Abltc Foundation Inc
- Assets
- $14.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Warwick, RI
- Founding
- 08/2014
- Data as of
- 06/2021
- 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 06/2021, Abltc Foundation Inc generated $22.1k 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 (15.8%) each year. All expenses for the organization totaled $19.5k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (19.1%) per year over the past 6 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 |
|---|---|---|---|
Kathleen Shatraw Director (resigned 1/21) | 0.5 | $0 | |
Leon Samuelian Director | 0.5 | $0 | |
Marcie Maffeo Director | 0.5 | $0 | |
M Paula Morris Vice President (resigned 1/21) | 0.5 | $0 | |
John Gage President (through 1/21) | 0.5 | $0 | |
Pamela Bibeault Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $170 |
| Total Program Service Revenue | $0 |
| Membership dues | $6,102 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $15,817 |
| Other Revenue | $0 |
| Total Revenue | $22,089 |
| 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 | $1,200 |
| Occupancy, rent, utilities, and maintenance | $1,076 |
| Printing, publications, postage, and shipping | $656 |
| Other expenses | $1,547 |
| Total expenses | $19,479 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,049 |
| Other assets | $0 |
| Total assets | $14,344 |
| Total liabilities | $961 |
| Net assets or fund balances | $13,383 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Abltc Foundation Inc has recieved totaling $900.
| Awarding Organization | Amount |
|---|---|
Harborone Foundation Of Rhode Island Brockton, MA PURPOSE: COMMUNITY DEVELOPMENT | $900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dentaquest Care Group Inc Boston, MA | $2,518,678 | $0 |
Knights Of Columbus Charities Usa Inc New Haven, CT | $92,663,013 | $7,484,954 |
Cfleads Accord, MA | $11,022,103 | $9,422,261 |
The American University Of Greece Foundation Boston, MA | $302,640,728 | $21,990,512 |
Kipp Lynn Fund Inc Lynn, MA | $79,635,466 | $3,076,776 |
Mghpcc Holyoke Inc Holyoke, MA | $56,507,335 | $145,504 |
Mussafer Fam Foundation Boston, MA | $59,912,129 | $40,514,877 |
Downcity Partnership Inc Providence, RI | $5,049,682 | $274,748 |
Pioneer Valley Chinese Immersion Charter School Educational Foundat Hadley, MA | $11,207,489 | $729,019 |
Friends Of The Levitt Pavilion Inc Westport, CT | $1,013,121 | $914,784 |
Utec Hub Inc Lowell, MA | $5,570,123 | $398,705 |
Ocean State Charities Trust Johnston, RI | $5,244,206 | $495,993 |