Clark Family Charitable Tr Dated February 14 2017
- Assets
- $9.1m
- Revenue
- $333.3k
- Investments
- $7.5m
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 05/2017
- Data as of
- 12/2022
- EIN
- 81-7125697
Organization Overview
Clark Family Charitable Tr Dated February 14 2017 is located in San Diego, CA. The organization was established in 2017. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Clark Family Charitable Tr Dated February 14 2017 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, Clark Family Charitable Tr Dated February 14 2017 generated $333.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $620.7k during the year ending 12/2022. While expenses have increased by 10.1% per year over the past 5 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
1.ENGINEERING IN THE CLASSROOM. STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ART, MATH) PROGRAMS ARE BEING ADOPTED BY SCHOOLS AROUND THE COUNTRY, ALTHOUGH FUNDING IS STILL AN ISSUE FOR MANY SCHOOLS. 3D PRINTING IS A PARTICULARLY IMPORTANT TOOL FOR INNOVATIVE EDUCATION, BECAUSE IT CAN SPAN MANY DIFFERENT STEAM DISCIPLINES AND IT GIVES STUDENTS EXPERIENCE IN DESIGN, PROBLEM SOLVING, PROJECT BASED LEARNING, AND COLLABORATION. THE FEDERAL GOVERNMENT HAS MADE SOME EFFORTS TO GET 3D PRINTING INTO SCHOOLS, BUT EVEN SCHOOLS THAT HAVE PURCHASED 3D PRINTERS ARE HAVING DIFFICULTIES INCORPORATING THEM INTO THEIR CLASSROOMS. THERE IS A SHARP LEARNING CURVE FOR USING THESE PRINTERS, AND TEACHERS DO NOT KNOW HOW TO USE 3D DESIGN SOFTWARE OR INCORPORATE 3D PRINTING INTO THEIR CURRICULUM. THIS PROGRAM WOULD DO THE FOLLOWING: ALLOW SCHOOLS TO UTILIZE 3D PRINTING EQUIPMENT OWNED AND MAINTAINED BY THE FOUNDATION, ALONG WITH MATERIALS FOR THE PRINTERS. CONSULT WITH STEAM TEACHERS REGARDING HOW TO INCORPORATE 3
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Clark COO | 20 | $145,581 | |
Amy Clark CEO | 40 | $70,700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $228,516 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $104,746 |
| Capital Gain Net Income | $104,746 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $333,262 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $216,281 |
| Other employee salaries and wages | $67,721 |
| Pension plans, employee benefits | $20,089 |
| Interest | $0 |
| Taxes | $10,069 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $143,522 |
| Total operating and administrative expenses | $585,719 |
| Contributions, gifts, grants paid | $35,000 |
| Total expenses and disbursements | $620,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,996 |
| Savings and temporary cash investments | $503,919 |
| 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 | $10,000 |
| Net Investments - land, buildings, equipment | $1,022,371 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,531,670 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,086,956 |
| 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 | $42,615 |
| Total liabilities | $42,615 |
Grants Awarded
Over the last fiscal year, Clark Family Charitable Tr Dated February 14 2017 has awarded $35,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ALLANAH NUNEZ-CONLEY PURPOSE: GRANT FOR POST-SECONDARY EDUCATION | $1,500 |
ARIANNA NUNEZ-CONLEY PURPOSE: GRANT FOR POST-SECONDARY EDUCATION | $1,500 |
MAKAYLA R LEMON PURPOSE: GRANT FOR POST-SECONDARY EDUCATION | $3,000 |
WEBER STATE UNIVERSITY PURPOSE: GRANT FOR POST-SECONDARY EDUCATION | $17,500 |
SYDNEY ROSENBLATT PURPOSE: GRANT FOR POST-SECONDARY EDUCATION | $11,500 |