2023-11-15T12:06:34-05:00 2022-12-31 621170651 BROWN JAKE & MCDANIEL PC 2607 KINGSTON PIKE SUITE 110 KNOXVILLE TN 379193336 990 2022-01-01 200753128 THE CLAYTON FOUNDATION CLAY 8653803301 PO BOX 11885 KNOXVILLE TN 37939 MR JAMES L CLAYTON PRESIDENT & CHAIRMAN 8655241223 2023-11-14 true JAMES CLAYTON 999009999 true JAMES E BOOHER CPA P00286127 8656378600 2023-11-15 2022 2023-04-26 12:10:37Z MR JAMES L CLAYTON PO BOX 11885 KNOXVILLE TN 37939 16555739 false X X 2003 TN CLAYTON FOUNDATION WAS ESTABLISHED TO SUPPORT AND ENRICH SOCIAL, EDUCATIONAL, CULTURAL, AND ECONOMIC LIFE IN AND AROUND KNOXVILLE, TENNESSEE AND OTHER COMMUNITIES IN THE STATE OF TENNESSEE. 5 5 0 5 0 50000 0 0 7971255 3333954 0 8021255 3333954 30000 30000 0 0 0 0 214700 221078 244700 251078 7776555 3082876 160391482 131065075 0 160391482 131065075 CLAYTON FOUNDATION WAS ESTABLISHED TO SUPPORT AND ENRICH SOCIAL, EDUCATIONAL, CULTURAL, AND ECONOMIC LIFE IN AND AROUND KNOXVILLE, TENNESSEE AND OTHER COMMUNITIES IN THE STATE OF TENNESSEE. false false 30000 30000 PROVIDE GRANT TO SUPPORTED ORGANIZATION, EAST TENNESSEE FOUNDATION, IN FURTHERANCE OF ITS MISSION. 5820 EXPENSES TO MAINTAIN AND/OR SELL DONATED PROPERTIES. 35820 true false false false false false false false false false false false false false false true false true false false false false false false false false false true false false false false false false false false false true false false false false false true false false false true 0 0 0 false false false false false false false false false false false false X 5 5 true false false false false false false true false false false true true true true false false false false false TN X MR KEVIN WILDER 8653803301 PO BOX 11885 KNOXVILLE TN 37939 X MR JAMES L CLAYTON PRESIDENT & 1.00 X X 0 0 0 MR KEVIN T CLAYTON SPECIAL DIRE 0.20 X 0 0 0 MS LUCY HAND REGULAR DIRE 0.20 X 0 0 0 MR HALLERIN H HILL REGULAR DIRE 0.20 X 0 0 0 MR RAJA J JUBRAN REGULAR DIRE 0.20 X 0 0 0 MR KEVIN WILDER SECRETARY X 0 0 0 false false false 2169222 2169222 14386517 13221785 1164732 1164732 1164732 3333954 3333954 30000 30000 215258 215258 5820 5820 251078 35820 215258 0 3061789 1099522 157329693 129965553 160391482 131065075 0 0 X 160391482 131065075 160391482 131065075 160391482 131065075 3082876 -32409283 X false true X true false X X 1 EAST TENNESSEE FOUNDATION 620807696 8 true 30000 0 1 30000 0 true false false false false false false false false false false false false false false true false X SCHEDULE D, PAGE 3, PART X THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). UNDER ACCOUNTING STANDARDS, AN ORGANIZATION MUST RECOGNIZE TAX BENEFITS ASSOCIATED WITH TAX TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR 2022 AND 2021. THE FOUNDATION'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (INCLUDING THE RETURNS FOR ITS SUPPORTING ORGANIZATIONS), AND ITS FORM 990 -T, UNRELATED BUSINESS TAX RETURN, FOR THE YEARS ENDING 2019 THROUGH 2022 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. true EAST TN FOUNDATION 520 W SUMMIT HILL DR SUITE 1101 KNOXVILLE TN 37902 620807696 501C3 30000 GEN SUPPORT 1 SCHEDULE I, PAGE 1, PART I, LINE 2 ONLY ONE GRANT TO THE SUPPORTED ORGANIZATION WAS MADE IN 2022. JAMES L CLAYTON SEE BELOW SEE BELOW false SCHEDULE L, PART V SCHEDULE L, PART IV, COL (B) - RELATIONSHIP: JAMES L. CLAYTON IS CHAIRMAN FOR EAST TENNESSEE AND SPECIALTY LENDING FOR FIRSTBANK. SCHEDULE L, PART IV, COL (D) - DESCRIPTION OF THE TRANSACTION: FIRSTBANK PROVIDES FIDUCIARY, SAFEKEEPING, AND INVESTMENT MANAGEMENT SERVICES TO THE CLAYTON FOUNDATION. SERVICES ARE PROVIDED AT A RATE BELOW FAIR MARKET VALUE. TOTAL FEES PAID TO FIRSTBANK BY THE FOUNDATION DURING 2022 TOTALED 168,349. JAMES CLAYTON RECEIVED A SALARY OF 64,113 FROM FIRST BANK IN 2022. FORM 990, PAGE 1, PART I, LINE 6 FIVE INDIVIDUALS SERVED IN 2022 AS VOLUNTEERS ON THE FOUNDATION'S BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 2 JAMES L. CLAYTON KEVIN T. CLAYTON PRESIDENT DIRECTOR FAMILY RELATIONSHIP JAMES L. CLAYTON KEVIN T. CLAYTON PRESIDENT DIRECTOR BUSINESS RELATIONSHIP JAMES L. CLAYTON RAJA J. JUBRAN PRESIDENT DIRECTOR BUSINESS RELATIONSHIP FORM 990, PAGE 6, PART VI, LINE 8B THERE WERE NO COMMITTEES. FORM 990, PAGE 6, PART VI, LINE 11B THE CHEIF FINANCIAL OFFICER OF EAST TENNESSEE FOUNDATION REVIEWS THE FORM 990. MICHELL CLAYTON, MANAGING DIRECTOR FOR THE CLAYTON FAMILY FOUNDATION AND THE CLAYTON FOUNDATION, AND KEVIN WILDER, SECRETARY FOR THE CLAYTON FOUNDATION, ALSO REVIEW THE FORM AND FORWARD A COPY TO ALL BOARD MEMBERS VIA EMAIL. THE FORM IS ALSO SENT TO THE PRESIDENT OF CLAYTON FOUNDATION FOR HIS REVIEW AND SIGNATURE. FORM 990, PAGE 6, PART VI, LINE 12C OFFICERS AND DIRECTORS ARE ASKED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM, WHICH IS KEPT ON FILE. OFFICERS AND DIRECTORS WITH A CONFLICT OF INTEREST ON AN ISSUE ON A MEETING AGENDA ARE ASKED TO DISCLOSE THE CONFLICT AT THE MEETING AND TO RECUSE THEMSELVES FROM PARTICIPATION IN DISCUSSION AND VOTING ON THAT ITEM; SUCH RECUSALS ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. EAST TENNESSEE FOUNDATION 520 W SUMMIT HILL DR SUITE 1101 KNOXVILLE TN 37902 620807696 CHARITABLE TN 501C3 8 NA false false true false false false false false false false false false false true false false false false false false