Nonprofit · EIN 65-0300004
DAVID R CLARE AND MARGARET C CLARE FOUNDATION
Also known as CLARE DAVID R TTEE
Tax-exempt · PARSIPPANY, NJ 07054
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| October 31, 2025 | 990-PF | $43,650 | $3,327,723 | -$3,284,073 | $461,535 | $0 | $461,535 |
| October 31, 2024 | 990-PF | $652,948 | $22,544,557 | -$21,891,609 | $3,712,343 | $0 | $3,712,343 |
| October 31, 2023 | 990-PF | $1,355,627 | $23,871,260 | -$22,515,633 | $26,985,700 | $0 | $26,985,700 |
| October 31, 2021 | 990-PF | $23,664,752 | $10,627,729 | $13,037,023 | $59,293,738 | $0 | $59,293,738 |
Financial details: 990-PF for the year ended October 31, 2025
Revenue
- Dividends
- $25,650
- Net gain from sales of assets
- $18,000
Expenses
- Grants and similar amounts paid
- $3,020,760
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $3,179,310
Balance sheet and other
- Total assets, start of year
- $3,712,343
- Total assets, end of year
- $461,535
- Total liabilities, end of year
- $0
- Net assets, end of year
- $461,535
- Fair market value of assets
- $461,535
- Qualifying distributions
- $3,179,310
- Net investment income
- $40,190
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended October 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAROL A CLARE C/O PORZIO 5 SYLVAN WAY PO BOX 218, PARSIPPANY, NJ 07054 | MANAGING DIRECTOR & TRUSTE | 0 | $0 |
| DAVID R CLARE JR C/O PORZIO 5 SYLVAN WAY PO BOX 218, PARSIPPANY, NJ 07054 | MANAGING DIRECTOR & TRUSTEE | 0 | $0 |
| ROBERT B HINTON JR C/O PORZIO 5 SYLVAN WAY PO BOX 218, PARSIPPANY, NJ 07054 | REGIONAL DIRECTOR & TRUSTE | 0 | $0 |
| MATTHEW D HINTON C/O PORZIO 5 SYLVAN WAY PO BOX 218, PARSIPPANY, NJ 07054 | REGIONAL DIRECTOR & TRUSTE | 0 | $0 |
990-PF for the year ended October 31, 2024: 4 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CAROL A CLARE C/O PORZIO ET AL PO BOX 1997, MORRISTOWN, NJ 079621997 | MANAGING DIRECTOR & TRUSTE | 30 | $308,050 | $12,322 |
| DAVID R CLARE JR C/O PORZIO ET AL PO BOX 1997, MORRISTOWN, NJ 079621997 | MANAGING DIRECTOR & TRUSTEE | 30 | $264,550 | $10,582 |
| MATTHEW D HINTON C/O PORZIO ET AL PO BOX 1997, MORRISTOWN, NJ 079621997 | REGIONAL DIRECTOR & TRUSTE | 30 | $126,250 | $0 |
| ROBERT B HINTON JR C/O PORZIO ET AL PO BOX 1997, MORRISTOWN, NJ 079621997 | REGIONAL DIRECTOR & TRUSTE | 30 | $121,684 | $4,867 |
990-PF for the year ended October 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID R CLARE JR C/O PORZIO ET AL PO BOX 1997, MORRISTOWN, NJ 079621997 | MANAGING DIRECTOR & TRUSTEE | 30 | $300,672 | $12,027 |
| CAROL A CLARE C/O PORZIO ET AL PO BOX 1997, MORRISTOWN, NJ 079621997 | MANAGING DIRECTOR & TRUSTE | 30 | $256,872 | $10,275 |
| CHRISTOPHER E CLARE C/O PORZIO ET AL PO BOX 1997, MORRISTOWN, NJ 079621997 | REGIONAL DIRECTOR & TRUSTE | 30 | $185,823 | $7,433 |
| MATTHEW D HINTON C/O PORZIO ET AL PO BOX 1997, MORRISTOWN, NJ 079621997 | REGIONAL DIRECTOR & TRUSTE | 30 | $122,500 | $0 |
| ROBERT B HINTON JR C/O PORZIO ET AL PO BOX 1997, MORRISTOWN, NJ 079621997 | REGIONAL DIRECTOR & TRUSTE | 30 | $117,789 | $4,712 |
990-PF for the year ended October 31, 2021: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTOPHER E CLARE C/O PORZIO ET AL PO BOX 1997, MORRISTOWN, NJ 079621997 | MANAGING DIRECTOR & TRUSTE | 30 | $300,450 | $12,018 |
| CAROL A CLARE C/O PORZIO ET AL PO BOX 1997, MORRISTOWN, NJ 079621997 | MANAGING DIRECTOR & TRUSTE | 30 | $257,627 | $10,305 |
| DAVID R CLARE JR C/O PORZIO ET AL PO BOX 1997, MORRISTOWN, NJ 079621997 | REGIONAL DIRECTOR & TRUSTE | 30 | $234,700 | $9,232 |
| MATTHEW D HINTON C/O PORZIO ET AL PO BOX 1997, MORRISTOWN, NJ 079621997 | REGIONAL DIRECTOR & TRUSTE | 30 | $122,500 | $0 |
| ROBERT B HINTON JR C/O PORZIO ET AL PO BOX 1997, MORRISTOWN, NJ 079621997 | REGIONAL DIRECTOR & TRUSTE | 30 | $117,789 | $4,712 |
Address and contacts
- Address (IRS master file)
- PO BOX 218, PARSIPPANY, NJ 07054-0218
- In care of
- % PORZIO BROMBERG & NEWMAN
- Signed the 990-PF
- DAVID R CLARE JR, MANAGING DIRECTOR & TRUSTEE
- Phone
- (973) 538-4006
- Return prepared by
- PORZIO BROMBERG & NEWMAN PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in October, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | October 31, 2026 | March 15, 2027 | Not due yet |
| 2024 | October 31, 2025 | March 16, 2026 | 990-PF on file |
| 2023 | October 31, 2024 | March 17, 2025 | 990-PF on file |
IRS record
- EIN
- 65-0300004
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1991
- Accounting year ends
- October
- Files
- Form 990-PF
- Assets (IRS master file)
- $461,535
- Income (IRS master file)
- $390,687
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | October 2025 | $43,650 | $3,327,723 | $461,535 | XML |
| 990-PF | October 2024 | $652,948 | $22,544,557 | $3,712,343 | XML |
| 990-PF | October 2023 | $1,355,627 | $23,871,260 | $26,985,700 | XML |
| 990-PF | October 2022 | – | – | – | IRS |
| 990-PF | October 2021 | $23,664,752 | $10,627,729 | $59,293,738 | XML |
| 990-PF | October 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 65-0300004).
Questions about DAVID R CLARE AND MARGARET C CLARE FOUNDATION
- What is the EIN of DAVID R CLARE AND MARGARET C CLARE FOUNDATION?
- The employer identification number (EIN) of DAVID R CLARE AND MARGARET C CLARE FOUNDATION is 65-0300004.
- Is DAVID R CLARE AND MARGARET C CLARE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to DAVID R CLARE AND MARGARET C CLARE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does DAVID R CLARE AND MARGARET C CLARE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of DAVID R CLARE AND MARGARET C CLARE FOUNDATION due?
- The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DAVID R CLARE AND MARGARET C CLARE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended October 2025.
- Who are the officers and directors of DAVID R CLARE AND MARGARET C CLARE FOUNDATION?
- The 990-PF for the year ended October 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does DAVID R CLARE AND MARGARET C CLARE FOUNDATION have?
- On its 990-PF for the year ended October 31, 2025 it reported revenue of $43,650, expenses of $3,327,723 and total assets of $461,535 at year end.
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