Terence & Jennifer Adderley Foundation
Only null% goes to programs Strong reserves Declining revenue
Terence & Jennifer Adderley Foundation is a 501(c)(3) organization based in Detroit, Michigan, registered in 2018, with $4,590,693 in FY2024 revenue. CharityIndex grades it C+.
1901 St Antoine Street 6th Floor, Detroit, MI, 48226 EIN 82-4235509 Since 2018
Revenue (FY2024)
$4.6M
▼ 37.3% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$1.1M
Net assets
$29.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—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 Terence & Jennifer Adderley Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating314 mo reserves · +76% 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 Terence & Jennifer Adderley Foundation: 314 mo reserves · +76% margin earns a B+ 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 Terence & Jennifer Adderley Foundation— 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 Terence & Jennifer Adderley Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1901 St Antoine Street 6th Floor, Detroit, MI, 48226
- City
- Detroit
- State
- Michigan
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $101K (FY2019) to $4.6M (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $29.4M
Operating margin
75.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$29.4M
Total liabilities
$0
Net assets
$29.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $4,590,693▼37.3% | $1,122,025▼35.2% | $29,380,432▲14.1% | $29,380,432▲14.1% | 990PF |
| 2023 | $7,319,864▼43.1% | $1,731,568▲481% | $25,750,194▲27.9% | $25,750,194▲27.9% | 990PF |
| 2022 | $12,873,947▲70.6% | $297,859▲1252% | $20,139,414▲165% | $20,139,414▲165% | 990PF |
| 2021 | $7,546,528▲327298% | $22,034▲92.9% | $7,603,912▲9432% | $7,603,912▲9432% | 990PF |
| 2020 | $2,305▼97.7% | $11,422▼0.7% | $79,770▼10.3% | $79,770▼10.3% | 990PF |
| 2019 | $100,533 | $11,505 | $88,908 | $88,908 | 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 Terence & Jennifer Adderley Foundation a legitimate nonprofit?
- Yes. Terence & Jennifer Adderley Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 82-4235509, based in Detroit, Michigan. Donations are tax-deductible.
- What is Terence & Jennifer Adderley Foundation's EIN?
- Terence & Jennifer Adderley Foundation's Employer Identification Number (EIN) is 82-4235509.
- How much revenue does Terence & Jennifer Adderley Foundation report?
- Terence & Jennifer Adderley Foundation reported $4,590,693 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Terence & Jennifer Adderley Foundation have?
- CharityIndex grades Terence & Jennifer Adderley Foundation C+, based on financial health (reserves and operating margin).
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Data for Terence & Jennifer Adderley Foundation (EIN 82-4235509) 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.