Martin Fillmore Clark Sr Family Foundation Inc
- Assets
- $2.3m
- Revenue
- $73.9k
- Investments
- $1.3m
- Employees
- 0
- Location
- Stuart, VA
- Founding
- 03/2011
- Data as of
- 12/2021
- EIN
- 27-0499615
Organization Overview
Martin Fillmore Clark Sr Family Foundation Inc is located in Stuart, VA. The organization was established in 2011. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Martin Fillmore Clark Sr Family Foundation Inc 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 12/2021, Martin Fillmore Clark Sr Family Foundation Inc generated $73.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $129.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Martin Fillmore Clark Sr Family Foundation Inc has awarded 24 individual grants totaling $944,170. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PATRICK COUNTY, VA HIGH SCHOOL ATHLETIC PROGRAMS
FERRUM COLLEGE - FUND FOR TUITION
PATRICK COUNTY VA - FUNDS FOR SPAYING/NEUTERING
RADFORD UNIVERSITY - FUNDS FOR TUITION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edwin Gendron Jr Director | 10 | $5,000 | |
Martin F Clark President | 15 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23,284 |
| Dividends & Interest | $38,374 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,219 |
| Capital Gain Net Income | $12,219 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $73,877 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $20,544 |
| Interest | $0 |
| Taxes | $98 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $40,417 |
| Contributions, gifts, grants paid | $88,593 |
| Total expenses and disbursements | $129,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,600 |
| Savings and temporary cash investments | $776,808 |
| 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 | $148,799 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $14,500 |
| Investments—mortgage loans | $0 |
| Investments—other | $251,926 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,298,296 |
| 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, Martin Fillmore Clark Sr Family Foundation Inc has awarded $88,593 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS OTHER LOCAL CHARITIES AND INDIVIDUALS PURPOSE: FUNDS PROVIDED TO ASSIST WITH COVID RELIEF, SPAY/NUETER PROGRAMS, COLLEGE TUITION, MEDICAL EXPENSES AND OTHER MISCELLANEOUS ITEMS | $47,273 |
PATRICK COUNTY HIGH SCHOOL - VARIOUS PROGRAMS PURPOSE: TO PROVIDE FUNDS FOR HIGH SCHOOL'S BASKETBALL, BASEBALL, AND FOOTBALL PROGRAMS. ALSO PROVIDED FUNDS FOR THE HIGH SCHOOL'S PROM AND FISHING TEAMS PROGRAMS. | $26,050 |
Ferrum, VA PURPOSE: PROVIDED FUNDS TO ASSIST LOCAL YOUTH WITH COLLEGE EXPENSES | $10,270 |
Stuart, VA PURPOSE: PROVIDED FUNDS FOR STAFF CHRISTMAS BONUSES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
Thurgood Marshall College Fund Inc Washington, DC | $121,810,471 | $98,266,975 |
Educational Foundation Inc Chapel Hill, NC | $193,854,804 | $63,834,996 |
Nc Student Aid Association Inc Raleigh, NC | $102,296,557 | $23,877,668 |
Breakthrough Prize Foundation Washington, DC | $10,581,357 | $48,295,695 |
Virginia Student Aid Foundation Charlottesville, VA | $165,530,915 | $45,876,846 |
Foundation For Advanced Education In The Sciences Inc Bethesda, MD | $54,757,501 | $41,367,941 |
The North Carolina A&t Real Estate Foundation Inc Greensboro, NC | $169,150,909 | $33,021,773 |
Horatio Alger Association Of Distinguished Americans Inc Alexandria, VA | $58,355,936 | $27,092,429 |
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
American Association Of University Women Inc Washington, DC | $138,843,361 | $18,528,803 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |