Clark Opportunity Foundation Inc
- Assets
- $9.2m
- Revenue
- $2.3m
- Investments
- $8.6m
- Employees
- 0
- Location
- Berkeley Springs, WV
- Founding
- 07/2014
- Data as of
- 09/2022
- EIN
- 46-3712403
Organization Overview
Clark Opportunity Foundation Inc is located in Berkeley Springs, WV. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Clark Opportunity 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 09/2022, Clark Opportunity Foundation Inc generated $2.3m in total revenue. All expenses for the organization totaled $457.0k during the year ending 09/2022. While expenses have increased by 46.3% per year over the past 5 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.
Since 2020, Clark Opportunity Foundation Inc has awarded 74 individual grants totaling $796,019. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Core Trustee | 0 | $0 | |
Howard Clark Managing Dir | 12.5 | $0 | |
Greta Mooney Trustee | 0 | $0 | |
Joe Statler Trustee | 0 | $0 | |
Virgil Wilkins Trustee | 0 | $0 | |
Leslie Clark Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| Interest on Savings | $939 |
| Dividends & Interest | $116,660 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $569,919 |
| Capital Gain Net Income | $569,919 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,647,997 |
| Total Revenue | $2,340,515 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,047 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $893 |
| Printing and publications | $0 |
| Other expenses | $3,681 |
| Total operating and administrative expenses | $70,138 |
| Contributions, gifts, grants paid | $386,867 |
| Total expenses and disbursements | $457,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $578,077 |
| 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 | $9,206,874 |
| 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, Clark Opportunity Foundation Inc has awarded $386,867 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
CB - FFA ALUMNI SCHOOL FUND PURPOSE: GENERAL GRANT | $108,000 |
Fairmont, WV PURPOSE: GRANT FOR COLLEGE FUND FOR YOUTH MIN | $101,000 |
WVU FOUNDATION PURPOSE: GRANT FOR EVERY CURRENT ENROLLED STU | $50,000 |
WEST VIRGINIA UNIVERSITY PURPOSE: SCHOLARSHIP | $25,228 |
PIERPONT COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP | $21,000 |
FAIRMONT STATE UNIVERSITY PURPOSE: SCHOLRSHIP | $13,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chevron Phillips Chemical Co Lp Health & Benefit Tr Veba Pittsburgh, PA | $15,880,618 | $77,964,861 |
Inspirittec Inc Philadelphia, PA | $65,630,872 | $75,964,924 |
The Seminar Network Inc Arlington, VA | $360,026,954 | $278,674,897 |
West Virginia University Medical Corporation Morgantown, WV | $21,363,966 | $59,205,918 |
Pennsylvania Virtual Charter School King Of Prussia, PA | $24,898,829 | $49,068,085 |
Old Dominion Land Conservancy Inc Purcellville, VA | $5,990,691 | $40,101,797 |
Pay It Forward Foundation Inc Pittsburgh, PA | $11,909,629 | $29,731,720 |
Wood County Schools Benefit Plan Bowling Green, OH | $9,100,102 | $25,909,869 |
Lifesteps Inc Butler, PA | $25,871,848 | $32,536,752 |
Maryland Innovation And Security Institute Inc Baltimore, MD | $10,081,190 | $24,715,450 |
Community Action Council Of Howard County Md Inc Columbia, MD | $15,922,810 | $23,897,066 |
Cal Ripken Sr Foundation Inc Baltimore, MD | $24,973,997 | $16,406,660 |