Clay Foundation - East
- Assets
- $3.2m
- Revenue
- $558.7k
- Investments
- $3.2m
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 06/2007
- Data as of
- 12/2022
- EIN
- 20-0528294
Organization Overview
Clay Foundation - East is located in Raleigh, NC. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Clay Foundation - East 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, Clay Foundation - East generated $558.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $413.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Clay Foundation - East has awarded 186 individual grants totaling $3,179,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adryon Hamilton Clay President/ T | 0 | $0 | |
Marjorie Buffington Miller Vice Preside | 0 | $0 | |
Edward Ralph Barnard II Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $211 |
| Dividends & Interest | $53,180 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $505,338 |
| Capital Gain Net Income | $505,338 |
| Net ST Capital Gain | $34,086 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $558,729 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,348 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,344 |
| Contributions, gifts, grants paid | $405,000 |
| Total expenses and disbursements | $413,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | -$4,639 |
| 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 | $3,229,593 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,224,954 |
| 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 | $2,889 |
| Total liabilities | $2,889 |
Grants Awarded
Over the last fiscal year, Clay Foundation - East has awarded $405,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCES MEDICAL MINISTRY PURPOSE: CHARITY | $15,000 |
CASA PURPOSE: CHARITABLE PURPOSES | $25,000 |
FIGS PURPOSE: CHARITABLE PURPOSES | $25,000 |
FOOD BANK OF CENTRAL EASTERN NC PURPOSE: CHARITABLE PURPOSES | $30,000 |
HABITAT FOR HUMANITY PURPOSE: HOUSING | $15,000 |
INTERFAITH FOOD SHUTTLE PURPOSE: CHARITABLE PURPOSES | $50,000 |