Robert Sterling Clark Foundation Inc
- Assets
- $69.8m
- Revenue
- $3.5m
- Investments
- $69.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1955
- Data as of
- 12/2023
- EIN
- 13-1957792
Organization Overview
Robert Sterling Clark Foundation Inc is located in New York, NY. The organization was established in 1955. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Robert Sterling Clark Foundation Inc 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, Robert Sterling Clark Foundation Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $6.3m during the year ending 12/2023. While expenses have increased by 3.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Robert Sterling Clark Foundation Inc has awarded 620 individual grants totaling $25,078,493. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
NETLAB IS A LEARNING COMMUNITY OF INDIVIDUALS AND ORGANIZATIONS THAT ARE EXPLORING NETWORKS AS A MODEL FOR ENGAGING IN SOCIAL AND SYSTEMS-LEVEL CHANGE WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Allen Smith Chairman | 1 | $0 | |
Julie C Muraco Treasurer | 1 | $0 | |
Paul R Dolan Secretary | 1 | $0 | |
Gregg Bishop Trustee | 1 | $0 | |
Andrew Rich Trustee | 1 | $0 | |
Maja D Hazell Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prime Buchholz & Associates Inc | 12/30/23 | $106,006 |
Janice Yoojin Y Lee | 12/30/23 | $86,429 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15,727 |
| Dividends & Interest | $1,380,012 |
| Net Rental Income | $74,759 |
| Net Gain on Sale of Assets | $1,582,712 |
| Capital Gain Net Income | $1,854,472 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $493,372 |
| Total Revenue | $3,546,582 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $556,563 |
| Other employee salaries and wages | $390,438 |
| Pension plans, employee benefits | $420,918 |
| Interest | $0 |
| Taxes | $25,277 |
| Depreciation | $34,347 |
| Occupancy | $132,844 |
| Travel, conferences, and meetings | $25,554 |
| Printing and publications | $0 |
| Other expenses | $817,556 |
| Total operating and administrative expenses | $2,911,128 |
| Contributions, gifts, grants paid | $3,401,975 |
| Total expenses and disbursements | $6,313,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $96,671 |
| 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 | $69,384,890 |
| Net Land, buildings, and equipment | $312,690 |
| Other assets | $0 |
| Total assets | $69,794,251 |
| 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, Robert Sterling Clark Foundation Inc has awarded $5,251,975 in support to 123 organizations.
| Grant Recipient | Amount |
|---|---|
ADVOCACY INSTITUTE (TIDES CENTER) PURPOSE: GENERAL SUPPORT | $55,000 |
ALLIANCE FOR QUALITY EDUCATION (PUBLIC POLICY AND EDUCATION FUND OF NY INC PURPOSE: GENERAL SUPPORT | $40,000 |
AMERICANS FOR THE ARTS PURPOSE: GENERAL SUPPORT | $5,000 |
ALLIED MEDIA PROJECTS (DECOLONIZING WEALTH PROJECT) PURPOSE: GENERAL SUPPORT | $25,000 |
AMERICANS FOR THE ARTS PURPOSE: GENERAL SUPPORT | $2,000 |
ASPEN MUSIC SCHOOL PURPOSE: GENERAL SUPPORT | $1,500 |