Richard C Adkerson Family Foundation
- Assets
- $10.0m
- Revenue
- $728.9k
- Investments
- $9.8m
- Employees
- 0
- Location
- Jackson, WY
- Founding
- 07/1997
- Data as of
- 12/2021
- EIN
- 72-1353058
Organization Overview
Richard C Adkerson Family Foundation is located in Jackson, WY. The organization was established in 1997. 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. Richard C Adkerson 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 12/2021, Richard C Adkerson Family Foundation generated $728.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Richard C Adkerson Family Foundation has awarded 70 individual grants totaling $3,011,250. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Clark Adkerson Trustee | 0 | $0 | |
William Tyler Adkerson Trustee | 0 | $0 | |
Richard C Adkerson Trustee | 0 | $0 | |
Robert Ryan Adkerson Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $80,000 |
| Interest on Savings | $34,606 |
| Dividends & Interest | $203,515 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $410,770 |
| Capital Gain Net Income | $410,770 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $728,891 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,742 |
| Total operating and administrative expenses | $200,609 |
| Contributions, gifts, grants paid | $1,585,000 |
| Total expenses and disbursements | $1,785,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,763 |
| Savings and temporary cash investments | $121,669 |
| 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 | $3,202,720 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,017,934 |
| 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, Richard C Adkerson Family Foundation has awarded $1,585,000 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
Mississippi State, MS PURPOSE: RCA CHAIR OF ACCOUNTANCY | $200,000 |
Phoenix, AZ PURPOSE: GRAND CANYON EXPERIENCE | $200,000 |
Mississippi State, MS PURPOSE: ONLINE PROGRAMS FOR EXCELLENCE | $200,000 |
New Orleans, LA PURPOSE: GENERAL PURPOSE | $200,000 |
MISSISSIPPI STATE - THE BULLDOG CLUB INC PURPOSE: BASEBALL FACILITY | $200,000 |
Mississippi State, MS PURPOSE: ADKERSON ENDOWED GRADUATE FELLOWSHIP | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
Hughes Charitable Foundation Jackson, WY | $5,676,764 | $10,003,792 |
Air Force Academy Foundation USAF Academy, CO | $121,910,731 | $31,160,927 |
Adolph Coors Foundation Denver, CO | $181,746,526 | $17,055,158 |
Margulf Foundation Glendale, CO | $241,666,410 | $12,944,358 |
David C Butterfield And Alfonso D Rubio Memorial Foundation Aspen, CO | $229,390,732 | $219,209,286 |
Katherine W Dumke & Ezekiel R Dumke Jr Foundation Kaysville, UT | $0 | $4,334 |
Charles Schwab Corporation Foundation Lone Tree, CO | $19,264,373 | $12,956,371 |
Hirschfeld Family Foundation Inc Kearney, NE | $102,299,062 | $1,701,092 |
Louis Calder Foundation Denver, CO | $170,366,757 | $15,916,968 |
Crocker Catalyst Foundation Salt Lake City, UT | $1,077,515 | $3,770,687 |