Clark Scholarship Fund
- Assets
- $1.8m
- Revenue
- $175.8k
- Investments
- $1.8m
- Employees
- 0
- Location
- Billings, MT
- Founding
- 12/1994
- Data as of
- 09/2022
- EIN
- 84-6270490
Organization Overview
Clark Scholarship Fund is located in Billings, MT. The organization was established in 1994. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clark Scholarship Fund 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 09/2022, Clark Scholarship Fund generated $175.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $126.3k during the year ending 09/2022. While expenses have increased by 3.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Clark Scholarship Fund has awarded 142 individual grants totaling $710,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND PAYS THE APPROXIMATE AMOUNT OF ITS NET INCOME AS SCHOLARSHIPS TO GRADUATES OF LONGMONT HIGH SCHOOL, LONGMONT, COLORADO. SCHOLARSHIPS WERE GIVEN TO 20 STUDENTS IN JULY 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Great Western Bank Former Trustee | 2 | $15,774 | |
First Interstate Bank Trustee | 2 | $4,621 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $186 |
| Dividends & Interest | $62,839 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $112,818 |
| Capital Gain Net Income | $112,818 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $175,843 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,395 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,852 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $26,297 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $126,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $62,660 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,815,448 |
| 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, Clark Scholarship Fund has awarded $100,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
ALLISON PURPOSE: TUITION, FEES, BOOKS & SUPPLIES PAID TO THE COLLEGE | $5,000 |
KEZRA KROEGER PURPOSE: TUITION, FEES, BOOKS & SUPPLIES PAID TO THE COLLEGE | $5,000 |
ANGELA MENDIVIL PURPOSE: TUITION, FEES, BOOKS & SUPPLIES PAID TO THE COLLEGE | $5,000 |
SELENA CORDOVA PURPOSE: TUITION, FEES, BOOKS & SUPPLIES PAID TO THE COLLEGE | $5,000 |
MATTHEW SANCHEZ PURPOSE: TUITION, FEES, BOOKS & SUPPLIES PAID TO THE COLLEGE | $5,000 |
SAJAN MALLA PURPOSE: TUITION, FEES, BOOKS & SUPPLIES PAID TO THE COLLEGE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montana Higher Education Student Assistance Corporation Helena, MT | $454,297,151 | $15,047,614 |
Waitt Foundation North Sioux City, SD | $157,175,219 | $6,009,824 |
Team Makers Club Inc Fargo, ND | $24,927,572 | $16,460,437 |
Western States Learning Corporation Cheyenne, WY | $7,278,085 | $6,097,150 |
J R Simplot Company Foundation Inc Boise, ID | $71,703,701 | $5,686,010 |
Idaho Association For The Education Of Young Children Boise, ID | $1,636,700 | $5,141,669 |
Central States Fair Rapid City, SD | $6,354,015 | $4,358,357 |
Valley Senior Living Grand Forks, ND | $804,854 | $3,496,436 |
C H Robinson Worldwide Foundation Sioux Falls, SD | $19,568,040 | $4,443,280 |
Ndscs Foundation Wahpeton, ND | $50,662,223 | $6,003,050 |
South Dakota Partners In Education Sioux Falls, SD | $284,473 | $2,000,094 |
Lake Area Technical College Foundation Watertown, SD | $28,796,845 | $15,847,172 |