Eugene M Clary Foundation Inc
- Assets
- $7.3m
- Revenue
- $52.8k
- Investments
- $4.2m
- Employees
- 0
- Location
- Marietta, GA
- Founding
- 03/1998
- Data as of
- 12/2021
- EIN
- 58-2310406
Organization Overview
Eugene M Clary Foundation Inc is located in Marietta, GA. The organization was established in 1998. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eugene M Clary 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, Eugene M Clary Foundation Inc generated $52.8k 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 (33.0%) each year. All expenses for the organization totaled $659.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Eugene M Clary Foundation Inc has awarded 243 individual grants totaling $2,330,491. 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 |
|---|---|---|---|
Kenneth B Clary CEO & Trustee | 10 | $240,000 | |
Nancy Lee Oxford Trustee | 1 | $5,000 | |
Mary S Teague Sec/treasurer | 10 | $4,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,729 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9 |
| Capital Gain Net Income | $9 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20,038 |
| Total Revenue | $52,776 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $249,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,857 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,568 |
| Total operating and administrative expenses | $341,999 |
| Contributions, gifts, grants paid | $317,718 |
| Total expenses and disbursements | $659,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,104,596 |
| 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 | $104,245 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,266,979 |
| 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, Eugene M Clary Foundation Inc has awarded $317,718 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY BAPTIST CHURCH PURPOSE: CHARITABLE | $61,500 |
TRI COUNTY BAPTIST CHURCH PURPOSE: CHARITABLE | $31,000 |
TENDER MERCY MINISTRIES PURPOSE: CHARITABLE | $26,000 |
AMERICAN CANCER SOCIETY PURPOSE: CHARITABLE | $25,000 |
ALEXANDER-THARPE FUND PURPOSE: CHARITABLE | $25,000 |
FIDELITY CHARITABLE GIVING ACCOUNT PURPOSE: CHARITABLE | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Container Royalties Supplemental Charleston, SC | $25,129,094 | $39,744,859 |
Jaeb Center For Health Research Inc Tampa, FL | $6,686,378 | $30,945,662 |
Sterling Co Gadsden, AL | $10,506,531 | $30,737,112 |
Operation Hope Inc Atlanta, GA | $42,513,861 | $45,427,739 |
Academy For Classical Education Inc Macon, GA | $50,470,204 | $22,703,116 |
Big Bend Hospice Inc Tallahassee, FL | $18,913,144 | $24,736,579 |
Second Wind Programs Inc Birmingham, AL | $5,585,002 | $12,560,505 |
New Mission Systems Inc Ft Myers, FL | $7,483,097 | $11,126,012 |
Oe Enterprises Incorporated Hillsborough, NC | $3,102,909 | $7,461,058 |
Contemporary Science Center Research Triangle Park, NC | $12,289,489 | $6,780,617 |
Deerwood Country Club Inc Jacksonville, FL | $10,155,508 | $6,981,612 |
Brotherhood Of Maintenance Of Way Employees Hendersonville, TN | $4,697,141 | $6,259,699 |