Skip to content
ProPublica Donate
ProPublica Donate

Adams Thermal Systems Foundation

  • Canton, SD
  • Tax-exempt since Feb. 2014
  • EIN: 46-3258806

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
$915k (2023)

Expenses
$990k (2023)

Total Assets
$951k (2023)

Total Liabilities
$159k (2023)

Source: Form 990 tax filings from 2013 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
$914,787
Expenses
$989,648
Net Income
-$74,861
Net Assets
$791,698
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $914,787
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $931,466
94.1%
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 $950,853
Total Liabilities $159,155
Net Assets $791,698
Compensation
Key Employees and Officers Compensation Other
Mike Adams (President/Treasurer) $0 $0
Kim Adams (Vice President) $0 $0
Tad Anderson (Secretary) $0 $0

Document Links

990-PF
Filed on Oct. 7, 2024

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

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,197,191
Expenses
$919,579
Net Income
$277,612
Net Assets
$954,919
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,197,191
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $866,879
94.3%
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 $1,077,847
Total Liabilities $122,928
Net Assets $954,919
Compensation
Key Employees and Officers Compensation Other
Mike Adams (President/Treasurer) $0 $0
Kim Adams (Vice President) $0 $0
Tad Anderson (Secretary) $0 $0
Michael Van Surksum (Treasurer Until 10/22) $0 $0
+ View more people

Document Links

990-PF
Filed on Oct. 12, 2023

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$931,036
Expenses
$695,703
Net Income
$235,333
Net Assets
$705,417
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $931,030
100.0%
Interest Revenue $6
0.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $709,211
> 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 $775,951
Total Liabilities $70,534
Net Assets $705,417
Compensation
Key Employees and Officers Compensation Other
Mike Adams (President) $0 $0
Kim Adams (Vice President) $0 $0
Tad Anderson (Secretary) $0 $0
Michael Van Surksum (Treasurer) $0 $0
+ View more people

Document Links

990-PF
Filed on Oct. 4, 2022

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

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$708,461
Expenses
$684,483
Net Income
$23,978
Net Assets
$573,676
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $708,458
100.0%
Interest Revenue $3
0.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $719,883
> 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 $655,028
Total Liabilities $81,352
Net Assets $573,676
Compensation
Key Employees and Officers Compensation Other
Mike Adams (President) $0 $0
Kim Adams (Vice President) $0 $0
Tad Anderson (Secretary) $0 $0
Michael Van Surksum (Treasurer) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 9, 2021

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

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$794,289
Expenses
$910,083
Net Income
-$115,794
Net Assets
$670,617
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $794,283
100.0%
Interest Revenue $6
0.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $779,383
85.6%
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 $787,648
Total Liabilities $117,031
Net Assets $670,617
Compensation
Key Employees and Officers Compensation Other
Mike Adams (President) $0 $0
Kim Adams (Vice President) $0 $0
Tad Anderson (Secretary) $0 $0
Michael Van Surksum (Treasurer) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 6, 2020

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

View Filing
XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$878,330
Expenses
$1,013,596
Net Income
-$135,266
Net Assets
$805,577
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $873,878
99.5%
Interest Revenue $47
0.0%
Dividends $113
0.0%
Sales of Assets $4,292
0.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,010,038
99.6%
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 $817,824
Total Liabilities $12,247
Net Assets $805,577
Compensation
Key Employees and Officers Compensation Other
Mike Adams (President) $0 $0
Kim Adams (Vice President) $0 $0
Tad Anderson (Secretary) $0 $0
Brent Hepner (Treasurer) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 15, 2019

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,272,958
Expenses
$906,855
Net Income
$366,103
Net Assets
$1,007,582
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,272,513
100.0%
Interest Revenue $134
0.0%
Dividends $0
Sales of Assets $311
0.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $883,510
97.4%
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 $1,025,841
Total Liabilities $18,259
Net Assets $1,007,582
Compensation
Key Employees and Officers Compensation Other
Mike Adams (President) $0 $0
Kim Adams (Vice President) $0 $0
Tad Anderson (Secretary) $0 $0
Brent Hepner (Treasurer) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 8, 2018

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$972,536
Expenses
$813,195
Net Income
$159,341
Net Assets
$651,630
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $971,789
99.9%
Interest Revenue $747
0.1%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $862,660
> 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 $664,560
Total Liabilities $12,930
Net Assets $651,630
Compensation
Key Employees and Officers Compensation Other
Mike Adams (President) $0 $0
Kim Adams (Vice President) $0 $0
Tad Anderson (Secretary) $0 $0
Brent Hepner (Treasurer) $0 $0
Alemayehu Alex Meshessha (Manager (Left 06/2016)) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 15, 2017

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,303,938
Expenses
$1,045,143
Net Income
$258,795
Net Assets
$511,060
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,251,980
96.0%
Interest Revenue $158
0.0%
Dividends $0
Sales of Assets $0
Other Income $51,800
4.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $915,942
87.6%
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 $577,269
Total Liabilities $66,209
Net Assets $511,060
Compensation
Key Employees and Officers Compensation Other
Mike Adams (President) $0 $0
Kim Adams (Vice President) $0 $0
Tad Anderson (Secretary) $0 $0
Brent Hepner (Treasurer) $0 $0
Alemayehu Alex Meshessha (Manager) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 2, 2016

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$895,577
Expenses
$922,573
Net Income
-$26,996
Net Assets
-$18,677
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $895,577
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $775,204
84.0%
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 $73,667
Total Liabilities $92,344
Net Assets -$18,677
Compensation
Key Employees and Officers Compensation Other
Mike Adams (President) $0 $0
Kim Adams (Vice President) $0 $0
Tad Anderson (Secretary) $0 $0
Brent Hepner (Treasurer) $0 $0
Alemayehu Alex Meshessha (Manager) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 16, 2015

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$17,530
Expenses
$9,211
Net Income
$8,319
Net Assets
$8,319
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $17,495
99.8%
Interest Revenue $35
0.2%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $7,632
82.9%
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 $9,082
Total Liabilities $763
Net Assets $8,319

Document Links

990-PF

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

PDF

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.

Which Organizations Are Here?

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 »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Contact Us

About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated