William L Clay Shcolarship And Research Fund
- Assets
- $544.9k
- Revenue
- $31.5k
- Investments
- $224.8k
- Employees
- 0
- Location
- Saint Louis, MO
- Founding
- 09/1983
- Data as of
- 12/2022
- EIN
- 43-1288222
Organization Overview
William L Clay Shcolarship And Research Fund is located in Saint Louis, MO. The organization was established in 1983. 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. William L Clay Shcolarship And Research Fund 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, William L Clay Shcolarship And Research Fund generated $31.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.4%) each year. All expenses for the organization totaled $43.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, William L Clay Shcolarship And Research Fund has awarded 112 individual grants totaling $252,050. 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
WLCSFR AWARDED A TOTAL OF 12 TUITION SCHOLARSHIPS TO UNDER PRIVILEGED HIGH SENIORS THAT WERE ACCEPTED INTO UNIVERSITIES/COLLEGES IN 2022
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Thomas President | 0 | $0 | |
Sgt Misty Dobynes Vice President | 0 | $0 | |
Stacy Lyles Secretary | 0 | $0 | |
Michelle Clay Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $22,455 |
| Interest on Savings | $416 |
| Dividends & Interest | $8,612 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $31,483 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $155 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $1,200 |
| Other expenses | $6,021 |
| Total operating and administrative expenses | $20,567 |
| Contributions, gifts, grants paid | $23,250 |
| Total expenses and disbursements | $43,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $240,567 |
| Savings and temporary cash investments | $79,586 |
| 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 | $544,905 |
| Accounts payable and accrued expenses | $8 |
| 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 | $8 |
Grants Awarded
Over the last fiscal year, William L Clay Shcolarship And Research Fund has awarded $23,250 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ISAIAH MAYES - IL INSTITUTE OF TECH PURPOSE: SCHOLARSHIP AWARDED FOR TUITION | $2,000 |
MARSHAUN M LOVE - WA UNIV PURPOSE: SCHOLARSHIP AWARDED FOR TUITION | $1,000 |
CAMILLE RAMEY - TUSKEGEE UNIV PURPOSE: SCHOLARSHIP AWARDED FOR TUITION | $2,000 |
PHILIP LAWAL-OH ST UNIV PURPOSE: SCHOLARSHIP AWARDED FOR TUITION | $3,000 |
MYLA CROFT - SIU CARBONDALE PURPOSE: SCHOLARSHIP AWARDED FOR TUITION | $6,000 |
SHAILA JONES - ST LOUIS UNIV PURPOSE: SCHOLARSHIP AWARDED FOR TUITION | $4,000 |