Michael And Sheila Abiri Family Foundation
- Assets
- $3.8m
- Revenue
- $513.3k
- Investments
- $3.5m
- Employees
- 0
- Location
- Bryn Mawr, PA
- Founding
- 07/2008
- Data as of
- 12/2021
- EIN
- 26-6161684
Organization Overview
Michael And Sheila Abiri Family Foundation is located in Bryn Mawr, PA. The organization was established in 2008. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Michael And Sheila Abiri Family 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 12/2021, Michael And Sheila Abiri Family Foundation generated $513.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (22.3%) each year. All expenses for the organization totaled $168.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Michael And Sheila Abiri Family Foundation has awarded 123 individual grants totaling $803,286. 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 |
|---|---|---|---|
Michael M Abiri Trustee | 0 | $0 | |
Sheila Westerfeld-Abiri Trustee | 2 | $0 | |
Allison Abiri Jean Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $61,324 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $451,983 |
| Capital Gain Net Income | $451,983 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $513,308 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $19,348 |
| Contributions, gifts, grants paid | $149,359 |
| Total expenses and disbursements | $168,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $324,680 |
| 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 | $3,825,935 |
| 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, Michael And Sheila Abiri Family Foundation has awarded $149,359 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: PAYMENTS FOR GENERAL FUND | $50,000 |
New York, NY PURPOSE: PAYMENTS FOR GENERAL FUND | $50,000 |
CHABAD OF MAIN LINE PURPOSE: PAYMENTS FOR GENERAL FUND | $18,000 |
Penn Valley, PA PURPOSE: PAYMENTS FOR GENERAL FUND | $9,408 |
CHABAD OF FORT LEE PURPOSE: PAYMENTS FOR GENERAL FUND | $5,400 |
CHABAD OF ROSLYN PURPOSE: PAYMENTS FOR GENERAL FUND | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $130,108,063 | $92,858,448 |
Carson Fam Charitable Tr New York, NY | $302,357,968 | $144,716,166 |
Blavatnik Family Foundation 2020 New York, NY | $0 | $14,146 |
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
Henry Luce Foundation Inc New York, NY | $1,226,277,880 | $84,818,070 |