Clark & Carolyn Adams Fdn Utad 062398
- Assets
- $334.3k
- Revenue
- $19.8k
- Investments
- $321.4k
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- 09/1998
- Data as of
- 12/2022
- EIN
- 59-7124963
Organization Overview
Clark & Carolyn Adams Fdn Utad 062398 is located in Coral Gables, FL. The organization was established in 1998. 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. Clark & Carolyn Adams Fdn Utad 062398 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, Clark & Carolyn Adams Fdn Utad 062398 generated $19.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $55.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Clark & Carolyn Adams Fdn Utad 062398 has awarded 68 individual grants totaling $348,375. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Clark Adams Trustee | 5 | $0 | |
Carol Ann Mullane Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,152 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,658 |
| Capital Gain Net Income | $11,658 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,810 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,041 |
| Contributions, gifts, grants paid | $46,500 |
| Total expenses and disbursements | $55,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $311 |
| Savings and temporary cash investments | $12,583 |
| 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 | $231,773 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $334,327 |
| 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, Clark & Carolyn Adams Fdn Utad 062398 has awarded $46,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ANNANDALE AT SUWANEE PURPOSE: UNRESTRICTED | $5,000 |
CARROLLWOOD DAY SCHOOL EDUCATION INC PURPOSE: UNRESTRICTED | $10,000 |
CRISIS CENTER OF TAMPA BAY INC PURPOSE: UNRESTRICTED | $10,000 |
ST PHILIP'S EPISCOPAL CHURCH PURPOSE: UNRESTRICTED | $5,000 |
OUR LITTLE ROSES FOREIGN MISSION PURPOSE: UNRESTRICTED | $5,000 |
UNIVERSITY OF MIAMI CITIZENS BOARD PURPOSE: UNRESTRICTED | $1,500 |