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Clarence Day Foundation

Tax-deductible

Memphis, TN501(c)(3)EIN 62-1441490Revenue $100K in FY2025

On file with the IRScfgm.org1900 Union Ave, 38104-4029 · Memphis, TNTax-exempt since Nov 1991Supporting organization — 509(a)(3)

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The primary exempt purpose of the organization is to assist the Community Foundation of Greater Memphis, Inc. in carrying out its charitable mission.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Run by 3 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
2 of 5
filings with a surplus
Average deficit $334K a year · 1361% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 7 voting members
Looks good: 4 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$100K
Spent
$1.8M
To programs
99%
Net assets
$52K
By yearFY2021–FY2025
Revenue
$100K
FY2025
Tap a bar for its year
Revenue by fiscal year
FY2021$8K
FY2022$8K
FY2023$8K
FY2024$0
FY2025$100K
Expenses
$1.8M
FY2025▲ ×168
Tap a bar for its year
Expenses by fiscal year
FY2021$8K
FY2022$8K
FY2023$11K
FY2024$10K
FY2025$1.8M
Net assets
$52K
FY2025▼ -97%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.7M
FY2022$1.7M
FY2023$1.7M
FY2024$1.7M
FY2025$52K

From the FY2025 Form 990 (year ending April 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1991.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $1.7M Management & general 1% · $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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Barbara S Mora
Assistant Secretary
$0Pt VII · Sec A
Gary Zwierzynski
Treasurer Start 9.3.24
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Clarence Day Foundation 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 15aYes

Programs and updates

Supports a community foundation in achieving its charitable goals.

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Provided by the organization

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1 program · $1.7M · in their own filed words · FY2024
01

The foundation's only program is to accept property for use exclusively for religious, charitable, scientific, literary, or educational purposes primarily in and for the benefit of memphis and shelby county.

$1.7Mprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$100K
Ln 12
Gifts and grantsLn 1h$100K
Money outPt IX
$1.8M
Ln 25
Programscol B$1.7M
Managementcol C$19K
Owns and owesPt X
$52K
net assets · Ln 32
Cash and savingsLn 1–2$52K
Total assetsLn 16$52K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$100K
Total revenueLn 12$100K
Assets in detailPt X, end of year
CashLn 1$52K
Cash and savings togetherLn 1–2$52K
Other assetsLn 15$0
Total assetsLn 16$52K
LiabilitiesLn 26$0
Net assetsLn 32$52K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderApril
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2−$22K$52K
Total assetsLn 16$1.7M$52K
LiabilitiesLn 26$0$0
Net assetsLn 32$1.7M$52K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.7M$1.7M
Management feesLn 11a$8K$8K
Legal feesLn 11b$16K$16K
Accounting feesLn 11c$3K$3K
Total functional expensesLn 25$1.8M$1.7M$19K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $100K$1.8M−$1.7M$52K 990 PDF
FY2024 $0$10K−$10K$1.7M 990 PDF
FY2023 $8K$11K−$4K$1.7M 990 PDF
FY2022 $8K$8K$0$1.7M 990 PDF
FY2021 $8K$8K$0$1.7M 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 (6 parts)
Part I · Summary $100,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$100,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $0$100,000
I-13 Grants and similar amounts paidPrior year $0$1,727,600
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $10,470$26,441
I-18 Total expensesPrior year $10,470$1,754,041
I-19 Revenue less expensesPrior year −$10,470−$1,654,041
Part VI · Governance 4 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $100,000 across 3 lines filed
VIII-1f All other contributions, gifts and grants$100,000
VIII-1h Total contributions, gifts and grants$100,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$100,000
Part IX · Statement of functional expenses $1,754,041 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $1,727,600$1,727,600
IX-11a Management feesPrograms $7,500$7,500
IX-11b Legal feesManagement $15,801$15,801
IX-11c Accounting feesManagement $3,140$3,140
IX-25 Total functional expensesPrograms $1,735,100 · Management $18,941 · Fundraising $0$1,754,041
Part X · Balance sheet $51,942 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year −$21,617$51,942
X-15 Other assetsStart of year $1,727,600$0
X-16 Total assetsStart of year $1,705,983$51,942
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,705,983$51,942
X-32 Total net assets or fund balancesStart of year $1,705,983$51,942
X-33 Total liabilities and net assetsStart of year $1,705,983$51,942
Part XI · Reconciliation of net assets $51,942 net assets at year end
XI-1 Total revenue$100,000
XI-2 Total expenses$1,754,041
XI-3 Revenue less expenses−$1,654,041
XI-4 Net assets at start of year$1,705,983
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$51,942

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

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