Carolyn Lake Claremont Foundation
- Assets
- $5.4m
- Revenue
- $1.4m
- Investments
- $5.3m
- Employees
- 0
- Location
- San Diego, CA
- Founding
- Data as of
- 12/2023
- EIN
- 88-1361179
Organization Overview
Carolyn Lake Claremont Foundation is located in San Diego, CA. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carolyn Lake Claremont 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, Carolyn Lake Claremont Foundation generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (52.5%) each year. All expenses for the organization totaled $610.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
A STOCK TRANSFER OF $231,169 WAS MADE TO SCRIPPS COLLEGE TO GO TOWARDS A $250,000 "INSCRIPTION WALK" NAME. AN ADDITIONAL AMOUNT WILL BE DONATED IN 2024 TO HAVE THE "INSCRIPTION WALK" NAMED AFTER CAROLYN LAKE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Strong President | 18 | $193,100 | |
Ronald Hill Secretary | 12 | $45,600 | |
Mark Tichenor CFO | 12 | $45,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $987,849 |
| Interest on Savings | $3,772 |
| Dividends & Interest | $190,029 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $184,333 |
| Capital Gain Net Income | $184,333 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,365,983 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $284,300 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $12,978 |
| Interest | $0 |
| Taxes | $16,824 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $970 |
| Printing and publications | $0 |
| Other expenses | $34,226 |
| Total operating and administrative expenses | $379,656 |
| Contributions, gifts, grants paid | $231,169 |
| Total expenses and disbursements | $610,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,115 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,358,635 |
| 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 |