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Clark Foundation EIN 13-5616528

Clark Foundation

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A private foundation based in Cooperstown, NY. It reported about $41.8M in revenue for 2024. For fiscal year 2024 it reported $41.8M in revenue, $37.2M in expenses, and $453.5M in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Cooperstown, NY
Filings
5 on file (2020–2024)
Revenue
$41.8MFY2024
Expenses
$37.2M
Net assets
$453.5M
People
14
Filings
5
Updates
0
More identity details & actions ⌄
EIN  13-5616528 Private foundation / grantmaker Cooperstown, NY
Form 990 (PDF)
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Size
$10–100M
What they do
A private foundation based in Cooperstown, NY. It reported about $41.8M in revenue for 2024.
Leadership
Jane F Clark · President/ Director
Money in and out
$41.8M revenue, $37.2M expenses
Bottom line
—
Grants paid & assets · FY2024
Total revenue
$41.8M
Pt VIII · Ln 12
Total expenses
$37.2M
Pt IX · Ln 25
Net assets
$453.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $4.6M
Total assets
453.7M
deployed as grants and operations
Grants paid
21.5M
in FY2024
Grants made
81grants
total in period
Payout rate
5%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 81 grants · $21.5M · 2024–2024
The Clark Foundation Scholarship ProgramFY2024$3,759,322
Clara Welch Thanksgiving Home INCNY · FY2024$1,500,000
Cooperstown Fire DepartmentFY2024$1,500,000
Fenimore Art MuseumNY · FY2024$870,000
Goddard Riverside Community CenterNY · FY2024$475,000
Uncommon Schools INCNY · FY2024$450,000
New Visions for Public Schools INCNY · FY2024$450,000
New York City Charter School CenterFY2024$400,000
City Harvest INCNY · FY2024$400,000
Bowery Residents Committee INCNY · FY2024$325,000
Women in Need INCFY2024$300,000
Mary Imogene Bassett HospitalNY · FY2024$300,000
East Side House SettlementFY2024$300,000
College for Every Studentbrilliant PathwaysFY2024$300,000
Fenimore Farm & Country VillageFY2024$280,000
Urban PathwaysFY2024$250,000
The Urban Assembly INCNY · FY2024$250,000
The Jewish Board of Family & Children's ServicesFY2024$250,000
See all 81 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV46
Average grantPart XV$266K
Median grantPart XV$175K
Largest grantPart XV$3.8M
Top cause focusNTEEHuman Services (15%)

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$41.8M
FY2024▲ +294%
Expenses
$37.2M
FY2024▼ -3%
Total assets
$453.7M
FY2024▲ +1%
Total liabilities
$239K
FY2024▲ +65%
Total revenue
$41.8M
Pt VIII · Ln 12
Total expenses
$37.2M
Pt IX · Ln 25
Net assets
$453.5M
Pt X · Ln 32
Total assetsPt II$453.7M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CClark Foundation
EINHdr · item D13-5616528
Principal addressHdr · item CCooperstown, NY
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T21)
Ruling yearIRS BMFMar 1932

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Jane F Clark
President/ Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Douglas B Bauer
Executive Director/Secretary
$0Pt VII · Sec A
Anthony J Fasano JR
Assist Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Faith Gay
Director
$0Pt VII · Sec A
Gates Helms Hawn
Vice President/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Clark Foundation executive salaries →

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Statement of Revenue

Part VIII
Other revenue$29.9M · 71%
Investment income$11.9M · 29%
Other revenue71%$29.9M
Investment income29%$11.9M
Total revenueLn 12$41.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.58 Operating & administrative $0.42
Grants & contributions paid58%$21.5M
Operating & administrative42%$15.7M
Total functional expensesLn 25$37.2M

Balance Sheet

Part X · end of year
CashLn 1$107.8M
Total assetsLn 16$453.7M
Total liabilitiesLn 26$239K
Total net assetsLn 32$453.5M
Months of cash on handcomputed34.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $453.7M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $41.8M
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $41.8M
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $41.8M · Prior year $10.6M
+294%
Revenue CAGR
FY2020 $26.6M · FY2024 $41.8M
+12%
Net-asset trend (YoY)
End of year $453.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $41.8M · Expenses $37.2M
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $453.7M
—
Net-asset ratio
Net assets $453.5M · Total assets $453.7M
100%
People & payroll
Highest Reported Total Compensation
Individual Jane F Clark · Reported title PRESIDENT/ DIRECTOR · Highest reported compensation $0 · Total expenses $37.2M
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 294%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$41.8M revenue · viewing · ⤓ 990 PDF
FY2023$10.6M revenue · ⤓ 990 PDF
FY2022$72.5M revenue · ⤓ 990 PDF
FY2021$14.3M revenue · ⤓ 990 PDF
FY2020$26.6M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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