Nonprofit · EIN 35-1656218
MCADAMS FOUNDATION
Tax-exempt · INDIANAPOLIS, IN 46237
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $33,585 | $41,120 | -$7,535 | $621,183 | $0 | $621,183 |
| December 31, 2024 | 990-PF | $48,054 | $52,968 | -$4,914 | $595,513 | $0 | $595,513 |
| December 31, 2023 | 990-PF | $23,223 | $36,795 | -$13,572 | $572,519 | $0 | $572,519 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $18,664
- Interest
- $6
- Net gain from sales of assets
- $14,915
Expenses
- Grants and similar amounts paid
- $19,100
- Compensation of officers, directors and key employees
- $14,300
- Disbursements for charitable purposes
- $25,000
- Excise tax on investment income
- $243
Balance sheet and other
- Total assets, start of year
- $595,513
- Total assets, end of year
- $621,183
- Total liabilities, end of year
- $0
- Net assets, end of year
- $621,183
- Fair market value of assets
- $621,184
- Qualifying distributions
- $25,000
- Net investment income
- $33,585
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHLEEN R MCADAMS 6234 ROYAL ALLEY PLACE, INDIANAPOLIS, IN 46237 | TRUSTEE/PRES | 4 | $12,500 |
| MARTHA L OLSON 9520 FALL CREEK ROAD, INDIANAPOLIS, IN 46256 | TRUSTEE/VICE | 0.5 | $300 |
| TIMOTHY A MCADAMS 2601 SW 29TH AVE, CAPE CORAL, FL 33914 | TRUSTEE/VICE | 0.5 | $300 |
| JAMES E MCADAMS 7252 E PONDEROSA PINES PLACE, INDIANAPOLIS, IN 46239 | TRUSTEE/VICE | 0.5 | $300 |
| LARS OLSON 13869 DEARBORN CIRCLE, FISHERS, IN 46038 | TRUSTEE/VICE | 0.5 | $300 |
| NELS OLSON 1558 N PARK AVENUE, INDIANAPOLIS, IN 46202 | TRUSTEE/VICE | 0.5 | $300 |
| LAUREN MCADAMS 3160 TULIP DRIVE, INDIANAPOLIS, IN 46227 | NON-VOTING T | 0 | $300 |
990-PF for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHLEEN R MCADAMS 6234 ROYAL ALLEY PLACE, INDIANAPOLIS, IN 46237 | TRUSTEE/PRESIDENT | 4 | $12,500 |
| MARTHA L OLSON 9520 FALL CREEK ROAD, INDIANAPOLIS, IN 46256 | TRUSTEE/VICE-PRESIDENT | 0.5 | $300 |
| TIMOTHY A MCADAMS 2992 REUNION BLVD, AUSTIN, TX 78737 | TRUSTEE/VICE-PRESIDENT | 0.5 | $300 |
| JAMES E MCADAMS 7252 E PONDEROSA PINES PLACE, INDIANAPOLIS, IN 46239 | TRUSTEE/VICE-PRESIDENT | 0.5 | $300 |
| LARS OLSON 13869 DEARBORN CIRCLE, FISHERS, IN 46038 | TRUSTEE/VICE-PRESIDENT | 0.5 | $300 |
| NELS OLSON 1558 N PARK AVENUE, INDIANAPOLIS, IN 46202 | TRUSTEE/VICE-PRESIDENT | 0.5 | $300 |
| KRISTIN OLSON 1646 N DELAWARE STREET, INDIANAPOLIS, IN 46202 | NON-VOTING TRAINEE | 0 | $300 |
| GRANT MCADAMS 3605 EAST POWELL ROAD, LEWIS CENTER, OH 43035 | NON-VOTING TRAINEE | 0 | $300 |
990-PF for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHLEEN R MCADAMS 6234 ROYAL ALLEY PLACE, INDIANAPOLIS, IN 46237 | TRUSTEE/PRESIDENT | 4 | $12,500 |
| MARTHA L OLSON 9520 FALL CREEK ROAD, INDIANAPOLIS, IN 46256 | TRUSTEE/VICE-PRESIDENT | 0.5 | $300 |
| TIMOTHY A MCADAMS 2992 REUNION BLVD, AUSTIN, TX 78737 | TRUSTEE/VICE-PRESIDENT | 0.5 | $300 |
| JAMES E MCADAMS 7252 E PONDEROSA PINES PLACE, INDIANAPOLIS, IN 46239 | TRUSTEE/VICE-PRESIDENT | 0.5 | $300 |
| NELS OLSON 1558 N PARK AVENUE, INDIANAPOLIS, IN 46202 | TRUSTEE/VICE-PRESIDENT | 0.5 | $300 |
| KELSEY OLSON 1646 N DELAWARE STREET, INDIANAPOLIS, IN 46202 | NON-VOTING TRAINEE | 0 | $300 |
| ANNA LONG 4321 E 65TH STREET, INDIANAPOLIS, IN 46220 | NON-VOTING TRAINEE | 0 | $300 |
| LARS OLSON 13869 DEARBORN CIRCLE, FISHERS, IN 46038 | TRUSTEE/VICE-PRESIDENT | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 6234 ROYAL ALLEY PL, INDIANAPOLIS, IN 46237-9399
- Signed the 990-PF
- KATHLEEN R MCADAMS, TRUSTEE/PRESIDENT
- Phone
- (317) 471-7380
- Return prepared by
- KEMPER CPA GROUP 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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 35-1656218
- 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
- 1987
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $621,183
- Income (IRS master file)
- $118,198
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $33,585 | $41,120 | $621,183 | XML |
| 990-PF | December 2024 | $48,054 | $52,968 | $595,513 | XML |
| 990-PF | December 2023 | $23,223 | $36,795 | $572,519 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 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 35-1656218).
Questions about MCADAMS FOUNDATION
- What is the EIN of MCADAMS FOUNDATION?
- The employer identification number (EIN) of MCADAMS FOUNDATION is 35-1656218.
- Is MCADAMS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to MCADAMS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MCADAMS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MCADAMS 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 MCADAMS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of MCADAMS FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 7 people; 7 received compensation from the organization, the highest $12,500 (KATHLEEN R MCADAMS, TRUSTEE/PRES).
- How much revenue does MCADAMS FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $33,585, expenses of $41,120 and total assets of $621,183 at year end.
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