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Nonprofiteer
← CLAYTON FOUNDATION

Form 990 for tax year 2023

Filed by CLAYTON FOUNDATION.

Totals

Total revenue
$6,742,739
Total expenses
$132,126
Contributions and grants received
$2,560,000
Grants paid
$30,000
Program service revenue
$0
Investment income
$4,150,780
Other revenue
$31,959
Total assets, end of year
$162,697,276
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$162,697,276
Program services expenses (Part IX)
$30,000
Management and general expenses
$102,126
Fundraising expenses
$0
Program service expenses (Part III)
$30,000

Program services were 22.7% 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.

  • 1f · All other contributions, gifts and grants

    $2,560,000

  • 1g · Noncash contributions included above

    $2,560,000

  • 3 · Investment income

    total $2,508,763 · excluded $2,508,763

  • 6a · Gross rents

    real property $31,959

  • 6c · Rental income or loss

    real property $31,959

  • 6d · Net rental income or loss

    total $31,959 · excluded $31,959

  • 7a · Gross sales of assets other than inventory

    securities $6,444,675

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

    securities $4,802,658

  • 7c · Gain or loss

    securities $1,642,017

  • 7d · Net gain or loss

    total $1,642,017 · excluded $1,642,017

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 $98,226 · management and general $98,226

  • 11g · Fees: other

    total $3,900 · management and general $3,900

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,099,522 · end of year $104,883

  • 10a · Land, buildings and equipment: cost or other basis

    $2,560,000

  • 10c · Land, buildings and equipment, net

    end of year $2,560,000

  • 11 · Investments: publicly traded securities

    beginning of year $129,965,553 · end of year $160,032,393

  • 27 · Net assets without donor restrictions

    beginning of year $131,065,075 · end of year $162,697,276

Mission and programs · 2023

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

As filed on the 2023 return.

Listed in Part VII

  • Mr James L Clayton

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Mr Kevin T Clayton

    VICE CHAIR

    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 Nathaniel Shelso

    REGULAR DIRE

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • Mr Chuck Justice

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.2

  • Mr Kevin Wilder

    TREASURER

    Total calculated
    $0
    Hours/week
    0.2

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
2023
Filed
13 November 2024
IRS schema version
2023v5.0
Source object
202433209349303638

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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