Ethel S Abbott Charitable Foundation
- Assets
- $35.4m
- Revenue
- $1.4m
- Investments
- $35.4m
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- 03/1973
- Data as of
- 09/2024
- EIN
- 23-7265876
Organization Overview
Ethel S Abbott Charitable Foundation is located in Lincoln, NE. The organization was established in 1973. 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. Ethel S Abbott Charitable Foundation 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 09/2024, Ethel S Abbott Charitable Foundation generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $919.6k during the year ending 09/2024. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ethel S Abbott Charitable Foundation has awarded 266 individual grants totaling $15,574,308. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel E Lienemann Secretary | 5 | $21,600 | |
Del A Lienemann Jr Trustee | 2 | $9,600 | |
Denise L Scholz Treasurer | 5 | $28,800 | |
Dorothy Pflug President | 10 | $33,600 | |
James Carpenter Trustee | 2 | $8,800 | |
Laura Bishop Trustee/vice President | 2 | $9,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $690 |
| Dividends & Interest | $629,149 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $815,814 |
| Capital Gain Net Income | $815,814 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $510 |
| Total Revenue | $1,446,163 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $131,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,269 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,190 |
| Printing and publications | $0 |
| Other expenses | $5,347 |
| Total operating and administrative expenses | $280,849 |
| Contributions, gifts, grants paid | $638,750 |
| Total expenses and disbursements | $919,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $44,373 |
| 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 | $3,000,000 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,037 |
| Total assets | $35,409,651 |
| Accounts payable and accrued expenses | -$5 |
| 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 | -$5 |
Grants Awarded
Over the last fiscal year, Ethel S Abbott Charitable Foundation has awarded $638,750 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: EMERGENCY ELKHORN TORNADO RELIEF | $10,000 |
ADAPTIVE SPORTS PROGRAM NEW MEXICO PURPOSE: SPORTS EQUIPMENT | $10,000 |
ANGELS AMOUNG US PURPOSE: PROGRAMMING GRANT | $10,000 |
CIVIC NEBRASKA PURPOSE: NORTHEAST HS CLC PROGRAM | $10,000 |
BELLVUE UNIVERSITY PURPOSE: VISION AND VALUES SERIES | $10,000 |
CASA OF NORTH CENTRAL NEBRASKA PURPOSE: PROGRAMMING GRANT | $5,000 |