Clay Electric Foundation Inc
- Assets
- $306.9k
- Revenue
- $892.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Keystone Heights, FL
- Founding
- 06/2016
- Data as of
- 12/2021
- EIN
- 61-1777637
Organization Overview
Clay Electric Foundation Inc is located in Keystone Heights, FL. The organization was established in 2016. According to its NTEE Classification (T31) the organization is classified as: Community 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. Clay Electric 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.
Since 2016, Clay Electric Foundation Inc has awarded 411 individual grants totaling $4,277,412. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ACCUMULATION AND DISBURSEMENT OF FUNDS FOR CHARITABLE, EDUCATIONAL AND OTHER WORTHY PURPOSES IN THE 14 COUNTY SERVICE AREA OF CLAY ELECTRIC COOPERATIVE, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACCUMULATION AND DISBURSEMENT OF FUNDS FOR CHARITABLE, EDUCATIONAL AND OTHER WORTHY PURPOSES IN THE 14 COUNTY SERVICE AREA OF CLAY ELECTRIC COOPERATIVE, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen E Bailey President/board Member | OfficerTrustee | 1 | $0 |
Kathleen R Barrow Vice-President/board Membe | OfficerTrustee | 1 | $0 |
Reginal L Brown Secretary/member | OfficerTrustee | 1 | $0 |
Richard L Feagle Treasurer/member | OfficerTrustee | 1 | $0 |
Pam Whittle Board Member | Trustee | 1 | $0 |
Susan Mccool Board Member | Trustee | 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 | $892,614 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $892,614 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $892,614 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $900,708 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $900,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $236,337 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $70,538 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $306,875 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $306,875 |
| Net assets with donor restrictions | $0 |
| 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 | $306,875 |
Grants Awarded
Over the last fiscal year, Clay Electric Foundation Inc has awarded $776,330 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
Keystone Hgts, FL PURPOSE: PURSUIT OF THE FOUNDATIONS OVERALL MISSION | $15,000 |
Brooker, FL PURPOSE: PURSUIT OF THE FOUNDATIONS OVERALL MISSION | $15,000 |
Gainesville, FL PURPOSE: PURSUIT OF THE FOUNDATIONS OVERALL MISSION | $15,000 |
Ocala, FL PURPOSE: PURSUIT OF THE FOUNDATIONS OVERALL MISSION | $15,000 |
CARC - ADVOCATES FOR CITIZENS WITH DISABILITIES INC PURPOSE: PURSUIT OF THE FOUNDATIONS OVERALL MISSION | $15,000 |
Starke, FL PURPOSE: PURSUIT OF THE FOUNDATIONS OVERALL MISSION | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Of Sarasota County Inc Sarasota, FL | $386,793,850 | $71,031,554 |
Gulf Coast Community Foundation Inc Venice, FL | $411,069,499 | $79,396,677 |
The Community Foundation For Northeast Florida Inc Jacksonville, FL | $630,367,087 | $110,893,672 |
Givewell Community Foundation Inc Lakeland, FL | $419,262,531 | $231,457,010 |
Community Foundation Of Collier County Naples, FL | $218,053,316 | $48,461,607 |
The Community Foundation Of Greater Birmingham Birmingham, AL | $299,631,425 | $49,687,592 |
Community Foundation Of Tampa Bay Inc Tampa, FL | $288,002,169 | $39,276,460 |
Community Foundation For Palm Beach & Martin Counties Inc West Palm Beach, FL | $221,759,809 | $29,612,714 |
Pinellas Community Foundation Clearwater, FL | $142,858,566 | $23,264,951 |
North Georgia Community Foundation Gainesville, GA | $121,312,465 | $29,287,202 |
Community Foundation Of The Chattahoochee Valley Inc Columbus, GA | $203,858,921 | $35,593,899 |
Community Foundation Of Broward Inc Fort Lauderdale, FL | $211,626,969 | $24,953,275 |