Overview
What is H G Clay Foundation?
The H G Clay Foundation is a philanthropic organization situated in Daphne, Alabama. Its primary objective is to better the lives of the marginalized worldwide. They achieve this mission by making investments from their capital contributions, which are then used to cover program expenses and fund grants to various charitable organizations. The foundation has a strong focus on partnering with organizations that work in the areas of education, refugee resettlement, decreasing human trafficking, and international missions. This collaborative approach allows them to extend their reach and make a significant impact in these critical social issues.
Official website here: www.hgclayfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement. The H G Clay Foundation has received a Two-Star out of Four Star rating with an overall score of 69%. This rating indicates that while the organization demonstrates some strengths in board independence and financial management, there are significant areas needing attention, particularly in transparency and governance practices.
One notable strength of the foundation is its 100% independent board, which reflects strong oversight. Additionally, the organization's program expense ratio is impressive at 91.25%, suggesting that a large portion of its budget is allocated towards its programs rather than administrative costs. The foundation has shown no material diversion of assets, showcasing a commitment to financial integrity.
However, the foundation faces critical limitations, as it lacks key policies such as a conflict of interest policy, whistleblower policy, and document retention policy. Furthermore, financial statements are not available, which affects transparency and accountability. These issues contribute to the overall "Needs Improvement" rating, indicating that stakeholders may want to consider these factors when engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is H G Clay Foundation legitimate?
H G Clay Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. H G Clay Foundation 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:
Executive Compensation: $158,348
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.hgclayfoundation.org
What is the mission statement of H G Clay Foundation?
The H G Clay Foundation aims to improve the quality of life for marginalized individuals worldwide. They accomplish this by partnering with organizations focused on various causes, including education, refugee resettlement, decreasing human trafficking, and international missions. The foundation utilizes its capital contributions to cover program expenses and contribute grants to other charitable organizations. In essence, the H G Clay Foundation's mission is to support these organizations in their efforts to better the lives of those who are often overlooked.
Official website here: www.hgclayfoundation.org
Who is the CEO of H G Clay Foundation?
Joshua Thompson is the Trustee of H G Clay Foundation.
Official website here: www.hgclayfoundation.org
What is the revenue of H G Clay Foundation?
H G Clay Foundation's revenue in 2022 was $1,054,847.
Official website here: www.hgclayfoundation.org
Who are the executives of H G Clay Foundation and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $79,515
- Related: $0
- Other: $0
- Compensation: $78,833
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hgclayfoundation.org
Where can I find the form 990 for H G Clay Foundation?
H G Clay Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hgclayfoundation.org
Learn more at the official website: www.hgclayfoundation.org
Mission Statement of H G Clay Foundation
The H G Clay Foundation is dedicated to improving the lives of the marginalized individuals around the world. To accomplish this mission, the foundation collaborates with various organizations that focus on four key areas: education, refugee resettlement, organizations working to combat human trafficking, and international missions. Through these partnerships, the H G Clay Foundation provides grants and scholarships to support these causes, aiming to make a significant impact in the lives of those who are often overlooked. The foundation's investments come from capital contributions, which are used to cover program expenses and contribute to the grants given to other charitable organizations. In essence, the H G Clay Foundation is committed to enhancing the quality of life for the marginalized by leveraging its resources and partnerships to drive positive change.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
H G Clay Foundation's impact can be seen in its efforts to enhance the quality of life for marginalized individuals around the world. Through grants and scholarships provided in partnership with organizations focusing on education, refugee resettlement, combating human trafficking, and international missions, the foundation is making a significant difference in addressing critical issues affecting vulnerable populations. By investing in these areas, the foundation is contributing to positive social change and improving the well-being of those in need.
This information is meant to be a general summary of H G Clay Foundation. 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: $1,054,271
- Gross Receipts: $6,100,331
Assets and Liabilities:
- Total Assets: $12,386,516
- Total Liabilities: $0
- Net Assets: $12,386,516
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2018
Phone
(251) 286-0938Principal Officer
Joshua Thompson
Main Address
2200 HIGHWAY 98 SUITE 4 312, DAPHNE, AL, 36526
Website
www.hgclayfoundation.orgNTEE Category
Code: T30 - Philanthropy
If you are a representative of H G Clay Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.