Ades Family Foundation Inc
- Assets
- $15.5m
- Revenue
- $8.3m
- Investments
- $3.7m
- Employees
- 0
- Location
- Aventura, FL
- Founding
- Data as of
- 12/2021
- EIN
- 85-2853438
Organization Overview
Ades Family Foundation Inc is located in Aventura, FL. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ades Family 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 12/2021, Ades Family Foundation Inc generated $8.3m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $220.6k during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 2 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUIRED AND MAINTAINED PROPERTY THAT WAS USED BY A SECTION 501 (C) (3) ORGANIZATION
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gisela Ades Secretary | 1 | $0 | |
Daniel Ades President | 1 | $0 | |
Carlos Felipe Lemos Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,000,000 |
| Interest on Savings | $95,431 |
| Dividends & Interest | $0 |
| Net Rental Income | $13,004 |
| Net Gain on Sale of Assets | $223,719 |
| Capital Gain Net Income | $223,719 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,550 |
| Total Revenue | $8,337,704 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $27,143 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,077 |
| Total operating and administrative expenses | $153,857 |
| Contributions, gifts, grants paid | $66,742 |
| Total expenses and disbursements | $220,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,108,768 |
| 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 | $7,615,405 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $35,000 |
| Total assets | $15,478,036 |
| Accounts payable and accrued expenses | $58,295 |
| 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 | $4,400 |
| Total liabilities | $62,695 |
Grants Awarded
Over the last fiscal year, Ades Family Foundation Inc has awarded $66,742 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Brookline, MA PURPOSE: CHARITABLE | $50,000 |
UNION OF ORTHODOX - TEACH FL PURPOSE: CHARITABLE | $10,000 |
Cambridge, MA PURPOSE: CHARITABLE | $5,400 |
FL PHILANTHROPIC NETWORK PURPOSE: CHARITABLE | $1,342 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
University Of South Florida Foundation Inc Tampa, FL | $929,677,670 | $144,887,499 |
Auburn University Foundation Auburn, AL | $857,894,187 | $96,896,842 |
Florida State University Foundation Inc Tallahassee, FL | $730,089,060 | $57,370,131 |
Spelman College Special Ventures Fund Inc Atlanta, GA | $236,389,415 | $26,274,154 |
Seminole Boosters Inc Tallahassee, FL | $240,991,921 | $48,392,781 |
University Of Florida Research Foundation Inc Gainesville, FL | $131,218,099 | $46,757,527 |
University Of Central Florida Foundation Inc Orlando, FL | $396,904,531 | $45,984,866 |
Florida International University Foundation Inc Miami, FL | $475,743,772 | $154,605,877 |
Shorter University Inc Rome, GA | $57,209,537 | $39,807,545 |
Kennesaw State University Foundation Inc Kennesaw, GA | $537,455,993 | $85,548,111 |
University Of South Alabama Foundation Mobile, AL | $392,021,424 | $13,140,864 |