Martin Fillmore Clark Sr Family Foundation Inc
- Assets
- $2.2m
- Revenue
- $76.9k
- Investments
- $1.9m
- Employees
- 0
- Location
- Stuart, VA
- Founding
- 03/2011
- Data as of
- 12/2022
- 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 12/2022, Martin Fillmore Clark Sr Family Foundation Inc generated $76.9k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $142.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (31.7%) per year over the past 4 years. 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 21 individual grants totaling $907,924. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDIVIDUALS - CHRISTMAS BONUSES FOR PRINCIPALS AND CUSTODIANS
PATRICK COUNTY - FUNDS FOR SPAYING AND NEUTERING
PATRICK COUNTY - FUNDS FOR MEDICAL EXPENSES
PATRICK COUNTY - CHAMBER OF COMMERCE FOR CHRISTMAS BONUSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin F Clark President | 15 | $10,000 | |
Edwin Gendron Jr Director | 10 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $20,594 |
| Dividends & Interest | $39,840 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,478 |
| Capital Gain Net Income | $16,478 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $76,912 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $20,544 |
| Interest | $0 |
| Taxes | $551 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $167 |
| Total operating and administrative expenses | $47,912 |
| Contributions, gifts, grants paid | $94,408 |
| Total expenses and disbursements | $142,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,088 |
| Savings and temporary cash investments | $147,729 |
| 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 | $145,255 |
| 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 | $257,773 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,230,938 |
| 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 $94,408 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
INDIVIDUALS - CHRISTMAS BONUSES FOR PRINCIPALS AND CUSTODIANS PURPOSE: PROVIDED FUNDS TO INDIVIDUALS - CHRISTMAS BONUSES FOR PRINCIPALS AND CUSTODIANS | $32,000 |
PATRICK COUNTY - FUNDS FOR SPAYINGNEUTERING PURPOSE: PROVIDED FUNDS FOR SPAYING AND NEUTERING | $12,600 |
PATRICK COUNTY - INDIVIDUALS FOR MEDICAL EXPENSES PURPOSE: TO PROVIDE FUNDS FOR MEDICAL EXPENSES FOR INDIVIDUALS | $10,000 |
VARIOUS OTHER LOCAL CHARITIES AND INDIVIDUALS PURPOSE: FUNDS PROVIDED TO ASSIST WITH ATHLETIC PROGRAMS, BONUSES, UKRAINE FUNDS, TUITION, AND OTHER MISCELLANEOUS ITEMS | $39,808 |