Clerico Family Education Foundation
- Assets
- $2.4m
- Revenue
- $829.7k
- Investments
- $2.3m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 10/2011
- Data as of
- 12/2022
- EIN
- 27-5301989
Organization Overview
Clerico Family Education Foundation is located in Tulsa, OK. The organization was established in 2011. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Clerico Family Education 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 12/2022, Clerico Family Education Foundation generated $829.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 70.6% each year . All expenses for the organization totaled $509.4k during the year ending 12/2022. While expenses have increased by 18.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC SCHOLARSHIPS TO OKLAHOMA STATE UNIVERSITY, STILLWATER, OKLAHOMA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane C Deakin President | 10 | $64,000 | |
John A Clerico Director | 4 | $0 | |
Mark S Smith Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $45,612 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $784,116 |
| Capital Gain Net Income | $784,116 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $829,728 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $64,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,423 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,707 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $124,373 |
| Contributions, gifts, grants paid | $385,064 |
| Total expenses and disbursements | $509,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $166,539 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,432,897 |
| 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, Clerico Family Education Foundation has awarded $385,064 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
OKLAHOMA STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $128,791 |
OKLAHOMA STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $122,178 |
OKLAHOMA STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $134,095 |