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Nonprofiteer
← CLARK JAMES FOUNDATION INC

Form 990 for tax year 2024

Filed by CLARK JAMES FOUNDATION INC.

Totals

Total revenue
$310,516
Total expenses
$302,676
Contributions and grants received
$0
Grants paid
$282,819
Program service revenue
$0
Investment income
$310,516
Other revenue
$0
Total assets, end of year
$5,861,296
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$5,861,296
Program services expenses (Part IX)
$282,819
Management and general expenses
$19,857
Fundraising expenses
$0
Program service expenses (Part III)
$282,819

Program services were 93.4% 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 $157,673 · excluded $157,673

  • 7a · Gross sales of assets other than inventory

    securities $1,618,311

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

    securities $1,465,468

  • 7c · Gain or loss

    securities $152,843

  • 7d · Net gain or loss

    total $152,843 · excluded $152,843

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $282,819 · program services $282,819

  • 11c · Fees: accounting

    total $1,250 · management and general $1,250

  • 11f · Fees: investment management

    total $14,490 · management and general $14,490

  • 13 · Office expenses

    total $207 · management and general $207

  • 23 · Insurance

    total $1,587 · management and general $1,587

  • 24a · Other expenses: Foreign Taxes

    total $2,323 · management and general $2,323

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,463 · end of year $327,095

  • 11 · Investments: publicly traded securities

    beginning of year $5,511,030 · end of year $5,534,201

  • 27 · Net assets without donor restrictions

    beginning of year $5,428,493 · end of year $5,761,296

  • 28 · Net assets with donor restrictions

    beginning of year $100,000 · end of year $100,000

Mission and programs · 2024

Mission

The Corporation is organized, and at all times shall be operated, exclusively for the benefit of, to perform the functions of, or to carry out the purposes of Good Shepherd Ministries of Wilmington, Inc.

Activities or mission (Part I)

To provide support to the Good Shepherd Ministries of Wilmington, Inc.

  • The Corporation is organized, and at all times shall be operated, exclusively for the benefit of, to perform the functions of, or to carry out the purposes of Good Shepherd Ministries of Wilmington, Inc. During 2024, The Clark James Foundation distributed approximately $282,819 to Good Shepherd Ministries of Wilmington, Inc.

    Expenses $282,819 · Grants $282,819

As filed on the 2024 return.

Listed in Part VII

  • Tom Dodson

    President

    Total calculated
    $0
    Hours/week
    1

  • Kevin Jacques

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Todd Atwood

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Virginia Carter

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Ford Williams

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tom Hackler

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ryal Tayloe

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ben Stephenson

    Director

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2024
Filed
14 August 2025
IRS schema version
2024v5.2
Source object
202522269349302882

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