Jennie G & Pearl Abell Foundation Trust
- Assets
- $1.7m
- Revenue
- $120.1k
- Investments
- $1.6m
- Employees
- 0
- Location
- Ashland, KS
- Founding
- 10/1975
- Data as of
- 05/2023
- 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 05/2023, Jennie G & Pearl Abell Foundation Trust generated $120.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $126.9k during the year ending 05/2023. While expenses have increased by 8.8% per year over the past 3 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.
Since 2021, Jennie G & Pearl Abell Foundation Trust has awarded 43 individual grants totaling $254,350. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP GRANTS. SEE SCHEDULE ATTACHED.
ADMINISTRATIVE EXPENSES FOR SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Walker Trustee | 1 | $0 | |
Terrie Luckie Trustee | 5 | $6,000 | |
Carol Tedford Trustee | 1 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,145 |
| Dividends & Interest | $77,809 |
| Net Rental Income | $959 |
| Net Gain on Sale of Assets | -$20 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $37,309 |
| Total Revenue | $120,083 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,458 |
| Depreciation | $0 |
| Occupancy | $1,410 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,269 |
| Total operating and administrative expenses | $28,046 |
| Contributions, gifts, grants paid | $98,850 |
| Total expenses and disbursements | $126,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,899 |
| Savings and temporary cash investments | $89,858 |
| 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 | $7,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,746,743 |
| 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 $98,850 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ABIGAYL CONARD PURPOSE: COLLEGE SCHOLARSHIP | $5,000 |
ALEX DEIBERT PURPOSE: COLLEGE SCHOLARSHIP | $10,000 |
AUSTIN BAKER PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
ALEXIS HORNBACK PURPOSE: COLLEGE SCHOLARSHIP | $8,000 |
BRAYTON DEWELL PURPOSE: COLLEGE SCHOLARSHIP | $8,000 |
AUSTIN GOODNIGHT PURPOSE: COLLEGE SCHOLARSHIP | $10,000 |