Civic Intelligence

The Thomas D Clark Foundation Inc

EIN 61-1259085 • 501(c)3 • Lexington, KY

Profile

The foundations's purpose is to support education, especially the work of the university press of kentucky whose publications include books and educational materials about kentucky.

997 Governors Lane Ste 150Lexington, KY 40513

www.thomasdclarkfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

17th percentile

-16%

Higher net margin than 17% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

62nd percentile

8.4%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

69th percentile

21%

Faster revenue growth than 69% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,662,530

Up $359,414 (+8.4%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$4,662,530

Up $359,414 (+8.4%) from 2023

Revenue

Up

$157,618

Up $27,287 (+21%) from 2023

Expenses

Down

$183,507

Down $11,813 (-6.0%) from 2023

Net Income

Up

-$25,889

Up $39,100 (+60%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $2,011,733Liabilities 2011: $0Net Assets 2011: $2,011,7332011Assets 2012: $2,187,720Liabilities 2012: $0Net Assets 2012: $2,187,7202012Assets 2013: $2,636,666Liabilities 2013: $0Net Assets 2013: $2,636,6662013Assets 2014: $2,804,660Liabilities 2014: $0Net Assets 2014: $2,804,6602014Assets 2015: $2,752,383Liabilities 2015: $0Net Assets 2015: $2,752,3832015Assets 2016: $3,077,355Liabilities 2016: $0Net Assets 2016: $3,077,3552016Assets 2017: $3,447,179Liabilities 2017: $0Net Assets 2017: $3,447,1792017Assets 2018: $3,214,241Liabilities 2018: $0Net Assets 2018: $3,214,2412018Assets 2019: $3,722,877Liabilities 2019: $0Net Assets 2019: $3,722,8772019Assets 2020: $4,011,663Liabilities 2020: $0Net Assets 2020: $4,011,6632020Assets 2021: $4,455,885Liabilities 2021: $0Net Assets 2021: $4,455,8852021Assets 2022: $3,890,583Liabilities 2022: $0Net Assets 2022: $3,890,5832022Assets 2023: $4,303,116Liabilities 2023: $0Net Assets 2023: $4,303,1162023Assets 2024: $4,662,530Liabilities 2024: $0Net Assets 2024: $4,662,5302024

Highlighted filing

2024

Assets$4,662,530
Liabilities$0
Net Assets$4,662,530

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $69,534Expenses 2011: $53,363Net Income 2011: $16,1712011Revenue 2012: $42,006Expenses 2012: $56,169Net Income 2012: -$14,1632012Revenue 2013: $89,579Expenses 2013: $74,106Net Income 2013: $15,4732013Revenue 2014: $66,141Expenses 2014: $40,540Net Income 2014: $25,6012014Revenue 2015: $64,721Expenses 2015: $44,066Net Income 2015: $20,6552015Revenue 2016: $66,777Expenses 2016: $40,870Net Income 2016: $25,9072016Revenue 2017: $81,050Expenses 2017: $92,344Net Income 2017: -$11,2942017Revenue 2018: $116,403Expenses 2018: $92,862Net Income 2018: $23,5412018Revenue 2019: $127,016Expenses 2019: $152,757Net Income 2019: -$25,7412019Revenue 2020: $91,272Expenses 2020: $133,654Net Income 2020: -$42,3822020Revenue 2021: $158,567Expenses 2021: $257,668Net Income 2021: -$99,1012021Revenue 2022: $87,127Expenses 2022: $121,169Net Income 2022: -$34,0422022Revenue 2023: $130,331Expenses 2023: $195,320Net Income 2023: -$64,9892023Revenue 2024: $157,618Expenses 2024: $183,507Net Income 2024: -$25,8892024

Highlighted filing

2024

Revenue$157,618
Expenses$183,507
Net Income-$25,889

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.66$0.00$4.66$0.16$0.18$0.03
2023Detailed filing. Detailed filing data is available for this year.$4.30$0.00$4.30$0.13$0.20$0.06
2022Detailed filing. Detailed filing data is available for this year.$3.89$0.00$3.89$0.09$0.12$0.03
2021Detailed filing. Detailed filing data is available for this year.$4.46$0.00$4.46$0.16$0.26$0.10
2020Detailed filing. Detailed filing data is available for this year.$4.01$0.00$4.01$0.09$0.13$0.04
2019Detailed filing. Detailed filing data is available for this year.$3.72$0.00$3.72$0.13$0.15$0.03
2018Detailed filing. Detailed filing data is available for this year.$3.21$0.00$3.21$0.12$0.09$0.02
2017Detailed filing. Detailed filing data is available for this year.$3.45$0.00$3.45$0.08$0.09$0.01
2016Detailed filing. Detailed filing data is available for this year.$3.08$0.00$3.08$0.07$0.04$0.03
2015Detailed filing. Detailed filing data is available for this year.$2.75$0.00$2.75$0.06$0.04$0.02
2014Summary only. Only limited summary data is available for this year.$2.80$0.00$2.80$0.07$0.04$0.03
2013Summary only. Only limited summary data is available for this year.$2.64$0.00$2.64$0.09$0.07$0.02
2012Summary only. Only limited summary data is available for this year.$2.19$0.00$2.19$0.04$0.06$0.01
2011Summary only. Only limited summary data is available for this year.$2.01$0.00$2.01$0.07$0.05$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 2, 1932
Return Version
2024v5.0
Gross Receipts
$157,618
Mission and Program Overview

Mission

The foundation's purpose is to support the educational efforts of the university press of kentucky by providing financial support for the publication of books and educational materials focusing on kentucky.

The foundation's purpose is to support education, especially the work of the university press of kentucky whose publications include books and educational materials about kentucky.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,296,639$4,655,776▲ $359,137
Cash and Non-Interest-Bearing Accounts$6,477$6,754▲ $277
Total Assets$4,303,116$4,662,530▲ $359,414
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,277,616$4,642,530▲ $364,914
Net Assets With Donor Restrictions$25,500$20,000▼ $5,500
Total Net Assets Fund Balance$4,303,116$4,662,530▲ $359,414
Total Liabilities and Net Assets / Fund Balance$4,303,116$4,662,530▲ $359,414

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$4,296,639$61,080▲ $481,841-$4,655,776
2023$3,876,943$62,106▲ $545,747-$4,296,639
2022$4,442,540$24,797▼ $469,225-$3,876,943
2021$3,966,469$42,109▲ $659,781-$4,442,540
2020$3,685,826$1,110▲ $387,681-$3,966,469
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$61,080
Program Service Revenue
$0
Investment Income
$96,538
Other Revenue
$0
All Other Contributions
$61,080
Change in Net Assets
$-25,889
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$122,500
Other Expenses$61,007
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$122,500--$122,500
Fees for Service Investment Mgmnt Fees-$35,784-$35,784
Fees for Services Lobbying-$10,600-$10,600
Fees for Services Legal-$1,369-$1,369
Insurance$1,005--$1,005
Fees for Services Accounting-$790-$790
Other Expenses$11,129$180-$180
Office Expenses$150--$150
Total Functional Expenses$134,784$48,723$0$183,507
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University Press of KentuckyLexington, KYGovPublishing Books$122,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Upon completed initial preparation of form 990 by cpa firm. A copy is made available to board members for their review. Each board member is given a reasonable period of time to review and make inquiries with regards to any issues disclosed in the return. Following the resolution of any questions or other issues that have arisen, the final form 990 is signed by the authorized signor and filed with the irs.

Form 990, Page 6, Part VI, Line 12C

Annually, the clark foundation board members are required to complete and sign a conflict of interest policy statement. The statements are reviewed and maintained by the treasurer.

Form 990, Page 6, Part VI, Line 19

The foundation makes its governing documents available upon request.

Form 990, Part VII

Ashley runyon, the director of the university press of kentucky, is a non- voting member of the foundation's board of directors.

Filing and Contact Details

Filer

Filer Name
The Thomas D Clark Foundation Inc
EIN
61-1259085
Phone
8592578436
Address
997 GOVERNORS LANE STE 150, LEXINGTON, KY 40513

Signing Officer

Name
William Francis
Title
President
Phone
8292292661
Signed
1932-11-02

Organization Details

Principal Officer
William Francis
Formed
1994
Legal Domicile
Ky
Voting Board Members
20
Independent Board Members
20
Employees
0

Preparer

Firm
Oberlander Financial Services Pllc
Address
997 GOVERNORS LANE STE 150, LEXINGTON, KY 40513
Preparer
Bradley P Oberlander CPA
Phone
8595523342
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IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt16EX - OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20VICE PRESIDE
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IRS990/MissionDesc0THE FOUNDATION'S PURPOSE IS TO SUPPORT EDUCATION, ESPECIALLY THE WORK OF THE UNIVERSITY PRESS OF KENTUCKY WHOSE PUBLICATIONS INCLUDE BOOKS AND EDUCATIONAL MATERIALS ABOUT KENTUCKY.
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IRS990/PrincipalOfficerNm0WILLIAM FRANCIS
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0UNIVERSITY PRESS OF KENTUCKY HAS A VERY SIGNIFICANT ROLE IN HOW THE FOUNDATION USES ITS ASSETS, DIRECTS ITS GRANTS. SPECIFICALLY, THE FOUNDATION RESPONDS TO UNIVERSITY PRESS OF KENTUCKY'S REQUESTS FOR FUNDING.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE FOUNDATION IN 2024 PROVIDED 122,500 IN DIRECT GRANTS TO THE UNIVERSITY PRESS OF KENTUCKY (UPK), THE FOUNDATION'S ONLY "SUPPORTED ORGANIZATION." THESE GRANTS INCLUDED 82,500 IN SPONSORSHIPS TO PUBLISH OR MAKE AVAILABLE BOOKS FROM UPK; 25,000 FOR THE PUBLICATION OF THE THOMAS D. CLARK MEDALLION BOOK; AND 15,000 FOR A NEW UPK IMPRINT, "SCREEN DOOR PRESS." THE FOUNDATION PROVIDED NO GRANTS TO ANY OTHER ORGANIZATION. JUST AS IN 2023, WHEN THE FOUNDATION MADE GRANTS TOTALING 141,000 TO UPK, THE FOUNDATION'S FINANCIAL ACTIVITIES FOCUSED ON SUPPORTING UPK. THE FOUNDATION RESPONDS TO UPK'S REQUESTS FOR FUNDING BY DISCUSSING AND APPROVING THEM AT THE RELEVANT COMMITTEE AND BOARD OF DIRECTOR LEVELS. THE DIRECTOR OF UPK, ASHLEY RUNYON, IS A NON-VOTING MEMBER OF THE FOUNDATION'S BOARD OF DIRECTORS AND PARTICIPATES ACTIVELY IN DISCUSSIONS WITH THE LEADERSHIP OF THE FOUNDATION AND THE FULL BOARD. IN ADDITION, DR. JAMES HOLSINGER IS A VOTING MEMBER OF THE FOUNDATION'S BOARD AND SERVES AS THE CHAIR OF UPK'S CONSORTIUM AND EDITORIAL BOARDS. HE ALSO SERVES AS THE FOUNDATION'S TREASURER. COMMUNICATIONS BETWEEN THE FOUNDATION AND UPK ARE REGULAR AND FREQUENT.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2THE FOUNDATION SUPPORTS UPK IN PART BY HELPING TO FUND IMPORTANT BOOKS ABOUT KENTUCKY AND THE REGION. THROUGH GRANTS, THE FOUNDATION HAS ALSO HELPED ENSURE UPK HAS UP-TO-DATE TECHNOLOGIES TO MEET THE DEMANDS OF MODERN PUBLISHING. IN ADDITION, THE FOUNDATION HAS FUNDED AND HOSTED EVENTS TO RECOGNIZE UPK BOOKS AND AUTHORS, AND THE FOUNDATION HAS SERVED AS A STRONG STATEWIDE ADVOCATE FOR THE PRESS. THESE ARE ALL ACTIVITIES THAT ARE IN DIRECT FURTHERANCE OF UPK'S PURPOSE, WHICH IS THE PUBLICATION OF BOOKS OF HIGH SCHOLARLY MERIT IN A VARIETY OF FIELDS AND THE PUBLICATION OF SIGNIFICANT BOOKS ABOUT THE HISTORY AND CULTURE OF KENTUCKY, THE OHIO VALLEY REGION, THE UPPER SOUTH, AND APPALACHIA. THESE ALSO ARE ALL ACTIVITIES THAT UPK WOULD PERFORM ITSELF IF NOT FOR THE FOUNDATION'S INVOLVEMENT.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION D, LINE 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION E, LINE 2A
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART IV, SECTION E, LINE 2B
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IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0BEGAN LOBBYING IN 2020.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART II-A
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