Overview
What is Clay Foundation Inc?
Clay Foundation Inc is a nonprofit organization that is committed to supporting Penelope House, Inc., an entity focused on preventing domestic violence. Operating from Mobile, Alabama, the foundation provides financial backing to Penelope House's initiatives. While specific details about the foundation's activities and operations beyond this financial assistance are not provided, it is clear that Clay Foundation Inc plays a significant role in combating domestic violence in its local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating. This rating reflects a solid performance in the Accountability & Finance category, with a focus on fiscal responsibility and governance. The organization has no material diversions of assets, a fully independent board, and robust policies in place for conflict of interest and whistleblowing.
User feedback from Great Nonprofits highlights positive experiences, particularly from a volunteer who shared a personal story of empowerment through the organization's services. The overall sentiment indicates that the foundation is making a meaningful impact in supporting victims of domestic violence.
However, while the Accountability & Finance score is commendable, the liabilities to assets ratio suggests potential financial concerns that could affect stability. Continuous monitoring of this metric will be essential for long-term sustainability and service delivery.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Clay Foundation Inc legitimate?
Clay Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clay Foundation Inc submitted a form 990, 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.
Heare are some key statistics you may want to consider:
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What is the mission statement of Clay Foundation Inc?
The Clay Foundation Inc's mission is centered around providing financial aid. Specifically, it supports Penelope House Inc, an organization dedicated to preventing domestic violence. The Clay Foundation's role involves offering monetary assistance to Penelope House Inc, thereby contributing to its mission. The primary objective of this financial support is to help Penelope House Inc in its efforts to combat domestic violence. The Clay Foundation Inc's mission, in essence, is to aid organizations like Penelope House Inc in their noble causes.
Who is the CEO of Clay Foundation Inc?
Tonie Ann Torrans is the President of Clay Foundation Inc.
What is the revenue of Clay Foundation Inc?
Clay Foundation Inc's revenue in 2022 was $44,161.
Who are the executives of Clay Foundation Inc and what are their salaries?
Here are 9 key members and their salaries:
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- Related: $98,872
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Where can I find the form 990 for Clay Foundation Inc?
Clay Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Clay Foundation Inc
Clay Foundation Inc, a philanthropic organization, is dedicated to providing financial assistance for Penelope House, Inc. This mission of Clay Foundation Inc is centered around supporting Penelope House, Inc., an entity that focuses on preventing domestic violence. By extending financial aid, Clay Foundation Inc plays a significant role in enabling Penelope House, Inc. to carry out its mission effectively, thereby contributing to the broader goal of combating domestic violence.
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Impact
October, 2024
Clay Foundation Inc plays a crucial role in combating domestic violence in Mobile, Alabama, by providing vital financial support to Penelope House, Inc. This support enhances the resources available for prevention programs and services that protect and empower individuals affected by domestic violence. By funding initiatives that focus on intervention, education, and community outreach, Clay Foundation Inc contributes to creating a safer environment for vulnerable populations, thereby promoting overall community well-being. Their mission directly impacts the lives of those seeking refuge and assistance, fostering a culture of support and resilience in the fight against domestic violence.
This information is meant to be a general summary of Clay 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $44,161
- Gross Receipts: $44,161
Assets and Liabilities:
- Total Assets: $2,812,903
- Total Liabilities: $2,669,275
- Net Assets: $143,628
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Organization Details
Founding Year
1992
Phone
(251) 459-6666Principal Officer
Tonie Ann Torrans
Main Address
POST OFFICE BOX 9127, MOBILE, AL, 36691
NTEE Category
Code: P43Z - Human services
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