Clementine Fund
- Assets
- $43.1m
- Revenue
- $2.4m
- Investments
- $36.0m
- Employees
- 0
- Location
- Tacoma, WA
- Founding
- 07/1999
- Data as of
- 12/2021
- EIN
- 91-1950165
Organization Overview
Clementine Fund is located in Tacoma, WA. The organization was established in 1999. 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. Clementine 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 12/2021, Clementine Fund generated $2.4m in total revenue. All expenses for the organization totaled $750.4k during the year ending 12/2021. While expenses have increased by 85.2% per year over the past 7 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, Clementine Fund has awarded 96 individual grants totaling $3,147,549. 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 |
|---|---|---|---|
Richard F Russell Executive Director & Board President | 24 | $120,000 | |
Zac Russell Senior Advisor & Board Vice President | 12 | $60,000 | |
June Martin Board Treasurer | 10 | $0 | |
Jileen Russell Board Secretary | 5 | $0 | |
Mariko Taniguchi-Russell Board Director | 5 | $0 | |
Chet Tchozewski Board Director | 5 | $25,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $374,165 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,040,645 |
| Capital Gain Net Income | $2,322,426 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $30,015 |
| Total Revenue | $2,444,825 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $90,000 |
| Other employee salaries and wages | $28,542 |
| Pension plans, employee benefits | $16,633 |
| Interest | $0 |
| Taxes | $125,167 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,925 |
| Printing and publications | $0 |
| Other expenses | $26,528 |
| Total operating and administrative expenses | $521,393 |
| Contributions, gifts, grants paid | $229,000 |
| Total expenses and disbursements | $750,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,313 |
| Savings and temporary cash investments | $1,487,599 |
| 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 | $12,986,307 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,623,032 |
| Total assets | $43,124,742 |
| Accounts payable and accrued expenses | $69,873 |
| 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 | $100,000 |
| Total liabilities | $169,873 |
Grants Awarded
Over the last fiscal year, Clementine Fund has awarded $1,341,624 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
CARE PURPOSE: CARES UKRAINE CRISIS FUND | $8,000 |
BRAC USA INC PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
COMMONWEAL PURPOSE: PARTNERS FOR YOUTH EMPOWERMENT (PYE) GLOBAL | $25,000 |
COMMUNITY FOUNDATION BOULDER COUNTY PURPOSE: SUPPORT FOR THE BOULDER COUNTY WILDFIRE FUND | $25,000 |
CRISIS CONNECTIONS PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
EDWARD CHARLES FOUNDATION PURPOSE: HEART OF DINNER PROJECT | $2,500 |