Adair Street Foundation
- Assets
- $193.2k
- Revenue
- $26.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Mandeville, LA
- Founding
- 04/2012
- Data as of
- 09/2023
- EIN
- 45-3960885
Organization Overview
Adair Street Foundation is located in Mandeville, LA. The organization was established in 2012. 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 Street 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 09/2023, Adair Street Foundation generated $26.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $11.2k during the year ending 09/2023. While expenses have increased by 3.2% per year over the past 5 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert G Gerdes President | 1 | $0 | |
Paula Gerdes Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,000 |
| Interest on Savings | $6,942 |
| Dividends & Interest | $0 |
| 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 | $26,942 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $194 |
| Total operating and administrative expenses | $1,124 |
| Contributions, gifts, grants paid | $10,100 |
| Total expenses and disbursements | $11,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,996 |
| Savings and temporary cash investments | $189,077 |
| 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 | $166 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $193,239 |
| 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 | $166 |
| Total liabilities | $166 |
Grants Awarded
Over the last fiscal year, Adair Street Foundation has awarded $10,100 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
WISH TO FISH LOUISIANA INC PURPOSE: PROMOTE OUTDOOR ACTIVITIES FOR CHILDREN | $500 |
NEW ORLEANS WOMEN'S SHELTER PURPOSE: PROVIDE SHELTER FOR ABUSED WOMEN AND CHILDREN | $900 |
STARC PURPOSE: ASSISTANCE FOR DISABLED PEOPLE | $1,100 |
SOUTHEASTERN GUIDE DOGS PURPOSE: SPONSOR TRAINING AND DONATION OF GUIDE DOGS FOR VISUALLY IMPAIRED VETERANS | $800 |
INTL PLANNED PARENTHOOD FEDERATION PURPOSE: PROMOTE PLANNED PARENTHOOD SERVICES | $1,600 |
OZANAM INN PURPOSE: SERVING THE HOMELESS | $900 |