Clipper Petroleum Foundation Inc
- Assets
- $66.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Flowery Branch, GA
- Founding
- 04/2013
- Data as of
- 12/2021
- EIN
- 46-1784703
Organization Overview
Clipper Petroleum Foundation Inc is located in Flowery Branch, GA. The organization was established in 2013. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clipper Petroleum 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 12/2021, Clipper Petroleum Foundation Inc generated $148.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $118.4k during the year ending 12/2021. While expenses have increased by 3.9% per year over the past 7 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION ACCEPTS GRANT APPLICATIONS FROM NON-PROFIT ORGANIZATIONS AND SCHOOLS FROM APRIL 15 UNTIL AUGUST 31. THE BOD REVIEWS ALL GRANT REQUESTS IN OCTOBER AND PRIMARILY ISSUES GRANT PAYMENTS IN NOVEMBER AND DECEMBER. IN 2021, APPROXIMATELY 50 GRANTS TOTALING $113,582 WERE GRANTED TO NON-PROFITS,PUBLIC SCHOOLS AND COMMUNITY OUTREACH PROJECTS BY THE FOUNDATION. GRANTS OF $5,000 OR MORE ARE LISTED IN THIS RETURN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shirley Caroline Filchak Board Member | 1 | $0 | |
Maria S Bower Vice President | 1 | $0 | |
Haley Bower Board Member | 1 | $0 | |
Thomas L Bower III President | 1 | $0 | |
Edward Hong Secretary | 1 | $0 | |
Charles S Hall Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $135,335 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $12,700 |
| Other Revenue | $0 |
| Total Revenue | $148,035 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,339 |
| Total expenses | $118,421 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $66,359 |
| Other assets | $0 |
| Total assets | $66,359 |
| Total liabilities | $0 |
| Net assets or fund balances | $66,359 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Metro Atlanta Collaborative Inc Atlanta, GA | $93,266,962 | $86,228,529 |
Early Learning Coalition Of Pasco And Hernando Counties Inc Spring Hill, FL | $3,978,920 | $41,918,808 |
Transylvania Vocational Services Inc Brevard, NC | $52,218,118 | $34,183,028 |
University System Of Georgia Foundation Inc Atlanta, GA | $572,651,205 | $27,479,908 |
Champions For Education Inc Charlotte, NC | $4,769,828 | $14,830,024 |
Atlanta Neighborhood Charter School Inc Atlanta, GA | $8,677,734 | $16,201,042 |
Campus Development Foundation Inc Chattanooga, TN | $70,898,605 | $12,373,348 |
Pinellas County Education Foundation Inc Largo, FL | $46,058,719 | $8,082,359 |
Hephzibah Charter Foundation Inc Hephzibah, GA | $10,181,498 | $8,307,126 |
Foundation Properties Inc Columbus, GA | $108,758,689 | $6,742,153 |
Nc State Engineering Foundation Inc Raleigh, NC | $172,988,383 | $18,412,442 |
Georgia Student Scholarship Organization Sso Inc Cumming, GA | $4,146,288 | $9,720,252 |