Clements Foundation
- Assets
- $22.6m
- Revenue
- $1.7m
- Investments
- $20.5m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 04/1968
- Data as of
- 12/2023
- EIN
- 75-6065076
Organization Overview
Clements Foundation is located in Dallas, TX. The organization was established in 1968. 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. Clements 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 12/2023, Clements Foundation generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Clements Foundation has awarded 39 individual grants totaling $19,551,000. 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 |
|---|---|---|---|
Pauline S Neuhoff President | 1 | $0 | |
Nancy Clements Seay Vice President | 1 | $0 | |
Margaret Napier Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $822,378 |
| Net Rental Income | $211,800 |
| Net Gain on Sale of Assets | $184,552 |
| Capital Gain Net Income | $184,552 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,328 |
| Total Revenue | $1,661,060 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $53,515 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $73,098 |
| Depreciation | $28,904 |
| Occupancy | $56,400 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $430,175 |
| Total operating and administrative expenses | $748,459 |
| Contributions, gifts, grants paid | $1,530,000 |
| Total expenses and disbursements | $2,278,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,820 |
| Savings and temporary cash investments | $0 |
| 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 | $803,089 |
| Net Land, buildings, and equipment | $1,632,365 |
| Other assets | $157,722 |
| Total assets | $22,553,386 |
| 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 | $58,233 |
| Total liabilities | $58,233 |
Grants Awarded
Over the last fiscal year, Clements Foundation has awarded $1,530,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CLEMENTS CENTER AT UNIVERSITY OF TEXAS PURPOSE: UNRESTRICTED USE | $100,000 |
HIGHLAND PARK EDUCATION FOUNDATION PURPOSE: GENERAL FUND | $50,000 |
SOUTHERN METHODIST UNIVERSITY PURPOSE: GENERAL FUND | $500,000 |
UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: GENERAL FUND | $500,000 |
ST PHILIPS' SCHOOL AND COMMUNITY CENTER PURPOSE: GENERAL FUND | $300,000 |
SMU TATE LECTURE SERIES PURPOSE: GENERAL FUND | $75,000 |