Abilis Community Foundation Inc
- Assets
- $6.1m
- Revenue
- $509.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenwich, CT
- Founding
- 05/1997
- Data as of
- 06/2022
- EIN
- 06-1331293
Organization Overview
Abilis Community Foundation Inc is located in Greenwich, CT. The organization was established in 1997. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abilis Community Foundation Inc 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 06/2022, Abilis Community Foundation Inc generated $509.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $148.3k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Abilis Community Foundation Inc has awarded 33 individual grants totaling $1,449,956. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SOLICIT AND DISTRIBUTE FUNDS FOR SERVICES TO PEOPLE WITH DISABILITIES IN FAIRFIELD COUNTY, CONNECTICUT BY SUPPORTING QUALIFIED 501(C)(3) ORGANIZATIONS IN THOSE AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION ESTABLISHED TO SOLICIT AND DISTRIBUTE FUNDS FOR SERVICES TO PEOPLE WITH DISABILITIES IN FAIRFIELD COUNTY, CONNECTICUT.
THE ORGANIZATION PROVIDES LOW-INCOME HOUSING THROUGH A LICENSED COMMUNITY LIVING ARRANGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Corba Director | Trustee | 0.25 | $0 |
Louis Paglia Director | Trustee | 0.25 | $0 |
Lawrence Hilibrand Director | Trustee | 0.25 | $0 |
Herald Ritch President | OfficerTrustee | 0.25 | $0 |
Dean Allen Secretary/tr | OfficerTrustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $95,048 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,048 |
| Total Program Service Revenue | $69,550 |
| Investment income | $145,090 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $196,875 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $509,786 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $24,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,169 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,975 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,715 |
| Insurance | $3,229 |
| All other expenses | $0 |
| Total functional expenses | $148,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,215 |
| Savings and temporary cash investments | $144,730 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $210,031 |
| Investments—publicly traded securities | $5,616,879 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $613 |
| Total assets | $6,075,468 |
| Accounts payable and accrued expenses | $20,600 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $171,833 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,025 |
| Total liabilities | $194,458 |
| Net assets without donor restrictions | $2,808,142 |
| Net assets with donor restrictions | $3,072,868 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,075,468 |
Grants Awarded
Over the last fiscal year, Abilis Community Foundation Inc has awarded $40,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
YWCA OF GREENWICH PURPOSE: COMMUNITY ASSIST | $10,000 |
BARTLETT ARBORETUM ASSOCIATION INC PURPOSE: COMMUNITY ASSIST | $10,000 |
WHEEL IT FORWARD PURPOSE: COMMUNITY ASSISTANCE | $10,000 |
COFFEE FOR GOOD PURPOSE: COMMUNITY ASSISTANCE | $10,000 |