Nonprofit · EIN 90-0394877
ADAMS STREET FOUNDATION INC
Tax-exempt · BROOKLYN, NY 11201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $282,930 | $724,424 | -$441,494 | $388,172 | $12,396 | $375,776 |
| June 30, 2024 | 990 | $496,316 | $654,091 | -$157,775 | $852,297 | $34,668 | $817,629 |
| June 30, 2023 | 990 | $540,582 | $702,688 | -$162,106 | $1,013,639 | $40,796 | $972,843 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $250,293
- Program service revenue
- $0
- Investment income
- $22,227
- Other revenue
- $10,410
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $65,707
- Other salaries and wages
- $312,830
- Salaries, compensation and benefits (total)
- $462,532
- Professional fundraising fees
- $0
- Accounting fees
- $47,357
- Depreciation
- $4,965
- Program services (functional)
- $508,723
- Management and general (functional)
- $129,240
- Fundraising (functional)
- $86,461
Balance sheet and other
- Total assets, start of year
- $852,297
- Total assets, end of year
- $388,172
- Total liabilities, end of year
- $12,396
- Net assets, end of year
- $375,776
- Land, buildings and equipment
- $9,518
- Net assets without donor restrictions
- $375,776
- Gross receipts
- $282,930
- Employees
- 10
- Volunteers
- 70
- Year formed
- 2008
- State of legal domicile
- NY
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 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ray Seaborough | Executive Dir. Trustee or director, Officer | 40 | $65,708 |
| Fei Chi | Director Trustee or director | 1 | $0 |
| Eric Cottle | Director Trustee or director | 1 | $0 |
| Kristin Ferrales | Principal Trustee or director, Officer | 1 | $0 |
| Justin C Clarke | Director Trustee or director | 1 | $0 |
| Michael Jalkut | Director Trustee or director | 1 | $0 |
| Amanda Miller | Treasurer Trustee or director, Officer | 1 | $0 |
| Barry W Rashkover | Director Trustee or director | 1 | $0 |
| Alexandra Nasonova | Director Trustee or director | 0 | $0 |
| Joaquin M Sena | Director Trustee or director | 1 | $0 |
| Colby Allsbrook | CHAIR Trustee or director, Officer | 1 | $0 |
| Sinisa Babcic | Director Trustee or director | 1 | $0 |
| Jillian Berman | Director Trustee or director | 0 | $0 |
| Marnie Rosenberg | Director | 0 | $0 |
| Wes Earnhardt | Co-Chair | 1 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Larry Stevens | Executive Director | 40 | $152,238 |
| Fei Chi | Director Trustee or director | 1 | $0 |
| Eric Cottle | Director Trustee or director | 1 | $0 |
| Wes Earnhardt | Co-Chair Trustee or director, Officer | 1 | $0 |
| Kristin Ferrales | Principal Trustee or director | 1 | $0 |
| Joe Keohane | Director Trustee or director | 1 | $0 |
| Beth Lind | Director Trustee or director | 1 | $0 |
| Amanda Miller | Treasurer Trustee or director, Officer | 1 | $0 |
| Barry W Rashkover | Director Trustee or director | 1 | $0 |
| Marnie Rosenberg | Director Trustee or director | 1 | $0 |
| Joaquin M Sena | Director Trustee or director | 1 | $0 |
| Ray Seaborough | Executive Dir. Trustee or director, Officer | 40 | $0 |
| Colby Allsbrook | Co-Chair Trustee or director, Officer | 1 | $0 |
| Sinisa Babcic | Director Trustee or director | 1 | $0 |
| Jillian Berman | Director Trustee or director | 0 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR SEAN LARRY STEVENS | EXECUTIVE DIRECTOR Officer | 40 | $86,950 | $12,858 |
| COLBY ALLSBROOK | CO-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| WES EARNHARDT | CO-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| AMANDA MILLER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| KRISTIN FERRALES | PRINCIPAL Trustee or director, Officer | 1 | $0 | $0 |
| JILLIAN BERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOAQUIN M SENA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARNIE ROSENBERG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BETH LIND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BARRY W RASHKOVER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SINISA BABCIC | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOE KEOHANE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC COTTLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FEI CHI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALISON L MOORE | DIRECTOR (THRU SEPT 22) Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 283 ADAMS ST, BROOKLYN, NY 11201-2804
- In care of
- % JOE PINTO
- Principal officer (990 for 2024)
- Ray Seaborough, 283 ADAMS STREET, BROOKLYN, NY 11201
- Signed the 990
- Ray Seaborough, Executive Director
- Phone
- (718) 834-6716
- Website
- www.283adams.org
- Return prepared by
- RLN US LLP
Mission
THE ADAMS STREET FOUNDATION IS THE IN-HOUSE, NON-PROFIT PARTNER TO THE URBAN ASSEMBLY SCHOOL FOR LAW & JUSTICE,RESPONSIBLE FOR INTEGRATING PRE-COLLEGE ENRICHMENT AND PREPARATION FOR COLLEGE AND CAREER INTO THE SCHOOL'S CURRICULUM
Program accomplishments
- The Adams Street Foundation, in partnership with the Urban Assembly School for Law &Justice (SLJ), serves over 425 students, the majority of whom live near or below thepoverty line and will be the first in their family to go to college. SLJ is anunscreened, law-themed high school. Activities include SAT prep, college tours,financial aid counseling, essay feedback, career development opportunities withseasoned professionals, coaching students through the early admissions process, afterschool clubs, mentoring, and mock trial programs.* 2025 High School Graduation Rate - 94.1% (vs. a comparative city-wide graduation ratefor 2024 of 86%).* In 2025, 100% of our seniors were accepted to college or have a post-high schoolplan.* Class of 2025: 101 out of 101 seniors (100%) had at least two one-on-one meetings with a college advisorExpenses $508,723
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 90-0394877
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $388,172
- Income (IRS master file)
- $282,930
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $282,930 | $724,424 | $388,172 | IRS |
| 990 | June 2024 | $496,316 | $654,091 | $852,297 | IRS |
| 990 | June 2023 | $540,582 | $702,688 | $1,013,639 | XML |
| 990 | June 2022 | $730,306 | $596,010 | $1,152,745 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 90-0394877).
Questions about ADAMS STREET FOUNDATION INC
- What is the EIN of ADAMS STREET FOUNDATION INC?
- The employer identification number (EIN) of ADAMS STREET FOUNDATION INC is 90-0394877.
- Is ADAMS STREET FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to ADAMS STREET FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ADAMS STREET FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ADAMS STREET FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ADAMS STREET FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ADAMS STREET FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names Ray Seaborough.
- Who are the officers and directors of ADAMS STREET FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 15 people; 1 received compensation from the organization, the highest $65,708 (Ray Seaborough, Executive Dir.).
- How much revenue does ADAMS STREET FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $282,930, expenses of $724,424 and total assets of $388,172 at year end.
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