Adventus Foundation Inc
- Assets
- $1.4m
- Revenue
- $261.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Oxford, MS
- Founding
- 07/2019
- Data as of
- 12/2023
- EIN
- 83-2812614
Organization Overview
Adventus Foundation Inc is located in Oxford, MS. The organization was established in 2019. 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. Adventus Foundation Inc 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, Adventus Foundation Inc generated $261.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (24.4%) each year.
Since 2019, Adventus Foundation Inc has awarded 24 individual grants totaling $1,033,250. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dickson Perry President & Director | 10 | $0 | |
Charles J Allen Director | 5 | $0 | |
Steve Strickland Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,650 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,731 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $261,919 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $48,886 |
| Taxes | $21,450 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,131 |
| Total operating and administrative expenses | $78,467 |
| Contributions, gifts, grants paid | $101,000 |
| Total expenses and disbursements | $179,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,928 |
| Savings and temporary cash investments | $941,186 |
| 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 | $400,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,395,114 |
| 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 | $398,199 |
| Total liabilities | $398,199 |
Grants Awarded
Over the last fiscal year, Adventus Foundation Inc has awarded $101,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MISSISSIPPI OFFENDER REENTRY EXPERIENCE (MORE) PURPOSE: DONATION | $10,000 |
ALL THINGS NEW INC PURPOSE: DONATION | $60,000 |
TAG KIDS CLUB PURPOSE: DONATION | $30,000 |
EQUIPPING LEADERS INTERNATIONAL PURPOSE: DONATION | $1,000 |