Adelman Family Foundation
- Assets
- $408.0k
- Revenue
- $18.3k
- Investments
- $403.5k
- Employees
- 0
- Location
- Free Union, VA
- Founding
- 09/1995
- Data as of
- 12/2023
- EIN
- 54-1746176
Organization Overview
Adelman Family Foundation is located in Free Union, VA. The organization was established in 1995. 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. Adelman 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 12/2023, Adelman Family Foundation generated $18.3k 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 (7.6%) each year. All expenses for the organization totaled $27.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Adelman Family Foundation has awarded 86 individual grants totaling $242,750. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $133 |
| Dividends & Interest | $24,197 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,018 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,312 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | -$535 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37 |
| Total operating and administrative expenses | -$18 |
| Contributions, gifts, grants paid | $27,500 |
| Total expenses and disbursements | $27,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,480 |
| 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 | $403,492 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $407,972 |
| 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, Adelman Family Foundation has awarded $27,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
FOCUS ON THE FAMILY PURPOSE: GENERAL OPERATIONS | $3,000 |
ADVANCING NATIVE MISSIONS PURPOSE: GENERAL OPERATIONS | $5,000 |
BLUE RIDGE AREA FOOD BANK PURPOSE: GENERAL OPERATIONS | $5,000 |
SAMARITAN'S PURSE PURPOSE: GENERAL OPERATIONS | $1,500 |
THE NAVIGATORS PURPOSE: GENERAL OPERATIONS | $1,000 |
GIDEONS INTERNATIONAL PURPOSE: GENERAL OPERATIONS | $1,000 |