Adams Family Foundation
- Assets
- $295.0k
- Revenue
- $21.2k
- Investments
- $289.5k
- Employees
- 0
- Location
- Paris, TN
- Founding
- 12/2006
- Data as of
- 12/2023
- EIN
- 20-5007846
Organization Overview
Adams Family Foundation is located in Paris, TN. 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. Adams Family 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 12/2023, Adams Family Foundation generated $21.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $36.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Adams Family Foundation has awarded 97 individual grants totaling $215,396. 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
2023
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 |
|---|---|---|---|
Cindy A Tillett Director | 1 | $0 | |
Janet A Odom Director | 1 | $0 | |
Pamela A Richardson Director | 1 | $0 | |
David Esullivan Director | 2 | $0 | |
Patricia R Adams Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,079 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,128 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,207 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $182 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32 |
| Total operating and administrative expenses | $784 |
| Contributions, gifts, grants paid | $35,400 |
| Total expenses and disbursements | $36,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,189 |
| Savings and temporary cash investments | $1,220 |
| 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 | $294,951 |
| Accounts payable and accrued expenses | $23 |
| 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 | $23 |
Grants Awarded
Over the last fiscal year, Adams Family Foundation has awarded $35,400 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST UNITED METHODIST CHURCH PURPOSE: SUPPORT PROGRAM | $2,500 |
THE SHED CO HENRY COUNTY SHERRIFF'S DEPT PURPOSE: SUPPORT PROGRAM | $5,000 |
PLUS ENDOWMENT PURPOSE: EDUCATION | $3,000 |
PARIS DOWNTOWN BOXING GYM PURPOSE: SUPPORT PROGRAM | $3,000 |
CARING HEARTS FUND PURPOSE: SUPPORT PROGRAM | $3,000 |
HELPING HANDS PURPOSE: SUPPORT PROGRAM | $4,000 |