Abet Foundation Inc
- Assets
- $377.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 10/2010
- Data as of
- 12/2023
- EIN
- 26-3542581
Organization Overview
Abet Foundation Inc is located in Baltimore, MD. The organization was established in 2010. According to its NTEE Classification (U11) the organization is classified as: Single Organization Support, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abet Foundation 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, Abet Foundation Inc generated $129.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $116.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (11.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ABET FOUNDATION CONDUCTS IMPROVEMENT WORKSHOPS AND CONSULTING SERVICES TO CONSTITUENTS GLOBALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Rajala Director | 1 | $0 | |
Brett Anderson Director | 1 | $0 | |
William Murphy Director | 1 | $0 | |
Mary Kasarda Director | 1 | $0 | |
Hamid Fonooni Director | 1 | $0 | |
David Kelly Preseident | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $129,400 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $129,400 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $94,876 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $21,654 |
| Total expenses | $116,530 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $253,231 |
| Other assets | $0 |
| Total assets | $377,588 |
| Total liabilities | $190,692 |
| Net assets or fund balances | $186,896 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Airport Research And Development Foundation Alexandria, VA | $9,637,708 | $80,961,148 |
Iop Publishing Incorporated Philadelphia, PA | $1,975,090 | $5,102,329 |
Foundation For Meat And Poultry Research And Education Arlington, VA | $2,323,943 | $4,424,296 |
Aip Foundation College Park, MD | $18,690,997 | $2,664,186 |
University Of Virginia Engineering Foundation Inc Charlottesville, VA | $70,082,326 | $3,888,782 |
American Association For Anatomy Rockville, MD | $14,091,138 | $3,223,094 |
Silverlining Inc Washington, DC | $1,454,413 | $2,764,182 |
Abet Foundation Inc Baltimore, MD | $377,588 | $0 |
National Institute Of Aerospace Foundation Hampton, VA | $0 | $721 |
Cpi Foundation Inc Pleasant Gap, PA | $1,142,035 | $23,855 |
Financial Technology & Cybersecurity Center Inc Ashburn, VA | $183 | $7,550 |