Eugene M Clary Foundation Inc
- Assets
- $6.2m
- Revenue
- -$563.1k
- Investments
- $805.8k
- Employees
- 0
- Location
- Marietta, GA
- Founding
- 03/1998
- Data as of
- 12/2022
- EIN
- 58-2310406
Organization Overview
Eugene M Clary Foundation Inc is located in Marietta, GA. The organization was established in 1998. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eugene M Clary 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.
Since 2014, Eugene M Clary Foundation Inc has awarded 267 individual grants totaling $2,550,071. 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 |
|---|---|---|---|
Kenneth B Clary CEO & Trustee | 10 | $260,000 | |
Mary S Teague Sec/treasurer | 10 | $7,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $61,009 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$661,547 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $37,482 |
| Total Revenue | -$563,056 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $267,250 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,029 |
| Total operating and administrative expenses | $327,614 |
| Contributions, gifts, grants paid | $219,580 |
| Total expenses and disbursements | $547,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,350,977 |
| 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 | $104,245 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,156,729 |
| 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, Eugene M Clary Foundation Inc has awarded $219,580 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
AMBASSADORS FOR CHRIST PURPOSE: CHARITABLE | $3,000 |
AMERICAN CANCER SOCIETY PURPOSE: CHARITABLE | $25,000 |
BIBLE BROADCAST NETWORK PURPOSE: CHARITABLE | $3,000 |
CHURCH OF THE OPEN DOOR PURPOSE: CHARITABLE | $4,000 |
CAMP GRACE PURPOSE: CHARITABLE | $11,230 |
EASTWOOD BAPTIST CHURCH PURPOSE: CHARITABLE | $2,000 |