H G Clay Foundation EIN 85-6232143 Form 990 (PDF) Claim this org

H G Clay Foundation

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Improves the lives of the world's marginalized people. For fiscal year 2024 it reported $-8.2M in revenue, $704K in expenses, and $3.3M in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Millbrook, AL
Website
www.hgclayfoundation.org
Filings
4 on file (2021–2024)
Revenue
$-8.2MFY2024
Expenses
$704K
Net assets
$3.3M
People
7
Filings
4
Updates
0
More identity details & actions ⌄
EIN  85-6232143 Public foundation / grantmaker Millbrook, AL
Form 990 (PDF)
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Size
<$100K
What they do
Improves the lives of the world's marginalized people.
Leadership
Joshua Thompson · CFO and Trustee · $84K
Money in and out
$-8.2M revenue, $704K expenses
Bottom line
80% program efficiency
Grants paid & assets · FY2024
Total revenue
$-8.2M
Pt VIII · Ln 12
Total expenses
$704K
Pt IX · Ln 25
Net assets
$3.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$8.9M
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.20 Fundraising $0.00
Program efficiency
80%
of spending reaches programs▼ -4% vs prior filing year
Operating runway
53.1mo
months of highly liquid reserves at operating expense rate▼ -70% vs prior filing year
Goes to people
31%
of spending is salaries & benefits▲ +8% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$-8.2M
FY2024▼ -1274%
Expenses
$704K
FY2024▼ -15%
Total assets
$3.3M
FY2024▼ -73%
Total liabilities
$0
FY2024
Total revenue
$-8.2M
Pt VIII · Ln 12
Total expenses
$704K
Pt IX · Ln 25
Net assets
$3.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$8.9M
Total assetsPt X · Ln 16$3.3M
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $565K of program spending, described in the organization's own filed words · FY2024.
01

Investments from capital contributions used to pay program expenses and contribute grants to other charitable organizations.

$565Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CH G Clay Foundation
EINHdr · item D85-6232143
Principal addressHdr · item CMillbrook, AL
WebsiteHdr · item Jwww.hgclayfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFJul 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
CFO and Trustee
$83,708Pt VII · Sec A
Executive Director
$82,344Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Joshua Thompson’s $84K as CFO and Trustee is at the 93rd percentile of top reported officer pay among 129 <$100K philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Charles Daniel Thompson$82,344$87,495$78,833$74,419
Joshua Thompson$83,708$87,133$79,515$72,072

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.20 Fundraising $0.00
Program services80%$565K
Management & general20%$139K
Fundraising$260
Total functional expensesLn 25$704K

Balance Sheet

Part X · end of year
CashLn 1$1.6M
Total assetsLn 16$3.3M
Total liabilitiesLn 26$0
Total net assetsLn 32$3.3M
Months of cash on handcomputed27.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.1M · Operating expenses/yr $704K
53.1 months
Where the money goes
Program services
Program services $565K · Total expenses $704K
80%
Management & General
Management & general $139K · Total expenses $704K
20%
Fundraising
Fundraising $260 · Total expenses $704K
0.04%
Cost to raise $1
Fundraising expense (3-yr avg) $628 · Solicited contributions (3-yr avg) $776
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1K · Total revenue $-8.2M
Government reliance
Government grants — · Total revenue $-8.2M
Earned-income share
Program service revenue $0 · Total revenue $-8.2M
Investment reliance
Investment income $-8.2M · Total revenue $-8.2M
Program self-sufficiency
Program service revenue $0 · Total expenses $704K
0%
Growth & trend
Revenue growth (YoY)
This year $-8.2M · Prior year $702K
-1274%
Net-asset trend (YoY)
End of year $3.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $-8.2M · Expenses $704K
Liabilities-to-Assets
Total liabilities — · Total assets $3.3M
Net-asset ratio
Net assets $3.3M · Total assets $3.3M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.5M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.3M
46%
People & payroll
Highest Reported Total Compensation
Individual Joshua Thompson · Reported title CFO AND TRUSTEE · Highest reported compensation $84K · Total expenses $704K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $219K · Total expenses $704K
31%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 20%
Fundraising cost ratio 24%
Revenue growth -1274%

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.

Grants

Schedule I · this organization's grantmaking
Grants paid · 111 grants · $2.1M · 2021–2024
City HopeFY2024$32,000
Northwest UniversityWA · FY2024$25,000
Church of the ApostlesFY2024$22,000
Rolling for HopeFY2024$20,000
Trinity on the BorderFY2024$14,000
Victory Health Partners INCAL · FY2024$14,000
Dwell MobileAL · FY2024$14,000
Whaley RanchAL · FY2024$10,000
West Alabama Food Bank INCAL · FY2024$10,000
Boy & Girls Club of South AlabamaFY2024$10,000
Light of the VillageFY2024$9,000
First Light CommunityFY2024$9,000
Ecumenical Ministries INCAL · FY2024$9,000
Dumas WesleyFY2024$9,000
Baldwin County Child Advocacy CenterFY2024$9,000
Camille PlaceAL · FY2024$9,000
See all 111 grants →

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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)$-8.2M revenue · viewing · ⤓ 990 PDF
FY2023$702K revenue · ⤓ 990 PDF
FY2022$1.1M revenue · ⤓ 990 PDF
FY2021$799K 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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