Mcadams Charitable Foundation
- Assets
- $565.0k
- Revenue
- -$27.2k
- Investments
- $411.2k
- Employees
- 0
- Location
- Providence, RI
- Founding
- 05/1993
- Data as of
- 12/2022
- EIN
- 05-0468638
Organization Overview
Mcadams Charitable Foundation is located in Providence, RI. The organization was established in 1993. 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. Mcadams Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Mcadams Charitable Foundation has awarded 74 individual grants totaling $8,358,532. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorothy R Mcculloch Trustee /vice President | 0 | $0 | |
Stacey A Mcculloch Trustee /treasurer | 0 | $0 | |
Paul A Silver Trustee /secretary | 0 | $0 | |
Janet Innis Trustee /assistant Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,770 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$44,405 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,453 |
| Total Revenue | -$27,182 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $363 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $48,626 |
| Total operating and administrative expenses | $57,289 |
| Contributions, gifts, grants paid | $131,500 |
| Total expenses and disbursements | $188,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,799 |
| 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 | $411,186 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $564,985 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $50,000 |
| 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 | $50,000 |
Grants Awarded
Over the last fiscal year, Mcadams Charitable Foundation has awarded $131,500 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVEMENT FIRST PURPOSE: OPERATING EXPENSES | $2,500 |
BARRINGTON LAND AND CONSERVATION TRUST PURPOSE: OPERATIONAL EXPENSES | $1,000 |
CRESTONE CHARTER SCHOOL PURPOSE: OPERATING EXPENSES | $10,000 |
DARTMOUTH ALUMNI FUND PURPOSE: OPERATING EXPENSES | $5,000 |
BLACKSTONE VALLEY PREP PURPOSE: OPERATING EXPENSES | $5,000 |
DORCAS INTERNATIONAL PURPOSE: OPERATING EXPENSES | $2,500 |