Clough Family Foundation
- Assets
- $4.8m
- Revenue
- $198.7k
- Investments
- $4.7m
- Employees
- 0
- Location
- Rifle, CO
- Founding
- 11/2009
- Data as of
- 12/2023
- EIN
- 26-4098267
Organization Overview
Clough Family Foundation is located in Rifle, CO. The organization was established in 2009. 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. Clough Family 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 12/2023, Clough Family Foundation generated $198.7k 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 (7.4%) each year. All expenses for the organization totaled $235.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Clough Family Foundation has awarded 168 individual grants totaling $1,088,000. 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 |
|---|---|---|---|
Kayden Anderson President | 2 | $0 | |
S Stormy Anderson Sec/treasurer | 2 | $0 | |
Sharon Bistline Director | 1 | $0 | |
Danny Snyder Director | 1 | $0 | |
Shelby Snyder Director | 1 | $0 | |
Maranda Anderson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $41,621 |
| Dividends & Interest | $117,169 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,222 |
| Capital Gain Net Income | $30,222 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,725 |
| Total Revenue | $198,737 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,035 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,035 |
| Contributions, gifts, grants paid | $232,000 |
| Total expenses and disbursements | $235,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,816 |
| Savings and temporary cash investments | $58,917 |
| 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 | $6,430 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,048,918 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,764,016 |
| 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, Clough Family Foundation has awarded $232,000 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
HEAVENLY BLESSINGS MINISTRY PURPOSE: SUPPORT FOR CAPITAL PROJECTS | $5,000 |
LITERACY OUTREACH PURPOSE: SUPPORT FOR GENERAL PROGRAMS | $5,000 |
IHMC FLORIDA INSTITUTE FOR HUMAN & MACHINE COGNITION PURPOSE: SUPPORT FOR MULTI-MEDIA LAB | $10,000 |
LIFT UP PURPOSE: SUPPORT FOR GENERAL PROGRAMS | $6,000 |
COLORADO MOUNTAIN COLLEGE FOUNDATION PURPOSE: SUPPORT FOR RHS AUTOMOTIVE PROGRAM | $5,000 |
SARAH'S HOME PURPOSE: SUPPORT FOR RESCUED CHILDREN | $5,000 |