Clark Foundation Inc
- Assets
- $7.5k
- Revenue
- $26.8k
- Investments
- $6.4k
- Employees
- 0
- Location
- Signal Mountain, TN
- Founding
- 06/1960
- Data as of
- 12/2022
- EIN
- 62-0695496
Organization Overview
Clark Foundation Inc is located in Signal Mountain, TN. The organization was established in 1960. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Clark 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 12/2022, Clark Foundation Inc generated $26.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $26.9k during the year ending 12/2022. While expenses have increased by 7.7% per year over the past 4 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George M Clark President | 1 | $0 | |
Catherine Crabtree Secretaru | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $34 |
| Dividends & Interest | $17,289 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,444 |
| Capital Gain Net Income | $9,444 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $26,767 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $378 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $878 |
| Contributions, gifts, grants paid | $26,000 |
| Total expenses and disbursements | $26,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,047 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $7,475 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $878 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $878 |
Grants Awarded
Over the last fiscal year, Clark Foundation Inc has awarded $26,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHATTANOOGA CHRISTIAN SCHOOL PURPOSE: GENERAL DONATION | $5,200 |
NORTHSIDE NEIGHBORHOOD HOUSE PURPOSE: GENERAL DONATION | $5,200 |
CHRIST CHURCH CATHEDRAL PURPOSE: GENERAL DONATION | $5,200 |
HOPE FOR THE INNER CITY PURPOSE: GENERAL DONATION | $5,200 |
EVERY VALLEY LEADERSHIP ACADEMY PURPOSE: GENERAL DONATION | $5,200 |