Mcadams Foundation

Indianapolis, IN
Tax-exempt since March 1987
EIN: 35-1656218

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$48.1k (2024)

Expenses

$53k (2024)

Total Assets

$596k (2024)

Total Liabilities

$0 (2024)

Years with multiple filings

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$48,054

Expenses

$52,968

Net Income

-$4,914

Net Assets

$595,513

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$20,000	41.6%
Interest Revenue	$3	0.0%
Dividends	$18,130	37.7%
Sales of Assets	$9,921	20.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$34,050	64.3%
Compensation of Officers*	$14,600	27.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$595,513
Total Liabilities	$0
Net Assets	$595,513

Compensation

Key Employees and Officers	Compensation	Other
Kathleen R Mcadams (Trustee/President)	$12,500	$0
Martha L Olson (Trustee/Vice President)	$300	$0
Timothy A Mcadams (Trustee/Vice President)	$300	$0
James E Mcadams (Trustee/Vice President)	$300	$0
Lars Olson (Trustee/Vice President)	$300	$0
Nels Olson (Trustee/Vice President)	$300	$0
Kristin Olson (Non Voting Trainee)	$300	$0
Grant Mcadams (Non Voting Trainee)	$300	$0

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990-PF

Filed on Feb. 24, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$23,223

Expenses

$36,795

Net Income

-$13,572

Net Assets

$572,519

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.0%
Dividends	$17,493	75.3%
Sales of Assets	$5,728	24.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$20,900	56.8%
Compensation of Officers*	$14,300	38.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$572,519
Total Liabilities	$0
Net Assets	$572,519

Compensation

Key Employees and Officers	Compensation	Other
Kathleen R Mcadams (Trustee/President)	$12,500	$0
Martha L Olson (Trustee/Vice President)	$300	$0
Timothy A Mcadams (Trustee/Vice President)	$300	$0
James E Mcadams (Trustee/Vice President)	$300	$0
Nels Olson (Trustee/Vice President)	$300	$0
Kelsey Olson (Non Voting Trainee)	$300	$0
Anna Long (Non Voting Trainee)	$300	$0
Lars Olson (Trustee/Vice President)	$0	$0

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990-PF

Filed on March 2, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$16,193

Expenses

$42,545

Net Income

-$26,352

Net Assets

$536,393

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4	0.0%
Dividends	$11,087	68.5%
Sales of Assets	$5,102	31.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,900	60.9%
Compensation of Officers*	$14,300	33.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$536,393
Total Liabilities	$0
Net Assets	$536,393

Compensation

Key Employees and Officers	Compensation	Other
Kathleen R Mcadams (Trustee/President)	$12,500	$0
Martha L Olson (Trustee/Vice President)	$600	$0
Timothy A Mcadams (Trustee/Vice President)	$300	$0
James E Mcadams (Trustee/Vice President)	$300	$0
Lars Olson (Trustee/Vice President)	$300	$0
Nels Olson (Trustee/Vice President)	$300	$0

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990-PF

Filed on March 15, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$54,729

Expenses

$53,251

Net Income

$1,478

Net Assets

$669,979

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$13,856	25.3%
Sales of Assets	$40,870	74.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$36,450	68.4%
Compensation of Officers*	$13,400	25.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$669,979
Total Liabilities	$0
Net Assets	$669,979

Compensation

Key Employees and Officers	Compensation	Other
Kathleen R Mcadams (Trustee/President)	$12,500	$0
Martha L Olson (Trustee/Vice President)	$300	$0
Timothy A Mcadams (Trustee/Vice President)	$300	$0
James E Mcadams (Trustee/Vice President)	$300	$0

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990-PF

Filed on March 8, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$38,815

Expenses

$53,003

Net Income

-$14,188

Net Assets

$664,001

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$11,727	30.2%
Sales of Assets	$27,085	69.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$36,450	68.8%
Compensation of Officers*	$13,400	25.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$664,002
Total Liabilities	$1
Net Assets	$664,001

Compensation

Key Employees and Officers	Compensation	Other
Kathleen R Mcadams (Trustee/President)	$12,500	$0
Martha L Olson (Trustee/Vice President)	$300	$0
Timothy A Mcadams (Trustee/Vice President)	$300	$0
James E Mcadams (Trustee/Vice President)	$300	$0

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990-PF

Filed on May 5, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$22,639

Expenses

$42,478

Net Income

-$19,839

Net Assets

$659,847

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$7	0.0%
Dividends	$17,006	75.1%
Sales of Assets	$5,626	24.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,950	61.1%
Compensation of Officers*	$13,400	31.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$659,848
Total Liabilities	$1
Net Assets	$659,847

Compensation

Key Employees and Officers	Compensation	Other
Kathleen R Mcadams (Trustee/President)	$12,500	$0
Martha L Olson (Trustee/Vice President)	$300	$0
Timothy A Mcadams (Trustee/Vice President)	$300	$0
James E Mcadams (Trustee/Vice President)	$300	$0

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990-PF

Filed on April 14, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$32,124

Expenses

$46,044

Net Income

-$13,920

Net Assets

$602,886

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5	0.0%
Dividends	$16,078	50.0%
Sales of Assets	$16,041	49.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$29,500	64.1%
Compensation of Officers*	$13,100	28.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$602,886
Total Liabilities	$0
Net Assets	$602,886

Compensation

Key Employees and Officers	Compensation	Other
Kathleen R Mcadams (Trustee/President)	$12,500	$0
Martha L Olson (Trustee/Vice President)	$300	$0
James E Mcadams (Trustee/Vice President)	$300	$0
Timothy A Mcadams (Trustee/Vice President)	$0	$0

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990-PF

Filed on May 3, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$31,100

Expenses

$44,866

Net Income

-$13,766

Net Assets

$673,497

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.0%
Dividends	$16,062	51.6%
Sales of Assets	$15,036	48.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$27,950	62.3%
Compensation of Officers*	$13,400	29.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$673,497
Total Liabilities	$0
Net Assets	$673,497

Compensation

Key Employees and Officers	Compensation	Other
Kathleen R Mcadams (Trustee/President)	$12,500	$0
Martha L Olson (Trustee/Vice President)	$300	$0
Timothy A Mcadams (Trustee/Vice President)	$300	$0
James E Mcadams (Trustee/Vice President)	$300	$0

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990-PF

Filed on May 8, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$6,790

Expenses

$48,917

Net Income

-$42,127

Net Assets

$640,298

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4	0.1%
Dividends	$15,651	> 100%
Sales of Assets	-$8,865
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$24,850	50.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$640,298
Total Liabilities	$0
Net Assets	$640,298

Compensation

Key Employees and Officers	Compensation	Other
Kathleen R Mcadams (Trustee/President)	$0	$0
Martha L Olson (Trustee/Vice President)	$0	$0
Timothy A Mcadams (Trustee/Vice President)	$0	$0
James E Mcadams (Trustee/Vice President)	$0	$0

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990-PF

Filed on May 12, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$19,371

Expenses

$37,009

Net Income

-$17,638

Net Assets

$662,057

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.0%
Dividends	$11,356	58.6%
Sales of Assets	$8,013	41.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$21,850	59.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$662,057
Total Liabilities	$0
Net Assets	$662,057

Compensation

Key Employees and Officers	Compensation	Other
Kathleen R Mcadams (Trustee/President)	$0	$0
Martha L Olson (Trustee/Vice President)	$0	$0
Timothy A Mcadams (Trustee/Vice President)	$0	$0
James E Mcadams (Trustee/Vice President)	$0	$0

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990-PF

Filed on May 2, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$35,143

Expenses

$71,836

Net Income

-$36,693

Net Assets

$697,567

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$26,127	74.3%
Sales of Assets	$9,013	25.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$58,050	80.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$697,567
Total Liabilities	$0
Net Assets	$697,567

Compensation

Key Employees and Officers	Compensation	Other
Kathleen R Mcadams (Trustee/President)	$0	$0
Martha L Olson (Trustee/Vice President)	$0	$0
Timothy A Mcadams (Trustee/Vice President)	$0	$0
James E Mcadams (Trustee/Vice President)	$0	$0

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990-PF

Filed on May 7, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$6,219

Expenses

$3,400

Net Income

$2,819

Net Assets

$735,730

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$6,219	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,400	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$735,730
Total Liabilities	$0
Net Assets	$735,730

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Nov.
2013

Revenue

$151,295

Expenses

$68,145

Net Income

$83,150

Net Assets

$731,927

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$295	0.2%
Interest Revenue	$1,484	1.0%
Dividends	$6,971	4.6%
Sales of Assets	$9,851	6.5%
Other Income	$132,694	87.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$64,000	93.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$731,928
Total Liabilities	$1
Net Assets	$731,927

990-PF

Filed on April 28, 2014

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending Nov.
2012

Revenue

$31,395

Expenses

$38,526

Net Income

-$7,131

Net Assets

$637,171

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$20,727	66.0%
Interest Revenue	$4	0.0%
Dividends	$10,664	34.0%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$38,526	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$637,171
Total Liabilities	$0
Net Assets	$637,171

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Nov.
2011

Revenue

$26,360

Expenses

$39,199

Net Income

-$12,839

Net Assets

$642,552

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$34,498	> 100%
Interest Revenue	$9	0.0%
Dividends	$4,010	15.2%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$39,199	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$642,552
Total Liabilities	$0
Net Assets	$642,552

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

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Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Mcadams Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $48.1k (2024)

Expenses $53k (2024)

Total Assets $596k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$48.1k (2024)

Expenses

$53k (2024)

Total Assets

$596k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Nov.
2013

Fiscal Year Ending Nov.
2012

Fiscal Year Ending Nov.
2011

Fiscal Year Ending Nov.
2010

Fiscal Year Ending Nov.
2009

Fiscal Year Ending Nov.
2008

Fiscal Year Ending Nov.
2007

Fiscal Year Ending Nov.
2006

Fiscal Year Ending Nov.
2005

Fiscal Year Ending Nov.
2004

Fiscal Year Ending Nov.
2003

Fiscal Year Ending Nov.
2002

Fiscal Year Ending Nov.
2001