The Clark James Foundation INC

Tax-deductible

Wilmington, NC501(c)(3)Since 2010Human ServicesEIN 35-2364483

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The Corporation is organized, and at all times shall be operated, exclusively for the benefit of, to perform the functions of, or to carry out the purposes of Good Shepherd Ministries of Wilmington, Inc.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Run by 8 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $309K a year · 54% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $52K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
+541% vs prior year
Spent
$246K
To programs
92%
Net assets
$6.4M
By yearFY2020–FY2025
Revenue
$2.0M
FY2025▲ +541%
Revenue by fiscal year
FY2020$243K
FY2021$486K
FY2022$194K
FY2023$219K
FY2024$311K
FY2025$2.0M
Expenses
$246K
FY2025▼ -19%
Expenses by fiscal year
FY2020$251K
FY2021$267K
FY2022$291K
FY2023$233K
FY2024$303K
FY2025$246K
Net assets
$6.4M
FY2025▲ +9%
Net assets by fiscal year
FY2020$5.7M
FY2021$6.2M
FY2022$5.0M
FY2023$5.5M
FY2024$5.9M
FY2025$6.4M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $227K Management & general 8% · $19K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Clark James Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports Good Shepherd Ministries of Wilmington, Inc. in its charitable work.

Provided by the organization

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1 program service account for $227K of program spending, described in the organization's own filed words · FY2025.
01

The Corporation is organized, and at all times shall be operated, exclusively for the benefit of, to perform the functions of, or to carry out the purposes of Good Shepherd Ministries of Wilmington, Inc. During 2025, The Clark James Foundation distributed approximately $226,972 to Good Shepherd Ministries of Wilmington, Inc.

$227Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2021
Total grants receivedfrom 1 funder$52K
Grants paid · 6 grants · $1.5M · 2020–2025

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Investment incomeLn 3$2.0M
Money outPt IX
$246K
Ln 25
Programscol B$227K
Managementcol C$19K
Owns and owesPt X
$6.4M
net assets · Ln 32
Cash and savingsLn 1–2$169K
Total assetsLn 16$6.4M
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$2.0M
Gains on assetsLn 7$1.8M
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$4K
SavingsLn 2$166K
Cash and savings togetherLn 1–2$169K
InvestmentsLn 11–13$6.2M
Total assetsLn 16$6.4M
LiabilitiesLn 26$0
Net assetsLn 32$6.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$327K$169K
InvestmentsLn 11–13$5.5M$6.2M
Total assetsLn 16$5.9M$6.4M
LiabilitiesLn 26$0$0
Net assetsLn 32$5.9M$6.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$227K$227K
Accounting feesLn 11c$1K$1K
Investment management feesLn 11f$16K$16K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$812$812
Total functional expensesLn 25$246K$227K$19K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.0M$246K$1.7M$6.4M 990 PDF
FY2024 $311K$303K$8K$5.9M 990 PDF
FY2023 $219K$233K−$14K$5.5M 990 PDF
FY2022 $194K$291K−$97K$5.0M 990 PDF
FY2021 $486K$267K$219K$6.2M 990 PDF
FY2020 $243K$251K−$8K$5.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $1,989,381 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $181,217$181,217
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,808,164$1,808,164
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,989,381$1,989,381
Part IX · Statement of functional expenses $246,294 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $226,972$226,972
IX-11c Accounting feesManagement $1,300$1,300
IX-11f Investment management feesManagement $15,534$15,534
IX-23 InsuranceManagement $1,676$1,676
IX-24 Other expenses (24a–d)Management $812$812
IX-25 Total functional expensesPrograms $226,972 · Management $19,322 · Fundraising $0$246,294
Part X · Balance sheet $6,386,149 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $327,095$3,728
X-2 Savings and temporary cash investments$165,739
X-11 Publicly traded securitiesStart of year $5,534,201$6,216,682
X-16 Total assetsStart of year $5,861,296$6,386,149
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $100,000$100,000
X-28 Net assets with donor restrictionsStart of year $5,761,296$6,286,149
X-32 Total net assets or fund balancesStart of year $5,861,296$6,386,149
X-33 Total liabilities and net assetsStart of year $5,861,296$6,386,149
Part XI · Reconciliation of net assets $6,386,149 net assets at year end
XI-1 Total revenue$1,989,381
XI-2 Total expenses$246,294
XI-3 Revenue less expenses$1,743,087
XI-4 Net assets at start of year$5,861,296
XI-5 Net unrealized gains (losses) on investments−$1,221,416
XI-9 Other changes in net assets$3,182
XI-10 Net assets at end of year$6,386,149

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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