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Ross Ade Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 356026021 ✦ West lafayette, IN ✦ Designated as a 501(c)(3)

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Overview

What is Ross Ade Foundation?

The Ross Ade Foundation, located in West Lafayette, Indiana, serves a crucial role in supporting and aiding the educational goals of Purdue University. Through various means, including obtaining, acquiring, constructing, or providing necessary properties, improvements, or equipment, the foundation seeks to bolster the university's educational endeavors. By supplying funds, properties, or offering assistance in various ways, the Ross Ade Foundation is dedicated to enhancing Purdue University's learning environment and overall development.

Is Ross Ade Foundation legitimate?

Ross Ade Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ross Ade 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

What is the mission statement of Ross Ade Foundation?

The Ross Ade Foundation's mission is centered around supporting and aiding the educational objectives of Purdue University. This support is manifested through various means, including the procurement, acquisition, construction, or provision of necessary facilities, improvements, or equipment. The foundation seeks to contribute funds, property, or assistance in any other way possible to promote educational pursuits in connection with Purdue University.

What is the revenue of Ross Ade Foundation?

Ross Ade Foundation's revenue in 2024 was $3,541,514.

Who are the executives of Ross Ade Foundation and what are their salaries?

There 5 volunteers at Ross Ade Foundation.

Here are 11 key members and their salaries:


Brandee Sommer (Assistant Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Edelman (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eva Nodine (Vice President & Treasurer)
  • Compensation: $0
  • Related: $307,025
  • Other: $46,722
Jodie Melton (Assistant Secretary (Through Feb 2024))
  • Compensation: $0
  • Related: $46,541
  • Other: $17,200
Mung Chiang (President)
  • Compensation: $0
  • Related: $806,789
  • Other: $595,806
Scott Seidle (Assistant Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Ruhl (Director)
  • Compensation: $0
  • Related: $398,331
  • Other: $57,088
Malcolm Dekryger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Klipsch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Almond (Former Vice President)
  • Compensation: $0
  • Related: $318,000
  • Other: $0
Mitchell E Daniels (Former President)
  • Compensation: $0
  • Related: $209,334
  • Other: $43,375
Where can I find the form 990 for Ross Ade Foundation?

Ross Ade Foundation's most recent form 990 was submitted in 2024 and can be accessed here.

Mission Statement of Ross Ade Foundation

The Ross Ade Foundation, named after its benefactors, is committed to supporting and aiding the educational objectives of Purdue University. To accomplish this mission, the foundation actively seeks to acquire, construct, or provide suitable facilities, enhancements, or equipment. By doing so, it aims to assist Purdue University in its educational pursuits, providing funds, property, or any necessary assistance. The foundation's purpose is to promote education in connection with Purdue University, ultimately bettering the university and its students' experiences.

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Impact




October, 2024

The Ross Ade Foundation significantly enhances the educational landscape of Purdue University by providing essential support for infrastructure and facility development. By acquiring, constructing, and improving buildings and grounds, the foundation plays a critical role in creating an environment conducive to learning and innovation. This ensures that Purdue University can offer state-of-the-art facilities and resources, aligning with its mission to deliver high-quality education. Through its efforts, the foundation not only fosters academic excellence but also contributes to the overall growth and advancement of the university community in West Lafayette, Indiana.




This information is meant to be a general summary of Ross Ade 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.

Revenue
$3,541,514 (2024)
Expenses
$3,613,321 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $3,533,876
  • Program Service Revenue: $7,638
  • Gross Receipts: $3,541,514

Assets and Liabilities:

  • Total Assets: $185,779,035
  • Total Liabilities: $181,867,687
  • Net Assets: $3,911,348

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Rent from Affiliates

Revenue

$7,638

Organization Details

Founding Year

1923

NTEE Category

Code: B800 - Education

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