Clark-Winchcole Foundation
- Assets
- $197.7m
- Revenue
- $12.0m
- Investments
- $194.8m
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 02/1965
- Data as of
- 12/2021
- EIN
- 52-6058340
Organization Overview
Clark-Winchcole Foundation is located in Bethesda, MD. The organization was established in 1965. 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. Clark-Winchcole 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 12/2021, Clark-Winchcole Foundation generated $12.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $9.6m during the year ending 12/2021. While expenses have increased by 9.3% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
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 |
|---|---|---|---|
W Craig Thompson Treasurer | 4.5 | $60,000 | |
Vincent C Burke III Chairman/president | 5 | $60,000 | |
Grover B Russell Vice President | 5 | $60,000 | |
Gregory Oyler Secretary | 4 | $60,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Farr Miller & Washington Llc | 12/30/21 | $552,299 |
Brown Advisory Llc | 12/30/21 | $156,362 |
Russell Evans & Thompson Pllc | 12/30/21 | $75,186 |
Chevy Chase Trust Investment Advisors | 12/30/21 | $253,098 |
Wells Fargo | 12/30/21 | $71,216 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,303,065 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,709,754 |
| Capital Gain Net Income | $8,709,754 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,836 |
| Total Revenue | $12,024,655 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $240,000 |
| Other employee salaries and wages | $122,500 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $200,843 |
| Depreciation | $0 |
| Occupancy | $81,712 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,798 |
| Total operating and administrative expenses | $1,834,435 |
| Contributions, gifts, grants paid | $7,814,000 |
| Total expenses and disbursements | $9,648,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,889 |
| Savings and temporary cash investments | $2,748,246 |
| 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 | $5,254,915 |
| Net Land, buildings, and equipment | $41,887 |
| Other assets | $17,239 |
| Total assets | $197,708,650 |
| 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 |
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