Cleverley Stone Foundation
- Assets
- $200.0k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 1
- Location
- Houston, TX
- Founding
- Data as of
- 12/2022
- EIN
- 85-1772151
Organization Overview
Cleverley Stone Foundation is located in Houston, TX. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cleverley Stone 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, Cleverley Stone Foundation generated $1.6m in total revenue. All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 105.8% per year over the past 3 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROCEEDS DONATED TO THE HOUSTON FOOD BANK FROM RESTAURANTS PARTICIPATING IN HOUSTON RESTAURANT WEEKS (HRW).
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION COORDINATED HOUSTON RESTAURANT WEEKS (HRW) IN AUGUST 2022. PROCEEDS FROM PARTICIPATING RESTAURANTS WERE DONATED TO THE FOLLOWING ORGANIZATIONS. - HOUSTON FOOD BANK MONTGOMERY COUNTY FOOD BANK GALVESTON COUNTY FOOD BANK
THE ORGANIZATION COORDINATED EAT-DRINK-HTX IN FEBRUARY 2022. PROCEEDS FROM PARTICIPATING RESTAURANTS WERE DONATED TO THE FOLLOWING ORGANIZATIONS. - HOUSTON FOOD BANK CHILDREN AT RISK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Cappuccio President | Officer | 30 | $50,000 |
Anthony Stone Director | Officer | 1 | $0 |
Melissa Stevens Director | Officer | 1 | $0 |
Arthur Mooradian Director | Officer | 1 | $0 |
Robert Fellner Secretary/treasurer | Officer | 1 | $0 |
Ben Berg Director | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,480,841 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,480,841 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $74,464 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,555,305 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,263,737 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $50,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,575 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,825 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,755 |
| Fees for services: Accounting | $22,342 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,121 |
| Office expenses | $17,167 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,615 |
| Travel | $27 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,277 |
| All other expenses | $7,272 |
| Total functional expenses | $1,493,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,654 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $300 |
| Total assets | $199,954 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,749 |
| Total liabilities | $8,749 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $191,205 |
| Total liabilities and net assets/fund balances | $199,954 |
Grants Awarded
Over the last fiscal year, Cleverley Stone Foundation has awarded $1,263,737 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HOUSTON FOOD BANK PURPOSE: PROCEEDS FROM HRW AND EAT DRINK HTX | $1,149,284 |
STAR OF HOPE PURPOSE: PROCEEDS FROM HRW AND EAT DRINK HTX | $12,083 |
GALVESTON COUNTY FOOD BANK PURPOSE: PROCEEDS FROM HRW AND EAST DRINK HTX | $22,592 |
MONTGOMERY COUNTY FOOD BANK PURPOSE: PROCEEDS FROM HRW AND EAT DRINK HTX | $79,778 |