Clarendon College Foundation
- Assets
- $570.5k
- Revenue
- $12.5k
- Investments
- $554.8k
- Employees
- 0
- Location
- Clarendon, TX
- Founding
- 07/1991
- Data as of
- 08/2022
- EIN
- 75-2378278
Organization Overview
Clarendon College Foundation is located in Clarendon, TX. The organization was established in 1991. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clarendon College 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 08/2022, Clarendon College Foundation generated $12.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $24.2k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O SCHOLARSHIPS ARE AWARDED TO 52 STUDENTS OF CLARENDON COLLEGE BASED ON ACADEMIC PERFORMANCE AND FINANCIAL NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS WERE AWARDED TO 52 STUDENTS OF CLARENDON COLLEGE BASED ON ACADEMIC PERFORMANCE AND FINANCIAL NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Tarver Chairman | Officer | 1 | $0 |
James Shelton Vice Chairman | Officer | 1 | $0 |
Darlene Spier Secretary | Officer | 1 | $0 |
Tex Buckhalts College President | Trustee | 1 | $0 |
Pat Britten Director | Trustee | 1 | $0 |
Swasey Brainard Director | 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 | $10,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,400 |
| Total Program Service Revenue | $0 |
| Investment income | $2,055 |
| 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 | $12,455 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $470 |
| Grants and other assistance to domestic individuals. | $21,711 |
| 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 | $976 |
| 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 | $1,091 |
| All other expenses | $0 |
| Total functional expenses | $24,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,743 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $554,796 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $570,539 |
| 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 | $0 |
| 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 | $570,539 |
| Total liabilities and net assets/fund balances | $570,539 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Clarendon College Foundation has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Texas Higher Education Foundation Austin, TX PURPOSE: COVID-19 EMERGENCY AID | $10,000 |
Texas Higher Education Foundation Austin, TX PURPOSE: COVID-19 EMERGENCY AID | $10,000 |
Community Foundation Of Abilene Abilene, TX PURPOSE: PROGRAM SUPPORT | $10,000 |
Community Foundation Of Abilene Abilene, TX PURPOSE: PROGRAM SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Chiropractic College Foundation Inc Pasadena, TX | $18,672,990 | $10,273,582 |
Arlington Baptist University Arlington, TX | $4,468,756 | $4,620,843 |
Catholic University Of Oklahoma Edmond, OK | $0 | $1,777,775 |
Nicholls State University Foundation Thibodaux, LA | $33,788,301 | $4,331,361 |
Southwestern College Santa Fe, NM | $6,482,044 | $4,260,284 |
Patty Hanks Shelton School Of Nursing Abilene, TX | $3,428,056 | $2,472,200 |
Sarah Harris Johnson-Whitman College Fund Dallas, TX | $9,871,927 | $2,100,142 |
Hendrix-Murphy Foundation Inc Conway, AR | $41,397,772 | $2,411,172 |
Weatherford College Foundation Inc Weatherford, TX | $12,734,437 | $3,014,455 |
Carl Albert State College Development Foundation Poteau, OK | $12,030,799 | $955,018 |
Lamar Institute Of Technology Foundation Beaumont, TX | $7,520,995 | $860,968 |
Murray State College Foundation Inc Tishomingo, OK | $6,635,474 | $535,074 |