Joseph A W Clayes Iii Charitable Tr
- Assets
- $31.4m
- Revenue
- $5.3m
- Investments
- $28.9m
- Employees
- 0
- Location
- La Jolla, CA
- Founding
- 10/2007
- Data as of
- 12/2023
- EIN
- 20-7515945
Organization Overview
Joseph A W Clayes Iii Charitable Tr is located in La Jolla, CA. The organization was established in 2007. 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. Joseph A W Clayes Iii Charitable Tr 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, Joseph A W Clayes Iii Charitable Tr generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $2.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A - CHARITABLE ACTIVITIES ARE LIMITED TO GRANT MAKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trulette M Clayes Trustee | 15 | $100,000 | |
Brendan A Holmes Trustee | 15 | $100,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $975,725 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,153,718 |
| Capital Gain Net Income | $4,112,728 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $167,117 |
| Total Revenue | $5,296,561 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $57,633 |
| Taxes | $38,731 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $112,544 |
| Total operating and administrative expenses | $656,581 |
| Contributions, gifts, grants paid | $1,750,000 |
| Total expenses and disbursements | $2,406,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,478,373 |
| 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 | $3,094,183 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $38,190 |
| Total assets | $31,397,115 |
| 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, Joseph A W Clayes Iii Charitable Tr has awarded $1,800,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CANINE COMPANIONS FOR INDEPENDENCE - SOUTHWEST TRAINING CENTER PURPOSE: PERMANENT ENDOWMENT FOR TRAINED SERVICE DOGS- JOSEPH CLAYES III ENDOWMENT FUND | $250,000 |
RADY CHILDREN'S HOSPITAL FOUNDATION PURPOSE: FINANCIAL SUPPORT FOR NEURO-ONCOLOGY AND GENOMICS RESEARCH | $1,550,000 |