Clermont Foundation
- Assets
- $28.4m
- Revenue
- $19.4m
- Investments
- $11.8m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 09/1995
- Data as of
- 12/2022
- EIN
- 04-6772671
Organization Overview
Clermont Foundation is located in Boston, MA. The organization was established in 1995. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clermont Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Clermont Foundation generated $19.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 43.0% each year . All expenses for the organization totaled $934.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Clermont Foundation has awarded 188 individual grants totaling $5,953,300. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard E Cox Jr Trustee | 2 | $0 | |
Julie Doe Chief Administrative Officer | 2 | $10,528 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,298,830 |
| Interest on Savings | $0 |
| Dividends & Interest | $827,247 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,289,814 |
| Capital Gain Net Income | $9,289,814 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,415,891 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,528 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $120,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,000 |
| Total operating and administrative expenses | $161,510 |
| Contributions, gifts, grants paid | $772,750 |
| Total expenses and disbursements | $934,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,598,619 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $28,388,228 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Clermont Foundation has awarded $772,750 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
BATH AND TENNIS CLUB HISTORIC FOUNDATION PURPOSE: GENERAL OPERATING | $1,000 |
BOYS AND GIRLS CLUBS OF PALM BEACH COUNTY PURPOSE: GENERAL OPERATING | $37,000 |
BRIGHAM AND WOMEN'S HOSPITAL PURPOSE: GENERAL OPERATING | $60,000 |
BUSINESS EXECUTIVES FOR NATIONAL SECURITY PURPOSE: GENERAL OPERATING | $50,000 |
COLLEGIATE SCHOOL PURPOSE: GENERAL OPERATING | $2,000 |
CURE ALZHEIMERS FUND PURPOSE: GENERAL OPERATING | $5,600 |