Clara Fairbanks Foundation Inc
- Assets
- $2.1m
- Revenue
- $59.5k
- Investments
- $2.0m
- Employees
- 0
- Location
- Terre Haute, IN
- Founding
- 02/1943
- Data as of
- 12/2022
- EIN
- 35-6042734
Organization Overview
Clara Fairbanks Foundation Inc is located in Terre Haute, IN. The organization was established in 1943. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clara Fairbanks 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 12/2022, Clara Fairbanks Foundation Inc generated $59.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $154.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Clara Fairbanks Foundation Inc has awarded 136 individual grants totaling $928,733. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Callahan Treasurer | 0 | $0 | |
Brenda Voll Director | 0 | $0 | |
Henry T Smith Director | 0 | $0 | |
Elizabeth Haley Director | 0 | $0 | |
Ann L Prox Secretary | 0 | $0 | |
Michael J Sacopulos Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,875 |
| Interest on Savings | $50 |
| Dividends & Interest | $43,634 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$101 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $59,458 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,703 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,046 |
| Total operating and administrative expenses | $33,749 |
| Contributions, gifts, grants paid | $120,497 |
| Total expenses and disbursements | $154,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $89,574 |
| 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 | $178,295 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,074,707 |
| 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, Clara Fairbanks Foundation Inc has awarded $120,497 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Terre Haute, IN PURPOSE: INSPIRE AND EMPOWER YOUTH CAMPAIGN | $18,394 |
VIGO COUNTY EDUCATION FOUNDAITON PURPOSE: OPERATIONS | $15,000 |
Terre Haute, IN PURPOSE: PLAYGROUND UPDATE PROJECT | $10,743 |
Seattle, WA PURPOSE: OPERATIONS | $10,500 |
TERRE HAUTE SYMPHONY ORCHESTRA PURPOSE: PURCHASE OF PERCUSSION EQUIPMENT | $7,000 |
YMCA OF THE WABASH VALLEY PURPOSE: WABASH HYDRO FIT PROJECT | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Clara Fairbanks Foundation Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Indiana Chemical Trust Evansville, IN PURPOSE: PROGRAM SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard M Fairbanks Foundation Inc Indianapolis, IN | $343,052,565 | $13,782,735 |
American Royal Association Kansas City, MO | $28,283,023 | $7,000,256 |
500 Festival Inc Indianapolis, IN | $6,763,861 | $5,772,745 |
Kentucky Derby Festival Inc Louisville, KY | $6,625,289 | $3,844,478 |
Kane County Fair St Charles, IL | $21,061,651 | $1,916,331 |
Sheboygan County Fair Association Plymouth, WI | $2,297,030 | $1,962,294 |
Kenosha County Fair Association Inc Wilmot, WI | $2,247,686 | $1,814,776 |
German Fest Milwaukee Inc Menomonee Falls, WI | $1,157,824 | $1,461,133 |
Lake County Fair Association Grayslake, IL | $27,796,345 | $1,095,277 |
Walworth County Agricultural Society Elkhorn, WI | $2,948,383 | $904,049 |
Shawano Area Agricultural Society Inc Shawano, WI | $1,017,818 | $1,408,309 |
Southeast Missouri District Fair Association Inc Cape Girardeau, MO | $2,015,257 | $841,297 |