Thomas H Adams Foundation Inc

Glenville, NC
Tax-exempt since Oct. 1987
EIN: 58-1669216

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.

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

$31,108

Expenses

$12,604

Net Income

$18,504

Net Assets

$164,146

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,614	5.2%
Dividends	$3,119	10.0%
Sales of Assets	$26,375	84.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$11,342	90.0%
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	$164,146
Total Liabilities	$0
Net Assets	$164,146

Compensation

Key Employees and Officers	Compensation	Other
David Adams (President)	$0	$0

990-PF

Filed on Oct. 4, 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

$9,607

Expenses

$12,458

Net Income

-$2,851

Net Assets

$145,642

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,265	23.6%
Dividends	$2,581	26.9%
Sales of Assets	$4,761	49.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$10,949	87.9%
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	$145,642
Total Liabilities	$0
Net Assets	$145,642

Compensation

Key Employees and Officers	Compensation	Other
David Adams (President)	$0	$0

990-PF

Filed on Nov. 15, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$7,320

Expenses

$13,693

Net Income

-$6,373

Net Assets

$148,493

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,909	26.1%
Dividends	$2,387	32.6%
Sales of Assets	$3,024	41.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$11,974	87.4%
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	$148,493
Total Liabilities	$0
Net Assets	$148,493

Compensation

Key Employees and Officers	Compensation	Other
David Adams (President)	$0	$0

990-PF

Filed on Nov. 13, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$18,958

Expenses

$12,056

Net Income

$6,902

Net Assets

$154,866

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,914	10.1%
Dividends	$2,101	11.1%
Sales of Assets	$14,943	78.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$10,494	87.0%
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	$154,866
Total Liabilities	$0
Net Assets	$154,866

Compensation

Key Employees and Officers	Compensation	Other
David Adams (President)	$0	$0

990-PF

Filed on Nov. 14, 2022

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$6,178

Expenses

$11,128

Net Income

-$4,950

Net Assets

$147,963

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,166	35.1%
Dividends	$1,571	25.4%
Sales of Assets	$2,441	39.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,831	88.3%
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	$147,964
Total Liabilities	$1
Net Assets	$147,963

Compensation

Key Employees and Officers	Compensation	Other
David Adams (President)	$0	$0

990-PF

Filed on Nov. 15, 2021

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$5,368

Expenses

$10,740

Net Income

-$5,372

Net Assets

$152,913

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,919	35.7%
Dividends	$1,911	35.6%
Sales of Assets	$1,538	28.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,464	88.1%
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	$152,914
Total Liabilities	$1
Net Assets	$152,913

Compensation

Key Employees and Officers	Compensation	Other
David Adams (President)	$0	$0

990-PF

Filed on Nov. 16, 2020

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2018

Revenue

$8,009

Expenses

$10,429

Net Income

-$2,420

Net Assets

$158,286

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,349	41.8%
Dividends	$1,625	20.3%
Sales of Assets	$3,035	37.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,186	88.1%
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	$158,286
Total Liabilities	$0
Net Assets	$158,286

Compensation

Key Employees and Officers	Compensation	Other
David Adams (President)	$0	$0

990-PF

Filed on Nov. 15, 2019

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$5,853

Expenses

$10,063

Net Income

-$4,210

Net Assets

$160,706

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,302	73.5%
Dividends	$1,442	24.6%
Sales of Assets	$109	1.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,886	88.3%
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	$160,706
Total Liabilities	$0
Net Assets	$160,706

Compensation

Key Employees and Officers	Compensation	Other
David Adams (President)	$0	$0

990-PF

Filed on May 14, 2018

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$2,778

Expenses

$9,623

Net Income

-$6,845

Net Assets

$164,916

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,479	89.2%
Dividends	$1,249	45.0%
Sales of Assets	-$950
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,635	89.7%
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	$164,916
Total Liabilities	$0
Net Assets	$164,916

Compensation

Key Employees and Officers	Compensation	Other
David Adams (President)	$0	$0

990-PF

Filed on Nov. 8, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$5,694

Expenses

$10,836

Net Income

-$5,142

Net Assets

$171,761

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,030	35.7%
Sales of Assets	$3,664	64.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,283	85.7%
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	$171,761
Total Liabilities	$0
Net Assets	$171,761

990-PF

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

PDF

Fiscal Year Ending Dec.
2014

Revenue

$4,455

Expenses

$9,311

Net Income

-$4,856

Net Assets

$176,903

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,665	59.8%
Sales of Assets	$1,790	40.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,700	82.7%
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	$176,903
Total Liabilities	$0
Net Assets	$176,903

990-PF

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$109,324

Expenses

$4,917

Net Income

$104,407

Net Assets

$181,759

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,000	91.5%
Interest Revenue	$0
Dividends	$3,374	3.1%
Sales of Assets	$5,950	5.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,637	74.0%
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	$181,759
Total Liabilities	$0
Net Assets	$181,759

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$1,776

Expenses

$2,984

Net Income

-$1,208

Net Assets

$77,352

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$953	53.7%
Sales of Assets	$823	46.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,171	72.8%
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	$77,352
Total Liabilities	$0
Net Assets	$77,352

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$633

Expenses

$1,447

Net Income

-$814

Net Assets

$78,560

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$633	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,121	77.5%
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	$78,560
Total Liabilities	$0
Net Assets	$78,560

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.

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.

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Thomas H Adams Foundation Inc

Organization summary

Type of Nonprofit

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

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Extracted Financial Data

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 Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

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2004

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2003

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2002

Fiscal Year Ending Dec.
2001