Edward P Clark Trust
- Assets
- $7.1m
- Revenue
- $206.6k
- Investments
- $6.8m
- Employees
- 0
- Location
- Brooklyn, OH
- Founding
- 07/1994
- Data as of
- 12/2022
- EIN
- 01-6035550
Organization Overview
Edward P Clark Trust is located in Brooklyn, OH. The organization was established in 1994. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Edward P Clark Trust 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, Edward P Clark Trust generated $206.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $254.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Edward P Clark Trust has awarded 21 individual grants totaling $687,500. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $200,517 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,104 |
| Capital Gain Net Income | $6,104 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $206,621 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,601 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,048 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $66,699 |
| Contributions, gifts, grants paid | $187,500 |
| Total expenses and disbursements | $254,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $279,643 |
| 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 | $6,837,666 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,117,309 |
| 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, Edward P Clark Trust has awarded $187,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
MILES MEMORIAL HOSPITAL INC PURPOSE: ASSIST W/EDUCATION, | $28,125 |
MAINE CANCER FOUNDATION PURPOSE: EDUCATION, RESEARCH, AND | $18,750 |
MIT INVESTMENT MANAGEMENT COMPANY PURPOSE: SCHOLARSHIPS FOR QUALIFYING | $37,500 |
SECOND CONGREGATIONAL CHURCH PURPOSE: GENERAL OPERATING | $18,750 |
BENEVOLENT FDNANCIENT ACCEPT PURPOSE: SUPPORT MENTAL HEALTH | $18,750 |
BENEFICENT CONGREGATIONAL CHURCH PURPOSE: MEM OF J K CLARK-SUPPORT | $18,750 |