Abc Charities Inc
- Assets
- $301.9k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 02/1982
- Data as of
- 12/2022
- EIN
- 31-1024383
Organization Overview
Abc Charities Inc is located in Indianapolis, IN. The organization was established in 1982. 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. Abc Charities 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 12/2022, Abc Charities Inc generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Abc Charities Inc has awarded 43 individual grants totaling $6,860,479. 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 |
|---|---|---|---|
D Michael Hockett Director/president | 1 | $0 | |
Judy Hockett Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,509,068 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $10,000 |
| Net Gain on Sale of Assets | -$6,033 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,000 |
| Total Revenue | $1,523,035 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $153 |
| Depreciation | $8,826 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,341 |
| Printing and publications | $0 |
| Other expenses | $9,576 |
| Total operating and administrative expenses | $26,160 |
| Contributions, gifts, grants paid | $1,449,709 |
| Total expenses and disbursements | $1,475,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$770 |
| 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 | $1,216 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $301,462 |
| Other assets | $0 |
| Total assets | $301,908 |
| Accounts payable and accrued expenses | $9,937 |
| 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 | $9,937 |
Grants Awarded
Over the last fiscal year, Abc Charities Inc has awarded $1,448,693 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL COOPERATING MINISTRIES PURPOSE: CHURCH BUILDING | $558,842 |
STREAMS IN THE DESERT PURPOSE: UNRESTRICTED CONTRIBUTION | $238,116 |
Danville, IN PURPOSE: UNRESTRICTED CONTRIBUTION | $222,270 |
Boerne, TX PURPOSE: UNRESTRICTED CONTRIBUTION | $175,000 |
Orlando, FL PURPOSE: UNRESTRICTED CONTRIBUTION | $82,000 |
Houston, TX PURPOSE: UNRESTRICTED CONTRIBUTION | $57,778 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Roger And Susan Stone Family Foundation Northbrook, IL | $23,476,805 | $8,385,528 |
Galashiels Fund Ltd Northbrook, IL | $154,593,436 | $48,314,988 |