Aabr Foundation Inc is located in College Point, NY. The organization was established in 1967. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, 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. Aabr 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, Aabr Foundation Inc generated $441.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $162.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (12.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SOLICIT AND RAISE FUNDS TO SUPPORT SPECIALIZED EDUCATION OPPORTUNITIES, COMMUNITY SUPPORT AND FACILITIES FOR THOSE WITH DIFFICULTIES DUE TO NERVOUS OR BIOCHEMICAL SYSTEM DAMAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO PUBLIC CHARITIES THAT SUPPORT EDUCATION AND PROVIDE COMMUNITY SUPPORT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jeffrey Meaney President | OfficerTrustee | 1 | $0 |
Andy Occhino Secretary | OfficerTrustee | 1 | $0 |
Sheryl Haughton Taylor Treasurer | Trustee | 1 | $0 |
Alfonso Holloman Board Member | Trustee | 1 | $0 |
Amy Johnson Board Member | Trustee | 1 | $0 |
Randy Rock Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $334,293 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $81,165 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $415,458 |
Total Program Service Revenue | $0 |
Investment income | $125,231 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$31,731 |
Net Income from Fundraising Events | -$67,455 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $441,503 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $8,095 |
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 | $63,789 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $15,826 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $22,256 |
Fees for services: Other | $17,982 |
Advertising and promotion | $0 |
Office expenses | $34,441 |
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 | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $167 |
All other expenses | $245 |
Total functional expenses | $162,801 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,010,890 |
Savings and temporary cash investments | $1,072,355 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $8,250 |
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 | $2,351 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $3,538,911 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $4,811,556 |
Total assets | $10,444,313 |
Accounts payable and accrued expenses | $1,489 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $1,489 |
Net assets without donor restrictions | $10,308,698 |
Net assets with donor restrictions | $134,126 |
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 | $10,444,313 |
Over the last fiscal year, Aabr Foundation Inc has awarded $103,622 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
SISTERS OF ST DOMINIC PURPOSE: CONTRIBUTION - EDU. & COMM SUPPORT | $5,500 |
AABR INC PURPOSE: GRANT - EDU. SUPPORT | $98,122 |