C F Adams Charitable Trust
- Assets
- $23.2m
- Revenue
- $797.7k
- Investments
- $20.7m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 08/1987
- Data as of
- 12/2021
- EIN
- 04-6556188
Organization Overview
C F Adams Charitable Trust is located in Boston, MA. The organization was established in 1987. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. C F Adams Charitable Trust 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 12/2021, C F Adams Charitable Trust generated $797.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, C F Adams Charitable Trust has awarded 126 individual grants totaling $5,356,500. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward P Lawrence ESQ Trustee | 1 | $37,500 | |
Janet C Taylor Managing Trustee | 5 | $62,500 | |
Marc J Bloostein ESQ Trustee | 1 | $22,500 | |
Mary Louise Sudders Trustee (appointed 1/6/23) | 1 | $22,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Center For Family Philanthropy | 12/30/23 | $100,905 |
Lowell Blake & Associates | 12/30/23 | $50,321 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $501 |
| Dividends & Interest | $379,530 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $417,643 |
| Capital Gain Net Income | $473,592 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $797,674 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $61,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,910 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $986 |
| Printing and publications | $0 |
| Other expenses | $9,899 |
| Total operating and administrative expenses | $240,918 |
| Contributions, gifts, grants paid | $1,049,000 |
| Total expenses and disbursements | $1,289,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,454,005 |
| 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 | $588,417 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $23,169,774 |
| 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, C F Adams Charitable Trust has awarded $1,965,000 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
AROOSTOOK MENTAL HEALTH SERVICES INC PURPOSE: SUBSTANCE USE DISORDER COLLABORATIVE | $75,000 |
BARRINGTON STAGE COMPANY INC PURPOSE: PLAYWRIGHT MENTORING PROJECT | $25,000 |
BROOKLINE COMMUNITY MENTAL HEALTH CENTER INC PURPOSE: FAMILY ENGAGEMENT COMPONENT OF BRYT | $75,000 |
COMMUNITY ART CENTER INC PURPOSE: OPERATING SUPPORT | $50,000 |
COMMUNITY MUSIC CENTER OF BOSTON PURPOSE: MUSIC THERAPY PROGRAM AND WORKFORCE DEVELOPMENT | $30,000 |
DOWNEAST COMMUNITY PARTNERS INC PURPOSE: HOME WEATHERIZATION PROJECT | $55,000 |