Clay Lacy Foundation
- Assets
- $2.5m
- Revenue
- $138.3k
- Investments
- $2.2m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 03/2000
- Data as of
- 12/2023
- EIN
- 91-1942515
Organization Overview
Clay Lacy Foundation is located in Los Angeles, CA. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Clay Lacy 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, Clay Lacy Foundation generated $138.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (45.2%) each year. All expenses for the organization totaled $478.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Clay Lacy Foundation has awarded 82 individual grants totaling $4,502,684. 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 |
|---|---|---|---|
Clay Lacy Director, President & VP | 0.25 | $0 | |
Scott Patterson Director & Treasurer | 0 | $0 | |
Bruce Mccaw Director | 0 | $0 | |
Robert Mucklestone Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $27,788 |
| Dividends & Interest | $21,449 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $89,025 |
| Capital Gain Net Income | $89,025 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $138,262 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,981 |
| Total operating and administrative expenses | $25,981 |
| Contributions, gifts, grants paid | $452,330 |
| Total expenses and disbursements | $478,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,019 |
| 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 | $2,190,843 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $107,911 |
| Total assets | $2,500,773 |
| 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, Clay Lacy Foundation has awarded $452,330 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
AMC PURPOSE: SUPPORT FOR ORGANIZATION | $50,000 |
AVIATION YOUTH MENTERING PROGRM PURPOSE: SUPPORT FOR ORGANIZATION | $120,000 |
CATALINA ISLAND CONSERVANCY PURPOSE: SUPPORT FOR ORGANIZATION | $10,000 |
ANGEL FLIGHT WEST PURPOSE: SUPPORT FOR ORGANIZATION | $26,000 |
CHRISTIAN CHARTER PURPOSE: SUPPORT FOR ORGANIZATION | $5,000 |
CLASSIC LEAR JET FOUNDATION PURPOSE: SUPPORT FOR ORGANIZATION | $25,000 |