Clements Foods Foundation
- Assets
- $1.8m
- Revenue
- $549.8k
- Investments
- $1.8m
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 08/1988
- Data as of
- 02/2022
- EIN
- 73-1304657
Organization Overview
Clements Foods Foundation is located in Oklahoma City, OK. The organization was established in 1988. According to its NTEE Classification (K11) the organization is classified as: Single Organization Support, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clements Foods 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 02/2022, Clements Foods Foundation generated $549.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $198.8k during the year ending 02/2022. While expenses have increased by 4.4% 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.
Since 2015, Clements Foods Foundation has awarded 69 individual grants totaling $707,600. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward B Clements Secretary | 1 | $0 | |
Richard L Clements Treasurer | 1 | $0 | |
Robert H Clements President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $105 |
| Dividends & Interest | $105,404 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $444,338 |
| Capital Gain Net Income | $444,338 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $549,847 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,614 |
| Contributions, gifts, grants paid | $197,200 |
| Total expenses and disbursements | $198,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $9,014 |
| 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 | $1,825,974 |
| 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, Clements Foods Foundation has awarded $197,200 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Oklahoma City, OK PURPOSE: GENERAL PURPOSE | $65,000 |
OKLAHOMA CITY ROTARY FOUNDATION PURPOSE: GENERAL PURPOSE | $55,000 |
Oklahoma City, OK PURPOSE: GENERAL PURPOSE | $25,000 |
AMERICAN INDIAN CULTURAL CENTER & MUSEUM PURPOSE: GENERAL PURPOSE | $20,000 |
Oklahoma City, OK PURPOSE: GENERAL PURPOSE | $5,000 |
Oklahoma City, OK PURPOSE: GENERAL PURPOSE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Impact Catering Co Oklahoma City, OK | $2,504,216 | $5,368,754 |
Hcfn Title Holding Corporation Kansas City, MO | $15,798,430 | $983,086 |
Texas Extension Education Foundation Inc College Station, TX | $788,665 | $1,570,483 |
Cafb Of Tx Support Corporation Austin, TX | $20,109,575 | $277,464 |
Upcycled Food Foundation Greenwood Village, CO | $271,840 | $581,441 |
Tafb Distribution Center Inc Fort Worth, TX | $6,781,520 | $144,000 |
Cactus Cares Foundation Amarillo, TX | $677,053 | $686,819 |
Clements Foods Foundation Oklahoma City, OK | $1,825,974 | $549,847 |
Lawrence Community Food Alliance Lawrence, KS | $70,252 | $0 |
Feeding Colorado Denver, CO | $1,297,165 | $431,624 |
Canstruction Houston Houston, TX | $3,328 | $0 |
West San Marcos Dove Hunt Foundation San Marcos, TX | $5,787 | $0 |