Clements Foundation Inc
- Assets
- $407.2k
- Revenue
- $19.8k
- Investments
- $405.5k
- Employees
- 0
- Location
- Fort Wayne, IN
- Founding
- 03/1966
- Data as of
- 12/2022
- EIN
- 35-6055279
Organization Overview
Clements Foundation Inc is located in Fort Wayne, IN. The organization was established in 1966. 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. Clements 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, Clements Foundation Inc generated $19.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $24.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Clements Foundation Inc has awarded 75 individual grants totaling $179,005. 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 |
|---|---|---|---|
Mary Clements Michelfelder Secretary/treasurer | 1 | $0 | |
Carole Clements Vice President | 1 | $0 | |
Kate Clements Garry President | 1 | $0 | |
Michael Clements Memeber | 1 | $0 | |
James Michelfelder Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,969 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,596 |
| Capital Gain Net Income | $5,595 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $187 |
| Total Revenue | $19,752 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $840 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $122 |
| Total operating and administrative expenses | $7,428 |
| Contributions, gifts, grants paid | $17,500 |
| Total expenses and disbursements | $24,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,683 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $407,196 |
| 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, Clements Foundation Inc has awarded $17,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ST MARGARET'S HOUSE PURPOSE: COMMUNITY ACTIVITY | $1,000 |
KEENE VALLEY LIBRARY ASSOCIATION PURPOSE: COMMUNITY ACTIVITY | $7,000 |
THE WILD CENTER PURPOSE: COMMUNITY ACTIVITY | $3,500 |
BOYS AND GIRLS CLUB OF ST JOSEPH COUNTY PURPOSE: COMMUNITY ACTIVITY | $1,000 |
INCLUSIVE FOR WOMEN PURPOSE: COMMUNITY ACTIVITY | $1,500 |
CAMP MANITO-WISH PURPOSE: YOUTH ACTIVITY | $1,000 |