Abbas Ambassadors Inc
- Assets
- $332.7k
- Revenue
- $453.3k
- Investments
- $268.7k
- Employees
- 0
- Location
- Ridgefield, CT
- Founding
- 09/2007
- Data as of
- 12/2023
- EIN
- 20-8043230
Organization Overview
Abbas Ambassadors Inc is located in Ridgefield, CT. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Abbas Ambassadors 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 12/2023, Abbas Ambassadors Inc generated $453.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $469.3k during the year ending 12/2023. While expenses have increased by 3.9% per year over the past 6 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF MISSIONARIES IN THE U.S. AND ABROAD EITHER DIRECTLY OR THROUGH OTHER CHARITABLE ORGANIZATIONS SUCH AS MASANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John F Gibson President | 25 | $0 | |
Elizabeth A Murphy Vice Preside | 10 | $0 | |
Daniel F Gibson Dir/treas/cf | 10 | $0 | |
Janell M Brittain Secretary | 2 | $0 | |
Joel T Gibson Director | 2 | $0 | |
Cynthia D Gibson VP & Sec Thr | 25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $416,491 |
| Interest on Savings | $114 |
| Dividends & Interest | $6,407 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,240 |
| Capital Gain Net Income | $30,223 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $453,252 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $260 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,290 |
| Total operating and administrative expenses | $8,700 |
| Contributions, gifts, grants paid | $460,570 |
| Total expenses and disbursements | $469,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,914 |
| 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 | $0 |
| Total assets | $332,655 |
| 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, Abbas Ambassadors Inc has awarded $361,391 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
MASANA PURPOSE: TO HELP UNDERPRIVILEGED CHILDREN IN | $154,506 |
ALON RAJAA GRIMBERG PURPOSE: COST OF LIVING AND OTHER REIM. | $22,100 |
BISHARA LOUBNA DEEB PURPOSE: COST OF LIVING AND OTHER REIMBURSEME | $49,425 |
CONNIE RAO PURPOSE: SCHOOL IN INDIA FOR UNDERPRIVLEGED | $39,112 |
HOUSE OF LIGHT PURPOSE: MINISTRY IN ISRAEL | $10,938 |
KARIN GRIMBERG PURPOSE: COST OF LIVING AND OTH REIMBURSEMENT | $100 |