Clute Family Foundation Inc
- Assets
- $0.0
- Revenue
- $508.1k
- Investments
- $918.9k
- Employees
- 0
- Location
- Marco Island, FL
- Founding
- 04/2005
- Data as of
- 10/2020
- EIN
- 20-0501955
Organization Overview
Clute Family Foundation Inc is located in Marco Island, FL. The organization was established in 2005. 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. Clute Family 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 10/2020, Clute Family Foundation Inc generated $508.1k in total revenue. All expenses for the organization totaled $50.1k during the year ending 10/2020. While expenses have increased by 5.7% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur D Ambrose Trustee | 0 | $0 | |
Vincent R Valicenti Chairman | 0 | $0 | |
Philip C Ponzi Trustee | 0 | $0 | |
Susan T Rogers Trustee | 0 | $0 | |
Josephine M Valicenti Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $7,961 |
| Dividends & Interest | $13,675 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $508,076 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $20,128 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $50,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $76,073 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $170,767 |
Grants Awarded
Over the last fiscal year, Clute Family Foundation Inc has awarded $60,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FOOD BANK OF THE SOUTHERN TIER PURPOSE: GENERAL OPERATIONS | $10,000 |
CAREFIRST PURPOSE: GENERAL OPERATIONS | $10,000 |
Elmira, NY PURPOSE: GENERAL OPERATIONS | $10,000 |
FOOD BANK OF THE SOUTHERN TIER PURPOSE: GENERAL OPERATIONS | $10,000 |
CAREFIRST PURPOSE: GENERAL OPERATIONS | $10,000 |
Elmira, NY PURPOSE: GENERAL OPERATIONS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Ds Foundation Miami, FL | $183,651,055 | $1,385,395 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
Altec-Styslinger Foundation Inc Birmingham, AL | $128,305,509 | $25,360,360 |
Elizabeth Morse Genius Foundation Winter Park, FL | $145,557,522 | $11,233,005 |
Daniel Foundation Of Alabama Birmingham, AL | $125,925,900 | $11,135,386 |
Daniel E Offutt Iii Charitable Tr Sarasota, FL | $1,076,359 | $6,500,161 |
BBVA Foundation Birmingham, AL | $0 | $7,925,433 |
E G Watkins Family Foundation West Palm Beach, FL | $3,784,813 | $11,500,184 |
The Anita James Rosen Foundation Inc St Petersburg, FL | $5,834,282 | $31,742 |
Peterffy Foundation West Palm Beach, FL | $132,920,946 | $11,657,366 |