Adams Family Foundation I
- Assets
- $4.9m
- Revenue
- $427.6k
- Investments
- $4.8m
- Employees
- 0
- Location
- Murfreesboro, TN
- Founding
- 01/1993
- Data as of
- 12/2022
- EIN
- 62-1515107
Organization Overview
Adams Family Foundation I is located in Murfreesboro, TN. The organization was established in 1993. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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 I 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 12/2022, Adams Family Foundation I generated $427.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $551.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Adams Family Foundation I has awarded 142 individual grants totaling $1,584,000. 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 |
|---|---|---|---|
Robert Adams Trustee | 0 | $0 | |
Fred Adams Trustee | 0 | $0 | |
Joanne Coggin Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21 |
| Dividends & Interest | $411,936 |
| Net Rental Income | $15,635 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $427,592 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,149 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,969 |
| Contributions, gifts, grants paid | $542,000 |
| Total expenses and disbursements | $550,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,753 |
| 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 | $80,329 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,926,394 |
| 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, Adams Family Foundation I has awarded $253,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR THE ARTS PURPOSE: GENERAL FUND | $15,000 |
BARNABAS VISION PURPOSE: GENERAL FUND | $80,000 |
MTCS LEGACY OF LIGHTS PURPOSE: GENERAL FUND | $5,000 |
HISTORIC SOCIETY PURPOSE: GENERAL FUND | $2,000 |
INTERFAITH DENTAL CLINI PURPOSE: GENERAL FUND | $5,000 |
TENNESSEE PARKS PURPOSE: GENERAL FUND | $2,500 |