Clipper Petroleum Foundation Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO SUPPORT COMMUNITY ORGANIZATIONS AND LOCAL SCHOOLS IN THE AREAS IN WHICH CLIPPER PETROLEUM, INC. DOES BUSINESS.
- Income
- $151,252
- Spending
- $194,316
- Reserves
- 11.5 months of spending
- Largest source of income
- donations and private grants, 100%
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 69 out of 100. Higher than 33% of charities in its peer group (education, under $250k).
Reserves
28 of 35Spendable reserves would cover 11.5 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
0 of 15Spending exceeded income by 28% of income.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- THE FOUNDATION ACCEPTS GRANT APPLICATIONS FROM NON-PROFIT ORGANIZATIONS AND SCHOOLS FROM APRIL 15 UNTIL AUGUST 31. THE BOD REVIEWS ALL GRANT REQUESTS IN OCTOBER AND PRIMARILY ISSUES GRANT PAYMENTS IN NOVEMBER AND DECEMBER. IN 2024, APPROXIMATELY 90 GRANTS TOTALING $189,927 WERE GRANTED TO NON-PROFITS,PUBLIC SCHOOLS AND COMMUNITY OUTREACH PROJECTS BY THE FOUNDATION. GRANTS OF $5,000 OR MORE ARE LISTED IN THIS RETURN. SINCE 2013, CLIPPER PETROLEUM FOUNDATION HAS GIVEN OVER 500 GRANTS TO LOCAL SCHOOLS AND NON-PROFITS TOTALING OVER $1,000,000
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 2013.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.