Robert L And Jean Clarke Family Foundation
- Assets
- $4.0m
- Revenue
- $450.0k
- Investments
- $3.9m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 02/1998
- Data as of
- 12/2022
- EIN
- 76-0522676
Organization Overview
Robert L And Jean Clarke Family Foundation is located in Houston, TX. The organization was established in 1998. 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. Robert L And Jean Clarke Family 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, Robert L And Jean Clarke Family Foundation generated $450.0k 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 (11.6%) each year. All expenses for the organization totaled $500.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Robert L And Jean Clarke Family Foundation has awarded 259 individual grants totaling $3,131,284. 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 |
|---|---|---|---|
Robert L Clarke Director | 0 | $0 | |
R Logan Clarke Jr Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $311,819 |
| Interest on Savings | $12,772 |
| Dividends & Interest | $53,384 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,017 |
| Capital Gain Net Income | $110,238 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $64,958 |
| Total Revenue | $449,950 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,306 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $63,599 |
| Total operating and administrative expenses | $74,405 |
| Contributions, gifts, grants paid | $426,400 |
| Total expenses and disbursements | $500,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $142,536 |
| 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 | $1,674,731 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,047,572 |
| 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, Robert L And Jean Clarke Family Foundation has awarded $426,400 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ENTERPRISE INSTITUTE PURPOSE: GENERAL | $1,000 |
CATO INSTITUTE PURPOSE: GENERAL | $500 |
FINANCIAL SERVICES VOLUNTEER CORPS INC PURPOSE: GENERAL | $10,000 |
CHURCH OF ST JOHN THE DIVINE PURPOSE: GENERAL | $2,000 |
FIRST PRESBYTERIAN HOUSTON PURPOSE: GENERAL | $20,000 |
HERITAGE FOUNDATION PURPOSE: GENERAL | $500 |