Clausen Family Foundation
- Assets
- $2.5m
- Revenue
- $1.0m
- Investments
- $989.9k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2022
- EIN
- 85-1573003
Organization Overview
Clausen Family Foundation is located in Wilmington, DE. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Clausen 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, Clausen Family Foundation generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $245.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Clausen Family Foundation has awarded 11 individual grants totaling $429,914. 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 |
|---|---|---|---|
Charles Albano Sec | 1 | $0 | |
David Cessna Treas | 2 | $0 | |
Craig M Clausen Dir, Pres | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $343 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,000,343 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $12,617 |
| Printing and publications | $0 |
| Other expenses | $8,558 |
| Total operating and administrative expenses | $27,201 |
| Contributions, gifts, grants paid | $218,045 |
| Total expenses and disbursements | $245,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,537,788 |
| 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 | $2,527,728 |
| 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, Clausen Family Foundation has awarded $218,045 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN TRANSPARENCY PURPOSE: GENERAL & UNRESTRICTED | $1,500 |
CHALLENGED ATHLETES INC PURPOSE: GENERAL & UNRESTRICTED | $6,045 |
HEART FOR ORPHANS INC PURPOSE: NECESSITIES FOR ORPHANS IN UKRAINE | $2,000 |
HILLSDALE COLLEGE PURPOSE: GIVING TUESDAY MATCHING CHALLENGE | $5,000 |
HILLSDALE COLLEGE PURPOSE: FOR THE BENEFIT OF THE BARNEY CHARTER SCHOOL INITIATIVE CHALLENGE | $100,000 |
JUDICIAL WATCH INC PURPOSE: GENERAL & UNRESTRICTED | $1,500 |