Clark Foundation Inc
- Assets
- $1.1m
- Revenue
- $45.9k
- Investments
- $1.1m
- Employees
- 0
- Location
- High Point, NC
- Founding
- 01/2001
- Data as of
- 12/2022
- EIN
- 56-2223653
Organization Overview
Clark Foundation Inc is located in High Point, NC. The organization was established in 2001. 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. Clark 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 12/2022, Clark Foundation Inc generated $45.9k 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 (6.3%) each year. All expenses for the organization totaled $91.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Clark Foundation Inc has awarded 115 individual grants totaling $411,699. 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 |
|---|---|---|---|
Keith Clark President | 0 | $2,500 | |
Mark Clark V President | 0 | $2,500 | |
Susan Clark Sec/tres | 0 | $2,500 | |
Matthew Clark Director | 0 | $2,500 | |
Katherine Patterson Director | 0 | $2,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,626 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,252 |
| Capital Gain Net Income | $22,866 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $45,878 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $319 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,105 |
| Total operating and administrative expenses | $24,124 |
| Contributions, gifts, grants paid | $67,500 |
| Total expenses and disbursements | $91,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21 |
| 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 | $881 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $123,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,121,023 |
| 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 Foundation Inc has awarded $67,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CHILDREN'S HOME PURPOSE: OPERATIONS | $4,000 |
ARCHDALETRINITY SERCO CLUB PURPOSE: CHRISTMAS CHEER FUND | $2,000 |
HIS LABORING FEW MINISTRIES PURPOSE: OPERATIONS | $2,500 |
WEST END MINISTRIES PURPOSE: OPERATIONS | $2,500 |
WESLEY MEMORIAL UNITED METHODIST CH PURPOSE: SUPPORT | $20,500 |
COMMUNITY CLINIC OF HIGH POINT PURPOSE: OPERATIONS | $5,000 |