Titus Adams Foundation
- Assets
- $12.7m
- Revenue
- $91.6k
- Investments
- $10.0m
- Employees
- 0
- Location
- Albany, NY
- Founding
- 05/2017
- Data as of
- 12/2022
- EIN
- 81-4684244
Organization Overview
Titus Adams Foundation is located in Albany, NY. The organization was established in 2017. 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. Titus Adams Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT
UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,817 |
| Dividends & Interest | $19,496 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $67,177 |
| Capital Gain Net Income | $67,177 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $69 |
| Total Revenue | $91,559 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $4,006 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $82,558 |
| Contributions, gifts, grants paid | $342,000 |
| Total expenses and disbursements | $424,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,211,463 |
| 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 | $520,767 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,462,497 |
| Total assets | $12,667,062 |
| 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, Titus Adams Foundation has awarded $342,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
YOUNG LIFE PURPOSE: GENERAL PURPOSE | $12,000 |
FOREVER YOUNG FOUNDATION PURPOSE: GENERAL PURPOSE | $250,000 |
SPARROW COLLECTIVE PURPOSE: GENERAL PURPOSE | $5,000 |
ACTS 29 INC PURPOSE: GENERAL PURPOSE | $50,000 |
CORNERSTONE ARTS PURPOSE: GENERAL PURPOSE | $25,000 |