Adler Foundation Inc
- Assets
- $4.6m
- Revenue
- $256.7k
- Investments
- $4.6m
- Employees
- 0
- Location
- Fairfax, VA
- Founding
- 08/2004
- Data as of
- 06/2024
- EIN
- 20-0797192
Organization Overview
Adler Foundation Inc is located in Fairfax, VA. The organization was established in 2004. 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. Adler Foundation Inc 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 06/2024, Adler Foundation Inc generated $256.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $350.0k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Adler Foundation Inc has awarded 90 individual grants totaling $2,080,835. 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 |
|---|---|---|---|
Leonard Adler President | 0.5 | $0 | |
Daniel S Adler Treasurer/secretary | 0.5 | $0 | |
Robert M Gottschalk Vice President | 0.5 | $0 | |
John Burns Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $75,769 |
| Dividends & Interest | $180,895 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $256,664 |
| 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 | $183 |
| Total operating and administrative expenses | $8,843 |
| Contributions, gifts, grants paid | $341,198 |
| Total expenses and disbursements | $350,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $34,271 |
| 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 | $945,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,632,978 |
| 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, Adler Foundation Inc has awarded $341,198 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ACE SCHOLARSHIP AND TRAINING PURPOSE: EDUCATIONAL SUPPORT | $60,000 |
CAPITAL CARING PURPOSE: ELDERLY CARE | $185,000 |
BLOSSOMS FOR PINK PURPOSE: GENERAL SUPPORT | $1,000 |
CHABAD LUBAVITCH OF NORTHERN VA PURPOSE: GENERAL SUPPORT | $1,500 |
COAST GUARD FOUNDATION PURPOSE: GENERAL SUPPORT | $35,000 |
FOUNDATION FOR APPLIED TECHNICAL EDUCATION PURPOSE: GENERAL SUPPORT | $25,000 |