The Adams Charitable Foundation Inc

Potomac, MD
Tax-exempt since Dec. 1996
EIN: 52-2002510

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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.

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

Donations to this organization are tax deductible.

Revenue

$3.13M (2023)

Expenses

$3.33M (2023)

Total Assets

$55.1M (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2011 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

Revenue

$3,128,159

Expenses

$3,328,468

Net Income

-$200,309

Net Assets

$55,128,658

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$102,336	3.3%
Dividends	$625,813	20.0%
Sales of Assets	$1,992,082	63.7%
Other Income	$407,928	13.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,000,000	90.1%
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	$55,128,658
Total Liabilities	$0
Net Assets	$55,128,658

Compensation

Key Employees and Officers	Compensation	Other
Richard L Adams Jr (Sec Tr Dir)	$0	$0
Donnalyn Frey Adams (Pres Dir)	$0	$0
Allan Frey (Vp Dir)	$0	$0

990-PF

Filed on Oct. 8, 2024

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

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Fiscal Year Ending Dec.
2022

Revenue

-$475,655

Expenses

$3,794,492

Net Income

-$4,270,147

Net Assets

$48,029,343

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$39,760
Dividends	$660,417
Sales of Assets	-$1,574,956
Other Income	$399,124

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,500,000	92.2%
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	$48,029,343
Total Liabilities	$0
Net Assets	$48,029,343

Compensation

Key Employees and Officers	Compensation	Other
Richard L Adams Jr (Sec Tr Dir)	$0	$0
Donnalyn Frey Adams (Pres Dir)	$0	$0
Allan Frey (Vp Dir)	$0	$0

990-PF

Filed on Oct. 2, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$5,911,238

Expenses

$3,061,796

Net Income

$2,849,442

Net Assets

$61,911,197

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$22,482	0.4%
Dividends	$468,278	7.9%
Sales of Assets	$5,036,649	85.2%
Other Income	$383,829	6.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,700,000	88.2%
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	$61,911,197
Total Liabilities	$0
Net Assets	$61,911,197

Compensation

Key Employees and Officers	Compensation	Other
Richard L Adams Jr (Sec Tr Dir)	$0	$0
Donnalyn Frey Adams (Pres Dir)	$0	$0
Allan Frey (Vp Dir)	$0	$0

990-PF

Filed on Oct. 26, 2022

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

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Fiscal Year Ending Dec.
2020

Revenue

$10,902,633

Expenses

$3,330,808

Net Income

$7,571,825

Net Assets

$54,347,336

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$68,649	0.6%
Dividends	$352,336	3.2%
Sales of Assets	$11,431,961	> 100%
Other Income	-$971,501

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,972,063	89.2%
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	$54,347,337
Total Liabilities	$1
Net Assets	$54,347,336

Compensation

Key Employees and Officers	Compensation	Other
Richard L Adams Jr (Sec Tr Dir)	$0	$0
Donnalyn Frey Adams (Pres Dir)	$0	$0
Allan Frey (Vp Dir)	$0	$0

990-PF

Filed on Nov. 13, 2021

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

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Fiscal Year Ending Dec.
2019

Revenue

$7,189,978

Expenses

$3,493,950

Net Income

$3,696,028

Net Assets

$42,467,875

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5,054	0.1%
Dividends	$570,670	7.9%
Sales of Assets	$6,334,753	88.1%
Other Income	$237,421	3.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,205,000	91.7%
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	$42,467,876
Total Liabilities	$1
Net Assets	$42,467,875

Compensation

Key Employees and Officers	Compensation	Other
Richard Adams (Sec Tr Dir)	$0	$0
Donnalyn Frey Adams (Pres Dir)	$0	$0
Allan Frey (Vp Dir)	$0	$0

990-PF

Filed on Nov. 13, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$3,136,032

Expenses

$2,946,738

Net Income

$189,294

Net Assets

$37,653,603

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$51	0.0%
Dividends	$514,876	16.4%
Sales of Assets	$2,321,896	74.0%
Other Income	$257,129	8.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,743,090	93.1%
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	$37,653,603
Total Liabilities	$0
Net Assets	$37,653,603

Compensation

Key Employees and Officers	Compensation	Other
Richard Adams (Sec Tr Dir)	$0	$0
Donnalyn Frey Adams (Pres Dir)	$0	$0
Allan Frey (Vp Dir)	$0	$0

990-PF

Filed on Nov. 8, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$2,372,391

Expenses

$2,936,427

Net Income

-$564,036

Net Assets

$43,058,743

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,140	0.1%
Dividends	$547,264	23.1%
Sales of Assets	$1,496,919	63.1%
Other Income	$283,988	12.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,650,000	90.2%
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	$43,058,743
Total Liabilities	$0
Net Assets	$43,058,743

Compensation

Key Employees and Officers	Compensation	Other
Richard Adams (Sec Tr Dir)	$0	$0
Donnalyn Frey Adams (Pres Dir)	$0	$0
Allan Frey (Vp Dir)	$0	$0

990-PF

Filed on Nov. 12, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$1,645,693

Expenses

$2,689,818

Net Income

-$1,044,125

Net Assets

$37,599,229

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$659	0.0%
Dividends	$626,476	38.1%
Sales of Assets	$849,628	51.6%
Other Income	-$345,618

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,437,000	90.6%
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	$37,599,229
Total Liabilities	$0
Net Assets	$37,599,229

Compensation

Key Employees and Officers	Compensation	Other
Richard Adams (Sec Tr Dir)	$0	$0
Donnalyn Frey Adams (Pres Dir)	$0	$0
Allan Frey (Vp Dir)	$0	$0

990-PF

Filed on Nov. 9, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$1,257,294

Expenses

$2,495,686

Net Income

-$1,238,392

Net Assets

$38,643,354

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$490	0.0%
Dividends	$622,709	49.5%
Sales of Assets	$437,902	34.8%
Other Income	-$269,176

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,421,007	97.0%
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	$38,643,354
Total Liabilities	$0
Net Assets	$38,643,354

Compensation

Key Employees and Officers	Compensation	Other
Richard L Adams Jr (Sec Tr Dir)	$0	$0
Donnalyn Frey Adams (Pres Dir)	$0	$0
Allan Frey (Vp Dir)	$0	$0

990-PF

Filed on Nov. 17, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$2,352,625

Expenses

$2,864,390

Net Income

-$511,765

Net Assets

$35,127,711

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$139,209	5.9%
Dividends	$495,502	21.1%
Sales of Assets	$1,593,445	67.7%
Other Income	-$296,911

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,838,313	99.1%
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	$35,127,711
Total Liabilities	$0
Net Assets	$35,127,711

Compensation

Key Employees and Officers	Compensation	Other
Richard L Adams Jr (Sec Tr Dir)	$0	$0
Donnalyn Frey Adams (Pres Dir)	$0	$0
Allan Frey (Vp Dir)	$0	$0

990-PF

Filed on Nov. 4, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$1,553,223

Expenses

$2,382,703

Net Income

-$829,480

Net Assets

$35,639,476

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$197,646	12.7%
Dividends	$372,886	24.0%
Sales of Assets	$837,999	54.0%
Other Income	$102,612	6.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,371,803	99.5%
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	$35,639,476
Total Liabilities	$0
Net Assets	$35,639,476

Compensation

Key Employees and Officers	Compensation	Other
Richard L Adams Jr (Sec Tr Dir)	$0	$0
Donnalyn Frey Adams (Pres Dir)	$0	$0
Allan Frey (Vp Dir)	$0	$0

990-PF

Filed on Sept. 23, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$1,377,489

Expenses

$2,159,578

Net Income

-$782,089

Net Assets

$38,181,852

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$221,875	16.1%
Dividends	$433,766	31.5%
Sales of Assets	$674,360	49.0%
Other Income	$5,408	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,159,578	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	$38,181,853
Total Liabilities	$1
Net Assets	$38,181,852

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,242,014

Expenses

$1,704,032

Net Income

-$462,018

Net Assets

$35,150,445

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$280,319	22.6%
Dividends	$326,750	26.3%
Sales of Assets	$612,184	49.3%
Other Income	$9,759	0.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$244,028	14.3%
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	$35,150,446
Total Liabilities	$1
Net Assets	$35,150,445

990-PF

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

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

PDF

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The Adams Charitable Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $3.13M (2023)

Expenses $3.33M (2023)

Total Assets $55.1M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

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

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$3.13M (2023)

Expenses

$3.33M (2023)

Total Assets

$55.1M (2023)

Total Liabilities

$0 (2023)

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