Richard & Elaine Ades Family Foundation Inc
- Assets
- $165.6k
- Revenue
- $8.8k
- Investments
- $156.0k
- Employees
- 0
- Location
- New Haven, CT
- Founding
- 10/2001
- Data as of
- 12/2023
- EIN
- 06-1628570
Organization Overview
Richard & Elaine Ades Family Foundation Inc is located in New Haven, CT. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richard & Elaine Ades Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Richard & Elaine Ades Family Foundation Inc generated $8.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $24.1k during the year ending 12/2023. While expenses have increased by 8.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Richard & Elaine Ades Family Foundation Inc has awarded 258 individual grants totaling $162,678. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard L Ades President, Treasurer | 1 | $0 | |
Elaine S Ades Vice President, Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,145 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,943 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$273 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,815 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,345 |
| Contributions, gifts, grants paid | $20,705 |
| Total expenses and disbursements | $24,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,651 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $165,613 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Richard & Elaine Ades Family Foundation Inc has awarded $20,705 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
ADL PURPOSE: GENERAL SUPPORT | $360 |
ALZHEIMERS ASSOCIATION PURPOSE: GENERAL SUPPORT | $200 |
AMERICAN CIVIL LIBERTIES UNION OF CONNECTICUT (ACLU-CT) PURPOSE: GENERAL SUPPORT | $100 |
AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE PURPOSE: GENERAL SUPPORT | $100 |
BALLENISLES CHARITIES FOUNDATION PURPOSE: GENERAL SUPPORT | $40 |
BIRTHRIGHT ISRAEL FOUNDATION PURPOSE: GENERAL SUPPORT | $60 |