Clark Charitable Foundation Inc
- Assets
- $491.9m
- Revenue
- $12.1m
- Investments
- $460.6m
- Employees
- 0
- Location
- Chevy Chase, MD
- Founding
- 07/1987
- Data as of
- 12/2023
- EIN
- 52-1512330
Organization Overview
Clark Charitable Foundation Inc is located in Chevy Chase, MD. The organization was established in 1987. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Clark Charitable 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 12/2023, Clark Charitable Foundation Inc generated $12.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (46.6%) each year. All expenses for the organization totaled $119.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Clark Charitable Foundation Inc has awarded 944 individual grants totaling $642,027,591. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Courtney C Pastrick Director | 2 | $0 | |
Robert J Flanagan Director | 2 | $0 | |
Joseph Del Guercio President & CEO | 35 | $508,229 | |
Ashley Williams Director Of Operatio | 40 | $300,000 | |
Natalie Grandison Director, Engineerin | 40 | $231,000 | |
Jennifer Houston Director, Events And | 40 | $231,640 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fenton Communications Inc | 12/30/23 | $541,686 |
The Webster Group Inc | 12/30/23 | $117,273 |
Cliftonlarsonallen Llp | 12/30/23 | $102,982 |
Graduate Nashville | 12/30/23 | $82,279 |
Kah Consulting Llc | 12/30/23 | $78,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,952,140 |
| Dividends & Interest | $5,565,918 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,384,406 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,133,652 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $549,321 |
| Other employee salaries and wages | $1,685,637 |
| Pension plans, employee benefits | $321,010 |
| Interest | $0 |
| Taxes | $163,451 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $629,646 |
| Printing and publications | $0 |
| Other expenses | $659,454 |
| Total operating and administrative expenses | $5,041,772 |
| Contributions, gifts, grants paid | $114,376,494 |
| Total expenses and disbursements | $119,418,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $31,065,908 |
| 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 | $200,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $101,723,399 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $491,907,174 |
| 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, Clark Charitable Foundation Inc has awarded $125,648,160 in support to 180 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIED FORCES FOUNDATION INC PURPOSE: GENERAL OPERATING SUPPORT OF VETERANS PROGRAMS | $10,000 |
ADVENT CHRISTIAN VILLAGE INC PURPOSE: GENERAL OPERATING SUPPORT OF SENIOR LIVING FACILITIES | $5,000 |
ATLANTA UNIVERSITY CENTER CONSORTIUM PURPOSE: SUPPORT FOR ENGINEERING INITIATIVES | $150,000 |
ARCHBISHOP CARROLL HIGH SCHOOL PURPOSE: SUPPORT THE CONSTRUCTION OF A NEW SCHOOL ENGINEERING LAB | $350,000 |
AMERICAN CANCER SOCIETY INC PURPOSE: GENERAL OPERATING SUPPORT OF HEALTH PROGRAMS | $5,000 |
AUSTIN COMMUNITY FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT OF THE SHAKESPEARE AT WINEDALE PROGRAM | $10,000 |