Al Clark Family Foundation
- Assets
- $246.2k
- Revenue
- $24.9k
- Investments
- $94.0k
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 06/2011
- Data as of
- 12/2022
- EIN
- 45-2420323
Organization Overview
Al Clark Family Foundation is located in Colorado Springs, CO. 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. AL Clark Family 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, AL Clark Family Foundation generated $24.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $42.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, AL Clark Family Foundation has awarded 17 individual grants totaling $116,540. 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 |
|---|---|---|---|
Susan D Clark President | 1 | $0 | |
Alexander C Clark Vice President | 1 | $0 | |
Alvin W Clark Secretary/treasurer VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $31,000 |
| Interest on Savings | $110 |
| Dividends & Interest | $951 |
| 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 | -$7,190 |
| Total Revenue | $24,871 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,208 |
| Contributions, gifts, grants paid | $41,100 |
| Total expenses and disbursements | $42,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,417 |
| Savings and temporary cash investments | $0 |
| 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 | $1,411 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $94,048 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $85,276 |
| Total assets | $246,152 |
| 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, Al Clark Family Foundation has awarded $41,100 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
THE OTHER SIDE ACADEMY PURPOSE: GENERAL CHARITABLE | $4,000 |
CHEYENNE MOUNTAIN PRESBYTERIAN CHURCH PURPOSE: GENERAL CHARITABLE | $31,000 |
CHRIST CHURCH SANTA FE PCA PURPOSE: GENERAL CHARITABLE | $5,000 |
LUTHERAN FAMILY SERVICES PURPOSE: GENERAL CHARITABLE | $1,000 |
WORD OF LIFE PURPOSE: GENERAL CHARITABLE | $100 |