Clark Foundation Inc

High Point, NC
Tax-exempt since Jan. 2001
EIN: 56-2223653

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$60.9k (2023)

Expenses

$81.9k (2023)

Total Assets

$1.1M (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$60,930

Expenses

$81,915

Net Income

-$20,985

Net Assets

$1,100,038

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$27,409	45.0%
Sales of Assets	$33,521	55.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$61,400	75.0%
Compensation of Officers*	$10,000	12.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,100,038
Total Liabilities	$0
Net Assets	$1,100,038

Compensation

Key Employees and Officers	Compensation	Other
Mark Clark (V President)	$2,500	$0
Susan Clark (Sec/Tres)	$2,500	$0
Matthew Clark (Director)	$2,500	$0
Katherine Patterson (Director)	$2,500	$0

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990-PF

Filed on May 15, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$45,878

Expenses

$91,624

Net Income

-$45,746

Net Assets

$1,121,023

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$22,626	49.3%
Sales of Assets	$23,252	50.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$68,750	75.0%
Compensation of Officers*	$12,500	13.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,121,023
Total Liabilities	$0
Net Assets	$1,121,023

Compensation

Key Employees and Officers	Compensation	Other
Keith Clark (President)	$2,500	$0
Mark Clark (V President)	$2,500	$0
Susan Clark (Sec/Tres)	$2,500	$0
Matthew Clark (Director)	$2,500	$0
Katherine Patterson (Director)	$2,500	$0

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990-PF

Filed on May 14, 2023

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2021

Revenue

$144,532

Expenses

$85,383

Net Income

$59,149

Net Assets

$1,166,769

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$21,667	15.0%
Sales of Assets	$122,865	85.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$61,250	71.7%
Compensation of Officers*	$12,500	14.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,167,033
Total Liabilities	$264
Net Assets	$1,166,769

Compensation

Key Employees and Officers	Compensation	Other
Keith Clark (President)	$2,500	$0
Mark Clark (V President)	$2,500	$0
Susan Clark (Sec/Tres)	$2,500	$0
Matthew Clark (Director)	$2,500	$0
Katherine Patterson (Director)	$2,500	$0

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990-PF

Filed on May 13, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$53,510

Expenses

$88,911

Net Income

-$35,401

Net Assets

$1,107,619

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$21,209	39.6%
Sales of Assets	$32,301	60.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$64,249	72.3%
Compensation of Officers*	$15,000	16.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,107,620
Total Liabilities	$1
Net Assets	$1,107,619

Compensation

Key Employees and Officers	Compensation	Other
Keith Clark (President)	$3,000	$0
Mark Clark (V President)	$3,000	$0
Susan Clark (Sec/Tres)	$3,000	$0
Matthew Clark (Director)	$3,000	$0
Katherine Clark (Director)	$3,000	$0

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990-PF

Filed on July 15, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$69,723

Expenses

$82,193

Net Income

-$12,470

Net Assets

$1,143,020

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$26,461	38.0%
Sales of Assets	$43,262	62.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$63,900	77.7%
Compensation of Officers*	$7,500	9.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,143,021
Total Liabilities	$1
Net Assets	$1,143,020

Compensation

Key Employees and Officers	Compensation	Other
Keith Clark (President)	$1,500	$0
Mark Clark (V President)	$1,500	$0
Susan Clark (Sec/Tres)	$1,500	$0
Matthew Clark (Director)	$1,500	$0
Katherine Clark (Director)	$1,500	$0

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990-PF

Filed on June 23, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$93,937

Expenses

$81,706

Net Income

$12,231

Net Assets

$1,155,491

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$28,805	30.7%
Sales of Assets	$65,132	69.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$63,000	77.1%
Compensation of Officers*	$7,500	9.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,155,491
Total Liabilities	$0
Net Assets	$1,155,491

Compensation

Key Employees and Officers	Compensation	Other
Keith Clark (President)	$1,500	$0
Mark Clark (V President)	$1,500	$0
Susan Clark (Sec/Tres)	$1,500	$0
Matthew Clark (Director)	$1,500	$0
Katherine Clark (Director)	$1,500	$0

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990-PF

Filed on May 13, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$91,265

Expenses

$66,543

Net Income

$24,722

Net Assets

$1,143,260

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$24,073	26.4%
Sales of Assets	$67,192	73.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$48,950	73.6%
Compensation of Officers*	$7,500	11.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,143,260
Total Liabilities	$0
Net Assets	$1,143,260

Compensation

Key Employees and Officers	Compensation	Other
Keith Clark (President)	$1,500	$0
Mark Clark (V President)	$1,500	$0
Susan Clark (Sec/Tres)	$1,500	$0
Matthew Clark (Director)	$1,500	$0
Katherine Clark (Director)	$1,500	$0

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990-PF

Filed on May 15, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$40,860

Expenses

$65,673

Net Income

-$24,813

Net Assets

$1,118,538

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$25,883	63.3%
Sales of Assets	$14,977	36.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$55,550	84.6%
Compensation of Officers*	$7,500	11.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,118,538
Total Liabilities	$0
Net Assets	$1,118,538

Compensation

Key Employees and Officers	Compensation	Other
Keith Clark (President)	$1,500	$0
Mark Clark (V President)	$1,500	$0
Susan Clark (Sec/Tres)	$1,500	$0
Matthew Clark (Director)	$1,500	$0
Katherine Clark (Director)	$1,500	$0

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990-PF

Filed on May 10, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$77,152

Expenses

$81,583

Net Income

-$4,431

Net Assets

$1,143,351

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$24,645	31.9%
Sales of Assets	$52,507	68.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$71,050	87.1%
Compensation of Officers*	$7,500	9.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,143,351
Total Liabilities	$0
Net Assets	$1,143,351

Compensation

Key Employees and Officers	Compensation	Other
Keith Clark (President)	$1,500	$0
Mark Clark (V President)	$1,500	$0
Susan Clark (Sec/Tres)	$1,500	$0
Matthew Clark (Director)	$1,500	$0
Katherine Clark (Director)	$1,500	$0

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990-PF

Filed on May 13, 2016

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$97,231

Expenses

$71,405

Net Income

$25,826

Net Assets

$1,147,782

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$23,705	24.4%
Sales of Assets	$70,750	72.8%
Other Income	$2,776	2.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$63,000	88.2%
Compensation of Officers*	$7,000	9.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,147,782
Total Liabilities	$0
Net Assets	$1,147,782

Compensation

Key Employees and Officers	Compensation	Other
Keith Clark (President)	$1,400	$0
Mark Clark (V President)	$1,400	$0
Susan Clark (Sec/Tres)	$1,400	$0
Matthew Clark (Director)	$1,400	$0
Katherine Clark (Director)	$1,400	$0

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990-PF

Filed on May 13, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$79,492

Expenses

$59,693

Net Income

$19,799

Net Assets

$1,121,956

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$19,558	24.6%
Sales of Assets	$59,934	75.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$52,500	88.0%
Compensation of Officers*	$6,500	10.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,121,956
Total Liabilities	$0
Net Assets	$1,121,956

Compensation

Key Employees and Officers	Compensation	Other
Keith Clark (President)	$1,300	$0
Mark Clark (V President)	$1,300	$0
Susan Clark (Sec/Tres)	$1,300	$0
Matthew Clark (Director)	$1,300	$0
Katherine Clark (Director)	$1,300	$0

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990-PF

Filed on May 15, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$61,599

Expenses

$43,691

Net Income

$17,908

Net Assets

$1,102,156

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$25,398	41.2%
Sales of Assets	$36,201	58.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$38,200	87.4%
Compensation of Officers*	$5,200	11.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,102,157
Total Liabilities	$1
Net Assets	$1,102,156

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$28,329

Expenses

$50,603

Net Income

-$22,274

Net Assets

$1,084,249

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$33,526	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$50,603	100%
Compensation of Officers*	$5,000	9.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,084,249
Total Liabilities	$0
Net Assets	$1,084,249

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Clark Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $60.9k (2023)

Expenses $81.9k (2023)

Total Assets $1.1M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$60.9k (2023)

Expenses

$81.9k (2023)

Total Assets

$1.1M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

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2022

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2021

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2020

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2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2001