Adams Legacy Foundation A Delaware Nonprofit Corporation
- Assets
- $15.1m
- Revenue
- -$89.0k
- Investments
- $14.6m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/2009
- Data as of
- 12/2022
- EIN
- 26-3373791
Organization Overview
Adams Legacy Foundation A Delaware Nonprofit Corporation is located in Chicago, IL. The organization was established in 2009. 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. Adams Legacy Foundation A Delaware Nonprofit Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Adams Legacy Foundation A Delaware Nonprofit Corporation has awarded 84 individual grants totaling $1,173,275. 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 |
|---|---|---|---|
Peter D Adams President | 1 | $0 | |
Rebecca B Adams Vice President | 1 | $0 | |
Blair Carty Treasurer/executive Director/chairman Of Board | 10 | $75,000 | |
Marlee Snowdon Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $366,948 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$416,780 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$39,205 |
| Total Revenue | -$89,037 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,000 |
| Other employee salaries and wages | $16,682 |
| Pension plans, employee benefits | $7,224 |
| Interest | $0 |
| Taxes | $23,688 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,258 |
| Printing and publications | $0 |
| Other expenses | $31,385 |
| Total operating and administrative expenses | $240,683 |
| Contributions, gifts, grants paid | $407,275 |
| Total expenses and disbursements | $647,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $477,986 |
| 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 | $371,072 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,051,021 |
| Accounts payable and accrued expenses | $15,036 |
| 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 | $15,036 |
Grants Awarded
Over the last fiscal year, Adams Legacy Foundation A Delaware Nonprofit Corporation has awarded $407,275 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ST ALBAN'S EPISCOPAL PURPOSE: TURKEY TROT | $1,000 |
OUR HOUSE PURPOSE: GOLF SPORT CTR ERIN LA | $20,000 |
COMMUNITY PARTNERS PURPOSE: WILDWOODS | $70,000 |
WILDERNESS YOUTH PROJECT PURPOSE: BRIDGE TO NATURE | $25,000 |
UNITED BOYS & GIRLS CLUB OF GREATER PURPOSE: SCIENCE & MATH CAMP | $5,000 |
HEARTS THERAPUTIC EQUESTRIAN CENTER PURPOSE: GENERAL | $10,000 |