Nonprofit · EIN 74-2832766
CLIFTON FOUNDATION
Tax-exempt · WACO, TX 76710
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $315,895 | $202,011 | $113,884 | $3,703,282 | $36,053 | $3,667,229 |
| December 31, 2023 | 990-PF | $179,728 | $260,891 | -$81,163 | $3,416,906 | $0 | $3,416,906 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $84,114
- Interest
- $31
- Net gain from sales of assets
- $143,103
- Other income
- $88,647
Expenses
- Grants and similar amounts paid
- $123,055
- Compensation of officers, directors and key employees
- $36,053
- Disbursements for charitable purposes
- $129,142
- Excise tax on investment income
- $2,373
Balance sheet and other
- Total assets, start of year
- $3,416,906
- Total assets, end of year
- $3,703,282
- Total liabilities, end of year
- $36,053
- Net assets, end of year
- $3,667,229
- Fair market value of assets
- $3,703,282
- Qualifying distributions
- $129,142
- Net investment income
- $225,283
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES R CLIFTON 4579 LAKE SHORE DR, WACO, TX 76710 | PRESIDENT | 5 | $12,018 |
| WILLIAM L CLIFTON JR 4579 LAKE SHORE DR, WACO, TX 76710 | V/P | 5 | $12,018 |
| DAVID NEMEC 4579 LAKE SHORE DR, WACO, TX 76710 | SEC/TREAS | 5 | $12,018 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES R CLIFTON 4579 LAKE SHORE DR, WACO, TX 76710 | PRESIDENT | 5 | $11,507 |
| WILLIAM L CLIFTON JR 4579 LAKE SHORE DR, WACO, TX 76710 | V/P | 5 | $11,507 |
| DAVID NEMEC 4579 LAKE SHORE DR, WACO, TX 76710 | SEC/TREAS | 5 | $11,507 |
Address and contacts
- Address (IRS master file)
- 4579 LAKE SHORE DR, WACO, TX 76710-1814
- Signed the 990-PF
- DAVID NEMEC, CFO
- Phone
- (254) 741-6400
- Return prepared by
- JRBT PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 74-2832766
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20Z)
- Assets (IRS master file)
- $3,703,282
- Income (IRS master file)
- $434,123
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $315,895 | $202,011 | $3,703,282 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $179,728 | $260,891 | $3,416,906 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about CLIFTON FOUNDATION
- What is the EIN of CLIFTON FOUNDATION?
- The employer identification number (EIN) of CLIFTON FOUNDATION is 74-2832766.
- Is CLIFTON FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to CLIFTON FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CLIFTON FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CLIFTON FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CLIFTON FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of CLIFTON FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 3 received compensation from the organization, the highest $12,018 (JAMES R CLIFTON, PRESIDENT).
- How much revenue does CLIFTON FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $315,895, expenses of $202,011 and total assets of $3,703,282 at year end.
Other nonprofits in WACO
- WACO FOUNDATION EIN 74-6054628 · last filed 990 for 2025
- GLOBAL GENEROSITY INC EIN 47-5209151 · last filed 990 for 2024
- WF ASSETS INC EIN 74-2783048 · last filed 990 for 2025
- TEXAS MASONIC CHARITIES FOUNDATION EIN 37-1501938 · last filed 990 for 2025
- THE RAPOPORT FAMILY FOUNDATION EIN 74-2872414 · last filed 990-PF for 2024
- TED NASH LONG LIFE FOUNDATION EIN 74-2875627 · last filed 990-PF for 2025
- UNITED WAY OF WACO-MCLENNAN COUNTY EIN 74-1189027 · last filed 990 for 2024
- SADIE JO BLACK FAMILY FOUNDATION EIN 80-0766649 · last filed 990-PF for 2025
All nonprofits in WACO · Texas · Philanthropy, voluntarism and grantmaking foundations