John And Patricia Adams Foundation
- Assets
- $6.6m
- Revenue
- $758.4k
- Investments
- $6.5m
- Employees
- 0
- Location
- Bedford, TX
- Founding
- 05/2006
- Data as of
- 12/2021
- EIN
- 20-4480039
Organization Overview
John And Patricia Adams Foundation is located in Bedford, TX. The organization was established in 2006. 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. John And Patricia Adams 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 12/2021, John And Patricia Adams Foundation generated $758.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $426.3k during the year ending 12/2021. While expenses have increased by 2.9% 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, John And Patricia Adams Foundation has awarded 32 individual grants totaling $1,873,520. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE JOHN AND PATRICIA ADAMS FOUNDATION IS TO PROVIDE FUNDING ON A PERPETUAL BASIS TO DESERVING ORGANIZATIONS THAT ARE ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS OR EDUCATIONAL PURPOSES, WITH EMPHASIS ON EDUCATION, WITHIN THE MEANING OF SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Brown Trustee | 0 | $0 | |
John Adams President | 0 | $0 | |
Patricia Adams Secretary | 0 | $0 | |
Sherri Adams Trustee | 0 | $0 | |
Lary Snodgrass Trustee | 0 | $0 | |
Sam P Burford Jr Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $20,672 |
| Dividends & Interest | $139,549 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $598,207 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $758,428 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $830 |
| Depreciation | $0 |
| Occupancy | $9,200 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $43,833 |
| Total operating and administrative expenses | $63,258 |
| Contributions, gifts, grants paid | $363,000 |
| Total expenses and disbursements | $426,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $111,342 |
| Net Accounts receivable | $4,128 |
| 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 | $6,632,390 |
| Accounts payable and accrued expenses | $55 |
| 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 | $55 |
Grants Awarded
Over the last fiscal year, John And Patricia Adams Foundation has awarded $363,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
HEIDELBERG COLLEGE PURPOSE: PATRICIA ADAM LECTURE SERIES | $100,000 |
Fort Worth, TX PURPOSE: PREK CHILD PARTNERSHIP | $70,000 |
Fort Worth, TX PURPOSE: EDUCATIONAL PROGRAMS | $63,000 |
Pagosa Springs, CO PURPOSE: ENDOWMENT FUND | $50,000 |
RANGER ACADEMIC ENRICHMENT FDT PURPOSE: EDUCATIONAL PROGRAMS | $35,000 |
Dallas, TX PURPOSE: EDUCATIONAL PROGRAMS | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |