Aabr Foundation Inc
- Assets
- $10.7m
- Revenue
- $435.9k
- Investments
- $0.0
- Employees
- 8
- Location
- College Point, NY
- Founding
- 04/1967
- Data as of
- 06/2021
- EIN
- 11-2218979
Organization Overview
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. As of 06/2021, Aabr Foundation Inc employed 8 individuals. 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 06/2021, Aabr Foundation Inc generated $435.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $146.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (15.6%) per year over the past 6 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
2021
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Audrey Sachs President | OfficerTrustee | 1 | $0 |
Andy Occhino Secretary | OfficerTrustee | 1 | $0 |
Joseph Pulvirenti Treasurer | OfficerTrustee | 1 | $0 |
Marianne Bosnack CFO | Officer | 0.35 | $0 |
Elizabeth A Traynor CEO | Officer | 0.35 | $0 |
Joseph Giamelli Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $40,600 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $189,885 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $230,485 |
| Total Program Service Revenue | $0 |
| Investment income | $118,638 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $85,061 |
| Net Income from Fundraising Events | $1,675 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $435,859 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,500 |
| 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 | $31,406 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $18,354 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,752 |
| Fees for services: Other | $0 |
| Advertising and promotion | $35,622 |
| Office expenses | $27,475 |
| 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 | $183 |
| All other expenses | $4,349 |
| Total functional expenses | $146,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $789,975 |
| Savings and temporary cash investments | $1,457,996 |
| 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 | $3,362 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,559,398 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,896,991 |
| Total assets | $10,707,722 |
| Accounts payable and accrued expenses | $13,217 |
| 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 | $13,217 |
| Net assets without donor restrictions | $10,546,747 |
| Net assets with donor restrictions | $147,758 |
| 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 | $10,707,722 |
Grants Awarded
Over the last fiscal year, Aabr Foundation Inc has awarded $103,622 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
College Point, NY PURPOSE: GRANT - EDU. SUPPORT | $98,122 |
Amityville, NY PURPOSE: CONTRIBUTION - EDU. & COMM SUPPORT | $5,500 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Aabr Foundation Inc has recieved totaling $17,424.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $14,864 |
Betty R Sheffer Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $1,030 |
Mildred M Soefer Family Foundation Voorhees, NJ PURPOSE: FOR OREN WARSHAVSKY HUMANITARIAN AWARD | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $430 |
Arthur J Gallagher Foundation Rolling Meadows, IL PURPOSE: GENERAL EXEMPT PURPOSE | $100 |
Endowment Analysis
| Beg. Balance | $76,662 |
| Earnings | $28,410 |
| Ending Balance | $105,072 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lifespire Inc New York, NY | $111,308,535 | $104,118,369 |
Access Supports For Living Inc Middletown, NY | $71,768,349 | $93,183,468 |
Lifetime Assistance Incorporated Rochester, NY | $48,718,996 | $89,182,117 |
Adults And Children With Learning And Developmental Disabilities Inc Bethpage, NY | $86,914,648 | $85,096,870 |
Advance Care Alliance Of Ny Inc New York, NY | $47,978,523 | $95,257,742 |
Nysarc Inc Kingston, NY | $57,449,352 | $82,380,480 |
Dr Gertrude A Barber Center Inc Erie, PA | $51,676,783 | $81,656,066 |
Special People In Northeast Inc Spin Center Philadelphia, PA | $40,173,863 | $79,124,393 |
Nysarc Inc Monticello, NY | $41,640,766 | $75,670,784 |
Step By Step Inc Wilkes Barre, PA | $34,766,610 | $77,394,755 |
Lycoming-Clinton Joinder Board Williamsport, PA | $25,506,489 | $75,903,170 |
Supportive Concepts For Families Inc Reading, PA | $18,791,646 | $75,001,291 |