H G Clay Foundation
- Assets
- $12.4m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Daphne, AL
- Founding
- Data as of
- 12/2022
- EIN
- 85-6232143
Organization Overview
H G Clay Foundation is located in Daphne, AL. According to its NTEE Classification (T30) the organization is classified as: Public 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. H G Clay 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, H G Clay Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $880.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, H G Clay Foundation has awarded 53 individual grants totaling $1,267,600. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE QUALITY OF LIFE FOR THE MARGINALIZED OF THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INVESTMENTS FROM CAPITAL CONTRIBUTIONS USED TO PAY PROGRAM EXPENSES AND CONTRIBUTE GRANTS TO OTHER CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Thompson CFO And Trustee | OfficerTrustee | 40 | $79,515 |
Charles Daniel Thompson Executive Director | OfficerTrustee | 40 | $78,833 |
Terri Lynn Thompson Trustee | OfficerTrustee | 5 | $0 |
Jacob Hansen Board Member | Trustee | 1 | $0 |
Arthur Berg Board Member | Trustee | 1 | $0 |
Mike Ledet Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $576 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $576 |
| Total Program Service Revenue | $0 |
| Investment income | $39,328 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,014,943 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,054,847 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $611,550 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $158,348 |
| Compensation of current officers, directors, key employees. | $79,515 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $11,760 |
| Other employee benefits | $26,623 |
| Payroll taxes | $12,115 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,176 |
| Office expenses | $5,114 |
| Information technology | $5,811 |
| Royalties | $0 |
| Occupancy | $30,797 |
| Travel | $6,065 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $880,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,844,292 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,345,496 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $196,728 |
| Total assets | $12,386,516 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $12,386,516 |
| Total liabilities and net assets/fund balances | $12,386,516 |
Grants Awarded
Over the last fiscal year, H G Clay Foundation has awarded $592,000 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
DWELL MOBILE PURPOSE: TO ASSIST DWELL MOBILE IN PROVIDING RESETTLED REFUGEE FAMILIES PRACTICAL SUPPORT IN THEIR NEW LIVES. | $47,000 |
TRINITY ON THE BORDER PURPOSE: TO ASSIST TRINITY ON THE BORDER MINISTER AND BRING CHRIST TO THE MARGINALIZED AND ORPHANS ALONG THE SOUTH TEXAS/MEXICO BORDER. | $45,000 |
SEEDS - DAPHNE'S EDUCATION FOUNDATION PURPOSE: TO HELP SEEDS FUND IMPROVEMENTS TO FURTHER THE EDUCATION OF THEIR STUDENTS. | $35,000 |
Robertsdale, AL PURPOSE: TO ASSIST WOMEN'S CARE MEDICAL CENTER IN PROVIDING HEALTHCARE FOR UNDERPRIVILEGED WOMEN. | $35,000 |
CITY HOPE PURPOSE: TO ASSIST CITY HOPE IN LEADING PEOPLE ACROSS TO THE GLOBE TO BECOME FULLY ALIVE IN THE TRUE HOPE OF JESUS CHRIST. | $30,000 |
CHURCH OF THE APOSTLES PURPOSE: TO HELP CHURCH OF THE APOSTLES ASSIST THE UNDERSERVED IN THEIR COMMUNITY. | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Miami Foundation Inc Miami, FL | $460,864,709 | $147,324,669 |
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Jupiter Medical Center Foundation Inc Jupiter, FL | $160,882,045 | $61,479,471 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Gary Sinise Foundation Nashville, TN | $79,715,180 | $58,070,139 |
Trustbridge Global Foundation Usa Inc Clearwater, FL | $68,735,703 | $42,627,282 |
Blue Cross And Blue Shield Of Florida Foundation Inc Jacksonville, FL | $500,668,406 | $165,069,947 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
University Of South Florida Institute Of Applied Engineering I Tampa, FL | $5,205,656 | $9,587,469 |
The Legacy Foundation At Shell Point Inc Fort Myers, FL | $5,518,203 | $5,863,574 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Schoolseed Foundation Memphis, TN | $5,107,519 | $7,793,603 |