Martin A Clancy And Clarisse Clancy Foundation
- Assets
- $1.8m
- Revenue
- $18.7k
- Investments
- $1.7m
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 11/1993
- Data as of
- 12/2023
- EIN
- 33-0568464
Organization Overview
Martin A Clancy And Clarisse Clancy Foundation is located in Long Beach, CA. The organization was established in 1993. 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. Martin A Clancy And Clarisse Clancy 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, Martin A Clancy And Clarisse Clancy Foundation generated $18.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $106.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Martin A Clancy And Clarisse Clancy Foundation has awarded 86 individual grants totaling $495,250. 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 |
|---|---|---|---|
Joyce Murchison President | 0 | $0 | |
George Murchison Treasurer | 0 | $30,000 | |
Michael Murchison Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $52,557 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$33,898 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,662 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,387 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $80 |
| Total operating and administrative expenses | $46,864 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $106,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,649 |
| Savings and temporary cash investments | $92,099 |
| 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 | $1,700,143 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,822,891 |
| 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 A Clancy And Clarisse Clancy Foundation has awarded $60,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ST MARY MEDICAL CENTER FDN PURPOSE: GENERAL OPERATING | $5,000 |
FISHER HOUSE PURPOSE: GENERAL OPERATING | $5,000 |
SUCCESS IN CHALLENGES PURPOSE: GENERAL OPERATING | $2,500 |
JORDAN HIGH SCHOOL PURPOSE: GENERAL OPERATING | $5,000 |
HUMAN I-T PURPOSE: GENERAL OPERATIONS | $40,000 |
PATHWAYS TO INDEPENDENCE PURPOSE: GENERAL OPERATING | $2,500 |