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Clark Foundation EIN 13-5616528 Form 990 (PDF) Claim this org

Clark Foundation FY2022 filing

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A private foundation based in Cooperstown, NY. It reported about $72.5M in revenue for 2022. For fiscal year 2022 it reported $72.5M in revenue, $39.5M in expenses, and $476.5M in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Cooperstown, NY
Filings
5 on file (2020–2022)
Revenue
$72.5MFY2022
Expenses
$39.5M
Net assets
$476.5M
People
16
Filings
5
Updates
0
More identity details & actions ⌄
EIN  13-5616528 Private foundation / grantmaker Cooperstown, NY
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$10–100M
What they do
A private foundation based in Cooperstown, NY. It reported about $72.5M in revenue for 2022.
Leadership
Jane F Clark · President/ Director
Money in and out
$72.5M revenue, $39.5M expenses
Bottom line
—
Grants paid & assets · FY2022
Total revenue
$72.5M
Pt VIII · Ln 12
Total expenses
$39.5M
Pt IX · Ln 25
Net assets
$476.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $33.0M
Total assets
476.6M
deployed as grants and operations
Grants paid
23.2M
in FY2022
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 2022 · Form 990-T
Revenue
$72.5M
FY2022▲ +407%
Expenses
$39.5M
FY2022▲ +5%
Total assets
$476.6M
FY2022▲ +7%
Total liabilities
$111K
FY2022▲ ×14
Total revenue
$72.5M
Pt VIII · Ln 12
Total expenses
$39.5M
Pt IX · Ln 25
Net assets
$476.5M
Pt X · Ln 32
Total assetsPt II$476.6M

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 · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Jane F Clark
President/ Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Douglas Bauer
Secretary
$0Pt VII · Sec A
$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
See Clark Foundation executive salaries →

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Statement of Revenue

Part VIII
Other revenue$69.2M · 95%
Investment income$3.3M · 5%
Other revenue95%$69.2M
Investment income5%$3.3M
Contributions & grants$2K
Total revenueLn 12$72.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.59 Operating & administrative $0.41
Grants & contributions paid59%$23.2M
Operating & administrative41%$16.3M
Total functional expensesLn 25$39.5M

Balance Sheet

Part X · end of year
CashLn 1$39.0M
Total assetsLn 16$476.6M
Total liabilitiesLn 26$111K
Total net assetsLn 32$476.5M
Months of cash on handcomputed11.9

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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 · ⤓ 990 PDF
FY2023$10.6M revenue · ⤓ 990 PDF
FY2022$72.5M revenue · viewing · ⤓ 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) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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