Adams Family Foundation
- Assets
- $902.9k
- Revenue
- $16.2k
- Investments
- $853.5k
- Employees
- 0
- Location
- Winchester, VA
- Founding
- 06/2011
- Data as of
- 06/2023
- EIN
- 27-4239765
Organization Overview
Adams Family Foundation is located in Winchester, VA. The organization was established in 2011. 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 06/2023, Adams Family Foundation generated $16.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $59.3k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Adams Family Foundation has awarded 135 individual grants totaling $404,320. 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 |
|---|---|---|---|
Ellen Adams President | 1 | $0 | |
Richard Bell Executive Vice President | 5 | $0 | |
Garth Adams Vice President | 1 | $0 | |
Rebecca Leith Boyd Secretary | 1 | $0 | |
Sarah Bell Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,756 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,546 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,210 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,339 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,338 |
| Contributions, gifts, grants paid | $45,000 |
| Total expenses and disbursements | $59,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,456 |
| Savings and temporary cash investments | $0 |
| 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 | $199,576 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $902,925 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $36,000 |
| 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 | $36,000 |
Grants Awarded
Over the last fiscal year, Adams Family Foundation has awarded $45,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
DOUGLAS ALUMNI ASSOCIATION PURPOSE: GENERAL FUND | $4,000 |
ART DE LIBRE PURPOSE: GENERAL FUND | $1,000 |
CELERBRATING PATSY CLINE PURPOSE: GENEARL FUND | $1,000 |
BLUE RIDGE AREA FOOD BANK PURPOSE: GENERAL FUND | $500 |
BURGUNDY FARMS COUNTRY DAY SCHOOL PURPOSE: GENERAL FUND | $1,500 |
CCAP PURPOSE: GENERAL FUND | $1,500 |