Adagp Charitable Foundation
- Assets
- $6.1m
- Revenue
- $1.5m
- Investments
- $6.0m
- Employees
- 0
- Location
- Norristown, PA
- Founding
- 07/2003
- Data as of
- 06/2023
- EIN
- 03-0509965
Organization Overview
Adagp Charitable Foundation, operating under the name Auto Dealers Caring For Kids Fndn, is located in Norristown, PA. The organization was established in 2003. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Auto Dealers Caring For Kids Fndn 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 06/2023, Auto Dealers Caring For Kids Fndn generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE & ENRICH THE LIVES OF CHILDREN & YOUTH IN THE COMMUNITIES WHERE ITS DEALER MEMBERS WORK & LIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE NEW COAT PROGRAM IS CLEAR AND SIMPLE; TO PROVIDE NEW WINTER COATS TO LOCAL CHILDREN IN NEED WHO WOULD OTHERWISE GO WITHOUT THEM. THE PROGRAM RECEIVED SUPPORT FROM 175 NEW CAR DEALERSHIPS TO GIVE AWAY 58,239 NEW, CHILD SIZE COATS IN THE FALL OF 2022. THE FOUNDATION AND THE DEALERSHIPS PARTNERED WITH OVER 299 SOCIAL SERVICES AGENCIES TO GET THE NEW COATS TO THE CHILDREN WHO NEED THEM MOST.
THIS GRANT WAS MADE TO CHILDREN'S HOSPITAL OF PHILADELPHIA TO HONOR OUR CONDITIONAL PLEDGE AGREEMENT FOR THE CAPITAL CAMPAIGN FOR THE NEW HOSPITAL IN KING OF PRUSSIA AND TO BENEFIT THE DEPARTMENT OF NURSING TO SUPPORT CERTIFICATION PROGRAMS FOR THE NURSING STAFF.
THE GREATER PHILADELPHIA AUTO TECHNOLOGY COMPETITION FOR HIGH SCHOOL SENIORS PROMOTES AUTO TECHNOLOGY AS A WISE CAREER CHOICE AND IT ENCOURAGES STUDENTS TO CONTINUE THEIR AUTO EDUCATION WHILE IT PROVIDES A VENUE FOR THEM TO COMPETE FOR SCHOLARSHIPS AND TOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Pacifico President | OfficerTrustee | 1 | $0 |
Ian N Jeffery Immediate Past President | OfficerTrustee | 1 | $0 |
Jason Friedman Vice President | OfficerTrustee | 1 | $0 |
Jeff Glanzmann Secretary / Treasurer | OfficerTrustee | 1 | $0 |
Dominic Conicelli Trustee | Trustee | 1 | $0 |
James F Dunphy Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Sfs Catering | 6/29/20 | $671,269 |
Mayoseitz Media Media | 6/29/20 | $205,037 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $497,784 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $890,620 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,388,404 |
| Total Program Service Revenue | $0 |
| Investment income | $117,186 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $39,703 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,545,293 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,365,739 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $760,000 |
| Fees for services: Legal | $403 |
| Fees for services: Accounting | $13,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $84,969 |
| Office expenses | $12,423 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $860 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $738 |
| Insurance | $437 |
| All other expenses | $0 |
| Total functional expenses | $2,262,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $63,636 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,258 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,717 |
| Net Land, buildings, and equipment | $10,734 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,002,020 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,395 |
| Total assets | $6,122,760 |
| Accounts payable and accrued expenses | $663,561 |
| Grants payable | $0 |
| Deferred revenue | $58,270 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $721,831 |
| Net assets without donor restrictions | $5,400,929 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,122,760 |
Grants Awarded
Over the last fiscal year, Adagp Charitable Foundation has awarded $1,365,739 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S HOSPITAL OF PHILADELPHIA PURPOSE: SUPPORT FOR DEPARTMENT OF NURSING AND THE CAPTIAL CAMPAGIN FOR CHOP'S KING OF PRUSSIA HOSPITAL | $464,197 |
OPERATION WARM INC PURPOSE: SUPPORT THE MISSION TO PROVIDE NEW WINTER COATS TO IMPOVERISHED CHILDREN IN THE FIVE-COUNTY REGION OF PHILADELPHIA | $901,542 |