Jennie G & Pearl Abell Foundation Trust
- Assets
- $1.8m
- Revenue
- $88.4k
- Investments
- $1.6m
- Employees
- 0
- Location
- Ashland, KS
- Founding
- 10/1975
- Data as of
- 05/2022
- EIN
- 23-7454791
Organization Overview
Jennie G & Pearl Abell Foundation Trust is located in Ashland, KS. The organization was established in 1975. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Jennie G & Pearl Abell Foundation Trust 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 05/2022, Jennie G & Pearl Abell Foundation Trust generated $88.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $107.8k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Jennie G & Pearl Abell Foundation Trust has awarded 29 individual grants totaling $155,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP GRANTS. SEE SCHEDULE ATTACHED.
ADMINISTRATIVE EXPENSES FOR SCHOLARSHIPS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terrie Luckie Trustee | 5 | $6,000 | |
Rick Walker Trustee | 1 | $0 | |
Carol Tedford Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,992 |
| Dividends & Interest | $76,423 |
| Net Rental Income | $3,902 |
| Net Gain on Sale of Assets | -$25,696 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $29,728 |
| Total Revenue | $88,380 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,147 |
| Depreciation | $0 |
| Occupancy | $1,891 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,835 |
| Total operating and administrative expenses | $25,770 |
| Contributions, gifts, grants paid | $82,000 |
| Total expenses and disbursements | $107,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,440 |
| Savings and temporary cash investments | $89,937 |
| 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 | $59,717 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,005 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,753,556 |
| Accounts payable and accrued expenses | $147 |
| 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 | $147 |
Grants Awarded
Over the last fiscal year, Jennie G & Pearl Abell Foundation Trust has awarded $82,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
TAYLOR SARVER PURPOSE: COLLEGE SCHOLARSHIP | $8,000 |
HAILE HARRINGTON PURPOSE: COLLEGE SCHOLARSHIP | $8,000 |
MAVERICK FLAX PURPOSE: COLLEGE SCHOLARSHIP | $8,000 |
ALEXIS HORNBACK PURPOSE: COLLEGE SCHOLARSHIP | $6,000 |
JESSICA CORDERO PURPOSE: COLLEGE SCHOLARSHIP | $6,000 |
GISELL GONZALEZ PURPOSE: COLLEGE SCHOLARSHIP | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado State University Foundation Fort Collins, CO | $706,044,439 | $163,322,590 |
Colorado School Of Mines Foundation Golden, CO | $425,843,908 | $49,131,943 |
American Indian College Fund Denver, CO | $151,570,496 | $57,441,920 |
Missouri State University Foundation Springfield, MO | $193,009,225 | $33,993,322 |
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Washburn University Foundation Topeka, KS | $212,049,839 | $17,810,833 |
Linda Hall Library Trust Kansas City, MO | $201,287,634 | $7,552,380 |
Fort Hays State University Foundation Hays, KS | $117,134,366 | $18,921,024 |
University Of Northern Colorado Foundation Inc Greeley, CO | $134,921,327 | $19,470,249 |
Private Education-Employers Trust St Louis, MO | $386,613 | $11,502,248 |
Emporia State University Foundation Emporia, KS | $139,579,484 | $15,768,413 |