Elizabeth Sullivan Clem Trust
- Assets
- $8.1m
- Revenue
- $500.1k
- Investments
- $7.8m
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 01/2000
- Data as of
- 12/2022
- EIN
- 74-1688803
Organization Overview
Elizabeth Sullivan Clem Trust is located in San Antonio, TX. The organization was established in 2000. 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. Elizabeth Sullivan Clem Trust 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, Elizabeth Sullivan Clem Trust generated $500.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $455.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Elizabeth Sullivan Clem Trust has awarded 19 individual grants totaling $1,258,789. 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 Mission:
Part 3 - Line 1
TO DISTRIBUTE 100% OF THE ORGANIZATION'S NET INCOME (AS DETERMINED BY THE TRUSTEES) TO FOUR PUBLIC CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL TRUST INCOME IS DISTRIBUTED TO FOUR PUBLIC CHARITIEIS. SEE PART IV- STATEMENT OF FUNCTIONAL EXPENSES.
THE TRUST'S MAIN EXEMPT PURPOSE ACCOMPLISHMENTS IS THAT THE TRUST DISTRIBUTES 100% OF THE TRUSTS NET INCOME (AS DETERMINED BY THE TRUSTEES) TO FOUR PUBLIC CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert L Bobbitt Jr Trustee | Trustee | 7 | $30,000 |
Richard F Halter Trustee | Trustee | 7 | $30,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $174,575 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $75,446 |
| Capital Gain Net Income | $75,446 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $250,034 |
| Total Revenue | $500,055 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $74,284 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $42,959 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,337 |
| Total operating and administrative expenses | $151,430 |
| Contributions, gifts, grants paid | $304,113 |
| Total expenses and disbursements | $455,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $309,289 |
| 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 | $7,783,592 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $41,874 |
| Total assets | $8,134,755 |
| 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, Elizabeth Sullivan Clem Trust has awarded $304,113 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
OUR LADY OF THE LAKE UNIV ENDOW FD PURPOSE: UNRESTRICTED CHARITABLE | $101,371 |
SANTA ROSA CHILDRENS HOSPITAL PURPOSE: UNRESTRICTED CHARITABLE | $101,371 |
ASCENSION DEPAUL SERVICES PURPOSE: UNRESTRICTED CHARITABLE | $101,371 |