Lynn & Helen Clark Fund
- Assets
- $2.5m
- Revenue
- $211.8k
- Investments
- $2.4m
- Employees
- 0
- Location
- Billings, MT
- Founding
- 01/1995
- Data as of
- 09/2022
- EIN
- 84-6270492
Organization Overview
Lynn & Helen Clark Fund is located in Billings, MT. The organization was established in 1995. 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. Lynn & Helen Clark Fund 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 09/2022, Lynn & Helen Clark Fund generated $211.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $200.8k during the year ending 09/2022. While expenses have increased by 4.8% per year over the past 6 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 2015, Lynn & Helen Clark Fund has awarded 240 individual grants totaling $1,106,415. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LYNN & HELEN CLARK FUND PROVIDES THAT PAYMENTS FROM THE TRUST SHALL BE FOR THE BENEFIT OF INHABITANTS OF THE ST. VRAIN VALLEY SCHOOL DISTRICT, INCLUDING THE CITY OF LONGMONT, COLORADO. THE FUND IS PERMANENTLY SET ASIDE FOR CHARITABLE, RELIGIOUS, LITERARY AND EDUCATIONAL PURPOSES. THE FUND MADE 22 GRANTS TO LOCAL CHARITABLE ORGANIZATIONS IN THE CURRENT YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Great Western Bank Former Trustee | 2 | $32,801 | |
First Interstate Bank Trustee | 2 | $7,287 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $198 |
| Dividends & Interest | $94,476 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $117,126 |
| Capital Gain Net Income | $117,126 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $211,800 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,088 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,185 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $48,123 |
| Contributions, gifts, grants paid | $152,700 |
| Total expenses and disbursements | $200,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $54,511 |
| 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 | $0 |
| Total assets | $2,451,661 |
| 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, Lynn & Helen Clark Fund has awarded $152,700 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
OUTREACH UNITED RESOURCE CENTER PURPOSE: GRANT TO PROVIDE BASIC SERVICES | $25,000 |
Longmont, CO PURPOSE: GRANT FOR STUDENT SUPPORT | $16,000 |
Longmont, CO PURPOSE: GRANT TO SUPPORT SERVICES | $12,500 |
Longmont, CO PURPOSE: GRANT FOR SUPPORT OF SCHOLARSHIPS AND TRAINING | $12,000 |
Longmont, CO PURPOSE: GRANT FOR STUDENT INCENTIVE PROGRAM | $10,000 |
Longmont, CO PURPOSE: GENERAL OPERATING SUPPORT | $8,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dennis R Washington Foundation Inc Missoula, MT | $1,024,973,213 | $135,352,040 |
J A & Kathryn Albertson Foundation Inc Boise, ID | $0 | $34,850,275 |
Hughes Charitable Foundation Jackson, WY | $5,676,764 | $10,003,792 |
Gianforte Fam Charitable Tr Bozeman, MT | $232,267,609 | $12,872,148 |
The Aditi Foundation Sioux Falls, SD | $272,669 | $9,625,048 |
Denny Sanford Foundation Sioux Falls, SD | $42,390,595 | $5,136,218 |
Montana Healthcare Foundation Bozeman, MT | $211,845,474 | $27,605,227 |
Homer A Scott And Mildred S Scott Foundation Sheridan, WY | $28,032,742 | $11,071,204 |
J R Simplot Foundation Inc Boise, ID | $241,362,659 | $7,582,149 |
Laura Moore Cunningham Foundation Inc Boise, ID | $9,665,036 | $4,890,131 |
Bruno And Evelyne Betti Foundation Billings, MT | $0 | $451,341 |
Dakota Charitable Foundation Inc Rapid City, SD | $26,047,186 | $2,168,472 |