Thomas D Clark Foundation Inc
- Assets
- $4.5m
- Revenue
- $158.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 11/1994
- Data as of
- 12/2021
- EIN
- 61-1259085
Organization Overview
Thomas D Clark Foundation Inc is located in Lexington, KY. The organization was established in 1994. 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. Thomas D 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 12/2021, Thomas D Clark Foundation Inc generated $158.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $257.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATIONS'S PURPOSE IS TO SUPPORT EDUCATION, ESPECIALLY THE WORK OF THE UNIVERSITY PRESS OF KENTUCKY WHOSE PUBLICATIONS INCLUDE BOOKS AND EDUCATIONAL MATERIALS ABOUT KENTUCKY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S PURPOSE IS TO SUPPORT THE EDUCATIONAL EFFORTS OF THE UNIVERSITY PRESS OF KENTUCKY BY PROVIDING FINANCIAL SUPPORT FOR THE PUBLICATION OF BOOKS AND EDUCATIONAL MATERIALS FOCUSING ON KENTUCKY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Ratterman Secretary | OfficerTrustee | 1 | $0 |
Bennie Ivory President | OfficerTrustee | 1 | $0 |
William Francis Director | Trustee | 1 | $0 |
Bill Giles Director | Trustee | 1 | $0 |
Raymond Herbert Director | Trustee | 1 | $0 |
Virginia Fox Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,109 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,109 |
| Total Program Service Revenue | $0 |
| Investment income | $73,980 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $42,478 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $158,567 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $201,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,800 |
| Fees for services: Accounting | $195 |
| Fees for services: Lobbying | $10,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,709 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,854 |
| Information technology | $110 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $257,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,345 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,442,540 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,455,885 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $4,432,360 |
| Net assets with donor restrictions | $23,525 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,455,885 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Thomas D Clark Foundation Inc has recieved totaling $17,000.
| Awarding Organization | Amount |
|---|---|
The Community Foundatio Of Louisville Depository Inc Louisville, KY PURPOSE: B EDUCATIONAL INSTITUTIONS | $17,000 |
Endowment Analysis
| Beg. Balance | $3,966,469 |
| Earnings | $659,781 |
| Admin Expense | $24,819 |
| Net Contributions | $42,109 |
| Grants | $201,000 |
| Ending Balance | $4,442,540 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Herschend Family Entertainment Corporation Beneficiary Trust Branson, MO | $4,577,294 | $15,681,690 |
Allergan Foundation North Chicago, IL | $0 | $22,638,597 |
The Global Orphan Project Inc Kansas City, MO | $12,087,754 | $16,385,536 |
W N Reynolds Residuary Tr Nect Chicago, IL | $153,008,234 | $7,259,404 |
Claude Moore Charitable Foundation Fairfax, VA | $240,670,570 | $26,185,543 |
Community Anti-Drug Coalitions Of America Alexandria, VA | $15,283,034 | $14,789,686 |
Src Benefit Programs Trust Springfield, MO | $118,089 | $9,937,850 |
Audrey E & Donald L Hutt Tr 283 Chicago, IL | $19,533,735 | $12,080,033 |
Willis And Reba Johnsons Foundation Franklin, TN | $17,058,167 | $2,077,347 |
Lawyers Trust Fund Of Illinois Chicago, IL | $23,693,587 | $13,676,265 |
William H Davis & Dorothy M Davis & William C Davis Foundation Columbus, OH | $50,622,304 | $3,999,336 |
William H Miner Foundation Chicago, IL | $135,785,081 | $12,025,973 |