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Nonprofit · EIN 20-4480039

JOHN AND PATRICIA ADAMS FOUNDATION

Tax-exempt · SOUTHLAKE, TX 76092

Financials

$240K$445K2023$453K$328K2024
Revenue Expenses · by fiscal year end
Financials of JOHN AND PATRICIA ADAMS FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$452,994$327,752$125,242$6,604,491$0$6,604,491
December 31, 2023990-PF$240,087$444,811-$204,724$6,481,408$127$6,481,281
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$153,062
Interest
$36,743
Net gain from sales of assets
$263,189

Expenses

Grants and similar amounts paid
$240,000
Disbursements for charitable purposes
$244,707
Excise tax on investment income
$2,032

Balance sheet and other

Total assets, start of year
$6,481,408
Total assets, end of year
$6,604,491
Total liabilities, end of year
$0
Net assets, end of year
$6,604,491
Fair market value of assets
$7,368,084
Qualifying distributions
$244,707
Net investment income
$189,805

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
JOHN ADAMS JR
601 STATE STREET, SOUTHLAKE, TX 76092
FORMER VP0$0
LARY SNODGRASS
601 STATE STREET, SOUTHLAKE, TX 76092
TRUSTEE0$0
SAM P BURFORD JR
601 STATE STREET, SOUTHLAKE, TX 76092
TRUSTEE0$0
SHERRI ADAMS
601 STATE STREET, SOUTHLAKE, TX 76092
TRUSTEE0$0
AMANDA BROWN
601 STATE STREET, SOUTHLAKE, TX 76092
TRUSTEE0$0
990-PF for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
JOHN ADAMS
2350 AIRPORT FREEWAY STE 160, BEDFORD, TX 76022
PRESIDENT0$0
PATRICIA ADAMS
2350 AIRPORT FREEWAY STE 160, BEDFORD, TX 76022
SECRETARY0$0
JOHN ADAMS JR
2350 AIRPORT FREEWAY STE 160, BEDFORD, TX 76022
FORMER VP0$0
LARY SNODGRASS
2350 AIRPORT FREEWAY STE 160, BEDFORD, TX 76022
TRUSTEE0$0
SAM P BURFORD JR
2350 AIRPORT FREEWAY STE 160, BEDFORD, TX 76022
TRUSTEE0$0
SHERRI ADAMS
2350 AIRPORT FREEWAY STE 160, BEDFORD, TX 76022
TRUSTEE0$0
AMANDA BROWN
2350 AIRPORT FREEWAY STE 160, BEDFORD, TX 76022
TRUSTEE0$0

Address and contacts

Address (IRS master file)
601 STATE STREET, SOUTHLAKE, TX 76092-7675
In care of
% JOHN Q ADAMS
Signed the 990-PF
JOHN ADAMS JR, FORMER VP
Phone
(817) 545-7281
Return prepared by
PSK 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
20-4480039
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
2006
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$6,604,491
Income (IRS master file)
$2,590,992

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$452,994$327,752$6,604,491XML
990-PFDecember 2023$240,087$444,811$6,481,408XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 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 20-4480039).

Questions about JOHN AND PATRICIA ADAMS FOUNDATION

What is the EIN of JOHN AND PATRICIA ADAMS FOUNDATION?
The employer identification number (EIN) of JOHN AND PATRICIA ADAMS FOUNDATION is 20-4480039.
Is JOHN AND PATRICIA ADAMS FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
Are donations to JOHN AND PATRICIA ADAMS FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does JOHN AND PATRICIA ADAMS FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of JOHN AND PATRICIA ADAMS FOUNDATION 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 JOHN AND PATRICIA ADAMS FOUNDATION 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 JOHN AND PATRICIA ADAMS FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does JOHN AND PATRICIA ADAMS FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $452,994, expenses of $327,752 and total assets of $6,604,491 at year end.

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