Hop & Mae Adams Foundation
- Assets
- $43.9m
- Revenue
- $7.0m
- Investments
- $8.8m
- Employees
- 0
- Location
- Boise, ID
- Founding
- 05/2010
- Data as of
- 03/2022
- EIN
- 27-1393341
Organization Overview
Hop & Mae Adams Foundation is located in Boise, ID. The organization was established in 2010. 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. Hop & Mae 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 03/2022, Hop & Mae Adams Foundation generated $7.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 64.5% each year . All expenses for the organization totaled $2.3m during the year ending 03/2022. While expenses have increased by 9.5% 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 2021, Hop & Mae Adams Foundation has awarded 16 individual grants totaling $388,096. 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 |
|---|---|---|---|
Steven G Neighbors Co-Trustee | 2 | $0 | |
Edward D Ahrens Co-Trustee | 2 | $0 | |
Christopher Mackenzie Co-Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Strategic & Operational Solutions Inc | 3/30/22 | $264,525 |
Robertson Stephens Wealth Mgmt Llc | 3/30/22 | $78,630 |
Sos Realty Group Llc | 3/30/22 | $80,301 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,200,000 |
| Interest on Savings | $3,070 |
| Dividends & Interest | $361,913 |
| Net Rental Income | $1,362,630 |
| Net Gain on Sale of Assets | $1,759,272 |
| Capital Gain Net Income | $1,759,272 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $127,320 |
| Total Revenue | $6,965,158 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $37,925 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $172,312 |
| Depreciation | $717,727 |
| Occupancy | $1,500 |
| Travel, conferences, and meetings | $21,035 |
| Printing and publications | $0 |
| Other expenses | $511,286 |
| Total operating and administrative expenses | $2,053,380 |
| Contributions, gifts, grants paid | $243,143 |
| Total expenses and disbursements | $2,296,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,858,990 |
| Net Accounts receivable | $369,918 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $1,036,460 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,993 |
| Net Investments - land, buildings, equipment | $8,626,046 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,014,260 |
| Net Land, buildings, and equipment | $15,176,379 |
| Other assets | $22,835 |
| Total assets | $43,868,364 |
| 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 | $763,818 |
| Total liabilities | $763,818 |
Grants Awarded
Over the last fiscal year, Hop & Mae Adams Foundation has awarded $243,143 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Carson City, NV PURPOSE: PROVIDE WORKFORCE DEVELOPMENT AND SUPPORT ECONOMIC DEVELOPMENT. | $110,000 |
Carson City, NV PURPOSE: CARSON CITY NEIGHBORHOOD DEVELOPMENT. | $65,000 |
Carson City, NV PURPOSE: DISADVANTAGED YOUTH. | $30,000 |
ST TERESA OF AVILA CATHOLIC SCHOOL PURPOSE: YOUTH EDUCATION. | $10,000 |
GREENHOUSE PROJECT PURPOSE: FLOWER BASKET PROJECT. | $10,000 |
NORTHERN NEVADA SCORE PURPOSE: PROVIDE WORKFORCE DEVELOPMENT. | $5,643 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wilburforce Foundation Seattle, WA | $159,747,435 | $25,133,506 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Islands Foundation Richland, WA | $219,157,832 | $26,464,404 |
Oscar T And Olivann Hokoldfoundation Lakewood, WA | $0 | $15,898,165 |
Hughes Charitable Foundation Jackson, WY | $5,676,764 | $10,003,792 |
William A Looney Family Foundation Seattle, WA | $2,970,328 | $1,865,530 |
Fairview Foundation Seattle, WA | $22,161,652 | $15,221,518 |
Katherine W Dumke & Ezekiel R Dumke Jr Foundation Kaysville, UT | $0 | $4,334 |
Roundhouse Foundation Irrv Charitable Tr Sisters, OR | $376,773,592 | $260,472,613 |
Crocker Catalyst Foundation Salt Lake City, UT | $1,077,515 | $3,770,687 |
James D And Sherry Raisbeck Foundation Seattle, WA | $19,522,688 | $18,818,250 |
Gianforte Fam Charitable Tr Bozeman, MT | $232,267,609 | $12,872,148 |