The Clark Foundation
Nonprofit profile at a glance
- EIN
- 135616528
- IRS 990-PF coverage
- 2010–2024
- Forms available
- Form 990-PF 2024, Form 990-T 2024
- Location
- New York, NY, USA
- Phone
- 2129776900
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Corporate Foundations
Reported finances
- Revenue
- $41,818,055
- Expenses
- $37,197,394
Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.
Overview
Mission
Corporate Foundations
What it reported funding in 2024
The foundation reported 81 grants totaling $21,507,672. The stated grant purposes included general operating support, general operating support for nyc programs, and general operating support for nyc's bard high school early colleges, plus 22 other reported purposes.
Operating model
- Revenue model
- Other-operating. 71% of the foundation's positive operating resources came from other operating revenue.
- Distribution model
- Grant intermediary. The foundation distributed 72% of its reported charitable disbursements as grants.
The verdict
STRONG - A large share of available resources goes to charitable grants and the filing identifies who received its grants. A relatively small share of spending goes to grants and assets provide a limited cushion relative to annual grants.
Rating breakdown
- Grant Deployment: 100
- Cost Efficiency: 58
- Transparency: 100
- Compliance: 94
- Endowment Health: 53
Detailed rating inputs
Grant Deployment
- Grant deployment ratio: 100%; rating input score 100; 69th percentile among comparable filings
Cost Efficiency
- Grant expense ratio: 57.8%; rating input score 58; 18th percentile among comparable filings
Transparency
- Grant recipient disclosure: Yes; rating input score 100
Compliance
- Part VII-B activity disclosures: 17 of 19 controls in place; rating input score 89
- Property sale or exchange with a disqualified person: Pass
- Borrowing from or lending to a disqualified person: Pass
- Goods, services, or facilities involving a disqualified person: Fail
- Compensation paid to a disqualified person: Fail
- Assets transferred to a disqualified person: Pass
- Payment to a government official: Pass
- Uncorrected prior self-dealing: Pass
- Prior-year undistributed income: Pass
- Excess business holdings: Pass
- Investments that may jeopardize charitable purposes: Pass
- Uncorrected prior-year jeopardizing investments: Pass
- Attempt to influence legislation: Pass
- Attempt to influence an election: Pass
- Grants to individuals: Pass
- Grants to organizations: Pass
- Spending for a noncharitable purpose: Pass
- Funds received for a personal-benefit contract: Pass
- Premiums paid on a personal-benefit contract: Pass
- Prohibited tax-shelter transaction: Pass
- Filing consistency checks: 10; rating input score 100
Endowment Health
- Endowment-health comparison: 21.09; rating input score 53; 53rd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Grants: 100% of grant recipient detail disclosed
- Payout: At least 100% grant deployment rate
- Trustees: Filed trustees detail
- Self-dealing: 100% of reviewed questions answered “No”
- Investments: 53th percentile for endowment coverage
- Consistency: 10 of 10 current checks pass
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 91 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Cost Efficiency: Grant expense ratio scored 58/100.
- Review — Endowment Health: Endowment-health comparison scored 53/100.
- Review — Compliance: Part VII-B activity disclosures: 2 of 19 not reported.