Clemons Family Foundation
- Assets
- $3.6m
- Revenue
- $156.5k
- Investments
- $731.3k
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- Data as of
- 12/2022
- EIN
- 84-4116363
Organization Overview
Clemons Family Foundation is located in Newport Beach, CA. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clemons Family 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, Clemons Family Foundation generated $156.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (11.2%) each year.
Since 2021, Clemons Family Foundation has awarded 11 individual grants totaling $313,337. 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 |
|---|---|---|---|
V Gordon Clemons III Aka Jr CEO | 0 | $0 | |
Anne Marie Thomas Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $628 |
| Dividends & Interest | $35,609 |
| Net Rental Income | $65,983 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $156,510 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $47,965 |
| Depreciation | $9,842 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $44,677 |
| Total operating and administrative expenses | $112,436 |
| Contributions, gifts, grants paid | $175,477 |
| Total expenses and disbursements | $287,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $202,743 |
| 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 | $692,609 |
| Net Land, buildings, and equipment | $2,697,426 |
| Other assets | $0 |
| Total assets | $3,631,484 |
| 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 | $10,250 |
| Total liabilities | $10,250 |
Grants Awarded
Over the last fiscal year, Clemons Family Foundation has awarded $175,477 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
HOAG HOSPITAL FOUNDATION PURPOSE: TO PROVIDE EXCEPTIONAL AND INNOVATIVE HEALTH CARE TO OUR COMMUNITY AND BEYOND. | $97,477 |
SANTA MARGARITA EAGLE FOUNDATION PURPOSE: TO ASSIST SANTA MARGARITA CATHOLIC HIGH SCHOOL IN ACHIEVING ITS OVERALL MISSION AND STRATEGIC GOALS. | $12,500 |
COURT APPOINTED SPECIAL ADVOCATES O PURPOSE: HELP CHILDREN UNDER THE JURISDICTION OF THE JUVENILE COURT THRIVE. | $23,000 |
MARINER'S ELEMENTARY SCHOOL FOUNDAT PURPOSE: TO PROVIDE FUNDING FOR PERSONNEL SUPPORT, SCHOOL PROGRAMS AND ACTIVITIES. | $10,000 |
RAD CAMP PURPOSE: TO EMPOWER PEOPLE, REGARDLESS OF DIABILITY, DIAGNOSIS OR DESCRIPTION. | $10,000 |
FREEDOM ALLIANCE PURPOSE: TO HONOR AND SUPPORT AMERICA'S MILITY AND MEET THE REHABILITATION NEEDS OF WOUNDED SERVICE MEMBERS, COMBAT VETERANS AND MILITARY FAMILIES. | $2,500 |