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. All expenses for the organization totaled $15.2m during the year ending 12/2022. While expenses have increased by 62.7% per year over the past 7 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.
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William M Addy Director, Vice President, Secretary, | 1 | $0 | |
Lydia B Addy Director, Vice President | 1 | $0 | |
Benjamin J Leal Director, President, Treasurer | 40 | $268,612 | |
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 |
|---|---|
ABIDE WOMEN'S HEALTH SERVICES INC PURPOSE: HEALTH | $65,000 |
BEACON HILL PREPARATORY INSTITUTE PURPOSE: EDUCATION | $50,000 |
BIG THOUGHT PURPOSE: EDUCATION | $150,000 |
CENTER FOR BRAINHEALTH PURPOSE: EDUCATION | $200,000 |
BONTON ENTERPRISES PURPOSE: EDUCATION | $300,000 |
CHILD POVERTY ACTION LAB PURPOSE: EDUCATION | $200,000 |