Overview
What is Adam Don Foundation?
The Adam Don Foundation, located in Woodridge, Illinois, is a charitable organization with a primary mission to enhance young people's lives. Their primary funding source is an annual golf outing, the proceeds of which are donated to other eligible charities that align with their mission. Due to unforeseen circumstances, the 2022 golf outing was cancelled. Despite the cancellation, the foundation managed to grant funds to three other organizations during the year. The foundation's purpose is to manage and utilize funds for charitable purposes, making contributions to section 501(c)(3) exempt organizations as per the Internal Revenue Code.
Official website here: www.adamdon.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star Rating
The Adam Don Foundation has received an 83% score, earning it a Three-Star rating, which signifies a good level of accountability and finance management. This rating is based entirely on the Accountability & Finance criteria, where the organization excelled in several key areas, such as having a fully independent board and a strong program expense ratio of 89.1%. These factors highlight the foundation's commitment to transparency and effective use of funds.
The foundation benefits from a fully independent board, which enhances its governance structure and decision-making processes. Additionally, the absence of material diversion of assets and a strong financial health ratio contribute positively to its overall rating. However, there are areas for improvement, such as the absence of a whistleblower policy and document retention guidelines, which are typically considered best practices in nonprofit governance.
Overall, the Adam Don Foundation demonstrates a solid commitment to accountability and effective financial management, though it could strengthen its governance policies in certain areas. The foundation's high program expense ratio indicates that a significant portion of its budget is directed towards its mission, which is a positive sign for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Adam Don Foundation legitimate?
Adam Don Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Adam Don Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.adamdon.org
What is the mission statement of Adam Don Foundation?
The Adam Don Foundation's mission is centered around improving the lives of young people. The primary objective of the foundation is to establish and manage funds, either real or personal property, for charitable purposes. They achieve this by making contributions to organizations that fall under the category of exempt organizations, as defined by Section 501(C)(3) of the Internal Revenue Code, or its corresponding section in any future federal tax code. In essence, the foundation seeks to channel its resources to aid these charitable organizations in their mission to better the lives of young people.
Official website here: www.adamdon.org
Who is the CEO of Adam Don Foundation?
Steven Don is the President/Director of Adam Don Foundation.
Official website here: www.adamdon.org
What is the revenue of Adam Don Foundation?
Adam Don Foundation's revenue in 2022 was $30,443.
Official website here: www.adamdon.org
Who are the executives of Adam Don Foundation and what are their salaries?
There 7 volunteers at Adam Don Foundation.
Here are 7 key members and their salaries:
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Official website here: www.adamdon.org
Where can I find the form 990 for Adam Don Foundation?
Adam Don Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.adamdon.org
Learn more at the official website: www.adamdon.org
Mission Statement of Adam Don Foundation
The Adam Don Foundation, as per its mission, is dedicated to improving the lives of young individuals. Its primary objective is to establish and manage funds, both real and personal property, with the intention of utilizing their income and principal for charitable purposes. The foundation achieves this by making contributions to organizations that fall under the category of exempt organizations, as defined by Section 501(C)(3) of the Internal Revenue Code, or its corresponding section in any future federal tax code. By doing so, the Adam Don Foundation plays a significant role in supporting charitable causes that aim to better the lives of young people.
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Impact
August, 2024
The Adam Don Foundation has a significant impact by helping to make life better for young people. Despite the challenges posed by the cancellation of the annual golf outing due to COVID-19, the organization was able to give grants to three other organizations that align with its mission. By raising funds and contributing to various charities, the foundation plays a vital role in supporting the well-being and development of young individuals. Its philanthropic efforts aim to create positive change and provide opportunities for those in need.
This information is meant to be a general summary of Adam Don Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $29,893
- Gross Receipts: $46,757
Assets and Liabilities:
- Total Assets: $867,017
- Total Liabilities: $0
- Net Assets: $867,017
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Organization Details
Founding Year
2006
Phone
(708) 883-8080Principal Officer
Steven Don
Main Address
9801 ADAM DON PARKWAY, WOODRIDGE, IL, 60517
Website
www.adamdon.orgNTEE Category
Code: T30 - Philanthropy
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