Adams Endowment Fund Inc
- Assets
- $7.3m
- Revenue
- $181.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Sterling, VA
- Founding
- 07/2007
- Data as of
- 12/2021
- EIN
- 59-3835394
Organization Overview
Adams Endowment Fund Inc is located in Sterling, VA. The organization was established in 2007. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adams Endowment Fund Inc 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, Adams Endowment Fund Inc generated $181.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $4.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING ORGANIZATION OF A RELIGIOUS CHARITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCUMULATION OF FUNDS FOR FUTURE OPERATIONS OF ALL DULLES AREA MUSLIM SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Tanveer Mirza Director/secretary | OfficerTrustee | 0.5 | $0 |
M Omar Ashraf Chairman/treasurer | OfficerTrustee | 1 | $0 |
Dr Mahsin Habib President | OfficerTrustee | 0.5 | $0 |
Dr Imran Khan Vice President | OfficerTrustee | 0.5 | $0 |
Mohammad Ahsanullah Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $85,619 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,619 |
| Total Program Service Revenue | $0 |
| Investment income | $7,245 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $88,429 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $181,293 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $309,625 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,952,435 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,053,038 |
| Total assets | $7,315,098 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $167,113 |
| Net assets with donor restrictions | $7,147,985 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,315,098 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Adams Endowment Fund Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Sterling Charitable Gift Fund Tr Herndon, VA PURPOSE: PROGRAM ASSISTANCE - COMMUNITY SERVICES | $7,500 |
Endowment Analysis
| Beg. Balance | $6,341,098 |
| Ending Balance | $6,341,098 |
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|---|---|---|
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Rescue Legacy Fund Inc Durham, NC | $26,511,238 | $3,583,922 |
Bellevue Foundation Inc Cordova, TN | $4,434,633 | $1,873,411 |
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Cathedral Of The Sacred Heart Foundation Richmond, VA | $1,493,251 | $566,622 |
Camp St Charles Inc Issue, MD | $696,980 | $720,122 |
Ground 40 Ministries Monroe, NC | $160,310 | $647,877 |
Virginia Baptist Childrens Home & Family Services Foundation Salem, VA | $12,915,726 | $2,531,560 |
Acc Foundation Washington, DC | $169,352 | $568,950 |