Gladys And Franklin Clark Foundation
- Assets
- $5.9m
- Revenue
- $642.5k
- Investments
- $5.7m
- Employees
- 0
- Location
- Williamsburg, VA
- Founding
- 01/1993
- Data as of
- 12/2021
- EIN
- 54-1640751
Organization Overview
Gladys And Franklin Clark Foundation is located in Williamsburg, VA. 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. Gladys And Franklin Clark 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 12/2021, Gladys And Franklin Clark Foundation generated $642.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.0% each year . All expenses for the organization totaled $313.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Gladys And Franklin Clark Foundation has awarded 49 individual grants totaling $2,547,536. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GLADYS AND FRANKLIN CLARK FOUNDATION MAKES GRANTS TO QUALIFYING CHARITABLE ORGANIZATIONS AND DOES NOT CARRY ON CHARITABLE ACTIVITIES DIRECTLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gilbert A Bartlett President/director | 3.75 | $18,000 | |
Joseph W Montgomery Treasurer/director | 3.75 | $18,000 | |
L Alvin Garrison Secretary/director | 3.75 | $18,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $215,115 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $424,912 |
| Capital Gain Net Income | $424,912 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,463 |
| Total Revenue | $642,490 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $54,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,790 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,601 |
| Total operating and administrative expenses | $157,009 |
| Contributions, gifts, grants paid | $156,170 |
| Total expenses and disbursements | $313,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $181,112 |
| 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 | $1,438,503 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,857,128 |
| 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, Gladys And Franklin Clark Foundation has awarded $250,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
COLONIAL WILLIAMSBURG FOUNDATION PURPOSE: ENCOURAGES AUDIENCES TO LEARN FROM THE PAST THROUGH PRESERVATION OF 18TH-CENTURY WILLIAMSBURG | $50,000 |
CHILD DEVELOPMENT RESOURCES PURPOSE: INSPIRE AND EMPOWER CHILDREN, FAMILIES AND EARLY CHILDHOOD PROFESSIONALS TO REACH THEIR FULL POTENTIAL | $100,000 |
COLONIAL WILLIAMSBURG FOUNDATION PURPOSE: ENCOURAGES AUDIENCES TO LEARN FROM THE PAST THROUGH PRESERVATION OF 18TH-CENTURY WILLIAMSBURG | $100,000 |