Talbert And Leota Abrams Foundation
- Assets
- $8.1m
- Revenue
- $471.3k
- Investments
- $7.9m
- Employees
- 0
- Location
- Troy, MI
- Founding
- 09/1962
- Data as of
- 12/2023
- EIN
- 38-6082194
Organization Overview
Talbert And Leota Abrams Foundation is located in Troy, MI. The organization was established in 1962. 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. Talbert And Leota Abrams 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 12/2023, Talbert And Leota Abrams Foundation generated $471.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $514.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Talbert And Leota Abrams Foundation has awarded 145 individual grants totaling $2,780,167. 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 |
|---|---|---|---|
Kyle C Abbott President | 15 | $95,000 | |
Shane Patzer Vice President/secretary/t | 4 | $25,000 | |
Marcy Patzer Member | 2 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $265,936 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $205,350 |
| Capital Gain Net Income | $205,350 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $471,286 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $130,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $9,991 |
| Interest | $0 |
| Taxes | $8,534 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,707 |
| Printing and publications | $0 |
| Other expenses | $323 |
| Total operating and administrative expenses | $225,960 |
| Contributions, gifts, grants paid | $288,000 |
| Total expenses and disbursements | $513,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,245 |
| Savings and temporary cash investments | $169,618 |
| 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 | $7,892,007 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,081,870 |
| 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, Talbert And Leota Abrams Foundation has awarded $288,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
EISENHOWER DANCE CENTER PURPOSE: EDUCATION | $30,000 |
GILDA'S CLUB METRO DETROIT PURPOSE: GENERAL FUND AND KIDS CONNECT PROGRAM | $20,000 |
FOUNDATION FOR HOPE OUTDOOR ADVENTURE PURPOSE: GENERAL FUND | $17,000 |
FRIENDS OF FOSTER KIDS PURPOSE: GENERAL FUND | $10,000 |
KIDS KICKING CANCER PURPOSE: GENERAL FUND | $15,000 |
LEADER DOGS FOR THE BLIND PURPOSE: HELP EMPOWER PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED WITH SKILLS FOR SAFE AND INDEPENDENT DAILY TRAVEL | $5,000 |