Jesse & Hertha Adams Charitable Tr
- Assets
- $14.7m
- Revenue
- $866.6k
- Investments
- $13.1m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 02/2004
- Data as of
- 12/2022
- EIN
- 25-6821173
Organization Overview
Jesse & Hertha Adams Charitable Tr is located in Baltimore, MD. 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. Jesse & Hertha Adams Charitable Tr 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, Jesse & Hertha Adams Charitable Tr generated $866.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 2.8% per year over the past 8 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 2014, Jesse & Hertha Adams Charitable Tr has awarded 80 individual grants totaling $9,473,840. 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 |
|---|---|---|---|
Brown Advisory Trustee | 2 | $0 | |
Carol S Brudin Trustee | 2 | $27,336 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $982,983 |
| Interest on Savings | $0 |
| Dividends & Interest | $275,364 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$410,249 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18,496 |
| Total Revenue | $866,594 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,336 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,198 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $134,934 |
| Contributions, gifts, grants paid | $1,206,529 |
| Total expenses and disbursements | $1,341,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,082,379 |
| 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 | $6,092 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $567,310 |
| Total assets | $14,739,169 |
| 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, Jesse & Hertha Adams Charitable Tr has awarded $1,206,529 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
SEEING EYE INC PURPOSE: PROGRAM SUPPORT | $120,653 |
CHRIST LUTHERAN CHURCH PURPOSE: PROGRAM SUPPORT | $241,306 |
MARYLAND SCOTTISH RITE PURPOSE: CHILDHOOD LANGUAGE | $120,653 |
SHRINERS HOSPITAL FOR PURPOSE: MEDICAL | $241,306 |
THE PROVIDENCE CENTER PURPOSE: PROGRAM SUPPORT | $120,653 |
JOHNS HOPKINS CHILDREN CENTER PURPOSE: MEDICAL | $180,979 |