Clayton Foundation For Research

EIN: 741541767 501(c)(3) Medical Research

Houston, TX

Total Revenue
$11,043,790
Total Expenses
$10,750,530
Total Assets
$130,572,468
Net Assets
$123,451,430
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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
TX
Principal Officer
Jarred W Sloan
Phone
7138175259
Tax Period
2023-01-01 to 2023-12-31

Clayton Foundation For Research, founded in 1965, is a mid-sized nonprofit in the Medical Research sector that reported $11.0M in total revenue in fiscal year 2023. Revenue surged 67% from the prior year, signaling strong growth momentum. Net assets of $123.5M represent 134 months of operating reserves.

Mission

The primary mission is to conduct medical research in conjunction with hospitals for the purpose of discovering the cause, prevention and cure of diseases for the benefit of mankind. The secondary mission is to transfer the resulting medical research discoveries from the laboratory to the use of the general public by patenting and licensing such technology for development into drugs or other products for the use and benefit of mankind through the Foundation's supporting entities.

Program Service Accomplishments

Program 1
Expenses: $1,011,043

A research project at Baylor College of Medicine in gene and protein therapy focuses on inappropriate cell division and cell death within the human body. Much of the work is devoted to intraocular...

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A research project at Baylor College of Medicine in gene and protein therapy focuses on inappropriate cell division and cell death within the human body. Much of the work is devoted to intraocular angiogenesis, with particular attention to: 1) the signals that control this process, 2) the development of animal models of human ocular disease, and 3) development of potential therapies. New targets have been identified and potential therapeutic agents are being developed and tested for the treatment of wet AMD, Diabetic Retinopathy, and Retinopathy of Prematurity. Patent applications have been filed by RDF, one of the Foundation's supporting entities, on several discoveries arising out of this research. Licensing efforts by RDF resulted in a license to a commercial company that, using project technology, completed a Phase I human clinical trial with gene therapy to treat wet age-related macular degeneration.

Program 2
Expenses: $967,238

The conduct of a longstanding research program at the University of Texas M. D. Anderson Cancer Center, the purpose of which is to design and develop novel targeted therapeutic agents that target a...

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The conduct of a longstanding research program at the University of Texas M. D. Anderson Cancer Center, the purpose of which is to design and develop novel targeted therapeutic agents that target a powerful human toxin to specifically destroy cancer cells for the treatment of numerous cancer targets and other disease indications. A number of collaborations have been undertaken with researchers at various institutions (e.g., University of California San Diego). Patent applications have been filed by Research Development Foundation (RDF), a tax exempt supporting organization of the Foundation (see schedule R, Part III), on more than twenty discoveries, and a number of patents have been issued. Licensing efforts have been ongoing and have resulted in several licenses.

Program 3
Expenses: $823,853

A research program at Baylor College of Medicine in Houston is directed toward glaucoma, the second leading cause of permanent blindness in the world. More than 3 million Americans live with...

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A research program at Baylor College of Medicine in Houston is directed toward glaucoma, the second leading cause of permanent blindness in the world. More than 3 million Americans live with glaucoma, and it is estimated that perhaps millions more remain undiagnosed. The research includes opportunities to treat intraocular pressure (IOP) in a more targeted way that is independent of current medical therapies. State of the art technologies have been developed and are being used to analyze and characterize the molecular changes associated with the early stages of the diseases. The researchers objective is the identification of new potential therapies for glaucoma.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,075,000
Program Service Revenue $96,250
Investment Income $2,729,478
Other Revenue $143,062
TOTAL REVENUE $11,043,790

Expense Breakdown

Grants Paid $150,000
Salaries & Benefits $6,488,826
Fundraising Expenses $0
Program Expenses $9,405,819
Other Expenses $4,111,704
TOTAL EXPENSES $10,750,530

Year-over-Year Comparison

2023 2022 Change
Revenue $11,043,790 $6,604,622 +0.7%
Expenses $10,750,530 $10,006,620 +0.1%
Net Income $293,260 $-3,401,998 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
N/A
Employees
52
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$3,351,020
Total Directors
6
$3,570,827
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jarred W Sloan Trustee, President, Treasurer 20.00
Officer Director
$274,083 $97,800 $761,256
Robert M Wallace Trustee, Vice President 20.00
Officer Director
$203,370 $97,800 $761,256
Lynn P Carter Trustee 8.00
Director
$97,315 $97,800 $761,256
Joan S Dunlap Trustee, VP, Secretary 4.00
Officer Director
$126,473 $88,019 $588,105
Brian W Crozier Trustee, Chairman 5.00
Officer Director
$97,315 $50,086 $395,392
Thomas J Brorby Trustee, Deceased 5.00
Officer Director
$80,872 $16,600 $303,562
Robert L Evans VP, Assistant Treasurer 40.00
Officer
$210,000 $81,846 $291,846
Kimberly A Shipley Assistant Secretary 40.00
Officer
$173,267 $76,336 $249,603
Lawrence H Cheung Project Researcher 40.00
$114,406 $40,035 $154,441
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $11,043,790 $10,750,530 $130,572,468 $293,260
2022 $6,604,622 $10,006,620 $112,685,763 $-3,401,998
2021 $10,982,705 $10,317,749 $144,911,994 $664,956
2020 $10,487,160 $9,206,656 $120,838,913 $1,280,504
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