Charles V Mcadam Jr Charitable Foundation Inc
- Assets
- $1.7m
- Revenue
- -$62.4k
- Investments
- $1.7m
- Employees
- 0
- Location
- Bronx, NY
- Founding
- 08/1998
- Data as of
- 12/2022
- EIN
- 31-1603603
Organization Overview
Charles V Mcadam Jr Charitable Foundation Inc is located in Bronx, NY. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charles V Mcadam Jr Charitable Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2019, Charles V Mcadam Jr Charitable Foundation Inc has awarded 67 individual grants totaling $352,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIFT TO CLARKSON UNIVERSITY-EDUCATIONAL PURPOSES
GIFT TO HONOR HEALTH FOUNDATION-MEDICAL PURPOSES
GIFT TO VAIL VALLEY FUND-EDUCATIONAL PURPOSES
GIFT TO BRIGHT FUTURES-EDUCATIONAL PURPOSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank G Mcadam President | 0 | $0 | |
Charles V Mcadam III Director | 0 | $0 | |
Brad M Mcadam Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $24,333 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$86,775 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$62,442 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,960 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,377 |
| Total operating and administrative expenses | $56,337 |
| Contributions, gifts, grants paid | $105,000 |
| Total expenses and disbursements | $161,337 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,736 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,703,816 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Charles V Mcadam Jr Charitable Foundation Inc has awarded $105,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ASU FOUNDATION PURPOSE: TO ASSIST CHARITIES TO CONTINUE THEIR CHARITABLE PURPOSE. | $2,500 |
BRIGHT FUTURE FOUNDATION OF EAGLE COUNTY PURPOSE: TO ASSIST CHARITIES TO CONTINUE THEIR CHARITABLE PURPOSE. | $6,500 |
CLARKSON UNIVERSITY PURPOSE: TO ASSIST CHARITIES TO CONTINUE THEIR CHARITABLE PURPOSE. | $50,000 |
DANA-FARBER CANCER INSTITUTE PURPOSE: TO ASSIST CHARITIES TO CONTINUE THEIR CHARITABLE PURPOSE. | $1,000 |
JUNIOR GOLD ASSOCIATION OF ARIZONA PURPOSE: TO ASSIST CHARITIES TO CONTINUE THEIR CHARITABLE PURPOSE. | $5,000 |
LITERARY SOCIETY OF THE SOUTHWEST PURPOSE: TO ASSIST CHARITIES TO CONTINUE THEIR CHARITABLE PURPOSE. | $2,500 |