Philip And Bette Ayoub Foundation
- Assets
- $406.1k
- Revenue
- $29.9k
- Investments
- $153.7k
- Employees
- 0
- Location
- Seekonk, MA
- Founding
- 11/2000
- Data as of
- 12/2023
- EIN
- 05-0508597
Organization Overview
Philip And Bette Ayoub Foundation is located in Seekonk, MA. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philip And Bette Ayoub Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Philip And Bette Ayoub Foundation generated $29.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $31.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Philip And Bette Ayoub Foundation has awarded 115 individual grants totaling $237,855. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip A Ayoub Director | 0 | $0 | |
Bette A Ayoub Director | 0 | $0 | |
Philip G Ayoub Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,149 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,750 |
| Capital Gain Net Income | $15,750 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,899 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17 |
| Total operating and administrative expenses | $736 |
| Contributions, gifts, grants paid | $31,125 |
| Total expenses and disbursements | $31,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,256 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $251,103 |
| Total assets | $406,074 |
| Accounts payable and accrued expenses | $8,900 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,900 |
Grants Awarded
Over the last fiscal year, Philip And Bette Ayoub Foundation has awarded $31,125 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ARABIC EDUCATION FOUNDATION PURPOSE: GENERAL FUND | $600 |
BOYS AND GIRLS CLUB OF PAWTUCKET PURPOSE: GENERAL FUND | $3,350 |
ANCHOR CLUB PURPOSE: GENERAL FUND | $300 |
COMMITTEE FOR POLICE OFFICER'S DEFENSE PURPOSE: GENERAL FUND | $25 |
GOLDEN PAWS PURPOSE: GENERAL FUND | $5,000 |
ST SPYRIDON CHURCH PURPOSE: GENERAL FUND | $1,200 |