R & M Clark Family Foundation
- Assets
- $5.4m
- Revenue
- $2.3m
- Investments
- $5.4m
- Employees
- 0
- Location
- Edina, MN
- Founding
- 06/1995
- Data as of
- 12/2022
- EIN
- 86-0778653
Organization Overview
R & M Clark Family Foundation is located in Edina, MN. 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. R & M Clark 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, R & M Clark Family Foundation generated $2.3m in total revenue. All expenses for the organization totaled $350.1k during the year ending 12/2022. While expenses have increased by 5.8% 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.
Since 2020, R & M Clark Family Foundation has awarded 171 individual grants totaling $925,500. 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 |
|---|---|---|---|
Carole Lee Randall President/director | 0 | $0 | |
Thomas E Clark Vice President/director | 0 | $0 | |
James W Clark Secretary/treasurer/direct | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $94,520 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,212,266 |
| Capital Gain Net Income | $2,212,266 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,306,786 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,922 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $35,071 |
| Contributions, gifts, grants paid | $315,000 |
| Total expenses and disbursements | $350,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,991 |
| 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 | $7,120 |
| Total assets | $5,444,918 |
| 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, R & M Clark Family Foundation has awarded $315,000 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
ALEE SHRINERS PURPOSE: GENERAL FUND | $1,500 |
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL FUND | $4,250 |
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL FUND | $20,000 |
ANGEL HAIR FOUNDATION PURPOSE: GENERAL FUND | $2,125 |
AMERICA RED CROSS SW OREGON CHAPTER) PURPOSE: GENERAL FUND | $6,375 |
BAGS OF LOVE PURPOSE: GENERAL FUND | $1,700 |