Mcadams Charitable Foundation
- Assets
- $739.8k
- Revenue
- $544.5k
- Investments
- $670.8k
- Employees
- 0
- Location
- Providence, RI
- Founding
- 05/1993
- Data as of
- 12/2021
- 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.
For the year ending 12/2021, Mcadams Charitable Foundation generated $544.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $684.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mcadams Charitable Foundation has awarded 58 individual grants totaling $8,227,032. 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 | $486,313 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,072 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,898 |
| Capital Gain Net Income | $31,898 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,219 |
| Total Revenue | $544,502 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,257 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37,162 |
| Total operating and administrative expenses | $41,419 |
| Contributions, gifts, grants paid | $643,500 |
| Total expenses and disbursements | $684,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,996 |
| 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 | $670,776 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $739,772 |
| 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 | $3,980 |
| Total liabilities | $3,980 |
Grants Awarded
Over the last fiscal year, Mcadams Charitable Foundation has awarded $643,500 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
DICKEY CENTER PURPOSE: OPERATIONAL EXPENSES | $500,000 |
UNITED WAY OF RI PURPOSE: OPERATIONAL EXPENSES | $37,500 |
RI PHILHARMONIC PURPOSE: OPERATING EXPENSES | $10,000 |
ST JOHN'S CHURCH PURPOSE: OPERATING EXPENSES | $10,000 |
Crestone, CO PURPOSE: OPERATING EXPENSES | $10,000 |
INTERNATIONAL HOUSE OF RI PURPOSE: OPERATING EXPENSES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Cohen Veterans Network Inc Stamford, CT | $21,771,420 | $47,396,071 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Flatley Foundation Braintree, MA | $730,489,671 | $65,780,367 |
Iiegn Family Foundation Boston, MA | $7,705,932 | $1,021,594 |
Ge Foundation Norwalk, CT | $5,053,086 | $27,501,215 |
State Street Foundation Inc Boston, MA | $7,590,446 | $6,540 |
Edward C Johnson Fund Boston, MA | $418,919,628 | $48,451,859 |
Broad Reach Foundation Boston, MA | $154,449,873 | $51,427,992 |
Tjx Foundation Inc Framingham, MA | $84,142,448 | $26,109,203 |