James J And Sharon R Abel Foundation
- Assets
- $1.3m
- Revenue
- $69.5k
- Investments
- $1.2m
- Employees
- 0
- Location
- Cleveland Heights, OH
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 26-1248696
Organization Overview
James J And Sharon R Abel Foundation is located in Cleveland Heights, OH. The organization was established in 2009. 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. James J And Sharon R Abel 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 12/2022, James J And Sharon R Abel Foundation generated $69.5k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $127.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, James J And Sharon R Abel Foundation has awarded 94 individual grants totaling $309,400. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James J Abel President/tr | 0 | $0 | |
Sharon R Abel Vice-Preside | 0 | $0 | |
Catherine E Abel Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,784 |
| Dividends & Interest | $22,242 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,513 |
| Capital Gain Net Income | $39,513 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $69,539 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $17,710 |
| Contributions, gifts, grants paid | $110,000 |
| Total expenses and disbursements | $127,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,115 |
| 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 | $1,332,725 |
| 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, James J And Sharon R Abel Foundation has awarded $110,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS DISEASE RESEARCH PURPOSE: GENERAL FUND | $1,000 |
ST IGNATIUS HIGH SCHOOL PURPOSE: GENERAL FUND | $32,000 |
NATIONAL FOUNDATION FOR CANCER RES PURPOSE: GENERAL FUND | $500 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL FUND | $1,000 |
PURDUE FOUNDATION PURPOSE: GENERAL FUND | $41,000 |
CARMEL OF THE HOLY FAMILY PURPOSE: GENERAL FUND | $5,000 |