William L & Victorine Q Adams Foundation Inc

Baltimore, MD
Tax-exempt since Jan. 1985
EIN: 52-1369556

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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

$841k (2024)

Expenses

$458k (2024)

Total Assets

$2.83M (2024)

Total Liabilities

$0 (2024)

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 Sept.
2024

Revenue

$841,466

Expenses

$458,225

Net Income

$383,241

Net Assets

$2,828,141

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$760,000	90.3%
Interest Revenue	$0
Dividends	$27,661	3.3%
Sales of Assets	$44,020	5.2%
Other Income	$9,785	1.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$376,487	82.2%
Compensation of Officers*	$100,000	21.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,828,141
Total Liabilities	$0
Net Assets	$2,828,141

Compensation

Key Employees and Officers	Compensation	Other
Theo C Rodgers (Pres/Tr/Ttee)	$100,000	$0
Marjorie J Rodgers Cheshire (Vp/Secy/Ttee)	$0	$0
Callie Johnson (Asst Secy/Ttee)	$0	$0

990-PF

Filed on Aug. 15, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Sept.
2023

Revenue

$985,086

Expenses

$667,942

Net Income

$317,144

Net Assets

$2,444,900

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$970,000	98.5%
Interest Revenue	$0
Dividends	$10,352	1.1%
Sales of Assets	-$63,429
Other Income	$68,163	6.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$524,125	78.5%
Compensation of Officers*	$100,000	15.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,444,900
Total Liabilities	$0
Net Assets	$2,444,900

Compensation

Key Employees and Officers	Compensation	Other
Theo C Rodgers (Pres/Tr/Ttee)	$100,000	$0
Marjorie J Rodgers Cheshire (Vp/Secy/Ttee)	$0	$0
Callie Johnson (Asst Secy/Ttee)	$0	$0

990-PF

Filed on Aug. 14, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Sept.
2022

Revenue

$381,417

Expenses

$511,829

Net Income

-$130,412

Net Assets

$2,127,756

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$59,000	15.5%
Interest Revenue	$0
Dividends	$41,167	10.8%
Sales of Assets	$276,669	72.5%
Other Income	$4,581	1.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$401,813	78.5%
Compensation of Officers*	$70,000	13.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,127,756
Total Liabilities	$0
Net Assets	$2,127,756

Compensation

Key Employees and Officers	Compensation	Other
Theo C Rodgers (Pres/Tr/Ttee)	$70,000	$0
Marjorie J Rodgers Cheshire (Vp/Secy/Ttee)	$0	$0
Callie Johnson (Asst Secy/Ttee)	$0	$0

990-PF

Filed on Aug. 1, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2021

Revenue

$559,863

Expenses

$529,457

Net Income

$30,406

Net Assets

$2,258,168

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$125,000	22.3%
Interest Revenue	$0
Dividends	$12,863	2.3%
Sales of Assets	$421,798	75.3%
Other Income	$202	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$327,995	61.9%
Compensation of Officers*	$70,000	13.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,258,168
Total Liabilities	$0
Net Assets	$2,258,168

Compensation

Key Employees and Officers	Compensation	Other
Theo C Rodgers (Pres/Tr/Ttee)	$70,000	$0
Marjorie J Rodgers Cheshire (Vp/Secy/Ttee)	$0	$0
Callie Johnson (Asst Secy/Ttee)	$0	$0

990-PF

Filed on Aug. 5, 2022

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2020

Revenue

$406,234

Expenses

$507,249

Net Income

-$101,015

Net Assets

$2,227,761

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$150,000	36.9%
Interest Revenue	$0
Dividends	$10,945	2.7%
Sales of Assets	$239,888	59.1%
Other Income	$5,401	1.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$349,871	69.0%
Compensation of Officers*	$70,000	13.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,227,762
Total Liabilities	$1
Net Assets	$2,227,761

Compensation

Key Employees and Officers	Compensation	Other
Theo C Rodgers (Pres/Tr/Ttee)	$70,000	$0
Marjorie J Rodgers Cheshire (Vp/Secy/Ttee)	$0	$0
Callie Johnson (Asst Secy/Ttee)	$0	$0

990-PF

Filed on May 20, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Sept.
2019

Revenue

$445,242

Expenses

$417,157

Net Income

$28,085

Net Assets

$2,328,776

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$130,000	29.2%
Interest Revenue	$0
Dividends	$53,136	11.9%
Sales of Assets	$261,870	58.8%
Other Income	$236	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$368,525	88.3%
Compensation of Officers*	$70,000	16.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,328,777
Total Liabilities	$1
Net Assets	$2,328,776

Compensation

Key Employees and Officers	Compensation	Other
Theo C Rodgers (Pres/Tr/Ttee)	$70,000	$0
Marjorie J Rodgers Cheshire (Vp/Secy/Ttee)	$0	$0
Callie Johnson (Asst Secy/Ttee)	$0	$0

990-PF

Filed on May 11, 2020

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2018

Revenue

$282,972

Expenses

$564,303

Net Income

-$281,331

Net Assets

$2,300,692

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$20,765	7.3%
Interest Revenue	$0
Dividends	$60,494	21.4%
Sales of Assets	$201,463	71.2%
Other Income	$250	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$503,988	89.3%
Compensation of Officers*	$70,000	12.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,300,692
Total Liabilities	$0
Net Assets	$2,300,692

Compensation

Key Employees and Officers	Compensation	Other
Theo C Rodgers (Pres/Tr/Ttee)	$70,000	$0
Marjorie J Rodgers Cheshire (Vp/Secy/Ttee)	$0	$0
Callie Johnson (Asst Secy/Ttee)	$0	$0

990-PF

Filed on Aug. 8, 2019

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2017

Revenue

$595,593

Expenses

$489,153

Net Income

$106,440

Net Assets

$2,582,023

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$400,785	67.3%
Interest Revenue	$0
Dividends	$42,502	7.1%
Sales of Assets	$144,841	24.3%
Other Income	$7,465	1.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$443,903	90.7%
Compensation of Officers*	$65,000	13.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,582,023
Total Liabilities	$0
Net Assets	$2,582,023

Compensation

Key Employees and Officers	Compensation	Other
Theo C Rodgers (Pres/Tr/Ttee)	$65,000	$0
Marjorie J Rodgers Cheshire (Vp/Secy/Ttee)	$0	$0
Callie Johnson (Asst Secy/Ttee)	$0	$0

990-PF

Filed on Aug. 15, 2018

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2016

Revenue

$468,983

Expenses

$401,453

Net Income

$67,530

Net Assets

$2,475,583

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$226,000	48.2%
Interest Revenue	$0
Dividends	$52,837	11.3%
Sales of Assets	$190,146	40.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$354,770	88.4%
Compensation of Officers*	$65,000	16.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,486,631
Total Liabilities	$11,048
Net Assets	$2,475,583

Compensation

Key Employees and Officers	Compensation	Other
Theo C Rodgers (Pres/Tr/Ttee)	$65,000	$0
Blanche D Rodgers (Asst Secy/Ttee)	$0	$0
Marjorie J Rodgers Cheshire (Vp/Secy/Ttee)	$0	$0

990-PF

Filed on May 15, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2015

Revenue

$493,276

Expenses

$521,712

Net Income

-$28,436

Net Assets

$2,408,053

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$280,000	56.8%
Interest Revenue	$1	0.0%
Dividends	$73,163	14.8%
Sales of Assets	$140,079	28.4%
Other Income	$33	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$456,456	87.5%
Compensation of Officers*	$72,000	13.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,408,053
Total Liabilities	$0
Net Assets	$2,408,053

Compensation

Key Employees and Officers	Compensation	Other
Theo C Rodgers (Pres/Tr/Ttee)	$50,000	$0
Blanche D Rodgers (Asst Secy/Ttee)	$22,000	$0
Marjorie J Rodgers Cheshire (Vp/Secy/Ttee)	$0	$0

990-PF

Filed on May 12, 2016

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2014

Revenue

$512,888

Expenses

$549,245

Net Income

-$36,357

Net Assets

$2,436,489

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$93,500	18.2%
Interest Revenue	$1	0.0%
Dividends	$64,495	12.6%
Sales of Assets	$339,892	66.3%
Other Income	$15,000	2.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$518,696	94.4%
Compensation of Officers*	$72,000	13.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,437,373
Total Liabilities	$884
Net Assets	$2,436,489

990-PF

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

PDF

Fiscal Year Ending Sept.
2013

Revenue

$402,663

Expenses

$426,373

Net Income

-$23,710

Net Assets

$2,472,846

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$284,415	70.6%
Interest Revenue	$1	0.0%
Dividends	$38,400	9.5%
Sales of Assets	$79,097	19.6%
Other Income	$750	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$405,067	95.0%
Compensation of Officers*	$55,000	12.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,473,480
Total Liabilities	$634
Net Assets	$2,472,846

990-PF

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

PDF

Fiscal Year Ending Sept.
2012

Revenue

$542,251

Expenses

$450,593

Net Income

$91,658

Net Assets

$2,496,556

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$441,500	81.4%
Interest Revenue	$9	0.0%
Dividends	$34,937	6.4%
Sales of Assets	$57,439	10.6%
Other Income	$8,366	1.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$442,464	98.2%
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	$2,496,857
Total Liabilities	$301
Net Assets	$2,496,556

990-PF

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

PDF

Fiscal Year Ending Sept.
2011

Revenue

$79,256

Expenses

$420,164

Net Income

-$340,908

Net Assets

$2,404,898

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$11,225	14.2%
Interest Revenue	$0
Dividends	$55,349	69.8%
Sales of Assets	$12,682	16.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$394,826	94.0%
Compensation of Officers*	$55,000	13.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,405,224
Total Liabilities	$326
Net Assets	$2,404,898

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

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William L & Victorine Q Adams Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $841k (2024)

Expenses $458k (2024)

Total Assets $2.83M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Sept. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Sept. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Sept. 2012

Revenue

$841k (2024)

Expenses

$458k (2024)

Total Assets

$2.83M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Sept.
2024

Fiscal Year Ending Sept.
2023

Fiscal Year Ending Sept.
2022

Fiscal Year Ending Sept.
2021

Fiscal Year Ending Sept.
2020

Fiscal Year Ending Sept.
2019

Fiscal Year Ending Sept.
2018

Fiscal Year Ending Sept.
2017

Fiscal Year Ending Sept.
2016

Fiscal Year Ending Sept.
2015

Fiscal Year Ending Sept.
2014

Fiscal Year Ending Sept.
2013

Fiscal Year Ending Sept.
2012

Fiscal Year Ending Sept.
2011

Fiscal Year Ending Sept.
2010

Fiscal Year Ending Sept.
2009

Fiscal Year Ending Sept.
2008

Fiscal Year Ending Sept.
2007

Fiscal Year Ending Sept.
2006

Fiscal Year Ending Sept.
2005

Fiscal Year Ending Sept.
2004

Fiscal Year Ending Sept.
2003

Fiscal Year Ending Sept.
2002

Fiscal Year Ending Sept.
2001