Addy Foundation
- Assets
- $79.3m
- Revenue
- $7.0m
- Investments
- $74.7m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 09/2015
- Data as of
- 12/2022
- EIN
- 47-2607515
Organization Overview
Addy Foundation is located in Dallas, TX. The organization was established in 2015. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Addy 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 12/2022, Addy Foundation generated $7.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $15.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Addy Foundation has awarded 193 individual grants totaling $29,946,210. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin J Leal Director, President, Treasurer | 40 | $268,612 | |
Lydia B Addy Director, Vice President | 1 | $0 | |
William M Addy Director, Vice President, Secretary, | 1 | $0 | |
Sarah Scholl Secretary | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,391,382 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $602,398 |
| Capital Gain Net Income | $602,398 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,993,780 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $268,612 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $31,157 |
| Interest | $0 |
| Taxes | $58,196 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,329 |
| Printing and publications | $0 |
| Other expenses | $208,723 |
| Total operating and administrative expenses | $596,537 |
| Contributions, gifts, grants paid | $14,566,210 |
| Total expenses and disbursements | $15,162,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,629,873 |
| 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 | $74,652,110 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $79,281,983 |
| 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 | $2,728 |
| Total liabilities | $2,728 |
Grants Awarded
Over the last fiscal year, Addy Foundation has awarded $14,566,210 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: CIVIC/COMMUNITY ENGAGEMENT | $5,000,000 |
Princeton, NJ PURPOSE: EDUCATION | $2,500,000 |
HARVARD BUSINESS SCHOOL PURPOSE: EDUCATION | $500,000 |
SALVATION ARMY PURPOSE: CIVIC/COMMUNITY ENGAGEMENT | $500,000 |
JUBILEE PARK AND COMMUNITY CENTER PURPOSE: CIVIC/COMMUNITY ENGAGEMENT | $320,000 |
Dallas, TX PURPOSE: EDUCATION | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Burnett Foundation Fort Worth, TX | $195,880,351 | $2,811,908 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Rapier Family Foundation San Antonio, TX | $15,198 | $1,321,420 |
Dan L Duncan Family Foundation Houston, TX | $0 | $27,292,814 |
Fmh Foundation Midland, TX | $321,253,044 | $148,706,487 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
Ting Tsung And Wei Fong Chao Foundation Houston, TX | $26,401,006 | $21,447,473 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |
Impetus Foundation San Antonio, TX | $248,495,187 | $85,291,192 |
Builders Initiative Bentonville, AR | $992,945,696 | $530,265,880 |
Centerpoint Energy Foundation Inc Houston, TX | $70,813,659 | $24,292,942 |
The Cullen Foundation Houston, TX | $278,005,765 | $19,628,625 |