Nonprofit · EIN 99-1291620
ADAMS VALVE FOUNDATION
Tax-exempt · RESTON, VA 20191
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $188,065 | $56,300 | $131,765 | $2,264,693 | $0 | $2,264,693 |
| December 31, 2024 | 990 | $2,136,551 | $3,623 | $2,132,928 | $2,132,928 | $0 | $2,132,928 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $100,000
- Program service revenue
- $0
- Investment income
- $88,065
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $23,751
- Program services (functional)
- $28,071
- Management and general (functional)
- $28,229
Balance sheet and other
- Total assets, start of year
- $2,132,928
- Total assets, end of year
- $2,264,693
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,264,693
- Gross receipts
- $188,065
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2024
- State of legal domicile
- DE
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID ADAMS | PRESIDENT/DIRECTOR Trustee or director, Officer | 1 | $0 |
| JOHN COSTAS | TREASURER/DIRECTOR Trustee or director, Officer | 1 | $0 |
| ELLIOTT FOX | SECRETARY/DIRECTOR Trustee or director, Officer | 1 | $0 |
| ISMAIL EL-HAMAMSY | VICE PRESIDENT Officer | 1 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID ADAMS | PRESIDENT/DIRECTOR Trustee or director, Officer | 1 | $0 |
| JOHN COSTAS | TREASURER/DIRECTOR Trustee or director, Officer | 1 | $0 |
| ELLIOTT FOX | SECRETARY/DIRECTOR Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 12030 SUNRISE VALLEY DR STE 450, RESTON, VA 20191-3400
- In care of
- % ELLIOTT FOX
- Principal officer (990 for 2025)
- ELLIOTT FOX, 12030 SUNRISE VALLEY DRIVE 450, RESTON, VA 20191
- Signed the 990
- ELLIOTT FOX, SECRETARY
- Phone
- (703) 437-9720
- Return prepared by
- GORFINE SCHILLER & GARDYN PA
Mission
TO SUPPORT EXCELLENCE AND BEST PRACTICES IN HEART VALVE TREATMENT AND SURGERY, SUPPORT EDUCATION IN THE FIELD OF HEART VALVE SURGERY, AND EXPAND HEART VALVE TREATMENT FOR UNDERSERVED POPULATIONS.
Program accomplishments
- GRANTMAKING IN SUPPORT OF HEART VALVE SURGERY EXCELLENCE TO PROMOTE THE EXPANSION OF BEST PRACTICE IN RECONSTRUCTIVE HEART VALVE SURGERY, WHILE MODELING EXCELLENCE IN EVERY ASPECT OF PATIENT EXPERIENCE AND OUTCOMES.SUPPORTING EDUCATION FOR MEDICAL ORGANIZATIONS, CLINICIANS AND PATIENTS, WITH A FOCUS ON UNDERSERVED POPULATIONS BY HELPING 501(C)(3) SURGICAL CENTERS IMPLEMENT BEST PRACTICES, AND CONDUCTING HEART SURGERY EDUCATIONAL OUTREACH TO REFERRING PHYSICIANS AND TO PATIENTS, PARTICULARLY AMONG UNDERSERVED POPULATIONS. EXPANSION OF ACCESS TO HEALTHCARE WITH A PARTICULAR FOCUS ON SERVING MILITARY VETERANS.Expenses $28,071
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 99-1291620
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H43)
- Assets (IRS master file)
- $2,264,693
- Income (IRS master file)
- $188,065
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $188,065 | $56,300 | $2,264,693 | IRS |
| 990 | December 2024 | $2,136,551 | $3,623 | $2,132,928 | 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 99-1291620).
Questions about ADAMS VALVE FOUNDATION
- What is the EIN of ADAMS VALVE FOUNDATION?
- The employer identification number (EIN) of ADAMS VALVE FOUNDATION is 99-1291620.
- Is ADAMS VALVE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to ADAMS VALVE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ADAMS VALVE FOUNDATION 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 VALVE FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ADAMS VALVE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of ADAMS VALVE FOUNDATION?
- The 990 for the year ended December 31, 2025 names ELLIOTT FOX.
- Who are the officers and directors of ADAMS VALVE FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does ADAMS VALVE FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $188,065, expenses of $56,300 and total assets of $2,264,693 at year end.
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