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Clipper Petroleum Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 461784703 ✦ Flowery branch, GA ✦ Designated as a 501(c)(3)

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Overview

What is Clipper Petroleum Foundation Inc?

Clipper Petroleum Foundation Inc is a charitable organization that focuses on assisting community organizations and local schools in the regions where Clipper Petroleum, Inc. operates. Between April 15 and August 31, this foundation welcomes grant applications from eligible non-profit organizations and schools. After a thorough review by the foundation's board in October, grants are primarily distributed in November and December. In 2021, the organization granted funding to around 50 deserving recipients, furthering their mission to contribute positively to their surrounding communities.


Official website here: www.clipperpetroleumfoundation.org

Is Clipper Petroleum Foundation Inc legitimate?

Clipper Petroleum Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clipper Petroleum Foundation Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Official website here: www.clipperpetroleumfoundation.org

What is the mission statement of Clipper Petroleum Foundation Inc?

The Clipper Petroleum Foundation Inc's mission is centered around supporting community organizations and local schools in the areas where Clipper Petroleum, Inc. operates. They accept grant applications from non-profit organizations and schools between April 15 and August 31 annually. The foundation's board reviews all requests in October, and typically issues grant payments in November and December. In 2021, around 50 grants were awarded by the foundation. The primary focus of these grants is to contribute to the betterment of the communities where Clipper Petroleum, Inc. is present.


Official website here: www.clipperpetroleumfoundation.org

Who is the CEO of Clipper Petroleum Foundation Inc?

Haley Bower is the President of Clipper Petroleum Foundation Inc.


Official website here: www.clipperpetroleumfoundation.org

What is the revenue of Clipper Petroleum Foundation Inc?

Clipper Petroleum Foundation Inc's revenue in 2022 was $148,608.


Official website here: www.clipperpetroleumfoundation.org

Who are the executives of Clipper Petroleum Foundation Inc and what are their salaries?


Here are 8 key members and their salaries:


Haley Bower (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Bower Iii (Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maria S Bower (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles S Hall (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Hong (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shirley Caroline Filchak (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Coen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Lefevre (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.clipperpetroleumfoundation.org

Where can I find the form 990EZ for Clipper Petroleum Foundation Inc?

Clipper Petroleum Foundation Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.clipperpetroleumfoundation.org

Learn more at the official website: www.clipperpetroleumfoundation.org

Mission Statement of Clipper Petroleum Foundation Inc

The Clipper Petroleum Foundation is committed to supporting community organizations and local schools in its operational areas. Throughout the year, it accepts grant applications from eligible non-profit organizations and educational institutions, with the application window open from April 15th to August 31st. After reviewing all requests in October, the foundation's board typically approves and disburses the majority of its grants during November and December. In 2021, the foundation awarded around 50 grants to various qualifying recipients. The Clipper Petroleum Foundation's mission is to provide financial assistance to these organizations and schools, thereby contributing to their respective initiatives and fostering positive impacts within the communities they serve.

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Impact




October, 2024

Clipper Petroleum Foundation Inc actively fosters community development and educational enhancement in its operational regions. By providing financial support to local organizations and schools, the foundation directly contributes to the enrichment of educational opportunities and resources for students. Each year, the foundation accepts grant applications from nonprofit organizations and educational institutions, ensuring that a diverse array of community needs is addressed.

In 2021, for example, the foundation successfully awarded approximately 50 grants, underscoring its commitment to empowering local initiatives and enhancing the educational landscape. Through its structured grant application process, which runs annually from April to August with a focused review in October, Clipper Petroleum Foundation Inc effectively supports a variety of projects that contribute to the social and economic growth of the communities it serves. The foundation's work not only benefits the organizations that receive funding but also has a lasting impact on the individuals and families within those communities, fostering a spirit of collaboration and support.




This information is meant to be a general summary of Clipper Petroleum Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$148,608 (2022)
Expenses
$144,122 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $190,295

Assets and Liabilities:

  • Total Assets: $70,845
  • Total Liabilities: $0
  • Net Assets: $70,845

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Organization Details

Principal Officer

Haley Bower

Main Address

5317 TL BOWER WAY, FLOWERY BRANCH, GA, 30542

NTEE Category

Code: B12 - Education

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