Hop & Mae Adams Foundation
- Assets
- $46.0m
- Revenue
- $4.6m
- Investments
- $9.1m
- Employees
- 0
- Location
- Boise, ID
- Founding
- 05/2010
- Data as of
- 03/2023
- 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 03/2023, Hop & Mae Adams Foundation generated $4.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $2.5m during the year ending 03/2023. While expenses have increased by 6.8% 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 27 individual grants totaling $640,485. 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 | 3/30/23 | $277,005 |
Sos Realty Group Llc | 3/30/23 | $115,073 |
Frame Architecture | 3/30/23 | $76,813 |
Lumos & Associates | 3/30/23 | $52,022 |
Robertson Stephens Wealth Mgmt Llc | 3/30/23 | $86,964 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,360 |
| Dividends & Interest | $329,260 |
| Net Rental Income | $1,448,463 |
| Net Gain on Sale of Assets | $2,755,828 |
| Capital Gain Net Income | $2,755,828 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$25,996 |
| Total Revenue | $4,644,942 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $185,735 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $252,764 |
| Depreciation | $721,651 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $40,960 |
| Printing and publications | $0 |
| Other expenses | $521,530 |
| Total operating and administrative expenses | $2,221,946 |
| Contributions, gifts, grants paid | $252,389 |
| Total expenses and disbursements | $2,474,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,428,834 |
| Net Accounts receivable | $417,152 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $742,121 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,994 |
| Net Investments - land, buildings, equipment | $8,251,361 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,964,554 |
| Net Land, buildings, and equipment | $14,802,707 |
| Other assets | $1,318,283 |
| Total assets | $46,024,202 |
| 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 | $749,049 |
| Total liabilities | $749,049 |
Grants Awarded
Over the last fiscal year, Hop & Mae Adams Foundation has awarded $252,389 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ADAMS NORTHGATE INC PURPOSE: COMBAT COMMUNITY DETERIORATION IN CARSON CITY, NEVADA. | $55,000 |
BASQUE MUSEUM & CULTURAL CENTER PURPOSE: EDUCATION. | $5,000 |
CARSON CITY HIGH SCHOOL PURPOSE: YOUTH EDUCATION. | $700 |
FRIENDS IN SERVICE HELPING (FISH) PURPOSE: FOOD AND SHELTER SERVICES. | $5,000 |
GREENHOUSE PROJECT PURPOSE: FLOWER BASKET PROJECT. | $73,202 |
NEVADA STATE EB-5 REGIONAL CENTER INC PURPOSE: CARSON CITY NEIGHBORHOOD DEVELOPMENT. | $33,737 |