Clark Family Charitable Tr Dated February 14 2017
- Assets
- $11.7m
- Revenue
- $855.2k
- Investments
- $9.9m
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 05/2017
- Data as of
- 12/2021
- 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 12/2021, Clark Family Charitable Tr Dated February 14 2017 generated $855.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.4% each year . All expenses for the organization totaled $518.6k during the year ending 12/2021. While expenses have increased by 7.8% per year over the past 4 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
2021
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Clark CEO | 40 | $70,367 | |
Aaron Clark COO | 20 | $65,010 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $182,668 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $672,568 |
| Capital Gain Net Income | $672,568 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $855,236 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $135,377 |
| Other employee salaries and wages | $67,287 |
| Pension plans, employee benefits | $14,092 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $144,017 |
| Total operating and administrative expenses | $491,789 |
| Contributions, gifts, grants paid | $26,800 |
| Total expenses and disbursements | $518,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,526 |
| Savings and temporary cash investments | $1,274,004 |
| 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 | $15,500 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,880,377 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $349,347 |
| Total assets | $11,672,754 |
| 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 | $13,821 |
| Total liabilities | $13,821 |
Grants Awarded
Over the last fiscal year, Clark Family Charitable Tr Dated February 14 2017 has awarded $26,800 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
BRIONNA FADLEY PURPOSE: GRANT FOR POST-SECONDARY EDUCATION | $6,000 |
MAKAYLA R LEMON PURPOSE: GRANT FOR POST-SECONDARY EDUCATION | $3,000 |
MAURA GOMEZ LOPEZ PURPOSE: GRANT FOR POST-SECONDARY EDUCATION | $2,000 |
DESANGE KUENIHIRA PURPOSE: GRANT FOR POST-SECONDARY EDUCATION | $2,000 |
MARIA ALTAMIRANO PURPOSE: GRANT FOR POST-SECONDARY EDUCATION | $2,000 |
PAUL NDABOREHEYE PURPOSE: GRANT FOR POST-SECONDARY EDUCATION | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Humanity United San Francisco, CA | $82,516,947 | $35,858,577 |
Public Policy Institute Of California San Francisco, CA | $340,951,909 | $34,836,055 |
Singleton Foundation For Financial Literacy And Entrepreneurship Burbank, CA | $5,023,733 | $12,067,602 |
Draper Richards Kaplan Foundation Menlo Park, CA | $54,158,347 | $29,356,238 |
Oprah Winfrey Leadership Academy Foundation Los Angeles, CA | $17,969,443 | $12,010,898 |
Wadhwani Operating Foundation Los Altos, CA | $0 | $65,339,394 |
Henry T Nicholas Education Foundation Inc Santa Ana, CA | $712,720 | $5,509,546 |
Chinese Character A Day Foundation Huntington Beach, CA | $0 | $31,765 |
Janie And Donald Friend Foundation San Francisco, CA | $0 | $1,186,592 |
Tomkat Ranch Educational Foundation Pescadero, CA | $1,784,473 | $4,660,042 |
Pacific Research Institute For Public Policy Pasadena, CA | $22,104,229 | $7,799,578 |
Ionetix Ppe Foundation San Francisco, CA | $0 | $4,350,988 |