Abltc Foundation Inc
- Assets
- $22.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Warwick, RI
- Founding
- 08/2014
- Data as of
- 06/2022
- EIN
- 46-3639751
Organization Overview
Abltc Foundation Inc is located in Warwick, RI. The organization was established in 2014. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Abltc Foundation 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 06/2022, Abltc Foundation Inc generated $47.6k 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 (3.7%) each year. All expenses for the organization totaled $44.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rita Martin President | 0.5 | $0 | |
Mary Ellen Benedict Treasurer | 0.5 | $0 | |
Pamela Bibeault Secretary | 0.5 | $0 | |
Catia Lestage Director | 0.5 | $0 | |
Marcie Maffeo Director | 0.5 | $0 | |
Andrew S Rosenzweig MD Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $5,022 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $42,552 |
| Other Revenue | $0 |
| Total Revenue | $47,574 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $44 |
| Occupancy, rent, utilities, and maintenance | $1,656 |
| Printing, publications, postage, and shipping | $381 |
| Other expenses | $1,828 |
| Total expenses | $44,909 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,477 |
| Other assets | $0 |
| Total assets | $22,007 |
| Total liabilities | $5,959 |
| Net assets or fund balances | $16,048 |