B Gill Clements Foundation
- Assets
- $6.5m
- Revenue
- $245.6k
- Investments
- $6.0m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 07/2002
- Data as of
- 12/2022
- EIN
- 73-1645566
Organization Overview
B Gill Clements Foundation is located in Dallas, TX. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. B Gill Clements 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 12/2022, B Gill Clements Foundation generated $245.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.3%) each year. All expenses for the organization totaled $425.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, B Gill Clements Foundation has awarded 70 individual grants totaling $1,953,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia L Clements Trustee | 1 | $0 | |
William Mims Rohde Jr Trustee | 0.1 | $0 | |
Jay Stewart Rohde Trustee | 0.1 | $0 | |
Patricia L Clements President | 1 | $0 | |
William Mims Rohde Jr Secretary | 0.1 | $0 | |
Jay Stewart Rohde Vice President | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $772 |
| Dividends & Interest | $306,464 |
| Net Rental Income | $458 |
| Net Gain on Sale of Assets | -$176,306 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $114,226 |
| Total Revenue | $245,614 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,510 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35,366 |
| Total operating and administrative expenses | $100,660 |
| Contributions, gifts, grants paid | $325,000 |
| Total expenses and disbursements | $425,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,721 |
| Savings and temporary cash investments | $393,806 |
| 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 | $18,701 |
| Net Land, buildings, and equipment | $31,557 |
| Other assets | $0 |
| Total assets | $6,462,974 |
| 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, B Gill Clements Foundation has awarded $325,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL SNAFFLE BIT ASSOCIATION PURPOSE: GENERAL OPERATING FUNDS | $10,000 |
DALLAS ARBORETUM PURPOSE: GENERAL OPERATING FUNDS | $10,000 |
GREAT LAKES CENTER FOR THE ARTS PURPOSE: GENERAL OPERATING FUNDS | $5,000 |
MCCLAREN NORTHERN MICHIGAN FOUNDATI PURPOSE: GENERAL OPERATING FUNDS | $81,000 |
MANNA FOOD PROJECT PURPOSE: GENERAL OPERATING FUNDS | $15,000 |
MEMENTOUS PURPOSE: GENERAL OPERATING FUNDS | $6,000 |