Adams Thermal Systems Foundation
- Assets
- $776.0k
- Revenue
- $931.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Canton, SD
- Founding
- 02/2014
- Data as of
- 12/2021
- EIN
- 46-3258806
Organization Overview
Adams Thermal Systems Foundation is located in Canton, SD. The organization was established in 2014. 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. Adams Thermal Systems 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, Adams Thermal Systems Foundation generated $931.0k 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 (4.7%) each year. All expenses for the organization totaled $695.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Adams Thermal Systems Foundation has awarded 63 individual grants totaling $1,166,706. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATS FOUNDATION CURRENTLY HAS TWO SCHOOLS IN ETHIOPIA. THESE SCHOOLS PROVIDE EDUCATION, FOOD, SELF-HELP EDUCATION, AND SOME MEDICAL SUPPORT FOR EXTREMELY POOR FAMILIES IN THE HOSANNA AND OTTORO AREAS OF ETHIOPIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Adams President | 15 | $0 | |
Tad Anderson Secretary | 40 | $0 | |
Kim Adams Vice President | 5 | $0 | |
Michael Van Surksum Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $931,030 |
| Interest on Savings | $6 |
| 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 | $931,036 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $81,790 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $8,313 |
| Travel, conferences, and meetings | $55,405 |
| Printing and publications | $0 |
| Other expenses | $537,265 |
| Total operating and administrative expenses | $691,703 |
| Contributions, gifts, grants paid | $4,000 |
| Total expenses and disbursements | $695,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,217 |
| Savings and temporary cash investments | $112,362 |
| Net Accounts receivable | $716 |
| Net Pledges Receivable | $16,565 |
| 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 | $2,045 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $524,046 |
| Total assets | $775,951 |
| Accounts payable and accrued expenses | $70,289 |
| 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 | $245 |
| Total liabilities | $70,534 |
Grants Awarded
Over the last fiscal year, Adams Thermal Systems Foundation has awarded $4,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Wheaton, IL PURPOSE: WHEELCHAIR MINISTRY IN ETHIOPIA | $3,000 |
ETHIOPIAN EVANGELICAL CHURCHES FELLOWSHIP INC PURPOSE: ETHIOPIAN FOUNDATION DONATION | $1,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Adams Thermal Systems Foundation has recieved totaling $22,000.
| Awarding Organization | Amount |
|---|---|
Waterstone Support Foundation Inc Colorado Springs, CO PURPOSE: MINISTRY SUPPORT | $22,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Dennis R Washington Foundation Inc Missoula, MT | $1,024,973,213 | $135,352,040 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Buffett Early Childhood Fund Omaha, NE | $9,728,090 | $31,407,344 |
Manitou Fund White Bear Lake, MN | $1,003,593,689 | $40,882,622 |
Lynne & Andrew Redleaf Foundation Minneapolis, MN | $127,717,345 | $981,960 |
Northwest Area Foundation St Paul, MN | $512,755,007 | $38,144,816 |
Medtronic Communities Foundation Minneapolis, MN | $54,271,830 | $230,239 |
General Mills Foundation Minneapolis, MN | $0 | -$304,053 |
J A Wedum Foundation Plymouth, MN | $141,295,178 | $28,441,684 |