Clark Foundation
- Assets
- $443.5m
- Revenue
- $14.3m
- Investments
- $322.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1932
- Data as of
- 12/2021
- EIN
- 13-5616528
Organization Overview
Clark Foundation is located in New York, NY. The organization was established in 1932. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Clark 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 12/2021, Clark Foundation generated $14.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $37.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Clark Foundation has awarded 998 individual grants totaling $236,414,421. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLARK SPORTS CENTER
SCHOLARSHIP DIRECT PROGRAM EXPENSES
OTHER COMMUNITY ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane F Clark President/ Director | 2 | $0 | |
Kent L Barwick Director | 0.5 | $0 | |
Douglas Bauer Executive Director/secretary | 35 | $0 | |
Anthony J Fasano Jr Assist Treasurer | 2 | $0 | |
Terry T Fulmer Director | 0.5 | $0 | |
Faith Gay Director | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Clark Estates Inc | 12/30/22 | $5,324,147 |
Rose And Kiernan | 12/30/22 | $711,270 |
Leatherstocking Corp | 12/30/22 | $275,825 |
Titan Roofing Inc | 12/30/22 | $208,514 |
Nyseg | 12/30/22 | $208,398 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,147,909 |
| Net Rental Income | $79,609 |
| Net Gain on Sale of Assets | -$7,019 |
| Capital Gain Net Income | $77,308,987 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,061,012 |
| Total Revenue | $14,281,811 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $3,790,358 |
| Pension plans, employee benefits | $1,163,568 |
| Interest | $0 |
| Taxes | $266,290 |
| Depreciation | $1,812,320 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $36,841 |
| Printing and publications | $0 |
| Other expenses | $1,989,847 |
| Total operating and administrative expenses | $14,292,978 |
| Contributions, gifts, grants paid | $23,291,222 |
| Total expenses and disbursements | $37,584,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $78,909,823 |
| Net Accounts receivable | $34,584 |
| 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 | $4,254,001 |
| Investments—mortgage loans | $0 |
| Investments—other | $48,700,123 |
| Net Land, buildings, and equipment | $37,468,826 |
| Other assets | $220,000 |
| Total assets | $443,485,871 |
| Accounts payable and accrued expenses | $7,777 |
| 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 | $7,777 |
Grants Awarded
Over the last fiscal year, Clark Foundation has awarded $28,678,354 in support to 126 organizations.
| Grant Recipient | Amount |
|---|---|
ADVOCACY INSTITUTE PURPOSE: GENERAL SUPPORT | $50,000 |
ADVOCATES FOR CHILDREN OF NEW YORK PURPOSE: GENERAL SUPPORT | $120,000 |
ARBOR BROTHERS INC DBA ARBOR RISING PURPOSE: GENERAL SUPPORT FOR NYC PROGRAMS | $100,000 |
ASCENDUS PURPOSE: GENERAL SUPPORT FOR NEW YORK PROGRAM | $175,000 |
BOWERY RESIDENTS' COMMITTEE INC PURPOSE: GENERAL SUPPORT | $325,000 |
BARD COLLEGE PURPOSE: GENERAL SUPPORT FOR NYC'S BARD HIGH SCHOOL EARLY COLLEGES | $100,000 |