Henry Clay Memorial Foundation
- Assets
- $5.5m
- Revenue
- $844.4k
- Investments
- $1.6m
- Employees
- 18
- Location
- Lexington, KY
- Founding
- 03/1976
- Data as of
- 12/2023
- EIN
- 61-0461732
Organization Overview
Henry Clay Memorial Foundation is located in Lexington, KY. The organization was established in 1976. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Henry Clay Memorial Foundation employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Henry Clay 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, Henry Clay Memorial Foundation generated $844.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $704.1k during the year ending 12/2023. While expenses have increased by 5.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVE THE HENRY CLAY ESTATE AS A NATIONAL HISTORIC LANDMARK, MUSEUM AND EDUCATIONAL CENTER FOR HISTORY OF THE 19TH CENTURY & TO INTERPRET THE LIFE OF HENRY CLAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINING AND PRESERVING A MEMORIAL IN HONOR OF HENRY CLAY AND PROVIDING EDUCATIONAL EXPERIENCES FOR THE COMMUNITY IN RELATION TO THE SOCIAL AND CULTURAL HISTORY OF THE 19TH CENTURY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Clark Executive Dir. | Trustee | 40 | $91,942 |
Linda Breathitt Chairman | Trustee | 1 | $0 |
Holly Bandoroff Board Member | Trustee | 1 | $0 |
Kathleen Spears Treasurer | OfficerTrustee | 1 | $0 |
Mack Cox Board Member | OfficerTrustee | 1 | $0 |
Aaron Ammerman Board Member | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $263,239 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $263,239 |
| Total Program Service Revenue | $160,541 |
| Investment income | $103,073 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,938 |
| Net Gain/Loss on Asset Sales | $104,077 |
| Net Income from Fundraising Events | $144,614 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $21,738 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $844,367 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $91,942 |
| Compensation of current officers, directors, key employees. | $10,718 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $231,671 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,466 |
| Payroll taxes | $24,795 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,182 |
| Advertising and promotion | $16,465 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,320 |
| Insurance | $24,102 |
| All other expenses | $73,494 |
| Total functional expenses | $704,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,604 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,991 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,138 |
| Prepaid expenses and deferred charges | $22,527 |
| Net Land, buildings, and equipment | $2,419,722 |
| Investments—publicly traded securities | $1,194,676 |
| Investments—other securities | $1,552,310 |
| Investments—program-related | $0 |
| Intangible assets | $8,173 |
| Other assets | $0 |
| Total assets | $5,490,141 |
| Accounts payable and accrued expenses | $15,933 |
| Grants payable | $0 |
| Deferred revenue | $5,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,933 |
| Net assets without donor restrictions | $643,329 |
| Net assets with donor restrictions | $4,825,879 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,490,141 |