Armstrong-Clark Foundation
- Assets
- $1.6m
- Revenue
- $145.5k
- Investments
- $1.5m
- Employees
- 0
- Location
- Roswell, NM
- Founding
- 01/2005
- Data as of
- 12/2021
- EIN
- 68-0554826
Organization Overview
Armstrong-Clark Foundation is located in Roswell, NM. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Armstrong-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, Armstrong-Clark Foundation generated $145.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $64.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Armstrong-Clark Foundation has awarded 78 individual grants totaling $588,931. 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 |
|---|---|---|---|
Shirley Childress Director | 0 | $1,000 | |
Kyle A Armstrong Director | 0 | $0 | |
Yasine Armstrong Vp/director | 0 | $0 | |
Robert G Armstrong Treas/direct | 0 | $0 | |
Sara Clark Armstrong Pres/directo | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $146 |
| Dividends & Interest | $54,679 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $68,293 |
| Capital Gain Net Income | $14,349 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21,420 |
| Total Revenue | $145,538 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,084 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,184 |
| Total operating and administrative expenses | $10,292 |
| Contributions, gifts, grants paid | $54,500 |
| Total expenses and disbursements | $64,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $35,458 |
| 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 | $80,176 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,552,194 |
| 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, Armstrong-Clark Foundation has awarded $54,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
THE FIRST TEE PURPOSE: 2021 DONATION | $17,500 |
UNITED WAY OF CHAVES COUNTY PURPOSE: 2021 DONATION | $15,000 |
Roswell, NM PURPOSE: 2021 DONATION | $10,000 |
BOYS GIRLS CLUB PURPOSE: 2021 DONATION | $5,000 |
BIG BROTHERSBIG SISTERS PURPOSE: 2021 DONATION | $4,500 |
KIDS ORGANIZATION PURPOSE: 2021 DONATION | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jane P And Wiley L Mossy Jr Foundation Houston, TX | $339,084 | $6,855,893 |
Moreno Family Foundation Phoenix, AZ | $117,327,204 | $12,846,787 |
Gene And Jerry Jones Family-Dallas Cowboys Charities Frisco, TX | $3,095,461 | $7,273,707 |
The Dixie And Anne Leavitt Foundation Cedar City, UT | $52,405,557 | $11,398,374 |
Py Foundation Artesia, NM | $56,655,367 | $3,921,217 |
The Cielo Foundation Boulder, CO | $91,518,762 | $7,665,188 |
Merle Chambers Fund Denver, CO | $66,462,880 | $7,349,081 |
Gods Light In The Darkness Foundation Carlbad, NM | $31,530,012 | $790,978 |
Scott W And Betsy D Thornton Family Foundation Park City, UT | $4,627,448 | $2,183,609 |
Mary E Bivins Trust Amarillo, TX | $23,577,867 | $7,091,283 |
Norman H Read 1985 Trust Amarillo, TX | $61,022,769 | $8,703,971 |
East Texas Medical Center Regional Healthcare System Tyler, TX | $164,248,819 | $57,646,365 |