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CLARK FOUNDATION INC: Form 990PF, tax year 2025

View the entire original 990 at ProPublica ↗

Organization
CLARK FOUNDATION INC (EIN 62-0695496)
Tax period
2025-01-01 to 2025-12-31
Filed
2026-06-26
IRS object ID
202601779349100405
Schema version
2025v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-06-26T10:45:42-00:00ReturnTs
Tax Period End2025-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN454698605PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Edward F Schemel CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12158 Northgate Park Ln Ste 210AddressLine1Txt
CityChattanoogaCityNm
State AbbreviationTNStateAbbreviationCd
ZIP37415ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2025-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN620695496EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CLARK FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCLARBusinessNameControlTxt
Phone4238861240PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11115 JAMES BLVDAddressLine1Txt
CitySIGNAL MOUNTAINCityNm
State AbbreviationTNStateAbbreviationCd
ZIP37377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGEORGE M CLARKPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone4238861240PhoneNum
Signature2026-06-26SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEdward F SchemelPreparerPersonNm
PTINP00718263PTIN
Phone4232679955PhoneNum
Preparation2026-06-26PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2025TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$635,336FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Interest On Sav Rev And Expnss$71InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$71InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$71InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$23,816DividendsRevAndExpnssAmt
Dividends Net Invst Incm$23,816DividendsNetInvstIncmAmt
Dividends Adj Net Incm$23,816DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$5,449NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$5,512GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$5,449CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$29,336TotalRevAndExpnssAmt
Total Net Invst Incm$29,336TotalNetInvstIncmAmt
Total Adj Net Incm$23,887TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$500AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$421TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$921TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$28,525ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$28,525ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$29,446TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$28,525TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$110ExcessRevenueOverExpensesAmt
Net Investment Income$29,336NetInvestmentIncomeAmt
Adjusted Net Income$23,887AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,320CashBOYAmt
Cash EOY$1,091CashEOYAmt
Cash EOYFMV$1,091CashEOYFMVAmt
Corporate Stock BOY$6,371CorporateStockBOYAmt
Corporate Stock EOY$6,312CorporateStockEOYAmt
Corporate Stock EOYFMV$634,245CorporateStockEOYFMVAmt
Total Assets BOY$7,691TotalAssetsBOYAmt
Total Assets EOY$7,403TotalAssetsEOYAmt
Total Assets EOYFMV$635,336TotalAssetsEOYFMVAmt
Loans From Officers BOY$1,378LoansFromOfficersBOYAmt
Loans From Officers EOY$1,200LoansFromOfficersEOYAmt
Total Liabilities BOY$1,378TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,200TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Additional Paid In Capital BOY$11,337AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$11,337AdditionalPaidInCapitalEOYAmt
Retained Earning BOY-$5,024RetainedEarningBOYAmt
Retained Earning EOY-$5,134RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$6,313TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$6,203TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$7,691TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$7,403TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$6,313TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$110ExcessRevenueOverExpensesAmt
Subtotal$6,203SubtotalAmt
Tot Net Ast Or Fund Balances EOY$6,203TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
Property220SH REGIONS BANKPropertyDesc
How AcquiredDHowAcquiredCd
Acquired2016-06-01AcquiredDt
Sold2025-12-02SoldDt
Gross Sales Price$5,512GrossSalesPriceAmt
Cost Or Other Basis$63CostOrOtherBasisAmt
Gain Or Loss$5,449GainOrLossAmt
Gains Minus Excess Or Losses$5,449GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$5,449CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$408InvestmentIncomeExciseTaxAmt
Subtotal$408SubtotalAmt
Tax Based On Investment Income$408TaxBasedOnInvestmentIncomeAmt
Tax Due$408TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsfalseAtLeast5000InAssetsInd
Org Report Or Register StateTNOrgReportOrRegisterStateCd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksGEORGE M CLARK IIIIndividualWithBooksNm
Phone4238861240PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11115 JAMES BLVDAddressLine1Txt
CitySIGNAL MOUNTAINCityNm
State AbbreviationTNStateAbbreviationCd
ZIP37377ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYYes (true)UndistributedIncomePYInd
Undistributed Income PY12020UndistributedIncomePY1Yr
Undistributed Income PY22021UndistributedIncomePY2Yr
Undistributed Income PY32022UndistributedIncomePY3Yr
Undistributed Income PY42024UndistributedIncomePY4Yr
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
GEORGE M CLARK
1115 JAMES BLVDSIGNAL MOUNTAINTN37377PRESIDENT001.00$0
CATHERINE CRABTREE
744 MCCALLIE AVE STE 205CHATTANOOGATN37403SECRETARU001.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt
Expenses1$0Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$592,541AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$1,206AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$593,747TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$593,747AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$8,906CashDeemedCharitableAmt
Net Vl Noncharitable Assets$584,841NetVlNoncharitableAssetsAmt
Minimum Investment Return$29,242MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$29,242MinimumInvestmentReturnAmt
Tax Based On Investment Income$408TaxBasedOnInvestmentIncomeAmt
Total Tax$408TotalTaxAmt
Distributable Before Adj$28,834DistributableBeforeAdjAmt
Distributable Before Ded$28,834DistributableBeforeDedAmt
Distributable As Adjusted$28,834DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$28,525ExpensesAndContributionsAmt
Qualifying Distributions$28,525QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$28,834DistributableAsAdjustedAmt
Undistributed Income PY$395UndistributedIncomePYAmt
Prior Year12021PriorYear1Yr
Prior Year22022PriorYear2Yr
Prior Year32023PriorYear3Yr
Total For Prior Years$3,762TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$144ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$2,995ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$767ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr1$395ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$4,301TotalExcessDistributionCyovAmt
Qualifying Distributions$28,525QualifyingDistributionsAmt
Applied To Year1$395AppliedToYear1Amt
Applied To Current Year$28,130AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$704ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$704ExcessDistributionCyovAppCYAmt
Total Corpus$3,597TotalCorpusAmt
Prior Year Undistributed Incm$3,762PriorYearUndistributedIncmAmt
Taxable1$3,762Taxable1Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$3,597ExcessDistriCyovToNextYrAmt
Excess From Year4$2,435ExcessFromYear4Amt
Excess From Year3$767ExcessFromYear3Amt
Excess From Year1$395ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
NORTHSIDE NEIGHBORHOOD HOUSE
211 MINOR STCHATTANOOGATN37405PCGENERAL DONATION$5,705
CHATTANOOGA CHRISTIAN SCHOOL
3354 CHARGER DRIVECHATTANOOGATN37409PCGENERAL DONATION$5,705
HOPE FOR THE INNER CITY
PO BOX 11584CHATTANOOGATN37401PCGENERAL DONATION$5,705
CHATTANOOGA FOUNDATION
727 E 11TH STCHATTANOOGATN37403PCGENERAL DONATION$5,705
THE EPISCOPAL CHURCH
PO BOX 958983ST LOUISMO63195PCGENERAL DONATION$5,705
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$28,525TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$23,887ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion$5,449ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$29,336ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$29,336TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$500Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockBROKERAGE ACCOUNTStockNm
EOY Book Value$6,312EOYBookValueAmt
EOYFMV$634,245EOYFMVAmt

Loans From Officers Schedule LoansFromOfficersSchedule

Loans From Officer LoansFromOfficerGrp

FieldValueIRS element (for citing)
Lender PersonGEORGE CLARK IIILenderPersonNm
TitlePRESIDENTTitleTxt
Loan Original$878LoanOriginalAmt
Balance Due$1,200BalanceDueAmt
Note2022-10NoteDt
Loan Maturity2022-10LoanMaturityDt
Repayment TermsDUERepaymentTermsTxt
Security Provided BorrowerNONESecurityProvidedBorrowerTxt
Loan PurposePAYMENT OF TAXESLoanPurposeTxt
Lender ConsiderationNONELenderConsiderationDesc

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL TAXCategoryTxt
Amt$421Amt

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