Clark Foundation
- Assets
- $474.8m
- Revenue
- $16.6m
- Investments
- $399.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1932
- Data as of
- 12/2019
- EIN
- 13-5616528
Organization Overview
Clark Foundation is located in New York, NY. The organization was established in 1932. 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.
For the year ending 12/2019, Clark Foundation generated $16.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.2%) each year. All expenses for the organization totaled $38.1m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Clark Foundation has awarded 655 individual grants totaling $148,619,023. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLARK SPORTS CENTER
SCHOLARSHIP DIRECT PROGRAM EXPENSES
OTHER COMMUNITY ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Val Paige Csc Director | 40 | $121,861 | |
Michael Bouton Greenhouse Dir | 40 | $105,207 | |
Gary Kuch Scholarship Dir | 40 | $100,946 | |
Robert Sutherland Farm Director | 40 | $79,835 | |
Kathy Graham Csc | 40 | $72,553 | |
Jane F Clark President/ Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Clark Estates Inc | 12/30/19 | $4,813,800 |
William H Lane Inc | 12/30/19 | $1,000,087 |
Rose And Kiernan | 12/30/19 | $623,711 |
Mirabito Fuel Group | 12/30/19 | $354,733 |
Leatherstocking Corp | 12/30/19 | $245,376 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,125 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,413,174 |
| Net Rental Income | $63,922 |
| Net Gain on Sale of Assets | $237,511 |
| Capital Gain Net Income | $3,051,176 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,862,657 |
| Total Revenue | $16,578,389 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $3,805,725 |
| Pension plans, employee benefits | $1,114,468 |
| Interest | $0 |
| Taxes | $854,899 |
| Depreciation | $1,748,117 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,346,333 |
| Total operating and administrative expenses | $14,941,613 |
| Contributions, gifts, grants paid | $23,186,547 |
| Total expenses and disbursements | $38,128,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,827,139 |
| Net Accounts receivable | $106,387 |
| 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 | $4,244,518 |
| Investments—mortgage loans | $0 |
| Investments—other | $62,530,579 |
| Net Land, buildings, and equipment | $39,622,273 |
| Other assets | $120,000 |
| Total assets | $474,828,323 |
| Accounts payable and accrued expenses | $58,397 |
| 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 | $58,397 |
Grants Awarded
Over the last fiscal year, Clark Foundation has awarded $29,554,547 in support to 125 organizations.
| Grant Recipient | Amount |
|---|---|
CLARK FOUNDATION SCHOLARSHIP PROGRAM PURPOSE: SCHOLARSHIPS | $4,018,608 |
YMCA OF GREATER NEW YORK PURPOSE: GENERAL SUPPORT | $600,000 |
Philadelphia, PA PURPOSE: GENERAL SUPPORT | $595,781 |
Brooklyn, NY PURPOSE: GENERAL SUPPORT | $525,000 |
Cooperstown, NY PURPOSE: GENERAL SUPPORT | $500,000 |
Cooperstown, NY PURPOSE: GENERAL SUPPORT | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Longwood Gardens Inc Kennett Square, PA | $1,061,058,911 | $67,126,419 |
Clark Foundation New York, NY | $474,828,323 | $16,578,389 |
John A Hartford Foundation New York, NY | $603,088,117 | $22,940,561 |
Phillip And Susan Ragon Foundation Cambridge, MA | $199,140,850 | $3,803,609 |
Goldman Sachs Foundation New York, NY | $593,971,382 | $30,787,463 |
Massmutual Foundation Inc Springfield, MA | $30,226,146 | $32,040,776 |
Oneworld Boston Inc Woburn, MA | $228,169,273 | $9,602,715 |
Zimmer Family Foundation Inc Saddle River, NJ | $0 | $24,739,608 |
Foundation For Opioid Response Efforts New York, NY | $89,893,638 | $3,314,751 |
Blackstone Charitable Foundation New York, NY | $0 | $5,317,902 |
Cullen Foundation Buffalo, NY | $104,108,484 | $4,721,956 |
Deloitte Foundation Stamford, CT | $28,983,661 | $11,171,667 |