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Joel Edstrom And Margaret Adams Foundation

Organization summary

Type of Nonprofit

Designated as a 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.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$70.1k (2023)

Expenses
$6.9k (2023)

Total Assets
$1.88M (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2012 to 2023

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.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$70,108
Expenses
$6,895
Net Income
$63,213
Net Assets
$1,881,784
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $393
0.6%
Dividends $61,241
87.4%
Sales of Assets $8,474
12.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $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 $1,881,784
Total Liabilities $0
Net Assets $1,881,784
Compensation
Key Employees and Officers Compensation Other
Joel S Edstrom (Trustee) $0 $0
Margaret I Adams (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$37,310
Expenses
$300,000
Net Income
-$262,690
Net Assets
$1,825,253
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $575
1.5%
Dividends $30,785
82.5%
Sales of Assets $5,950
15.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $300,000
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 $1,825,253
Total Liabilities $0
Net Assets $1,825,253
Compensation
Key Employees and Officers Compensation Other
Joel S Edstrom (Trustee) $0 $0
Margaret I Adams (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$173,014
Expenses
$48,058
Net Income
$124,956
Net Assets
$2,088,451
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $56
0.0%
Dividends $37,645
21.8%
Sales of Assets $135,313
78.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $40,000
83.2%
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 $2,088,451
Total Liabilities $0
Net Assets $2,088,451
Compensation
Key Employees and Officers Compensation Other
Joel S Edstrom (Trustee) $0 $0
Margaret I Adams (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$25,193
Expenses
$218,061
Net Income
-$243,254
Net Assets
$2,068,302
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $19
Dividends $42,287
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $214,600
98.4%
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 $2,068,303
Total Liabilities $1
Net Assets $2,068,302
Compensation
Key Employees and Officers Compensation Other
Joel S Edstrom (Trustee) $0 $0
Margaret I Adams (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$272,223
Expenses
$73
Net Income
$272,150
Net Assets
$2,363,984
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $188,234
69.1%
Interest Revenue $238
0.1%
Dividends $56,152
20.6%
Sales of Assets $27,599
10.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $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 $2,363,985
Total Liabilities $1
Net Assets $2,363,984
Compensation
Key Employees and Officers Compensation Other
Joel S Edstrom (Trustee) $0 $0
Margaret I Adams (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$469,450
Expenses
$123,206
Net Income
$346,244
Net Assets
$2,120,838
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $204,992
43.7%
Interest Revenue $17
0.0%
Dividends $47,748
10.2%
Sales of Assets $216,693
46.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $113,500
92.1%
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 $2,120,838
Total Liabilities $0
Net Assets $2,120,838
Compensation
Key Employees and Officers Compensation Other
Joel S Edstrom (Trustee) $0 $0
Margaret I Adams (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$399,010
Expenses
$73,502
Net Income
$325,508
Net Assets
$1,974,111
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $134,053
33.6%
Interest Revenue $0
Dividends $40,702
10.2%
Sales of Assets $224,255
56.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $70,000
95.2%
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 $1,974,111
Total Liabilities $0
Net Assets $1,974,111
Compensation
Key Employees and Officers Compensation Other
Joel S Edstrom (Trustee) $0 $0
Margaret I Adams (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$493,984
Expenses
$70,158
Net Income
$423,826
Net Assets
$1,816,565
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $383,096
77.6%
Interest Revenue $0
Dividends $25,732
5.2%
Sales of Assets $85,156
17.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $67,000
95.5%
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 $1,816,565
Total Liabilities $0
Net Assets $1,816,565
Compensation
Key Employees and Officers Compensation Other
Joel S Edstrom (Trustee) $0 $0
Margaret I Adams (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$394,094
Expenses
$77,865
Net Income
$316,229
Net Assets
$1,466,287
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $251,064
63.7%
Interest Revenue $18,181
4.6%
Dividends $17,940
4.6%
Sales of Assets $106,909
27.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $54,590
70.1%
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 $1,466,287
Total Liabilities $0
Net Assets $1,466,287
Compensation
Key Employees and Officers Compensation Other
Joel S Edstrom (Trustee) $0 $0
Margaret I Adams (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$553,802
Expenses
$44,682
Net Income
$509,120
Net Assets
$1,224,189
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $352,107
63.6%
Interest Revenue $50,154
9.1%
Dividends $11,096
2.0%
Sales of Assets $140,445
25.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $34,000
76.1%
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 $1,224,189
Total Liabilities $0
Net Assets $1,224,189

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$632,431
Expenses
$4,589
Net Income
$627,842
Net Assets
$868,716
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $252,886
40.0%
Interest Revenue $0
Dividends $12,491
2.0%
Sales of Assets $367,054
58.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,000
43.6%
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 $868,716
Total Liabilities $0
Net Assets $868,716
Compensation
Key Employees and Officers Compensation Other
Joel S Edstrom (Trustee) $0 $0
Margaret I Adams (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$527,209
Expenses
$0
Net Income
$527,209
Net Assets
$527,209
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $527,209
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $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 $527,209
Total Liabilities $0
Net Assets $527,209

Document Links

About This Data

What Is This Data?

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

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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