Clifford L Williams Memorial Foundation
- Assets
- $512.3k
- Revenue
- $113.4k
- Investments
- $318.6k
- Employees
- 0
- Location
- Jena, LA
- Founding
- 11/1991
- Data as of
- 12/2023
- EIN
- 58-1953687
Organization Overview
Clifford L Williams Memorial Foundation is located in Jena, LA. The organization was established in 1991. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, 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. Clifford L Williams Memorial 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, Clifford L Williams Memorial Foundation generated $113.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $107.0k during the year ending 12/2023. While expenses have increased by 3.8% per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALMOST ALL DISBURSEMENTS TO LASALLE PARISH PUBLIC SCHOOL SYSTEM. THE SYSTEM ALLOCATES FUNDS TO VARIOUS SCHOOL CLASSROOMS FOR SPECIFIC NEEDS AS REQUESTED BY TEACHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer J Loe President | 2 | $0 | |
W B Mccartney Jr Vice President | 1 | $0 | |
Joe Wilson Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $31,226 |
| Interest on Savings | $3,262 |
| Dividends & Interest | $7,219 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $411 |
| Capital Gain Net Income | $411 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $71,250 |
| Total Revenue | $113,368 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $420 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $42,876 |
| Total operating and administrative expenses | $43,296 |
| Contributions, gifts, grants paid | $63,718 |
| Total expenses and disbursements | $107,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,307 |
| Savings and temporary cash investments | $56,397 |
| 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 | $1,500 |
| Other assets | $4,500 |
| Total assets | $512,280 |
| 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, Clifford L Williams Memorial Foundation has awarded $63,718 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JENA HIGH SCHOOL PURPOSE: TO PROVIDE NEW LIGHTING SYSTEM FOR STUDENTS IN THE DRAMA CLUB | $2,000 |
LASALLE PARISH SCHOOL SYSTEM PURPOSE: TO IMPROVE THE SCHOOL SYSTEM AND PROVIDE NEEDED RESOURCES | $58,718 |
TEMPLE CHRISTIAN ACADEMY PURPOSE: TO IMPROVE THE SCHOOL SYSTEM AND PROVIDE NEEDED RESOURCES | $3,000 |