Clark Family Foundation Inc
Clark Family Foundation consistently expends more than its annual revenue, drawing from substantial assets, with no reported officer compensation.
EIN: 208087487 · Naples, FL · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.5M |
| Total Expenses | $4.5M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $27,950,940 |
| Net Assets | $32.1M |
| Transparency Score | 85/100 |
Is Clark Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Clark Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Clark Family Foundation Inc
Clark Family Foundation Inc (EIN: 208087487) is a nonprofit organization based in Naples, FL, classified under NTEE code T20. The organization reported total revenue of $4.5M and total assets of $28.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clark Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Clark Family Foundation Inc is a mid-size nonprofit that has been operating for 19 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 28.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $4.5M |
| Surplus / Deficit | $-2,388,598 |
| Total Assets | $32.1M |
| Total Liabilities | $1 |
| Net Assets | $32.1M |
| Operating Margin | -114.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 86.3 months |
Financial Health Grade: B
In 2022, Clark Family Foundation Inc reported a deficit of $2.4M with expenses exceeding revenue, holds 86.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2022), Clark Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 28.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -36.1% | -0.3% | -6.9% |
| 2021 | +376.6% | +12.9% | -3.4% |
| 2020 | -69.8% | +72.7% | -8.4% |
| 2019 | +271.8% | +450.5% | +788.5% |
| 2015 | +117.8% | +51.8% | +4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Clark Family Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Clark Family Foundation Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the foundation, which is highly unusual for an organization with assets of $27,950,940 and annual expenses often exceeding $4 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Clark Family Foundation Inc's IRS 990 filings:
- Inconsistent revenue generation, making long-term financial forecasting challenging without a clear understanding of funding sources.
- Lack of detailed expense breakdown in summary data makes it difficult to precisely assess program efficiency without full 990 review.
Strengths
The following positive indicators were identified for Clark Family Foundation Inc:
- Zero reported officer compensation across all filings, indicating very low administrative overhead related to executive pay.
- Consistently high expenses relative to revenue in recent years, demonstrating a strong commitment to deploying assets for its mission.
- Very low liabilities ($1 across all filings) indicating a strong and stable financial position.
- Substantial asset base ($27,950,940) provides significant capacity for future grantmaking.
Frequently Asked Questions about Clark Family Foundation Inc
Is Clark Family Foundation Inc a legitimate charity?
Clark Family Foundation Inc (EIN: 208087487) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 85/100. It has 9 years of IRS 990 filings on record. Total revenue: $4.5M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Clark Family Foundation Inc spend its money?
Clark Family Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Clark Family Foundation Inc tax-deductible?
Clark Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208087487). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Clark Family Foundation Inc CEO make?
Clark Family Foundation Inc's highest-compensated officer earns $27,950,940 annually. The organization reported $4.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Clark Family Foundation Inc's spending goes to programs?
Clark Family Foundation Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Clark Family Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Clark Family Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Clark Family Foundation Inc located?
Clark Family Foundation Inc is headquartered in Naples, Florida and files with the IRS under EIN 208087487. It is classified under NTEE code T20.
How many years of IRS 990 filings does Clark Family Foundation Inc have?
Clark Family Foundation Inc has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.5M in total revenue.
How does the Clark Family Foundation sustain its operations when expenses frequently exceed revenue?
The foundation sustains its operations by drawing from its substantial asset base, which was $27,950,940 in the latest period and has been as high as $39,007,704 in 2019. This indicates a strategy of distributing capital rather than relying solely on annual income.
What is the nature of the 'expenses' given the NTEE code T20 (Grantmaking Foundations) and the lack of officer compensation?
Given the NTEE code T20, the expenses are primarily grants and contributions made to other organizations or individuals, fulfilling its role as a grantmaking foundation. The lack of officer compensation suggests that administrative costs are either very low or covered by other means, such as volunteer efforts or external support.
Is the Clark Family Foundation transparent about its grant recipients and impact?
While the provided data indicates financial transparency regarding officer compensation and liabilities, the summary does not detail specific grant recipients or program impact. Further review of full 990 filings would be needed to assess transparency in these areas.
What caused the significant increase in assets from $4.3 million in 2015 to $39 million in 2019?
The data shows a substantial increase in assets between 2015 ($4,390,365) and 2019 ($39,007,704). This dramatic growth likely resulted from a significant endowment, large donations, or substantial investment gains during that period.
Filing History
IRS 990 filing history for Clark Family Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Clark Family Foundation Inc's revenue has grown by 1420.7%, moving from $137K to $2.1M. Total assets increased by 661% over the same period, from $4.2M to $32.1M. Total functional expenses rose by 5276.8%, from $83K to $4.5M. In its most recent filing year (2022), Clark Family Foundation Inc reported a deficit of $2.4M, with expenses exceeding revenue. The organization holds $1 in liabilities against $32.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $32.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $2.1M | $4.5M | $32.1M | $1 | — | View 990 |
| 2021 | $3.3M | $4.5M | $34.5M | $1 | — | View 990 |
| 2020 | $683K | $4.0M | $35.7M | $1 | — | View 990 |
| 2019 | $2.3M | $2.3M | $39.0M | $1 | — | View 990 |
| 2015 | $608K | $417K | $4.4M | $1 | — | View 990 |
| 2014 | $279K | $275K | $4.2M | $1 | — | View 990 |
| 2013 | $191K | $220K | $4.2M | $1 | — | View 990 |
| 2012 | $21K | $17K | $4.2M | $1 | — | View 990 |
| 2011 | $137K | $83K | $4.2M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $2.1M, expenses of $4.5M, and assets of $32.1M (revenue -36.1% year-over-year).
- 2021: Revenue of $3.3M, expenses of $4.5M, and assets of $34.5M (revenue +376.6% year-over-year).
- 2020: Revenue of $683K, expenses of $4.0M, and assets of $35.7M (revenue -69.8% year-over-year).
- 2019: Revenue of $2.3M, expenses of $2.3M, and assets of $39.0M (revenue +271.8% year-over-year).
- 2015: Revenue of $608K, expenses of $417K, and assets of $4.4M (revenue +117.8% year-over-year).
- 2014: Revenue of $279K, expenses of $275K, and assets of $4.2M (revenue +46.4% year-over-year).
- 2013: Revenue of $191K, expenses of $220K, and assets of $4.2M (revenue +793.4% year-over-year).
- 2012: Revenue of $21K, expenses of $17K, and assets of $4.2M (revenue -84.4% year-over-year).
- 2011: Revenue of $137K, expenses of $83K, and assets of $4.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Clark Family Foundation Inc:
Data Sources and Methodology
This transparency report for Clark Family Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.