Max And Billie Clark Foundation
- Assets
- $3.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Mineral Wells, TX
- Founding
- 12/1999
- Data as of
- 12/2021
- EIN
- 75-2809598
Organization Overview
Max And Billie Clark Foundation is located in Mineral Wells, TX. The organization was established in 1999. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Max And Billie Clark 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 12/2021, Max And Billie Clark Foundation generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
EDUCATE THE PUBLIC ON GARDENING , HORTICULTURE, CONSERVATION AND ADAPTIVE WATERING IN A BEAUTIFUL GARDEN ENVIRONMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Montgomery Director | 40 | $60,160 | |
Deborah Clark Director | 0.5 | $0 | |
Max Clark Director | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $767,295 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $14,340 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $13,585 |
| Other Income | $242,744 |
| Total Revenue | $1,076,791 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,160 |
| Other employee salaries and wages | $405,938 |
| Pension plans, employee benefits | $47,233 |
| Interest | $6,391 |
| Taxes | $0 |
| Depreciation | $79,322 |
| Occupancy | $128,911 |
| Travel, conferences, and meetings | $2,204 |
| Printing and publications | $916 |
| Other expenses | $373,515 |
| Total operating and administrative expenses | $1,113,089 |
| Contributions, gifts, grants paid | $500 |
| Total expenses and disbursements | $1,113,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,455 |
| 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 | $3,200 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,101,115 |
| Other assets | $0 |
| Total assets | $3,145,770 |
| Accounts payable and accrued expenses | $9,890 |
| 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 | $166,417 |
| Total liabilities | $176,307 |
Grants Awarded
Over the last fiscal year, Max And Billie Clark Foundation has awarded $500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Mineral Wells, TX PURPOSE: COPPER SPONSORSHIP | $250 |
MINERAL WELLS HIGH SCHOOL PROJECT PURPOSE: GRADUATION EVENT SPONSOR | $250 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Max And Billie Clark Foundation has recieved totaling $16,000.
| Awarding Organization | Amount |
|---|---|
Brazos Foundation Inc Mineral Wells, TX PURPOSE: LABYRINTH GARDENS | $15,000 |
Buzbee Foundation Montgomery, TX PURPOSE: GENERAL | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Angelo Area Foundation San Angelo, TX | $221,834,647 | $42,062,458 |
Mercy Ships Foundation Lindale, TX | $100,019,661 | $12,520,932 |
Texas Womens Foundation Dallas, TX | $33,197,240 | $8,443,158 |
Gayle And Tom Benson Charitablefoundation Metairie, LA | $44,526 | $10,673,881 |
The Oscar J Tolmas Charitable Trust Metairie, LA | $58,086,420 | $4,279,649 |
The University Of Texas At Tyler Education Inc Tyler, TX | $0 | $51,128 |
University Of Arkansas Technology Development Foundation Fayetteville, AR | $18,380,736 | $2,093,754 |
Butcher Fund Houston, TX | $0 | $254,062 |
Lensic Performing Arts Center Corporation Santa Fe, NM | $15,012,313 | $4,156,320 |
John R & Greli N Less Charitable Trust San Antonio, TX | $117,218,576 | $120,089,499 |
St Davids Community Health Foundation Initiatives Austin, TX | $27,867,184 | $2,942,176 |
Crow Family Foundation Inc Dallas, TX | $48,525 | $3,503 |