The Abbott Family Foundation
- Assets
- $908.2k
- Revenue
- $57.4k
- Investments
- $656.7k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 08/2013
- Data as of
- 12/2023
- EIN
- 46-1420176
Organization Overview
The Abbott Family Foundation is located in Wilmington, DE. The organization was established in 2013. 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. Abbott 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 12/2023, Abbott Family Foundation generated $57.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (23.6%) each year. All expenses for the organization totaled $62.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Abbott Family Foundation has awarded 33 individual grants totaling $245,441. 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 |
|---|---|---|---|
Cherree Abbott Dir, VP | 1 | $0 | |
Kevin Abbott Pres, Dir, Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,356 |
| Dividends & Interest | $27,039 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,901 |
| Capital Gain Net Income | $22,901 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $146 |
| Total Revenue | $57,442 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,083 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,177 |
| Total operating and administrative expenses | $14,223 |
| Contributions, gifts, grants paid | $47,912 |
| Total expenses and disbursements | $62,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $251,430 |
| 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 | $908,163 |
| 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, The Abbott Family Foundation has awarded $47,912 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FAMILY LIFE AG PURPOSE: GENERAL & UNRESTRICTED | $28,112 |
FILLING THE VOID INC PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
MOUNT VERNON CHRISTIAN SCHOOL PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
NORTH AMERICA INDIAN MISSION INC PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
THE GENERAL COUNCIL OF THE ASSEMBLIES OF GOD PURPOSE: GENERAL & UNRESTRICTED | $2,400 |
YOUTH DYNAMICS PURPOSE: GENERAL & UNRESTRICTED | $9,400 |