Clayton Fund Inc Texas Commerce Bank
- Assets
- $33.4m
- Revenue
- $4.3m
- Investments
- $32.1m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 09/1989
- Data as of
- 12/2021
- EIN
- 76-0285764
Organization Overview
Clayton Fund Inc Texas Commerce Bank is located in Houston, TX. The organization was established in 1989. 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. Clayton Fund Inc Texas Commerce Bank 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, Clayton Fund Inc Texas Commerce Bank generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 40.2% each year . All expenses for the organization totaled $3.5m during the year ending 12/2021. While expenses have increased by 9.8% per year over the past 3 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 2019, Clayton Fund Inc Texas Commerce Bank has awarded 238 individual grants totaling $11,172,000. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
NO DIRECT CHARITABLE ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Garwood President | 1 | $10,000 | |
William Baker Vice Pres | 1 | $10,000 | |
Chase Bank Of Texas - Houston Sec/treas | 1 | $150,857 | |
Burdine C Johnson Trustee | 1 | $12,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cypress Asset Management Inc | 12/30/22 | $114,533 |
Brown Investment Advisory | 12/30/22 | $117,510 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $685,201 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,564,515 |
| Capital Gain Net Income | $3,564,515 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,071 |
| Total Revenue | $4,255,787 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $186,323 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $61,154 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,045 |
| Total operating and administrative expenses | $532,859 |
| Contributions, gifts, grants paid | $2,960,000 |
| Total expenses and disbursements | $3,492,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,353,201 |
| 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 | $25,036 |
| Total assets | $33,445,957 |
| 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 | $7,590 |
| Total liabilities | $7,590 |
Grants Awarded
Over the last fiscal year, Clayton Fund Inc Texas Commerce Bank has awarded $2,387,500 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
PLANNED PARENTHOOD GULF COAST INC PURPOSE: CHARITABLE | $245,000 |
PLANNED PARENTHOOD FEDERATION OF AMERICAINC PURPOSE: CHARITABLE | $120,000 |
TEXAS EDUCATION WORKS PURPOSE: CHARITABLE | $50,000 |
KIPP INC PURPOSE: CHARITABLE | $15,000 |
RESTORE AMERICAS ESTUARIES PURPOSE: CHARITABLE | $25,000 |
WRITERS IN THE SCHOOLS PURPOSE: CHARITABLE | $20,000 |