H G Clay Foundation
- Assets
- $12.3m
- Revenue
- $701.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Spanish Forst, AL
- Founding
- Data as of
- 12/2023
- EIN
- 85-6232143
Organization Overview
H G Clay Foundation is located in Spanish Forst, 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 12/2023, H G Clay Foundation generated $701.9k 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 (4.2%) each year. All expenses for the organization totaled $829.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, H G Clay Foundation has awarded 86 individual grants totaling $1,717,100. 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
2023
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terri Lynn Thompson Trustee | OfficerTrustee | 5 | $0 |
Joshua Thompson CFO And Trustee | OfficerTrustee | 40 | $87,133 |
Charles Daniel Thompson Executive Director | OfficerTrustee | 40 | $87,495 |
Jacob Hansen Board Member | Trustee | 1 | $0 |
Mike Ledet Board Member | Trustee | 1 | $0 |
Maurice Horsey 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 | $676 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $676 |
| Total Program Service Revenue | $0 |
| Investment income | $38,773 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $662,474 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $701,923 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $528,000 |
| 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. | $169,135 |
| Compensation of current officers, directors, key employees. | $87,495 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $13,734 |
| Other employee benefits | $41,949 |
| Payroll taxes | $13,359 |
| 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 | $447 |
| Office expenses | $4,972 |
| Information technology | $4,560 |
| Royalties | $0 |
| Occupancy | $26,916 |
| Travel | $4,177 |
| 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 | $4,306 |
| All other expenses | $0 |
| Total functional expenses | $829,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,746,395 |
| 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 | $10,315,414 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $196,812 |
| Total assets | $12,258,621 |
| 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 | $12,258,621 |
| Total liabilities and net assets/fund balances | $12,258,621 |
Grants Awarded
Over the last fiscal year, H G Clay Foundation has awarded $449,500 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
DWELL MOBILE PURPOSE: TO ASSIST DWELL MOBILE IN PROVIDING RESETTLED REFUGEE FAMILIES PRACTICAL SUPPORT IN THEIR NEW LIVES. | $21,000 |
NORTHWEST UNIVERSITY PURPOSE: TUITION ASSISTANCE FOR FEMALE AND/OR HISPANIC STUDENTS IN THEIR JUNIOR YEAR, NAMED AFTER DR. JESSE MIRANDA, A SIGNIFICANT HISPANIC LEADER, ASSEMBLIES OF GOD MINISTER, AND PROMOTER OF EDUCATION. | $25,000 |
SOUTH BALDWIN LITERACY COUNCIL PURPOSE: TO ASSIST SBLC IN PROVIDING EDUCATIONAL SERVICES AND PROGRAMS FOR THE UNDERPRIVILEGED IN THE COMMUNITY. | $40,000 |
RUFF WILSON YOUTH CENTER PURPOSE: TO ASSIST THE RUFF WILSON YOUTH CENTER IN CHILD DEVELOPMENT, EDUCATION, AND CHARACTER BUILDING. | $14,000 |
VICTORY HEALTH PARTNERS PURPOSE: TO ASSIST VICTORY HEALTH PARTNERS PROVIDE FAITH-BASED HEALTHCARE FOR UNINSURED ADULTS. | $10,000 |
SEEDS - DAPHNE'S EDUCATION FOUNDATION PURPOSE: TO HELP SEEDS FUND IMPROVEMENTS TO FURTHER THE EDUCATION OF THEIR STUDENTS. | $25,000 |