Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE CLARK FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)716 FLORHAM DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HIGH POINT, NC27262
A Employer identification number

56-2223653
B Telephone number (see instructions)

(336) 848-7684
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$1,239,755J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 21,209 21,209  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 32,301
b Gross sales price for all assets on line 6a 246,275
7 Capital gain net income (from Part IV, line 2)... 19,996
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 53,510 41,205  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 15,000 13,500   1,500
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 3,000 3,000    
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 233      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications.......... 9 9    
23 Other expenses (attach schedule)....... Click to see attachment 7,920 7,920    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 26,162 24,429   1,500
25 Contributions, gifts, grants paid....... 62,749 62,749
26 Total expenses and disbursements. Add lines 24 and 25 88,911 24,429   64,249
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -35,401
b Net investment income (if negative, enter -0-) 16,776
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 5 14 14
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 441 208 208
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,019,575 Click to see attachment984,398 1,239,533
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 123,000 Click to see attachment123,000  
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,143,021 1,107,620 1,239,755
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 1,143,021 1,107,620
29 Total net assets or fund balances (see instructions)..... 1,143,021 1,107,620
30 Total liabilities and net assets/fund balances (see instructions). 1,143,021 1,107,620
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
1,143,021
2
Enter amount from Part I, line 27a .....................
2
-35,401
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
1,107,620
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,107,620
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 19,996
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 233
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 233
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 233
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 441
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 441
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 208
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet208 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNC
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletNOT APPLICABLE
    14
    The books are in care ofbulletSUSAN CLARK Telephone no.bullet (336) 848-7684

    Located atbullet716 FLORHAM DRIVEHIGH POINTNC ZIP+4bullet27262
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    KEITH CLARK PRESIDENT
    000.00     		3,000 0 0
    213 WESTRIDGE DRIVE
    HIGH POINT,NC27262
    MARK CLARK V PRESIDENT
    000.00     		3,000 0 0
    716 FLORHAM DRIVE
    HIGH POINT,NC27262
    SUSAN CLARK SEC/TRES
    000.00     		3,000 0 0
    716 FLORHAM DRIVE
    HIGH POINT,NC27262
    MATTHEW CLARK DIRECTOR
    000.00     		3,000 0 0
    9816 CLYDESDALE STREET
    POTOMAC,MD20854
    KATHERINE CLARK DIRECTOR
    000.00     		3,000 0 0
    716 FLORHAM DRIVE
    HIGH POINT,NC27262
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    1,116,862
    b
    Average of monthly cash balances.......................
    1b
    12,742
    c
    Fair market value of all other assets (see instructions)................
    1c
    123,000
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,252,604
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    1,252,604
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    18,789
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,233,815
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    61,691
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    61,691
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    233
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    233
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    61,458
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    61,458
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    61,458
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    64,249
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    64,249
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    64,249
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 61,458
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 62,280
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 64,249
    a Applied to 2019, but not more than line 2a 62,280
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 1,969
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		59,489
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    THE CLARK FOUNDATION INC
    716 FLORHAM DRIVE
    HIGH POINT,NC27262
    (336) 848-7684
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER OF REQUEST AND PURPOSE OF CHARITABLE REQUEST ALONG WITH A COPY OF 501(C)(3) DETERMINATION LETTER
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SECTION 501(C)(3) ORGANIZATIONS
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AMERICAN CHILDREN'S HOME
    PO BOX 1288
    LEXINGTON,NC27293     		NONE PUBLIC OPERATIONS 9,000
    ARCHDALETRINITY SERCO CLUB
    9445 US HWY 311
    ARCHDALE,NC27263     		NONE PUBLIC CHRISTMAS CHEER FUND 3,000
    HIS LABORING FEW MINISTRIES
    812 MARTIN L KING JR DR
    THOMASVILLE,NC27360     		NONE PUBLIC OPERATIONS 3,050
    THEATRE ART GALLERIES OF HIGH POINT
    220 E COMMERCE STREET
    HIGH POINT,NC27260     		NONE PUBLIC OPERATIONS 1,000
    WESLEY MEMORIAL UNITED METHODIST CH
    1225 CHESTNUT DRIVE
    HIGH POINT,NC27262     		NONE PUBLIC SUPPORT 20,000
    WEST END MINISTRIES
    901 ENGLISH ROAD
    HIGH POINT,NC27262     		NONE PUBLIC OPERATIONS 1,500
    COMMUNITY CLINIC OF HIGH POINT
    779 N MAIN STREET
    HIGH POINT,NC27262     		NONE PUBLIC OPERATIONS 4,000
    HIGH POINT UNIVERSITY
    ONE UNIVERSITY PARKWAY
    HIGH POINT,NC27268     		NONE PUBLIC EXCEPTIONAL NEED SCHOLARSHIP 6,924
    JUNIOR ORDER OF UNITED AMER MECH
    452 S MAIN ST
    HIGH POINT,NC27260     		NONE PUBLIC OPERATIONS 1,000
    MACEDONIA FAMILY RESOURCE CENTER
    401 LAKE AVENUE
    HIGH POINT,NC27260     		NONE PUBLIC SUPPORT 1,000
    WESLEY MEMORIAL UNITED METHODIST CH
    1225 CHESTNUT DRIVE
    HIGH POINT,NC27262     		NONE PUBLIC PRESCHOOL PROGRAM 2,500
    LIGHTS FOR CHRIST MINISTRIES
    10415 S MAIN ST
    ARCHDALE,NC27263     		NONE PUBLIC OPERATIONS 1,000
    FAMILY SERVICE OF THE PIEDMONT
    902 BONNER DRIVE
    JAMESTOWN,NC27282     		NONE PUBLIC OPERATIONS 275
    HIGH POINT UNIVERSITY
    ONE UNIVERSITY PARKWAY
    HIGH POINT,NC27268     		NONE PUBLIC GENERAL NEEDS 5,000
    TRIANGLE BEAGLE RESCUE
    13200 STRICKLAND RD
    SUITE 114 - 287
    RALEIGH,NC27613     		NONE PUBLIC OPERATIONS 1,500
    CAROLINA WATERFOWL RESCUE
    5403 POPLIN RD
    INDIAN TRAIL,NC28079     		NONE PUBLIC OPERATIONS 1,500
    RED DOG FARM
    8653 NC-65
    STOKESDALE,NC27357     		NONE PUBLIC OPERATIONS 500
    Total .................................bullet 3a 62,749
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     25 21,209  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    25 19,996 12,305
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   41,205 12,305
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    53,510
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    THE CLARK FOUNDATION INC
    EIN:
    56-2223653
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 3,000 3,000    

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 GainLossSaleOtherAssetsSch
    Name:
    THE CLARK FOUNDATION INC
    EIN:
    56-2223653
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    423.057 SHS AMERICAN CAP WORLD BD   PURCHASE 2020-03   8,000 8,547     -547  
    133.206 SHS AMERICAN NEW WORLD A   PURCHASE 2020-03   7,000 5,545     1,455  
    223.792 SHS AMERICAN CAPITAL WORLD B   PURCHASE 2020-03   4,203 4,444     -241  
    387.766 SHS EV INC OF BOSTON I 2011-01 PURCHASE 2020-03   1,722 2,115     -393  
    12.684 SHS HARBOR CAP APPREC R   PURCHASE 2020-03   755 699     56  
    6.345 SHS HARTFORD GROWTH OPPORT FD 2013-12 PURCHASE 2020-03   204 240     -36  
    490.077 SHS HARTFORD WORLD BD FD 2017-04 PURCHASE 2020-03   4,999 5,076     -77  
    401.85 SHS JP MORGAN CORE BD   PURCHASE 2020-03   4,726 4,619     107  
    322.184 SHS PIONEER BOND Y 2019-01 PURCHASE 2020-03   2,848 2,996     -148  
    198.909 SHS PILGRIM TOTAL RET BD 2015-09 PURCHASE 2020-03   2,663 2,826     -163  
    1184.648 SHS TRP SHORT-TERM BD 2013-03 PURCHASE 2020-03   5,414 5,679     -265  
    10.025 SHS TRP BLUE CHIP GROWTH I 2012-06 PURCHASE 2020-03   951 503     448  
    1937.623 SHS VOYA SMALL COMPANY I   PURCHASE 2020-04   20,597 27,330     -6,733  
    1141.043 SHS VOYA SMALL COMPANY 1   PURCHASE 2020-04   12,129 16,094     -3,965  
    11.485 SHS BR EQUITY DIVIDEND K   PURCHASE 2020-07   209 209        
    11.08 SHS DELAWARE SMALL CAP VALUE 2016-05 PURCHASE 2020-07   532 535     -3  
    21.635 SHS AMERICAN FUNDAMENTAL INV 2011-01 PURCHASE 2020-07   1,272 998     274  
    42.021 SHS INVESCO GROWTH & INC 2011-01 PURCHASE 2020-07   793 846     -53  
    16.075 HARBOR INTERNATIONAL 2011-01 PURCHASE 2020-07   570 769     -199  
    26.273 HARBOR CAPITAL APPRECIATION   PURCHASE 2020-07   2,485 1,448     1,037  
    60.007 SHS HARTFORD GROWTH OPPORT FD   PURCHASE 2020-07   3,176 2,274     902  
    41.843 SHS JANUS HENDERSON MID CAP V 2013-12 PURCHASE 2020-07   547 682     -135  
    4.631 JP MORGAN VALUE ADV 2015-04 PURCHASE 2020-07   139 136     3  
    29.855 SHS MFS MA INVESTORS TR 2012-06 PURCHASE 2020-07   914 748     166  
    185.073 SHS NB GENESIS I 2020-04 PURCHASE 2020-07   10,801 8,858     1,943  
    197.687 SHS AMERICAN NEW WORLD 2016-04 PURCHASE 2020-07   14,109 10,358     3,751  
    14.425 SHS TRP EQUITY INC 2019-11 PURCHASE 2020-07   376 412     -36  
    24.819 SHS TRP BLUE CHIP GROWTH 2012-06 PURCHASE 2020-07   3,589 1,245     2,344  
    17.712 SHS TRP MID-CAP GROWTH   PURCHASE 2020-07   1,686 1,187     499  
    68.088 SHS AMERICAN CAP WORLD GRW &   PURCHASE 2020-08   3,522 3,055     467  
    173.299 SHS AMERICAN FUND INV A 2014-11 PURCHASE 2020-08   10,518 8,170     2,348  
    153.868 SHS AMERICAN GROWTH FD 2014-11 PURCHASE 2020-08   9,054 5,993     3,061  
    98.191 SHS AMERICAN INTL GROWTH & IN 2014-12 PURCHASE 2020-08   3,231 3,288     -57  
    27.2 SHS AMERICAN INV CO OF AMER 2018-05 PURCHASE 2020-08   1,078 1,092     -14  
    62.577 SHS AMERICAN NEW WORLD A   PURCHASE 2020-08   4,598 2,605     1,993  
    45.82 SHS INVESCO OP GROWTH 2011-01 PURCHASE 2020-08   2,084 1,398     686  
    45.664 SHS BR EQUITY DIV K   PURCHASE 2020-08   826 862     -36  
    64.306 SHS AMERICAN CAPITAL WORLD BD   PURCHASE 2020-08   1,368 1,287     81  
    16.753 SHS DELAWARE SMALL CAP VALUE 2016-05 PURCHASE 2020-08   842 809     33  
    400.783 SHS EV INC OF BOSTON I   PURCHASE 2020-08   2,176 2,176        
    14.478 SHS FRANKLIN MUT GLOB DISC 2011-01 PURCHASE 2020-08   364 393     -29  
    16.803 SHS AMERICAN FUNDAMENTAL INV   PURCHASE 2020-08   1,019 775     244  
    45.243 SHS INVESCO GROWTH & INC   PURCHASE 2020-08   874 921     -47  
    24.73 SHS HARBOR INTERNATIONAL   PURCHASE 2020-08   898 1,182     -284  
    10.826 SHS HARBOR CAP APPREC   PURCHASE 2020-08   1,070 597     473  
    22.852 SHS HARTFORD GROWTH OPPORT 2014-12 PURCHASE 2020-08   1,301 866     435  
    63.955 SHS HARTFORD WORLD BOND 2017-04 PURCHASE 2020-08   682 665     17  
    56.017 SHS JP MORGAN CORE   PURCHASE 2020-08   705 652     53  
    80.513 SHS JANUS HEND MID CAP VALUE   PURCHASE 2020-08   1,082 1,312     -230  
    18.411 SHS JP MORGAN VALUE ADV 2015-04 PURCHASE 2020-08   567 539     28  
    45.953 SHS MFS VALUE R6   PURCHASE 2020-08   1,834 1,494     340  
    84.96 SHS MFS RESEARCH INTNL R6 2016-06 PURCHASE 2020-08   1,646 1,366     280  
    35.074 SHS MFS MA INVESTORS TR   PURCHASE 2020-08   1,110 879     231  
    46.205 SHS NB GENESIS I 2020-04 PURCHASE 2020-08   2,877 2,212     665  
    18.452 SHS AMERICAN NEW WORLD 2016-04 PURCHASE 2020-08   1,358 967     391  
    43.777 SHS PGIM TOTAL RET BD FD 2015-09 PURCHASE 2020-08   661 626     35  
    85.919 SHS PGIM TOTAL RETURN BOND 2015-09 PURCHASE 2020-08   879 812     67  
    49.104 SHS TRP EQUITY INC I 2019-11 PURCHASE 2020-08   1,325 1,512     -187  
    137.613 SHS TRP SHORT-TERM BD I 2013-03 PURCHASE 2020-08   665 660     5  
    12.59 SHS TRP BLUE CHIP GROWTH   PURCHASE 2020-08   1,895 631     1,264  
    8.911 SHS TRP MID-CAP GROWTH 2014-11 PURCHASE 2020-08   893 597     296  
    952.381 SHS AMERICAN CAP WORLD BD   PURCHASE 2020-09   20,000 19,286     714  
    182.191 SHS AMERICAN INTL GROWTH & I   PURCHASE 2020-09   5,872 6,096     -224  
    607.484 SHS AMERICAN INTL GROWTH   PURCHASE 2020-09   19,579 20,348     -769  
    12.928 SHS AMERICAN INTL GROWTH & IN   PURCHASE 2020-09   417 433     -16  

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE CLARK FOUNDATION INC
    EIN:
    56-2223653
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AM FUNDAMENTAL INVESTORS FUND INC 64,500 98,094
    AM GROWTH FD OF AMER A 51,015 87,628
    AM NEW WORLD FUND CLASS A 16,572 44,743
    AM INTERMEDIATE BOND FUND OF AMERICA 24,964 25,322
    AMERICAN INCOME FUND OF AMERICA CL A 91,453 121,107
    AMERICAN BOND FUND OF AMERICA 14,425 15,711
    AM CAPITAL INCOME BUILDER FUND CL A 30,854 32,498
    AM CAP WORLD GROWTH & INCOME CL A 24,608 32,958
    AM CAP WORLD BOND FUND 38,369 40,229
    AM INVESTMENT CO OF AMERICA 34,856 38,619
    AMERICAN BALANCED FUND 35,552 39,628
    AMERICAN HIGH INCOME TRUST 38,757 36,482
    AMERICAN INTERNATIONAL GROWTH & INC    
    AMERICAN US GOVT SEC A 20,020 19,257
    FUNDAMENTAL INVESTORS 13,174 19,630
    BLACKROCK EQUITY DIVIDEND 18,740 19,715
    CAPITAL WORLD BOND FUND    
    DELAWARE SMALL CAP VALUE FUND 10,987 14,394
    EATON VANCE INC FD BOSTON 41,602 41,423
    HARBOR INTERNATIONAL FUND 22,660 20,821
    HARTFORD CAP APPRECIATION FUND 7,767 13,391
    JP MORGAN CORE BOND FUND 21,512 22,694
    JANUS HEND. MID CAP VALUE FUND CL 1 27,800 26,588
    MFS VALUE FUND CL I 28,259 38,712
    FRANKLIN MUT GLOBAL DISCOVERY FUND Z 13,177 13,513
    INVESCO OP INTERNATIONAL GROWTH 28,010 40,349
    T ROWE PRICE BLUE CHIP GROWTH 7,825 25,212
    T ROWE PRICE MID CAP GROWTH 8,138 13,367
    T ROWE PRICE SHORT TERM BOND 28,170 28,472
    INVESCO GROWTH & INCOME 18,562 21,004
    JPM FED MONEY MARKET INSTL CL 7,415 7,415
    VOYA SMALL COMPANY FUND    
    MFS MASSACHUSETTS INV TR 14,176 19,275
    HARTFORD GROWTH OPPORTUNITIES 9,136 13,636
    JP MORGAN VALUE ADVANTAGE INST 11,227 13,516
    PILGRAM TOTAL RETURN BOND 16,274 17,171
    MFS RESEARCH INTERNATIONAL 28,605 38,982
    NEW WORLD FUND CL 2 12,245 20,497
    HARTFORD WORLD BOND 27,664 28,460
    EDWARD JONES MONEY MARKET 5,567 5,567
    PIONEER BOND K 21,949 23,286
    T ROWE PRICE EQUITY INC 24,865 26,999
    NB GENESIS 22,947 33,168

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE CLARK FOUNDATION INC
    EIN:
    56-2223653
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    OTHER INVESTMENT AT COST 123,000  

    TY 2020 OtherExpensesSchedule
    Name:
    THE CLARK FOUNDATION INC
    EIN:
    56-2223653
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    SERVICE FEE 7,920 7,920    


    TY 2020 TaxesSchedule
    Name:
    THE CLARK FOUNDATION INC
    EIN:
    56-2223653
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX ON INVESTMENT INCOME 233