Joe A Adams Foundation Inc
- Assets
- $272.0k
- Revenue
- $30.4k
- Investments
- $242.6k
- Employees
- 0
- Location
- Jacksonville, FL
- Founding
- 06/1967
- Data as of
- 12/2023
- EIN
- 59-6167570
Organization Overview
Joe A Adams Foundation Inc is located in Jacksonville, FL. The organization was established in 1967. 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. Joe A Adams 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 12/2023, Joe A Adams Foundation Inc generated $30.4k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $39.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Joe A Adams Foundation Inc has awarded 40 individual grants totaling $198,830. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Adams Felton Chairman | 0 | $0 | |
Jan Adams Andrews President | 0 | $0 | |
Douglas J Milne Secretary | 0 | $0 | |
Joe A Andrews Treasurer | 0 | $0 | |
Jonathon Andrews Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $66 |
| Dividends & Interest | $8,190 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,098 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $30,354 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $320 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,162 |
| Total operating and administrative expenses | $6,277 |
| Contributions, gifts, grants paid | $33,100 |
| Total expenses and disbursements | $39,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,468 |
| 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 | $242,562 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $272,030 |
| 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, Joe A Adams Foundation Inc has awarded $33,100 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH FLORIDA COUNCIL OF BOY SCOUTS PURPOSE: TO FURTHER MISSION OF NON PROFIT | $500 |
RIVERSIDE PRES DAY SCHOOL PURPOSE: SCHOLARSHIP FOR ELEMENTARY SCHOOL | $10,000 |
RONALD MCDONALD HOUSE PURPOSE: TO FURTHER MISSION OF NON-PROFIT | $500 |
RIVERSIDE PRESBYTERIAN CHURCH PURPOSE: TO FURTHER MISSION OF NON-PROFIT | $20,000 |
WOMENS GIVING ALLIANCE PURPOSE: TO FURTHER MISSION OF NON-PROFIT | $1,500 |
CITY RESCUE MISSION PURPOSE: HOMELESS SHELTER | $100 |