Adient Foundation Inc
- Assets
- $23.3m
- Revenue
- $581.0k
- Investments
- $23.2m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 06/2016
- Data as of
- 09/2023
- EIN
- 81-2058838
Organization Overview
Adient Foundation Inc is located in Milwaukee, WI. The organization was established in 2016. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Adient 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 09/2023, Adient Foundation Inc generated $581.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $1.0m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Adient Foundation Inc has awarded 186 individual grants totaling $3,924,988. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $658,532 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,876 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$74,702 |
| Total Revenue | $580,954 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,179 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $779 |
| Total operating and administrative expenses | $122,630 |
| Contributions, gifts, grants paid | $897,051 |
| Total expenses and disbursements | $1,019,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $162,405 |
| 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 | $23,175,282 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $23,337,687 |
| 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, Adient Foundation Inc has awarded $897,051 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
MILWAUKEE REPERTORY THEATER PURPOSE: GENERAL OPERATING | $5,000 |
AMERICAN RED CROSS PURPOSE: GENERAL OPERATING | $5,000 |
AUCC INC PURPOSE: SCHOLARSHIP | $30,000 |
FUNDING THE FUTURE PURPOSE: GENERAL OPERATING | $2,500 |
RONALD MCDONALD HOUSE CHARITIES PURPOSE: GENERAL OPERATING | $5,000 |
AMERICAN DIABETES ASSOCIATION PURPOSE: GENERAL OPERATING | $5,000 |