Leo Claire & Robert Adenbaum Foundation
- Assets
- $8.6m
- Revenue
- $736.0k
- Investments
- $8.5m
- Employees
- 0
- Location
- North Palm Beach, FL
- Founding
- 06/1962
- Data as of
- 12/2022
- EIN
- 11-6013398
Organization Overview
Leo Claire & Robert Adenbaum Foundation is located in North Palm Beach, FL. The organization was established in 1962. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Leo Claire & Robert Adenbaum Foundation 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 12/2022, Leo Claire & Robert Adenbaum Foundation generated $736.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $805.4k during the year ending 12/2022. While expenses have increased by 4.8% per year over the past 5 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 2018, Leo Claire & Robert Adenbaum Foundation has awarded 72 individual grants totaling $1,227,112. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Stechel Co-Trustee | 20 | $122,651 | |
Gerhar Jakits Co-Trustee | 20 | $122,651 | |
Jody Oliver Co-Trustee | 20 | $122,651 | |
George Stechel Co-Trustee | 20 | $122,651 | |
Gerhar Jakits Co-Trustee | 20 | $122,651 | |
Jody Oliver Co-Trustee | 20 | $122,651 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17,381 |
| Dividends & Interest | $523,424 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $175,601 |
| Capital Gain Net Income | $175,601 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $19,590 |
| Total Revenue | $735,996 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $367,952 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $81,000 |
| Interest | $3,261 |
| Taxes | $38,460 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,107 |
| Total operating and administrative expenses | $573,094 |
| Contributions, gifts, grants paid | $232,256 |
| Total expenses and disbursements | $805,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,993 |
| Savings and temporary cash investments | $0 |
| 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 | $4,660,851 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,615,303 |
| 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 | $1,841 |
| Total liabilities | $1,841 |
Grants Awarded
Over the last fiscal year, Leo Claire & Robert Adenbaum Foundation has awarded $376,512 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
BEXLEY ELEMENTARY SCHOOL PURPOSE: ADOPT A CLASSROOM | $4,000 |
JUPITER ELEMENTARY SCHOOL PURPOSE: ADOPT A CLASSROOM | $3,000 |
JUPITER MEDICAL CENTER FDN INC PURPOSE: GENERAL SUPPORT | $54,500 |
BIG DOG RESCUE RNACH PURPOSE: GENERAL SUPPORT | $17,192 |
UNIVERSITY OF FLORIDA FDN INC PURPOSE: ADENBAUM PROFESSORSHIP - ENGINEERING | $60,000 |
CHARLES RUSH MIDDLE SCHOOL PURPOSE: GENERAL SUPPORT | $1,000 |