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Nonprofit · EIN 23-7268285

ADCO FOUNDATION INC

Tax-exempt · NEW YORK, NY 10176

Financials

$23K$104K2023$49K$76K2024
Revenue Expenses · by fiscal year end
Financials of ADCO FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$49,227$75,525-$26,298$509,721$0$509,721
December 31, 2023990-PF$23,086$104,177-$81,091$518,488$0$518,488
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$12,058
Net gain from sales of assets
$37,169

Expenses

Grants and similar amounts paid
$16,590
Compensation of officers, directors and key employees
$46,400
Disbursements for charitable purposes
$50,591
Excise tax on investment income
$338

Balance sheet and other

Total assets, start of year
$518,488
Total assets, end of year
$509,721
Total liabilities, end of year
$0
Net assets, end of year
$509,721
Fair market value of assets
$509,721
Qualifying distributions
$50,591
Net investment income
$49,227

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
DANA DAVIS
C/O LUTZ CARR 551 5TH AVE 4TH FL, NEW YORK, NY 10176
SECRETARY12$23,900
ALIA MULLINGS TYNER
371 FT WASHINGTON 5H, NEW YORK, NY 10033
DIRECTOR5$9,000
EMILY GOODMAN
250 W 89TH ST, NEW YORK, NY 10024
DIRECTOR5$6,000
MICHELLE FINE
C/O LUTZ CARR 551 5TH AVE 4TH FL, NEW YORK, NY 10176
DIRECTOR5$4,500
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
DANA DAVIS
C/O LUTZ CARR 551 5TH AVE 4TH FL, NEW YORK, NY 10176
SECRETARY12$23,300
EMILY GOODMAN
250 W 89TH ST, NEW YORK, NY 10024
DIRECTOR5$7,500
MICHELLE FINE
C/O LUTZ CARR 551 5TH AVE 4TH FL, NEW YORK, NY 10176
DIRECTOR5$6,000
ALIA MULLINGS TYNER
371 FT WASHINGTON 5H, NEW YORK, NY 10033
DIRECTOR5$3,000

Address and contacts

Address (IRS master file)
CO LUTZ CARR 551 5TH AVE 400, NEW YORK, NY 10176-0000
In care of
% LUTZ & CARR
Signed the 990-PF
DANA-AIN DAVIS, EXECUTIVE DIRECTOR
Phone
(718) 644-6346
Return prepared by
LUTZ AND CARR CPAS LLP

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
23-7268285
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1974
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$509,721
Income (IRS master file)
$429,290

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024–––IRS
990-PFDecember 2023$23,086$104,177$518,488IRS
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about ADCO FOUNDATION INC

What is the EIN of ADCO FOUNDATION INC?
The employer identification number (EIN) of ADCO FOUNDATION INC is 23-7268285.
Is ADCO FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
Are donations to ADCO FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does ADCO FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of ADCO FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ADCO FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of ADCO FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 4 people; 4 received compensation from the organization, the highest $23,900 (DANA DAVIS, SECRETARY).
How much revenue does ADCO FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $49,227, expenses of $75,525 and total assets of $509,721 at year end.

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