John And Olive Adams Scholarship Foundation Inc
- Assets
- $98.8k
- Revenue
- $16.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Idaho Falls, ID
- Founding
- 02/1993
- Data as of
- 06/2023
- EIN
- 94-3168497
Organization Overview
John And Olive Adams Scholarship Foundation Inc is located in Idaho Falls, ID. The organization was established in 1993. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. John And Olive Adams Scholarship 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 06/2023, John And Olive Adams Scholarship Foundation Inc generated $16.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $14.5k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, John And Olive Adams Scholarship Foundation Inc has awarded 119 individual grants totaling $145,500. 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
2023
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 |
|---|---|---|---|
Dustin Mortimer President | 0 | $0 | |
Spencer Monk Vice President | 0 | $0 | |
Judy Brower Treasurer | 0 | $0 | |
Rick Dale Secretary | 0 | $0 | |
Aaron Johnson Director | 0 | $0 | |
Rebecca Casper Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,000 |
| Interest on Savings | $83 |
| Dividends & Interest | $0 |
| 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 | $16,083 |
| 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 | $1,520 |
| Total operating and administrative expenses | $2,500 |
| Contributions, gifts, grants paid | $12,000 |
| Total expenses and disbursements | $14,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,947 |
| Savings and temporary cash investments | $66,815 |
| 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 | $98,762 |
| 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, John And Olive Adams Scholarship Foundation Inc has awarded $12,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BRIDGER LENZ PURPOSE: SCHOLARSHIP | $1,500 |
HANNAH STEELE PURPOSE: SCHOLARSHIP | $1,500 |
ANDREW CHRISTENSEN PURPOSE: SCHOLARSHIP | $1,500 |
BRIDGER SAXTON PURPOSE: SCHOLARSHIP | $1,500 |
TRINITY PARSONS PURPOSE: SCHOLARSHIP | $1,500 |
SOFI CREAGER PURPOSE: SCHOLARSHIP | $1,500 |