Adams Foundation
- Assets
- $654.1k
- Revenue
- -$1.5k
- Investments
- $624.5k
- Employees
- 0
- Location
- Montgomery, AL
- Founding
- 05/1992
- Data as of
- 12/2022
- EIN
- 63-1059010
Organization Overview
Adams Foundation is located in Montgomery, AL. The organization was established in 1992. 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. 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.
Since 2016, Adams Foundation has awarded 48 individual grants totaling $411,150. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $34 |
| Dividends & Interest | $19,503 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$21,028 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14 |
| Total Revenue | -$1,477 |
| 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 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,882 |
| Total operating and administrative expenses | $10,572 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $40,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,535 |
| 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 | $654,067 |
| Accounts payable and accrued expenses | $1,332 |
| 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 | $1,332 |
Grants Awarded
Over the last fiscal year, Adams Foundation has awarded $30,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MONTGOMERY ROTARY CHARITY FOUNDATION PURPOSE: HUMANITARIAN | $500 |
ROTARY FOUNDATION PURPOSE: HEALTH & EDUCATIONAL | $6,000 |
THIRD MILLENNIUM MINISTRIES PURPOSE: EDUCATIONAL | $2,000 |
WESTPOINT FUND PURPOSE: EDUCATIONAL | $6,500 |
TROY UNIVERSITY FOUNDATION PURPOSE: EDUCATIONAL | $15,000 |