Adair-Exchange Bank Foundation
- Assets
- $1.1m
- Revenue
- $231.3k
- Investments
- $1.0m
- Employees
- 0
- Location
- Atchison, KS
- Founding
- 08/1974
- Data as of
- 12/2022
- EIN
- 23-7389214
Organization Overview
Adair-Exchange Bank Foundation is located in Atchison, KS. The organization was established in 1974. 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. Adair-Exchange Bank 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 12/2022, Adair-Exchange Bank Foundation generated $231.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $185.3k during the year ending 12/2022. While expenses have increased by 7.6% per year over the past 4 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 2020, Adair-Exchange Bank Foundation has awarded 123 individual grants totaling $469,500. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul H Adair President | 1 | $0 | |
Richard R Dickason Vice President | 1 | $0 | |
Marsha A Adair Treasurer | 1 | $0 | |
Sharon Baldridge Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $180,040 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,682 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,583 |
| Capital Gain Net Income | $29,583 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $231,305 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,768 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40 |
| Total operating and administrative expenses | $11,293 |
| Contributions, gifts, grants paid | $174,000 |
| Total expenses and disbursements | $185,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,876 |
| Savings and temporary cash investments | $42,450 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,074,397 |
| 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, Adair-Exchange Bank Foundation has awarded $174,000 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
AMELIA EARHART BIRTHPLACE MUSEUM PURPOSE: CHARITABLE | $3,000 |
AMELIA EARHART HANGAR MUSEUM PURPOSE: CHARITABLE | $5,000 |
ANGEL FLIGHT CENTRAL PURPOSE: CHARITABLE | $4,000 |
ATCHISON AREA COMMUNITY FOUNDATION PURPOSE: CHARITABLE | $5,000 |
ATCHISON ART ASSOCIATION PURPOSE: CHARITABLE | $7,000 |
ATCHISON CHILD CARE ASSOCIATES PURPOSE: CHARITABLE | $5,500 |