Gene And Lina Abraham Familyfoundation
- Assets
- $703.3k
- Revenue
- $38.3k
- Investments
- $670.5k
- Employees
- 0
- Location
- Browntown, WI
- Founding
- 06/2007
- Data as of
- 12/2022
- EIN
- 20-8023555
Organization Overview
Gene And Lina Abraham Familyfoundation is located in Browntown, WI. The organization was established in 2007. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gene And Lina Abraham Familyfoundation 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 12/2022, Gene And Lina Abraham Familyfoundation generated $38.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $72.8k during the year ending 12/2022. While expenses have increased by 4.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene R Abraham President | 2 | $0 | |
Lina B Abraham Vice President | 2 | $0 | |
Patricia Sonnicksen Board Member | 2 | $0 | |
Russell Abraham Treasurer / Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25 |
| Dividends & Interest | $21,647 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,667 |
| Capital Gain Net Income | $16,667 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $38,339 |
| 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 | $4,798 |
| Total operating and administrative expenses | $10,798 |
| Contributions, gifts, grants paid | $62,000 |
| Total expenses and disbursements | $72,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,796 |
| 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 | $670,523 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $703,319 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Gene And Lina Abraham Familyfoundation has awarded $62,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HARRY CHAPIN FOOD BANK PURPOSE: GENERAL | $2,000 |
SAN MIGUEL SCHOOLS PURPOSE: GENERAL | $60,000 |