Albert B & Vera Clement Charitable Trust
501(c)(92)
Only null% goes to programs Strong reserves Declining revenue
Albert B & Vera Clement Charitable Trust is a 501(c)(92) organization based in Altoona, Iowa, with $44,674 in FY2023 revenue. CharityIndex grades it F.
Po Box 367, Altoona, IA, 50009 EIN 42-1214336
Revenue (FY2023)
$45K
▼ 4.0% vs prior year
Expenses (FY2023)
$121K
Net assets
$2.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Albert B & Vera Clement Charitable Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating196 mo reserves · -170% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Albert B & Vera Clement Charitable Trust: 196 mo reserves · -170% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Albert B & Vera Clement Charitable Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Albert B & Vera Clement Charitable Trust: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue declined from $46K (FY2019) to $45K (FY2023) across 5 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $2.0M
Operating margin
-170.5%
Spent more than it raised in the latest fiscal year.
Total assets
$2.0M
Total liabilities
$0
Net assets
$2.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $44,674▼4.0% | $120,825▲6.2% | $1,968,472▼3.4% | $1,968,472▼3.4% | 990PF |
| 2022 | $46,516▲17.5% | $113,745▼38.7% | $2,036,905▼2.8% | $2,036,905▼2.8% | 990PF |
| 2021 | $39,590▼72.0% | $185,691▲23.8% | $2,096,006▼6.2% | $2,096,006▼6.2% | 990PF |
| 2020 | $141,517▲206% | $149,973▲60.7% | $2,235,644▲10.5% | $2,235,644▲10.5% | 990PF |
| 2019 | $46,280 | $93,331 | $2,023,561 | $2,023,561 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Albert B & Vera Clement Charitable Trust a legitimate nonprofit?
- Yes. Albert B & Vera Clement Charitable Trust is a 501(c)(92) organization registered with the U.S. Internal Revenue Service under EIN 42-1214336, based in Altoona, Iowa.
- What is Albert B & Vera Clement Charitable Trust's EIN?
- Albert B & Vera Clement Charitable Trust's Employer Identification Number (EIN) is 42-1214336.
- How much revenue does Albert B & Vera Clement Charitable Trust report?
- Albert B & Vera Clement Charitable Trust reported $44,674 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Albert B & Vera Clement Charitable Trust have?
- CharityIndex grades Albert B & Vera Clement Charitable Trust F, based on financial health (reserves and operating margin).
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Data for Albert B & Vera Clement Charitable Trust (EIN 42-1214336) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.