Herbert H Mcadams Ii Foundation
- Assets
- $4.9m
- Revenue
- $356.3k
- Investments
- $4.9m
- Employees
- 0
- Location
- Sheridan, AR
- Founding
- 09/1998
- Data as of
- 12/2023
- EIN
- 62-1698262
Organization Overview
Herbert H Mcadams Ii Foundation is located in Sheridan, AR. 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. Herbert H Mcadams Ii 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 12/2023, Herbert H Mcadams Ii Foundation generated $356.3k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 22.1% each year . All expenses for the organization totaled $351.6k during the year ending 12/2023. While expenses have increased by 11.0% per year over the past 9 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 2015, Herbert H Mcadams Ii Foundation has awarded 44 individual grants totaling $1,344,694. 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 |
|---|---|---|---|
Shelia W Mcadams Trustee | 5 | $0 | |
Kara Kratzer Trustee | 5 | $15,000 | |
Anne Mcadams Dyke Trustee | 5 | $15,000 | |
Nicole P Mcadams Trustee | 5 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $156,264 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $356,264 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,190 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $48,790 |
| Contributions, gifts, grants paid | $302,760 |
| Total expenses and disbursements | $351,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,011 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,917,981 |
| 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, Herbert H Mcadams Ii Foundation has awarded $302,760 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CARELINK PURPOSE: PRE-SELECTED BY FOUNDATION | $2,760 |
ARKANSAS FOOD BANK PURPOSE: PRE-SELECTED BY FOUNDATION | $60,000 |
EAST UNION MISSISSIPPI BAPTIST PURPOSE: PRE-SELECTED BY FOUNDATION | $50,000 |
LITTLE ROCK COMPASSION CENTER PURPOSE: PRE-SELECTED BY FOUNDATION | $30,000 |
FIRST UNITED METHODIST CHURCH PURPOSE: PRE-SELECTED BY FOUNDATION | $100,000 |
NORTH TEXAS FOOD BANK PURPOSE: PRE-SELECTED BY FOUNDATION | $60,000 |