistic work. Real Clear Investigations, a specific initiative under the foundation, is dedicated to investigative reporting. Their mission within this realm is to generate and curate the highest quality investigative reporting available.
Who is the CEO of Real Clear Foundation?
David Desrosiers is the Chairman, President And Secretary of Real Clear Foundation.
What is the revenue of Real Clear Foundation?
Real Clear Foundation's revenue in 2022 was $3,614,001.
Who are the executives of Real Clear Foundation and what are their salaries?
The average compensation at Real Clear Foundation during 2022 was $2,571,396. There is 1 employee at Real Clear Foundation.
Here are 3 key members and their salaries:
- Compensation: $170,000
- Related: $0
- Other: $0
- Compensation: $90,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Real Clear Foundation?
Real Clear Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Real Clear Foundation
Real Clear Foundation, as a nonprofit organization, is dedicated to supporting news aggregation and content creation that serves the public good. Their mission is to underwrite and facilitate the production and curation of top-tier investigative reporting. This is carried out by RealClearInvestigations, a division of the foundation, which is committed to producing and showcasing the finest investigative reporting available anywhere. The goal is to provide the public with reliable, in-depth, and impactful investigative reports.
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Impact
July, 2024
Real Clear Foundation's impact is evident through its focus on investigative reporting with a mission to produce and curate the best investigative reporting available. The foundation underwrites news aggregation and content creation that is in the public good, emphasizing education as a key aspect of its mission. Through its work, Real Clear Foundation plays a crucial role in promoting transparency, accountability, and informing the public on important issues.
This information is meant to be a general summary of Real Clear Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $3,814,535
Assets and Liabilities:
- Total Assets: $4,984,484
- Total Liabilities: $1,775,450
- Net Assets: $3,209,034
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Organization Details
Founding Year
1998
Phone
(773) 545-9090Principal Officer
David Desrosiers
Main Address
666 DUNDEE ROAD 600, NORTHBROOK, IL, 60062
NTEE Category
Code: B82 - Education
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