Clifton Foundation FY2023 filing

Tax-deductible

Waco, TX501(c)(3)Foundations & GrantmakersEIN 74-2832766Revenue $180K in FY2023

On file with the IRS4579 Lake Shore Dr, 76710-1814 · Waco, TXTax-exempt since Aug 1997Private non-operating foundation

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501(c)(3) charity; gifts are tax-deductible.
$34K paid to officers and key staff.
Status: IRS Pub. 78 · Pay: Part VII

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FY2023 · Form 990-PFIndependent: 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
FY2024
latest Form 990-PF
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $5K a year · 2% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
990-PF Pt I · 5 filings
Pay to officers and key staff
$34K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
990-PF Pt VIII
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
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.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$180K
-23% vs prior year
Spent
$261K
Net assets
$3.4M
By yearFY2020–FY2024
Revenue
$180K
FY2023▼ -23%
Tap a bar for its year
Revenue by fiscal year
FY2020$167K
FY2021$165K
FY2022$232K
FY2023$180K
FY2024$316K
Expenses
$261K
FY2023▲ +37%
Tap a bar for its year
Expenses by fiscal year
FY2020$243K
FY2021$188K
FY2022$190K
FY2023$261K
FY2024$202K
Net assets
$3.4M
FY2023▼ -0.7%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.3M
FY2021$3.5M
FY2022$3.4M
FY2023$3.4M
FY2024$3.7M

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1997.

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

Where the money goes

What each dollar paid for.

Grants & contributions paid 67% · $176K Operating & administrative 33% · $85K

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

3 people listed on the 990-PF; $34K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2023 filing did not itemize Part VII
$11,444Pt VII · Sec A
$11,444Pt VII · Sec A
Sec/Treas
$11,444Pt VII · Sec A
See Clifton Foundation executive salaries →

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Programs and updates

A private foundation based in Waco, TX.

Questions for Clifton Foundation

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Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 46 grants · $176K · 2023–2023
Caritas of WacoTX · FY2023$21,000
St Paul's AME ChurchFY2023$12,950
Waco Chamber Community Development FndFY2023$9,000
Vanguard FoundationTX · FY2023$6,000
Dr Pepper Museum and Free Enterprise InstituteFY2023$5,000
Waco FoundationTX · FY2023$5,000
Waco FoundationTX · FY2023$5,000
Central Texas Senior MinistriesFY2023$5,000
United Service Organizations INCFY2023$2,500
The Tstc FoundationTX · FY2023$2,500
Providence FoundationFY2023$2,500
National Park FoundationDC · FY2023$2,500
Waco FoundationTX · FY2023$1,500
Talitha Koum InstituteTX · FY2023$1,500
See all 46 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV25
Average grantPart XV$4K
Median grantPart XV$1K
Largest grantPart XV$45K
Top cause focusNTEEEducation (20%)

By the numbers

The FY2023 990-PF, line by line.

1The main four
Money in
$180K
Investment income$99K
Other income$81K
Money out
$261K
Grants paid$176K
Running costs$85K
Owns and owes
$3.4M
net assets
Cash and savings$23K
Total assets$3.4M
Liabilities$0
People
3
listed
Paid3
2In more detail
Revenue in detail
Investment income$99K
Other income$81K
Total revenue$180K
Assets in detailEnd of year
Cash and savings together$23K
Total assets$3.4M
Liabilities$0
Net assets$3.4M
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $316K$202K$114K$3.7M 990 PDF
FY2023 Viewing $180K$261K−$81K$3.4M 990 PDF
FY2022 $232K$190K$42K$3.4M 990 PDF
FY2021 $165K$188K−$23K$3.5M 990 PDF
FY2020 $167K$243K−$76K$3.3M 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

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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