Adp Foundation

The information for Adp Foundation is as of the organization's most recent filing in December '19. This organization is located in Roseland, NJ. It has been in existence for 35 years, following its founding in 1984.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Adp Foundation's NTEE code is T90. The "T" tells us that the organization is classified along with Philanthropy, Voluntarism & Grantmaking Foundations. The "90" tells us that the organization is a Named Trusts N.E.C. The NTEE describes Named Trusts N.E.C. as trusts not classified elsewhere.

Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.

Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of the Adp Foundation is to receive and administer funds to be disbursed or donated to other 501(c)(3) charitable organizations in the United States.

Program Areas

The organization also provides grants and contributions to other qualified charitable organizations.

Board Governance

The Adp Foundation is governed by a board of three voting members. While this is a relatively small board, it is important that they are able to make decisions and hold one another accountable. The board meetings are documented, which is a positive sign that the organization is functioning properly. Unfortunately, there are no independent members on the board, which could lead to potential conflicts of interest. Additionally, the organization does not have a conflict of interest policy, a written whistleblower policy, a document retention policy, or a policy to substantiate and review salaries for leadership or officers. Furthermore, the organization does not provide copies of the 990 to the board prior to filing. These are all areas that the Adp Foundation should look to address in order to ensure proper governance.

Grant History

Our dataset has six years of grant history for the Adp Foundation. In total, they have awarded 633 grants, with an average check size of $83,018. The most frequently awarded sector is Philanthropy, Voluntarism & Grantmaking Foundations (346). The organization most frequently awards grants in the states of South Carolina (3), District of Columbia (20), Illinois (16), and New York (81). Additionally, grants have been awarded to states such as Georgia (28), New Jersey (97), Texas (14), California (28), and Florida (12).

Organization Growth

The Adp Foundation has grown significantly over the past five years. Total contributions and grants received have increased from $3.6M to $12.0M, and total revenue has increased from $4.7M to $12.4M. In addition, the amount of grants paid has also increased from $7.0M to $11.7M. Despite an overall increase in expenses from $7.3M to $12.1M, investment income decreased from $1.1M to $370.1K.