Ada Foundation
- Assets
- $19.5m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 2
- Location
- Chicago, IL
- Founding
- 12/1965
- Data as of
- 12/2021
- EIN
- 36-6132046
Organization Overview
Ada Foundation is located in Chicago, IL. The organization was established in 1965. According to its NTEE Classification (H03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Medical Research and related organizations. As of 12/2021, Ada Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ada 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 12/2021, Ada Foundation generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.6%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ada Foundation has awarded 96 individual grants totaling $4,384,280. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ADA FOUNDATION PROVIDES CHARITABLE ASSISTANCE FOR THE DENTAL COMMUNITY AND WORKS TO IMPROVE ORAL HEALTH BY SUPPORTING ACCESS TO CARE, RESEARCH AND EDUCATION PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH: PERFORM RESEARCH ACTIVITIES TO ENCOURAGE THE IMPROVEMENT OF THE HEALTH OF THE PUBLIC & TO PROMOTE THE ART AND SCIENCE OF DENTISTRY
ACCESS TO CARE: PROMOTE AND FUND PROGRAMS THAT BRING ORAL CARE AND EDUCATION TO LOW-INCOME COMMUNITIES AND UNDERSERVED AREAS WHERE PEOPLE MIGHT NOT OTHERWISE RECEIVE DENTAL CARE.
CHARITABLE ASSISTANCE: PROVIDE CHARITABLE ASSISTANCE TO THE DENTAL COMMUNITY AND THEIR FAMILIES IN NEED. THIS INCLUDES PROVIDING RELIEF GRANTS TO AID MEMBERS OF THE DENTAL PROFESSION AND THEIR DEPENDANTS WHO, BECAUSE OF ACCIDENTAL INJURY, ADVANCED AGE, PHYSICALLY DELIBITATING ILLNESS OR A MEDICAL CONDITION PREVENTS THEM FROM BEING GAINFULLY EMPLOYED, RESULTING IN THE INABILITY TO BE WHOLLY SELF-SUSTAINING.
EDUCATION: HELP ACADEMICALLY GIFTED PREDOCTORAL DENTAL STUDENTS DEFRAY A PART OF THEIR PROFESSIONAL EDUCATION EXPENSES. ALSO, PROVIDE AWARDS TO ORGANIZATIONS THAT SUPPORT PROGRAMS TO IMPROVE CHILDREN'S DENTAL HEALTH BY EDUCATING PARENTS, CAREGIVERS AND PREGNANT WOMEN ON THE VALUE OF GOOD DENTAL HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Ada Chief Science Officer/adaf CEO | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Key Ip Law Group Pllc Legal Services | 12/30/21 | $323,550 |
Roberts & Roberts Consulting Llc Management Consultants | 12/30/21 | $120,857 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $25,000 |
| Government grants | $549,980 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,586 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $603,566 |
| Total Program Service Revenue | $0 |
| Investment income | $263,679 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $896,159 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,770,296 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,125,367 |
| Grants and other assistance to domestic individuals. | $277,828 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,115 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,978 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $321,108 |
| Fees for services: Accounting | $22,640 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,860 |
| Fees for services: Other | $105,698 |
| Advertising and promotion | $4,650 |
| Office expenses | $323,490 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,390 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,934 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $34,902 |
| All other expenses | $0 |
| Total functional expenses | $2,298,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $379,296 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $19,132,251 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,348 |
| Total assets | $19,546,895 |
| Accounts payable and accrued expenses | $234,781 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $208,073 |
| Total liabilities | $442,854 |
| Net assets without donor restrictions | $5,927,551 |
| Net assets with donor restrictions | $13,176,490 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,546,895 |
Grants Awarded
Over the last fiscal year, Ada Foundation has awarded $1,125,366 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: PUBLIC SUPPORT | $651,535 |
ADA SCIENCE AND RESEARCH INSTITUTE LLC PURPOSE: PUBLIC SUPPORT | $315,753 |
Downers Grove, IL PURPOSE: PUBLIC SUPPORT | $125,000 |
Longboat Key, FL PURPOSE: PUBLIC SUPPORT | $33,078 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ada Foundation has recieved totaling $18.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $18 |
Endowment Analysis
| Beg. Balance | $12,584,804 |
| Earnings | $1,585,452 |
| Admin Expense | $120 |
| Net Contributions | $250 |
| Grants | $415,330 |
| Ending Balance | $13,755,056 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Academy Of Allergy Milwaukee, WI | $22,733,884 | $7,163,340 |
Ada Foundation Chicago, IL | $19,546,895 | $1,770,296 |
Interstate Postgraduate Medical Association Of North America Prospect Heights, IL | $2,657,480 | $1,357,443 |
Society Of Urologic Oncology Schaumburg, IL | $6,729,720 | $2,308,651 |
International Society For Laboratory Hematology Glenview, IL | $1,454,553 | $996,122 |
American Society Of Emergency Radiology East Dundee, IL | $1,309,538 | $681,718 |
International Embryo Technology Society Inc Champaign, IL | $806,130 | $301,103 |
American Society Of Pediatric Neuroradiology Indianapolis, IN | $1,195,774 | $492,983 |
Family Medicine Midwest Foundation Bolingbrook, IL | $74,599 | $144,870 |
International Society Of Amyliodosis Madison, WI | $355,913 | $248,977 |
Community Patient Safety Coalition Of Southwestern Indiana Kentucky Vincennes, IN | $102,728 | $0 |
Dermatology Science And Research Foundation Buffalo Grove, IL | $1,820 | $0 |