Adikes Fam Foundation Tr Agreement
- Assets
- $5.2m
- Revenue
- $770.9k
- Investments
- $4.7m
- Employees
- 0
- Location
- Garden City, NY
- Founding
- 03/2002
- Data as of
- 12/2022
- EIN
- 11-6560827
Organization Overview
Adikes Fam Foundation Tr Agreement is located in Garden City, NY. The organization was established in 2002. 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. Adikes Fam Foundation Tr Agreement 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, Adikes Fam Foundation Tr Agreement generated $770.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $660.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Adikes Fam Foundation Tr Agreement has awarded 374 individual grants totaling $3,879,703. 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 |
|---|---|---|---|
Park T Adikes Trustee | 5 | $0 | |
Patricia Adikes-Hill Trustee | 20 | $29,000 | |
Francis Hill Trustee | 20 | $25,000 | |
Michael Hill Trustee | 20 | $25,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $362,430 |
| Interest on Savings | $1,332 |
| Dividends & Interest | $279,821 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $126,566 |
| Capital Gain Net Income | $126,566 |
| Net ST Capital Gain | $323 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $724 |
| Total Revenue | $770,873 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $79,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $82,150 |
| Interest | $0 |
| Taxes | $14,046 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,278 |
| Total operating and administrative expenses | $302,585 |
| Contributions, gifts, grants paid | $357,700 |
| Total expenses and disbursements | $660,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $485,200 |
| 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 | $38,360 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,191,474 |
| 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, Adikes Fam Foundation Tr Agreement has awarded $357,700 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
AOPA AIR SAFETY FOUNDATION PURPOSE: GENERAL | $2,000 |
COCO POINT FUND PURPOSE: GENERAL | $1,000 |
CANTERBURY ALUMNI FUND PURPOSE: GENERAL | $1,000 |
NYC POLICE AND FIRE WIDOWS PURPOSE: GENERAL | $6,000 |
EAA AVIATION FDN PURPOSE: GENERAL | $2,500 |
NYU ALUMNI FUND PURPOSE: GENERAL | $1,000 |