Lk & Shirl Adamson Foundation
- Assets
- $6.2m
- Revenue
- $6.6m
- Investments
- $5.8m
- Employees
- 0
- Location
- Lafayette, LA
- Founding
- Data as of
- 09/2023
- EIN
- 88-2560486
Organization Overview
Lk & Shirl Adamson Foundation is located in Lafayette, LA. 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. Lk & Shirl Adamson Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,654,782 |
| Interest on Savings | $0 |
| Dividends & Interest | $93,520 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $332,018 |
| Capital Gain Net Income | $332,018 |
| Net ST Capital Gain | $1,710 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $486,778 |
| Total Revenue | $6,567,098 |
| 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 | $620 |
| Contributions, gifts, grants paid | $372,000 |
| Total expenses and disbursements | $372,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $376,387 |
| 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 | $3,619,698 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,194,478 |
| 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, Lk & Shirl Adamson Foundation has awarded $372,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
UNITY SCHOOL OF CHRISTIANITY PURPOSE: CONTRIBUTION TO ASSIST WITH EXEMPT PURPOSE | $37,200 |
FRIENDS OF LPB PURPOSE: CONTRIBUTION TO ASSIST WITH EXEMPT PURPOSE | $37,200 |
SCIENCE OF MIND FOUNDATION PURPOSE: CONTRIBUTION TO ASSIST WITH EXEMPT PURPOSE | $37,200 |
FOUNDATION FOR INNER PEACE PURPOSE: CONTRIBUTION TO ASSIST WITH EXEMPT PURPOSE | $37,200 |
LAFAYETTE PUBLIC LIBRARY PURPOSE: CONTRIBUTION TO ASSIST WITH EXEMPT PURPOSE | $37,200 |
UNIVERSITY OF OKLAHOMA PURPOSE: CONTRIBUTION TO ASSIST WITH EXEMPT PURPOSE | $37,200 |