Clear Ribbon Foundation
Nonprofit profile at a glance
- EIN
- 853019965
- IRS 990-EZ coverage
- 2021–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990-EZ 2024
- Location
- Downers Grove, IL, USA
- Phone
- 6308536707
- Rating
- 59
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $25,184
- Expenses
- $12,543
- Assets
- $69,555
- Liabilities
- $12,211
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
People named in this filing
- MICHAEL FUMAGALLI (PRESDIENT)
- JAMES BEAVERS (TREASURER)
- GINA FAILLO (VICE PRESIDE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Clear Ribbon Foundation is a non-for-profit foundation that comes alongside widows and widowers following the death of their spouse, due to cancer, to provide short, mid and long-term support, for them and their surviving children, in forging a path of hope and healing.
What it reported doing in 2024
Helping families, torn by a cancer death of a parent, to rebuild their lives by helping clear hurdles now cast upon them.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 34
- Transparency & Controls: 82
- Sustainability: 76
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 24.9%; rating input score 25
- Program expense ratio: 50.1%; rating input score 50
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 50.2%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 5.55; rating input score 85; 85th percentile among comparable filings
- Liabilities to assets ratio: 0.18; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 26.1% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: 20.2% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: 42.1% per year; rating input score 100; 94th percentile among comparable filings
Details
- What they do: 10 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 24.9% of revenue deployed · 50.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $6K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 25/100.
- Review — Financial Efficiency: Program expense ratio scored 50/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.