Clarkson Family Foundation
- Assets
- $3.5m
- Revenue
- $114.3k
- Investments
- $3.4m
- Employees
- 0
- Location
- Belle Fourche, SD
- Founding
- 04/2001
- Data as of
- 12/2023
- EIN
- 46-0460142
Organization Overview
Clarkson Family Foundation is located in Belle Fourche, SD. The organization was established in 2001. 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. Clarkson Family 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 12/2023, Clarkson Family Foundation generated $114.3k 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 (11.3%) each year. All expenses for the organization totaled $189.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Clarkson Family Foundation has awarded 258 individual grants totaling $944,353. 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 |
|---|---|---|---|
Pioneer Bank Trust Trustee | 20 | $31,124 | |
Ferman M Clarkson Member | 1 | $0 | |
Thad Milton Buchholz Member | 1 | $0 | |
Kay Musil Member | 1 | $0 | |
Mary Buchholz Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,021 |
| Dividends & Interest | $90,814 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,455 |
| Capital Gain Net Income | $19,455 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $114,290 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $31,124 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,179 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $33,714 |
| Contributions, gifts, grants paid | $156,045 |
| Total expenses and disbursements | $189,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $139,591 |
| 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 | $2,772,513 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,503,738 |
| 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, Clarkson Family Foundation has awarded $188,500 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
ABBOTT HOUSE PURPOSE: GENERAL FUND | $500 |
ARTEMIS HOUSE PURPOSE: GENERAL FUND | $1,250 |
BHSU NEWMAN CENTER PURPOSE: GENERAL FUND | $1,000 |
FRIENDS OF GRACE BALLOCH M LIBRARY PURPOSE: GENERAL FUND | $500 |
HARDING COUNTY BOOSTER CLUB PURPOSE: GENERAL FUND | $862 |
FESTIVAL OF TREES PURPOSE: GENERAL FUND | $2,225 |