Clifford Foundation
- Assets
- $4.6m
- Revenue
- $169.5k
- Investments
- $4.4m
- Employees
- 0
- Location
- Corsicana, TX
- Founding
- 11/1993
- Data as of
- 12/2022
- EIN
- 75-2506394
Organization Overview
Clifford Foundation is located in Corsicana, TX. 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. Clifford 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 12/2022, Clifford Foundation generated $169.5k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $279.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Clifford Foundation has awarded 424 individual grants totaling $1,853,614. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
48 SCHOLARSHIPS WERE AWARDED/RENEWED ON BEHALF OF INDIVIDUALS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clifford L Brown III President | 2 | $0 | |
Larry Morrison Vice Pres | 1 | $0 | |
William S Maupin Sec/treas | 1 | $0 | |
Carla Dyess Schol Comm | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $186,908 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$17,402 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $169,506 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,442 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,846 |
| Total operating and administrative expenses | $24,538 |
| Contributions, gifts, grants paid | $254,523 |
| Total expenses and disbursements | $279,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $201,518 |
| 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 | $2,480 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $1,190,198 |
| Investments—other | $649,582 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,593,038 |
| 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 | $36,157 |
| Total liabilities | $36,157 |
Grants Awarded
Over the last fiscal year, Clifford Foundation has awarded $640,523 in support to 124 organizations.
| Grant Recipient | Amount |
|---|---|
KORRI OWEN PURPOSE: TUITION AND BOOKS | $10,087 |
KORRI OWEN PURPOSE: ROOM AND BOARD | $246 |
JOSEPH VAZQUEZ PURPOSE: TUITION AND BOOKS | $874 |
JOSEPH VAZQUEZ PURPOSE: ROOM AND BOARD | $10,684 |
ROBERT GRIMES PURPOSE: TUITION AND BOOKS | $12,187 |
ROBERT GRIMES PURPOSE: ROOM AND BOARD | $7,628 |