Adagp Charitable Foundation EIN 03-0509965

Adagp Charitable Foundation FY2021 filing

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Improves and enriches the lives of children and youth in communities served by its members. For fiscal year 2021 it reported $766K in revenue, $1.0M in expenses, and $6.8M in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Norristown, PA
Website
morethanautodealers.com
Filings
5 on file (2021–2021)
Revenue
$766KFY2021
Expenses
$1.0M
Net assets
$6.8M
People
15
Filings
5
Updates
0
More identity details & actions ⌄
EIN  03-0509965 Public foundation / grantmaker Norristown, PA
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$1–10M
What they do
Improves and enriches the lives of children and youth in communities served by its members.
Leadership
Ian N Jeffery · President
Money in and out
$766K revenue, $1.0M expenses
Bottom line
97% program efficiency
Grants paid & assets · FY2021
Total revenue
$766K
Pt VIII · Ln 12
Total expenses
$1.0M
Pt IX · Ln 25
Net assets
$6.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$267K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.02 Fundraising $0.01
Program efficiency
97%
of spending reaches programs
Operating runway
79.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
-35%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$766K
FY2021
Expenses
$1.0M
FY2021
Total assets
$6.9M
FY2021
Total liabilities
$99K
FY2021
Total revenue
$766K
Pt VIII · Ln 12
Total expenses
$1.0M
Pt IX · Ln 25
Net assets
$6.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$267K
Total assetsPt X · Ln 16$6.9M
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

3 program services account for $1.0M of program spending, described in the organization's own filed words · FY2020.
01

The mission of the driving away the cold program is clear and simple; to provide new winter coats to local children in need who would otherwise go without them. The program received support from 171 new car dealerships to give away 53,900 new, child size coats in the fall of 2020.

$962Kprogram expense
02

This grant was made to children's hospital of philadelphia. To replace the cancelled black tie tailgate for 2021, we hosted a digital fundraising campaign to raise money for children's hospital of philadelphia's COVID-19 relief fund.

$35Kprogram expense
03

The greater philadelphia auto technology competition for high school seniors promotes auto technology as a wise career choice and it encourages students to continue their auto education while it provides a venue for them to compete for scholarships and tools.

$7Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAdagp Charitable Foundation
EINHdr · item D03-0509965
Principal addressHdr · item CNorristown, PA
WebsiteHdr · item Jmorethanautodealers.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T12)
Ruling yearIRS BMFJul 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary / Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$625K · 82%
Investment income$101K · 13%
Other revenue$40K · 5%
Contributions & grants82%$625K
Investment income13%$101K
Other revenue5%$40K
Total revenueLn 12$766K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.02 Fundraising $0.01
Program services97%$1.0M
Management & general2%$22K
Fundraising1%$7K
Total functional expensesLn 25$1.0M

Balance Sheet

Part X · end of year
CashLn 1$583K
Total assetsLn 16$6.9M
Total liabilitiesLn 26$99K
Total net assetsLn 32$6.8M
Months of cash on handcomputed6.8

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $6.9M · Operating expenses/yr $1.0M
79.7 months
Where the money goes
Program services
Program services $1.0M · Total expenses $1.0M
97%
Management & General
Management & general $22K · Total expenses $1.0M
2%
Fundraising
Fundraising $7K · Total expenses $1.0M
0.7%
Cost to raise $1
Fundraising expense $7K · Solicited contributions $625K
$0.01 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $625K · Total revenue $766K
82%
Government reliance
Government grants — · Total revenue $766K
Earned-income share
Program service revenue $0 · Total revenue $766K
0%
Investment reliance
Investment income $101K · Total revenue $766K
+13%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.0M
0%
Growth & trend
Revenue growth (YoY)
This year $766K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $6.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $766K · Expenses $1.0M
-35%
Liabilities-to-Assets
Total liabilities — · Total assets $6.9M
Net-asset ratio
Net assets $6.8M · Total assets $6.9M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $6.3M · Total assets (Pt X, ln 16) $6.9M
91%
People & payroll
Highest Reported Total Compensation
Individual Ian N Jeffery · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $1.0M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $1.0M
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 2%
Fundraising cost ratio 1%
Legal fee ratio 0.2%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$43K
Grants paid · 10 grants · $5.3M · 2020–2024

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.2M revenue · ⤓ 990 PDF
FY2024$1.2M revenue · ⤓ 990 PDF
FY2023$1.5M revenue · ⤓ 990 PDF
FY2022$768K revenue · ⤓ 990 PDF
FY2021$766K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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