Mcadams Foundation
- Assets
- $572.5k
- Revenue
- $23.2k
- Investments
- $558.0k
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 03/1987
- Data as of
- 12/2023
- EIN
- 35-1656218
Organization Overview
Mcadams Foundation is located in Indianapolis, IN. The organization was established in 1987. 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 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 12/2023, Mcadams Foundation generated $23.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $36.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mcadams Foundation has awarded 83 individual grants totaling $233,400. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFEPOINT CHURCH8540 COMBS ROADINDIANAPOLIS, IN 46237
ARSENAL TECHNICAL H.S. ALUMNI ASSOCIATION, INC1500 E. MICHIGAN STREETINDIANAPOLIS, IN 46201
CONNER PRAIRE13400 ALLISONVILLE RDFISHERS, IN 46038
FRANCISCAN HEALTH FOUNDATION8778 MADISON AVENUE, STE 100INDIANAPOLIS, IN 46227
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen R Mcadams Trustee/president | 4 | $12,500 | |
Martha L Olson Trustee/vice-President | 0.5 | $300 | |
Timothy A Mcadams Trustee/vice-President | 0.5 | $300 | |
James E Mcadams Trustee/vice-President | 0.5 | $300 | |
Lars Olson Trustee/vice-President | 0.5 | $0 | |
Nels Olson Trustee/vice-President | 0.5 | $300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $17,493 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,728 |
| Capital Gain Net Income | $5,728 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,223 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $14,300 |
| 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 | $0 |
| Total operating and administrative expenses | $21,795 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $36,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,512 |
| 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 | $558,007 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $572,519 |
| 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, Mcadams Foundation has awarded $15,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ARSENAL TECHNICAL HIGH SCHOOL ALUMNI ASSOCIATION INC PURPOSE: SCHOLARSHIPS | $6,000 |
CONNER PRAIRIE PURPOSE: 2023 MISSION | $3,500 |
FRANCISCAN HEALTH FOUNDATION PURPOSE: WHERE NEEDED MOST | $2,000 |
LIFE POINT CHURCH PURPOSE: GENERAL FUND | $3,000 |
INDIANA CENTRAL LITTLE LEAGUE PURPOSE: FENCE SPONSOR | $500 |