Robert M Adams Foundation
- Assets
- $450.1k
- Revenue
- $24.7k
- Investments
- $450.1k
- Employees
- 0
- Location
- Eden Prairie, MN
- Founding
- 10/1997
- Data as of
- 12/2021
- EIN
- 41-1874410
Organization Overview
Robert M Adams Foundation is located in Eden Prairie, MN. The organization was established in 1997. According to its NTEE Classification (T30) the organization is classified as: Public 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. Robert M 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 12/2021, Robert M Adams Foundation generated $24.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $29.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Robert M Adams Foundation has awarded 57 individual grants totaling $164,600. 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 |
|---|---|---|---|
Julie Hawkins Director | 0 | $0 | |
Katherine Soens-Adams Director | 0 | $0 | |
William M Adams Director | 0 | $0 | |
Carl A Adams Director | 0 | $0 | |
John W Adams Director | 0 | $0 | |
Evaline Boersma Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $226 |
| Dividends & Interest | $14,536 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,972 |
| Capital Gain Net Income | $1,780 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,734 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $648 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,234 |
| Total operating and administrative expenses | $5,752 |
| Contributions, gifts, grants paid | $24,000 |
| Total expenses and disbursements | $29,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $450,142 |
| 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 | $747 |
| Total liabilities | $747 |
Grants Awarded
Over the last fiscal year, Robert M Adams Foundation has awarded $24,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MEDICINE FOR HUMANITY PURPOSE: GENERAL PURPOSE | $13,000 |
Olympia, WA PURPOSE: GENERAL PURPOSE | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Hope Gospel Mission Inc Eau Claire, WI | $10,860,307 | $6,194,588 |
Community Foundation Of Johnson Coralville, IA | $45,550,796 | $9,673,780 |
The American Center For Philanthropy Inc Northfield, MN | $38,336,369 | $9,301,432 |
Lyon County Riverboat Foundation Inc Rock Rapids, IA | $2,226,608 | $3,365,358 |
Morgan Memorial Foundation Inc Morgan, MN | $3,017,509 | $3,804,451 |
Believers Stewardship Services Inc Dubuque, IA | $18,487,302 | $3,760,622 |
Nexus Community Partners Saint Paul, MN | $15,080,839 | $10,294,112 |
Caseys Charities Ankeny, IA | $167,680 | $3,051,265 |
Frances L Nelson Foundation Ltd Madison, WI | $5,074 | -$19,273 |
Laboure Society Eagan, MN | $5,263,561 | $3,075,426 |