Henry Clay Memorial Foundation
- Assets
- $5.6m
- Revenue
- $872.9k
- Investments
- $1.7m
- Employees
- 15
- Location
- Lexington, KY
- Founding
- 03/1976
- Data as of
- 12/2021
- 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 12/2021, Henry Clay Memorial Foundation employed 15 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 12/2021, Henry Clay Memorial Foundation generated $872.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $583.2k during the year ending 12/2021. While expenses have increased by 4.8% per year over the past 7 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
2021
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 | $73,900 |
Allen Grimes Board Chair | OfficerTrustee | 1 | $0 |
Mack Cox 2nd VP | OfficerTrustee | 1 | $0 |
Aaron Ammerman Board Member | OfficerTrustee | 1 | $0 |
Sue Andrew Board Member | OfficerTrustee | 1 | $0 |
Josh Lewis Board Member | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $121,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $268,994 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $390,694 |
| Total Program Service Revenue | $157,510 |
| Investment income | $86,022 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,653 |
| Net Gain/Loss on Asset Sales | $66,037 |
| Net Income from Fundraising Events | $128,220 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $18,938 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $872,865 |
| 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. | $74,500 |
| Compensation of current officers, directors, key employees. | $22,350 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $182,271 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,313 |
| Payroll taxes | $19,354 |
| 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 | $66,460 |
| Advertising and promotion | $9,722 |
| Office expenses | $23,924 |
| 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 | $21,076 |
| Insurance | $23,242 |
| All other expenses | $44,864 |
| Total functional expenses | $583,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $298,573 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,949 |
| 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 | $13,637 |
| Prepaid expenses and deferred charges | $2,436 |
| Net Land, buildings, and equipment | $2,358,678 |
| Investments—publicly traded securities | $1,182,256 |
| Investments—other securities | $1,734,408 |
| Investments—program-related | $0 |
| Intangible assets | $8,173 |
| Other assets | $0 |
| Total assets | $5,605,110 |
| Accounts payable and accrued expenses | $4,258 |
| Grants payable | $0 |
| Deferred revenue | $8,000 |
| 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 | $12,258 |
| Net assets without donor restrictions | $540,579 |
| Net assets with donor restrictions | $5,052,273 |
| 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 | $5,605,110 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Henry Clay Memorial Foundation has recieved totaling $78,713.
| Awarding Organization | Amount |
|---|---|
Mildred H Dunning Memorial Fund Tr Tax Section Lexington, KY PURPOSE: GENERAL SUPPORT | $73,613 |
Christian Word Ministries Inc Lexington, KY PURPOSE: SUPPORT | $5,000 |
Hep Foundation Lexington, KY PURPOSE: GENERAL | $100 |
Endowment Analysis
| Beg. Balance | $2,256,137 |
| Earnings | $182,131 |
| Net Contributions | $500 |
| Other Expense | -$31,471 |
| Ending Balance | $2,407,297 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maymont Foundation Richmond, VA | $38,971,207 | $5,423,725 |
The Heritage Foundation Of Williamson County Tn Franklin, TN | $23,589,168 | $5,101,900 |
Andrew Jackson Foundation Hermitage, TN | $11,010,285 | $4,320,645 |
Ohio Historical Society Foundation Columbus, OH | $22,693,832 | $2,410,812 |
Memphis Chapter For Preservation Of Tennessee Antiquities Nashville, TN | $7,377,257 | $4,193,595 |
Jefferson National Parks Association Inc St Louis, MO | $9,104,174 | $5,372,825 |
The George Washington Foundation Fredericksburg, VA | $39,220,156 | $2,847,343 |
Historic Hoosier Hills R C & D Inc Versailles, IN | $314,933 | $2,266,391 |
Friends Of The Chicago River Chicago, IL | $1,960,790 | $1,822,157 |
Ohio & Erie Canalway Coalition Akron, OH | $9,640,021 | $4,067,863 |
Language Conservancy Bloomington, IN | $1,366,684 | $2,095,112 |
Northern In Historical Society South Bend, IN | $1,839,984 | $1,875,609 |