Adirondack Foundation
- Assets
- $81.3m
- Revenue
- $18.0m
- Investments
- $3.2m
- Employees
- 12
- Location
- Lake Placid, NY
- Founding
- 10/1997
- Data as of
- 06/2022
- EIN
- 16-1535724
Organization Overview
Adirondack Foundation is located in Lake Placid, NY. The organization was established in 1997. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Adirondack Foundation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adirondack 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 06/2022, Adirondack Foundation generated $18.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $7.6m during the year ending 06/2022. While expenses have increased by 15.7% per year over the past 7 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 2015, Adirondack Foundation has awarded 1,252 individual grants totaling $19,375,710. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCING THE LIVES OF PEOPLE IN THE ADIRONDACKS THROUGH PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADIRONDACK FOUNDATION PLAYS A UNIQUE ROLE IN THE REGION BY 1) STEWARDING CHARITABLE ASSETS FROM GENEROUS PEOPLE WHO CARE ABOUT THE AREA AND WANT TO MAKE A DIFFERENCE, 2) MAKING GRANTS TO NONPROFITS, SCHOOLS, AND MUNICIPALITIES, AND 3) SERVING AS A COMMUNITY LEADER. THE FOUNDATION VALUES COLLABORATION, ACCOUNTABILITY, INCLUSION, DIVERSITY, AND COMPASSION IN ITS WORK. IT STEWARDS MORE THAN 250 CHARITABLE FUNDS AND ITS PRIMARY GRANTMAKING AREAS ARE: EDUCATION, COMMUNITY VITALITY, ECONOMIC OPPORTUNITY, ENVIRONMENT, HUMAN WELL-BEING, AND ARTS AND CULTURE. ITS LEADERSHIP WORK INCLUDES ESTABLISHING THE ADIRONDACK NONPROFIT NETWORK, HELPING TO DEVELOP THE ADIRONDACK COMMON GROUND ALLIANCE, AND COORDINATING THE ADIRONDACK BIRTH TO THREE ALLIANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cali Brooks President & CEO | Officer | 40 | $144,023 |
Matthew Donahue Vice President For Philanthropy | 40 | $105,592 | |
Connie Prickett Vice President Of Communications And Strategic Ini | 40 | $104,630 | |
Linda Battin Chief Financial Officer | 4 | $102,691 | |
Rich Kroes Chair | OfficerTrustee | 3 | $0 |
Holly Wolff Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,403,243 |
| Noncash contributions included in lines 1a–1f | $3,653,086 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,403,243 |
| Total Program Service Revenue | $159,558 |
| Investment income | $2,542,101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,904,951 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,009,853 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,057,781 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $149,176 |
| Compensation of current officers, directors, key employees. | $37,984 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $718,733 |
| Pension plan accruals and contributions | $17,078 |
| Other employee benefits | $44,399 |
| Payroll taxes | $68,315 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $94,358 |
| Fees for services: Other | $70,093 |
| Advertising and promotion | $34,427 |
| Office expenses | $76,874 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,119 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,591 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,441 |
| Insurance | $5,846 |
| All other expenses | $52,352 |
| Total functional expenses | $7,558,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $480,566 |
| Savings and temporary cash investments | $357,794 |
| Pledges and grants receivable | $2,403,668 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $241,599 |
| Investments—publicly traded securities | $74,599,087 |
| Investments—other securities | $3,227,136 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,753 |
| Total assets | $81,334,603 |
| Accounts payable and accrued expenses | $17,667 |
| Grants payable | $144,200 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,498,659 |
| Total liabilities | $23,660,526 |
| Net assets without donor restrictions | $57,051,458 |
| Net assets with donor restrictions | $622,619 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $81,334,603 |
Grants Awarded
Over the last fiscal year, Adirondack Foundation has awarded $4,218,582 in support to 205 organizations.
| Grant Recipient | Amount |
|---|---|
Keene, NY PURPOSE: FOR THE BUILDING FUND FROM A GIFT OF STOCK FROM DAVE MASON | $130,252 |
Keene, NY PURPOSE: FOR THE BUILDING FUND FROM A GIFT OF STOCK FROM DAVE MASON | $120,218 |
Essex, NY PURPOSE: FOR CAPITAL CAMPAIGN AT THE REQUEST OF CAROLYN SICHER | $115,000 |
Keene, NY PURPOSE: FOR THE BUILDING FUND FROM A GIFT OF STOCK FROM BARBARA MERLE-SMITH | $101,663 |
Malone, NY PURPOSE: IN SUPPORT OF THE REC PARK BUILDING | $100,000 |
Concord, NH PURPOSE: FOR THE NORTHERN FOREST FUND FOR ATTRACTING NEW RESIDENTS WORK | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Adirondack Foundation has recieved totaling $36,000.
| Awarding Organization | Amount |
|---|---|
Himoff Family Charitable Foundation Inc Brant Lake, NY PURPOSE: UNRESTRICTED | $25,000 |
Bob And Kristin Davidson Foundation Philadelphia, PA PURPOSE: TO HELP FUND THE OPERATING BUDGET. | $9,000 |
Queally Family Foundation Inc Wilmington, DE PURPOSE: THE ESSEX COMMUNITY FUND SPECIFICALLY THE GOFF/ECCLESINE FUND | $1,000 |
Meadowhill Fund Inc Charlotte, VT PURPOSE: PHILANTHROPIC ORG. -OPERATING SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $69,137,367 |
| Earnings | -$11,766,659 |
| Admin Expense | $838,921 |
| Net Contributions | $12,626,138 |
| Other Expense | $208,691 |
| Grants | $6,410,603 |
| Ending Balance | $62,538,631 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
Community Foundation Of Western Massachusetts Springfield, MA | $263,677,089 | $50,890,910 |
Essex County Community Foundation Incorporated Danvers, MA | $116,029,343 | $28,414,247 |
Community Foundations Of The Hudson Valley Poughkeepsie, NY | $96,104,226 | $20,607,422 |
The Berkshire Taconic Community Foundation Inc Sheffield, MA | $235,546,714 | $26,961,716 |
Greater Worcester Community Foundation Inc Worcester, MA | $200,476,252 | $22,847,423 |
Community Foundation Of Herkimer And Oneida Counties Inc Utica, NY | $207,402,752 | $30,922,448 |
Community Foundation Of Greater Johnstown Johnstown, PA | $89,313,800 | $19,729,908 |
Community Foundation Of Eastern Connecticut New London, CT | $123,416,332 | $10,480,728 |
Southcoast Community Foundation Inc New Bedford, MA | $53,147,669 | $13,725,688 |
The Community Foundation For The Greater Capital Region Inc Albany, NY | $120,227,075 | $24,885,752 |
Connecticut Community Foundation Inc Waterbury, CT | $154,014,275 | $11,174,882 |