Ades Family Foundation Inc
- Assets
- $17.3m
- Revenue
- $1.0m
- Investments
- $5.5m
- Employees
- 0
- Location
- Hallandale Beach, FL
- Founding
- Data as of
- 12/2023
- EIN
- 85-2853438
Organization Overview
Ades Family Foundation Inc is located in Hallandale Beach, FL. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ades Family 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, Ades Family Foundation Inc generated $1.0m 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 (39.5%) each year. All expenses for the organization totaled $533.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Ades Family Foundation Inc has awarded 26 individual grants totaling $661,633. 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
ACQUIRED LAND AND LEASED IT TO JEWISH LEADERSHIP ACADEMY, A SECTION 501(C)(3) ORGANIZATION.
PROVIDED MONETARY SUPPORT TO VARIOUS TAX-EXEMPT ORGANIZATIONS TO FURTHER THIER CHARITABLE ACTIVITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Ades President | 1 | $0 | |
Gisela Ades Secretary | 1 | $0 | |
Carlos Felipe Lemos Vice Preside | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $389,971 |
| Interest on Savings | $547,953 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $69,214 |
| Capital Gain Net Income | $69,214 |
| Net ST Capital Gain | $69,214 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $215 |
| Total Revenue | $1,007,353 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $143,500 |
| Pension plans, employee benefits | $11,209 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $416 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $12,437 |
| Printing and publications | $0 |
| Other expenses | $9,117 |
| Total operating and administrative expenses | $290,497 |
| Contributions, gifts, grants paid | $242,952 |
| Total expenses and disbursements | $533,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,277 |
| Savings and temporary cash investments | $3,055,119 |
| 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 | $8,113,927 |
| Other assets | $636,966 |
| Total assets | $17,322,714 |
| 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, Ades Family Foundation Inc has awarded $242,952 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICA GIVES PURPOSE: CHARITABLE DONATION | $3,600 |
AMERICAN FRIENDS OF LIBI PURPOSE: CHARITABLE DONATION | $43,500 |
AMERICAN FRIENDS OF MAGEN PURPOSE: CHARITABLE DONATION | $10,000 |
AMERICAN ISRAEL EDUCATION PURPOSE: CHARITABLE DONATION | $75,000 |
CLOSE UP FOUNDATION PURPOSE: CHARITABLE DONATION | $1,677 |
FALIC FAMILY FOUNDATION PURPOSE: CHARITABLE DONATION | $10,000 |