Adler Family Foundation Inc
- Assets
- $3.9m
- Revenue
- $283.4k
- Investments
- $3.9m
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 01/1998
- Data as of
- 12/2022
- EIN
- 52-2070476
Organization Overview
Adler Family Foundation Inc is located in Bethesda, MD. The organization was established in 1998. 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. Adler Family 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 12/2022, Adler Family Foundation Inc generated $283.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $313.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Adler Family Foundation Inc has awarded 195 individual grants totaling $1,385,200. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James B Adler Vice President | 2 | $0 | |
Eric S Adler President/secretary | 0.01 | $0 | |
Laura Adler Mcgrew Vice President/treasurer | 0.01 | $0 | |
Lindley Mcgrew Board Of Director's Member | 0.01 | $0 | |
Suzanne Adler Board Of Director's Member | 0.01 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000 |
| Interest on Savings | $201 |
| Dividends & Interest | $24,782 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $256,441 |
| Capital Gain Net Income | $256,441 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $283,424 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $147 |
| Total operating and administrative expenses | $26,183 |
| Contributions, gifts, grants paid | $287,550 |
| Total expenses and disbursements | $313,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,353 |
| 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 | $3,927,481 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $291 |
| Total assets | $3,943,125 |
| 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, Adler Family Foundation Inc has awarded $287,550 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
A WIDER CIRCLE PURPOSE: GENERAL FUND | $100 |
AMERICAN FRIENDS OF SERVICE COMMITTEE PURPOSE: GENERAL FUND | $200 |
BALTIMORE EDUCATIONAL SCHOLARSHIP TRUST PURPOSE: GENERAL FUND | $200 |
BE BRAVE FOR LIFE FOUNDATION PURPOSE: GENERAL FUND | $250 |
BETHESDA CHEVY CHASE RESCUE SQUAD PURPOSE: GENERAL FUND | $250 |
BETHESDA FRIENDS MEETING PURPOSE: GENERAL FUND | $100 |