Adair Family Foundation
- Assets
- $53.6k
- Revenue
- $51.5k
- Investments
- $37.6k
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 09/2016
- Data as of
- 12/2022
- EIN
- 81-3935813
Organization Overview
Adair Family Foundation is located in Las Vegas, NV. The organization was established in 2016. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adair 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 12/2022, Adair Family Foundation generated $51.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $59.1k during the year ending 12/2022. While expenses have increased by 23.7% per year over the past 6 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luther Adair Director | 5 | $0 | |
Rachael Adair Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $44,481 |
| Interest on Savings | $0 |
| Dividends & Interest | $877 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,108 |
| Capital Gain Net Income | $6,108 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $51,466 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3,516 |
| Taxes | $5 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $25,402 |
| Printing and publications | $0 |
| Other expenses | $20,337 |
| Total operating and administrative expenses | $51,525 |
| Contributions, gifts, grants paid | $7,547 |
| Total expenses and disbursements | $59,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $357 |
| Savings and temporary cash investments | $0 |
| 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 | $37,631 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $15,647 |
| Total assets | $53,635 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $10,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $34,202 |
| Total liabilities | $44,202 |
Grants Awarded
Over the last fiscal year, Adair Family Foundation has awarded $7,470 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
STEM NOLA (SN) PURPOSE: GENERAL SUPPORT OF ITS MISSION. | $250 |
ANTONIO WEBB MD PURPOSE: GENERAL SUPPORT OF ITS MISSION. | $500 |
STEAM PROJECT TWILIGHT FOR THE WEARY PURPOSE: GENERAL SUPPORT OF ITS MISSION. | $500 |
YOUNG EISNER SCHOLARS (YES) PURPOSE: GENERAL SUPPORT OF ITS MISSION. | $520 |
CLARK COUNTY BLACK CAUCUS - STEAM EDUCATION INITIATIVE PURPOSE: GENERAL SUPPORT OF ITS MISSION. | $1,200 |
MEHARRY MEDICAL COLLEGE PURPOSE: GENERAL SUPPORT OF ITS MISSION. | $4,500 |