Richard C Adkerson Family Foundation
- Assets
- $7.1m
- Revenue
- $530.1k
- Investments
- $6.7m
- Employees
- 0
- Location
- Laplace, LA
- Founding
- 07/1997
- Data as of
- 12/2023
- EIN
- 72-1353058
Organization Overview
Richard C Adkerson Family Foundation is located in Laplace, LA. 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 12/2023, Richard C Adkerson Family Foundation generated $530.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. While expenses have increased by 6.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Richard C Adkerson Family Foundation has awarded 158 individual grants totaling $6,566,994. 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
2023
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 C Adkerson Trustee | 0 | $0 | |
Richard Clark Adkerson Trustee | 0 | $0 | |
William Tyler Adkerson Trustee | 0 | $0 | |
Robert Ryan Adkerson Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $120,000 |
| Interest on Savings | $25,547 |
| Dividends & Interest | $335,724 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,785 |
| Capital Gain Net Income | $48,785 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $530,056 |
| 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 | $0 |
| Total operating and administrative expenses | $200,737 |
| Contributions, gifts, grants paid | $1,836,500 |
| Total expenses and disbursements | $2,037,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,901 |
| Savings and temporary cash investments | $352,889 |
| 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 | $863,229 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,050,738 |
| 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 $1,836,500 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
TUPELO-LEE HUMANE SOCIETY PURPOSE: GENERAL PURPOSE | $1,000 |
CCA LOUISIANA PURPOSE: GENERAL PURPOSE | $1,000 |
ST MARTIN'S EPISCOPAL SCHOOL PURPOSE: GENERAL PURPOSE | $1,000 |
METROPOLITAN CRIME COMMISSION INC PURPOSE: GENERAL PURPOSE | $1,000 |
VCPORA PURPOSE: 2023 GALA | $2,500 |
VIEUX CARRE COMMISSION FOUNDATION PURPOSE: ORLEANS SPONSORSHIP | $2,500 |