Adair Community Foundation Inc
- Assets
- $610.7k
- Revenue
- $70.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Adair, IA
- Founding
- 00/0000
- Data as of
- 06/2024
- EIN
- 42-1390642
Organization Overview
Adair Community Foundation Inc is located in Adair, IA. The organization was established in 0000. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. Adair Community Foundation Inc 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 06/2024, Adair Community Foundation Inc generated $70.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $40.4k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Adair Community Foundation Inc has awarded 20 individual grants totaling $223,870. 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 |
|---|---|---|---|
Diane Littler Treasurer | 0 | $0 | |
Randy Crawford Vice President | 0 | $0 | |
Peter Fay Secretary | 0 | $0 | |
Randy Ruth Director | 0 | $0 | |
Martin Fisher President | 0 | $0 | |
Dean Heckman Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,820 |
| Interest on Savings | $87 |
| Dividends & Interest | $19,744 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $70,651 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $261 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,378 |
| Contributions, gifts, grants paid | $36,000 |
| Total expenses and disbursements | $40,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,207 |
| Savings and temporary cash investments | $598,464 |
| 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 | $610,671 |
| 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 Community Foundation Inc has awarded $36,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LITTLE SMILES AND COMPANY PURPOSE: TO ASSIST WITH OVERHEAD EXPENSES | $4,000 |
BOYS GIRLS CLUB OF CENTRAL SW IA PURPOSE: BUILDING CAMPAIGN | $20,000 |
BOYS GIRLS CLUB OF CENTRAL SW IA PURPOSE: TO ASSIST WITH ACTIVITIES WITHIN ADAIR | $12,000 |