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Nonprofiteer
← CLAYTON FOUNDATION

Form 990 for tax year 2022

Filed by CLAYTON FOUNDATION.

Totals

Total revenue
$3,333,954
Total expenses
$251,078
Contributions and grants received
$0
Grants paid
$30,000
Program service revenue
$0
Investment income
$3,333,954
Other revenue
$0
Total assets, end of year
$131,065,075
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$131,065,075
Program services expenses (Part IX)
$35,820
Management and general expenses
$215,258
Fundraising expenses
$0
Program service expenses (Part III)
$35,820

Program services were 14.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $2,169,222 · excluded $2,169,222

  • 7a · Gross sales of assets other than inventory

    securities $14,386,517

  • 7b · Less cost or other basis and sales expenses

    securities $13,221,785

  • 7c · Gain or loss

    securities $1,164,732

  • 7d · Net gain or loss

    total $1,164,732 · excluded $1,164,732

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $30,000 · program services $30,000

  • 11f · Fees: investment management

    total $215,258 · management and general $215,258

  • 23 · Insurance

    total $5,820 · program services $5,820

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,061,789 · end of year $1,099,522

  • 11 · Investments: publicly traded securities

    beginning of year $157,329,693 · end of year $129,965,553

  • 27 · Net assets without donor restrictions

    beginning of year $160,391,482 · end of year $131,065,075

Mission and programs · 2022

Mission

CLAYTON FOUNDATION WAS ESTABLISHED TO SUPPORT AND ENRICH SOCIAL, EDUCATIONAL, CULTURAL, AND ECONOMIC LIFE IN AND AROUND KNOXVILLE, TENNESSEE AND OTHER COMMUNITIES IN THE STATE OF TENNESSEE.

  • PROVIDE GRANT TO SUPPORTED ORGANIZATION, EAST TENNESSEE FOUNDATION, IN FURTHERANCE OF ITS MISSION.

    Expenses $30,000 · Grants $30,000

  • EXPENSES TO MAINTAIN AND/OR SELL DONATED PROPERTIES.

    Expenses $5,820

As filed on the 2022 return.

Listed in Part VII

  • Mr James L Clayton

    PRESIDENT &

    Total calculated
    $0
    Hours/week
    1

  • Mr Kevin T Clayton

    SPECIAL DIRE

    Total calculated
    $0
    Hours/week
    0.2

  • Ms Lucy Hand

    REGULAR DIRE

    Total calculated
    $0
    Hours/week
    0.2

  • Mr Hallerin H Hill

    REGULAR DIRE

    Total calculated
    $0
    Hours/week
    0.2

  • Mr Raja J Jubran

    REGULAR DIRE

    Total calculated
    $0
    Hours/week
    0.2

  • Mr Kevin Wilder

    SECRETARY

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343199349309209

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