Kermit And Patricia Adler Foundation Inc
- Assets
- $327.9k
- Revenue
- $16.6k
- Investments
- $326.1k
- Employees
- 0
- Location
- New Milford, CT
- Founding
- 07/2019
- Data as of
- 12/2023
- EIN
- 83-3107131
Organization Overview
Kermit And Patricia Adler Foundation Inc is located in New Milford, CT. 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. Kermit And Patricia Adler 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, Kermit And Patricia Adler Foundation Inc generated $16.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (42.7%) each year. All expenses for the organization totaled $21.0k during the year ending 12/2023. 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 |
|---|---|---|---|
Arthur Weinshank President | 0.5 | $300 | |
Joshua Weinshank Secretary | 0.5 | $300 | |
Timothy Riordan Director | 0.5 | $400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $17,722 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,158 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,566 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,000 |
| 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 | $150 |
| Total operating and administrative expenses | $3,045 |
| Contributions, gifts, grants paid | $18,000 |
| Total expenses and disbursements | $21,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,722 |
| 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 | $327,866 |
| 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, Kermit And Patricia Adler Foundation Inc has awarded $18,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ABILITY BEYOND DISABILITY PURPOSE: ASSIST THE ORGANIZATION IN PROVIDING SERVICES TO THE DISABLED | $1,000 |
CARMELLA'S CUPBOARD PURPOSE: ENABLE THE CHARITY TO PROVIDE FOOD TO THE NEEDY | $2,000 |
HUNT HILL FARM TRUST INC PURPOSE: SUPPORT THE CHARITY TO ALLOW IT TO PROVIDE ITS PROGRAMMING FOR THE COMMUNITY | $2,000 |
LOAVES & FISHES HOSPITALITY HOUSE INC PURPOSE: ENABLE THE CHARITY TO PROVIDE FOOD TO THE NEEDY | $2,000 |
MERWINSVILLE HOTEL RESTORATION INC PURPOSE: ASSIST THE CHARITY IN RESTORING AN HISTORICAL STRUCTURE | $2,000 |
RIDGEFIELD VISITING NURSE ASSOCIATION PURPOSE: ASSIST IN PROVIDING COMMUNITY SERVICES | $1,500 |