Richard & Elaine Ades Family Foundation Inc
Only null% goes to programs Strong reserves Declining revenue
Richard & Elaine Ades Family Foundation Inc is a 501(c)(3) organization based in New Haven, Connecticut, registered in 2001, with $4,795 in FY2024 revenue. CharityIndex grades it F.
271 Whitney Ave, New Haven, CT, 06511 EIN 06-1628570 Since 2001
Revenue (FY2024)
$4,795
▼ 45.6% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$24K
Net assets
$147K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Richard & Elaine Ades Family Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating74 mo reserves · -396% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Richard & Elaine Ades Family Foundation Inc: 74 mo reserves · -396% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Richard & Elaine Ades Family Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Richard & Elaine Ades Family Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 271 Whitney Ave, New Haven, CT, 06511
- City
- New Haven
- State
- Connecticut
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $15K (FY2013) to $4,795 (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $147K
Operating margin
-395.6%
Spent more than it raised in the latest fiscal year.
Total assets
$147K
Total liabilities
$0
Net assets
$147K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $4,795▼45.6% | $23,762▼1.2% | $146,646▼11.5% | $146,646▼11.5% | 990PF |
| 2023 | $8,815▼31.5% | $24,050▼23.7% | $165,613▼8.4% | $165,613▼8.4% | 990PF |
| 2022 | $12,867▲3.5% | $31,523▲52.7% | $180,848▼9.4% | $180,848▼9.4% | 990PF |
| 2021 | $12,427▲92.1% | $20,647▼44.9% | $199,504▼4.0% | $199,504▼4.0% | 990PF |
| 2020 | $6,470▲67.3% | $37,487▲38.7% | $207,724▼13.0% | $207,724▼13.0% | 990PF |
| 2019 | $3,868▼52.7% | $27,024▲33.9% | $238,741▼8.8% | $238,741▼8.8% | 990PF |
| 2018 | $8,177▼28.2% | $20,176▲22.7% | $261,897▼4.4% | $261,897▼4.4% | 990PF |
| 2017 | $11,389▲91.5% | $16,439▲35.4% | $273,896▼1.8% | $273,896▼1.8% | 990PF |
| 2016 | $5,946▼69.9% | $12,143▼28.3% | $278,946▼2.2% | $278,946▼2.2% | 990PF |
| 2015 | $19,747▼50.4% | $16,926▼3.9% | $285,143▲1.0% | $285,143▲1.0% | 990PF |
| 2014 | $39,824▲159% | $17,621▼0.4% | $282,322▲8.5% | $282,322▲8.5% | 990PF |
| 2013 | $15,375 | $17,694 | $260,119 | $260,119 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Richard & Elaine Ades Family Foundation Inc a legitimate nonprofit?
- Yes. Richard & Elaine Ades Family Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 06-1628570, based in New Haven, Connecticut. Donations are tax-deductible.
- What is Richard & Elaine Ades Family Foundation Inc's EIN?
- Richard & Elaine Ades Family Foundation Inc's Employer Identification Number (EIN) is 06-1628570.
- How much revenue does Richard & Elaine Ades Family Foundation Inc report?
- Richard & Elaine Ades Family Foundation Inc reported $4,795 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Richard & Elaine Ades Family Foundation Inc have?
- CharityIndex grades Richard & Elaine Ades Family Foundation Inc F, based on financial health (reserves and operating margin).
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Data for Richard & Elaine Ades Family Foundation Inc (EIN 06-1628570) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.