Adams Family Foundation Of Nora Springs Iowa
- Assets
- $25.3m
- Revenue
- $4.3m
- Investments
- $16.0m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 01/2008
- Data as of
- 12/2021
- EIN
- 25-5100130
Organization Overview
Adams Family Foundation Of Nora Springs Iowa is located in Wilmington, DE. The organization was established in 2008. 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 Of Nora Springs Iowa 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, Adams Family Foundation Of Nora Springs Iowa generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 34.8% each year . All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 12.0% per year over the past 4 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 2020, Adams Family Foundation Of Nora Springs Iowa has awarded 38 individual grants totaling $2,108,520. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angie L Pippert Dir, Pres | 10 | $23,000 | |
Debra O'banion Treas, Dir | 10 | $18,000 | |
Lori M Jost Dir, Sec | 3 | $5,500 | |
Kenneth Kirk Dir | 3 | $3,000 | |
Michael Marth Dir, VP | 3 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,333 |
| Interest on Savings | $772 |
| Dividends & Interest | $309,846 |
| Net Rental Income | $144,802 |
| Net Gain on Sale of Assets | $3,768,180 |
| Capital Gain Net Income | $3,765,760 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $28,900 |
| Total Revenue | $4,297,352 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $52,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $2,869 |
| Interest | $0 |
| Taxes | $55,950 |
| Depreciation | $1,247 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $449 |
| Printing and publications | $0 |
| Other expenses | $77,335 |
| Total operating and administrative expenses | $310,828 |
| Contributions, gifts, grants paid | $1,338,020 |
| Total expenses and disbursements | $1,648,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $630,217 |
| 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 | $8,638,657 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,006,726 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $25,283,307 |
| 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 | $2,119 |
| Total liabilities | $2,119 |
Grants Awarded
Over the last fiscal year, Adams Family Foundation Of Nora Springs Iowa has awarded $1,338,020 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF NORA SPRINGS PURPOSE: GENERAL & UNRESTRICTED (SEE GENERAL EXPLANATION ATTACHMENT) | $369,000 |
CITY OF NORA SPRINGS PURPOSE: OLD MILL POND EAST PARKING LOT IMPROVEMENT PROJECT | $360,000 |
Mason City, IA PURPOSE: ADAMS FAMILY FOUNDATION OF NORA SPRINGS, IOWA SCHOLARSHIP FUND | $240,000 |
CITY OF NORA SPRINGS PURPOSE: PARKS & REC #131-4 FOR OLD MILL POND PARK IMPROVEMENTS | $75,000 |
CITY OF NORA SPRINGS PURPOSE: PARKS & REC PROJECT #115-4 FOR TRAIL CONSTRUCTION | $70,000 |
Nora Springs, IA PURPOSE: TO PURCHASE SELF CONTAINED BREATHING APPARATUS (SCBA) REPLACEMENT | $62,848 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
F M Kirby Foundation Inc Morristown, NJ | $303,494,554 | $34,334,700 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA | $250,926,779 | $43,460,229 |
Victoria Foundation Inc Newark, NJ | $335,393,283 | $24,137,337 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |