Abele Family Foundation
- Assets
- $34.3m
- Revenue
- $437.6k
- Investments
- $33.9m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 06/2013
- Data as of
- 09/2023
- EIN
- 45-3795823
Organization Overview
Abele Family Foundation is located in Philadelphia, PA. The organization was established in 2013. 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. Abele 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 09/2023, Abele Family Foundation generated $437.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (53.0%) each year. All expenses for the organization totaled $2.2m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Abele Family Foundation has awarded 111 individual grants totaling $9,981,705. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wilbert D Abele Founding Dir | 40 | $0 | |
Joan Abele Director | 0.8 | $0 | |
Karen E Scheu Director | 0.8 | $0 | |
Nina B Stryker Director | 0.8 | $0 | |
Edward Abele Director | 0.8 | $0 | |
Theodore Piotrowicz Director | 0.8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $276,435 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,104,068 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,035,622 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $92,763 |
| Total Revenue | $437,644 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,342 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $175,575 |
| Total operating and administrative expenses | $333,671 |
| Contributions, gifts, grants paid | $1,900,550 |
| Total expenses and disbursements | $2,234,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $449,605 |
| 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 | $30,800,119 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $34,333,787 |
| 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, Abele Family Foundation has awarded $1,900,550 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
CHEWONKI FOUNDATION PURPOSE: OPERATING FUNDS/SCHOLARSHIP | $20,000 |
FREDS FOOTSTEPS PURPOSE: OPERATING FUNDS/SCHOLARSHIP | $10,000 |
FREEDOMS FOUNDATION AT VALLEY FORGE PURPOSE: OPERATING FUNDS | $1,000 |
LUCY OUTREACH PURPOSE: OPERATING FUNDS | $7,500 |
PYC MUSIC INSTITUTE PURPOSE: OPERATING FUNDS/SCHOLARSHIP | $2,500 |
UNION LEAGUE LEGACY FOUNDATION PURPOSE: SCHOLARSHIP | $271,000 |