Adam Foundation Inc in Winston Salem, North Carolina (NC)
| Adam Foundation Inc |
| Employer Identification Number (EIN) | 561890371 |
| Name of Organization | Adam Foundation Inc |
| In Care of Name | Jason Crandell |
| Address | PO BOX 21113, Winston Salem, NC 27120-1113 |
| Activities | Other health services, Fundraising |
| Subsection | Charitable Organization |
| Ruling Date | 09/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $91,476 |
| Amount of Income | $62,901 |
| Form 990 Revenue Amount | $50,943 |
| National Taxonomy of Exempt Entities (NTEE) | Diseases, Disorders, Medical Disciplines: AIDS |
Amount of income in 2013: $62,901 (it was $60,717 in 2012)
| Adam Foundation Inc: | $62,901 |
| Other organizations performing similar types of work: | $859,953 |
Assets in 2013: $91,476 (it was $96,266 in 2012)
| Adam Foundation Inc: | $91,476 |
| Other organizations performing similar types of work: | $195,774 |
Expenses in 2013: $55,733
| Adam Foundation Inc: | $55,733 |
| Other organizations performing similar types of work: | $873,879 |
Income to expenses ratio in 2013: 1.1
| Adam Foundation Inc: | 1.1 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 37.4%
| Adam Foundation Inc: | 37.4% |
| Other organizations performing similar types of work: | 86.0% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances |
| 2011 | 2012 | 2013 |
|---|
| Total revenue | $37,777 | $52,245 | $50,943 |
| Contributions, gifts, grants, and similar amounts received | $28,163 | $31,354 | $19,040 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $1,036 | $1,335 | $1,401 |
| Gain/Loss from sale of assets other than inventory | $0 | $-61 | $0 |
| Net income/loss from gaming and fundraising events | $8,247 | $19,617 | $30,452 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $16,788 | $28,028 | $42,410 |
| Less: direct expenses from gaming and fundraising events | $8,541 | $8,411 | $11,958 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $331 | $0 | $0 |
| Total expenses | $39,178 | $46,098 | $55,733 |
| Total net assets | $90,119 | $96,266 | $91,476 |
| Excess/Deficit for the year | $-1,401 | $6,147 | $-4,790 |
| Net assets or fund balances at beginning of year | $91,520 | $90,119 | $96,266 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | | $96,266 | $91,476 |
| Balance Sheets |
| 2011 | 2012 | 2013 |
|---|
| Total assets | $90,119 | $96,266 | $91,476 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $90,119 | $96,266 | $91,476 |
| Reason for Public Charity Status (for 2013) |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) |
| 2009 - 2013 Total |
|---|
| Public support | $0 |
| Subtotal | $195,175 |
| Gifts, grants, contributions, and membership fees received | $114,922 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $80,253 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $4,197 |
| Amounts received from disqualified persons | $4,197 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $199,372 |
| Public support | $195,175 |
| Subtotal | $4,197 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $4,197 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work |
| Id | Name | Address | State | Established | Total Income |
|---|
| 1 | Design Industries Foundation Fighting Aids Inc | 200 Lexington Ave, New York, NY 10016-6255 | NY | 1985-06 | $2,717,129 |
| 2 | Aids Fund, From All Walks Of Life | 1227 Locust St, Philadelphia, PA 19107-5414 | PA | 1989-08 | $865,522 |
| 3 | Utah Aids Foundation | 1408 S 1100 E, Salt Lake Cty, UT 84105-2435 | UT | 1988-10 | $859,953 |
| 4 | United Foundation For Aids Inc | 12570 Ne 7th Ave Ste 104, N Miami, FL 33161-4834 | FL | 1994-09 | $558,833 |
| 5 | Adam Foundation Inc | PO BOX 21113, Winston Salem, NC 27120-1113 | NC | 1997-09 | $62,901 |
| 6 | Cheer Dallas Inc | 3027 Routh St, Dallas, TX 75201-1307 | TX | 1996-07 | $0 |
| 7 | Flying Turtle Foundation Inc | 7510 Sunset Blvd Ste 1410, Hollywood, CA 90046-3408 | CA | 1997-10 | $0 |
| 8 | Webb Alliance Inc | PO BOX 12612, San Antonio, TX 78212-0612 | TX | 1995-07 | $0 |
| Number of organizations performing similar types of work |
| California | 1 |
| Florida | 1 |
| North Carolina | 1 |
| New York | 1 |
| | Pennsylvania | 1 |
| Texas | 2 |
| Utah | 1 |
|
| Total | 8 |
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