Heather Abbott Foundation
- Assets
- $785.1k
- Revenue
- $362.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Newport, RI
- Founding
- 04/2015
- Data as of
- 06/2024
- EIN
- 47-2475200
Organization Overview
Heather Abbott Foundation is located in Newport, RI. The organization was established in 2015. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Heather Abbott 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 06/2024, Heather Abbott Foundation generated $362.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $440.8k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE CUSTOMIZED PROSTHESES TO THOSE WHO HAVE SUFFERED LIMB LOSS THROUGH TRAUMATIC CIRCUMSTANCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO INDIVIDUALS - BECAUSE SO FEW SPECIALIZED PROSTHETIC DEVICES ARE COVERED BY HEALTH INSURANCE, THE HEATHER ABBOTT FOUNDATION PROVIDES GRANTS TO INDIVIDUALS WHO HAVE SUFFERED LIMB LOSS THROUGH TRAUMA. EIGHTY-EIGHT (88) INDIVIDUALS WERE AWARDED WITH SPECIALIZED PROSTHETIC DEVICES IN THE FISCAL YEAR. GRANT APPLICANTS COMPLY WITH A FORMAL GRANT APPLICATION PROCESS AS DESCRIBED ON THE FOUNDATION'S WEBSITE.
RAISE AWARENESS - THE FOUNDATION AIMS TO RAISE AWARENESS OF THE GENERAL PUBLIC AS TO THE ONGOING STRUGGLES OF THOSE WHO HAVE SUFFERED TRAUMATIC LIMB LOSS THROUGH REGULAR FUNDRAISING EVENTS AND PARTICIPATION IN MARATHONS AND OTHER ATHLETIC/RUNNING EVENTS. THE FOUNDATION ALSO COMMISSIONED AND RELEASED PROFESSIONALLY PRODUCED AWARENESS VIDEOS DOCUMENTING FOUR (4) OF OUR PROSTHESIS BENEFICIARIES IN THIS FISCAL YEAR. THE VIDEOS WERE HIGHLIGHTED AT A FUNDRAISER AS WELL AS BEING UPLOADED TO HAF'S YOUTUBE CHANNEL AND SOCIAL MEDIA PLATFORMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather J Abbott Director/ceo/pres | OfficerTrustee | 10 | $0 |
Cynthia Lima Director/chairman | Trustee | 2 | $0 |
James Banks Director/secretariat | OfficerTrustee | 2 | $0 |
Malina Jacobowitz Director/vice Pres | OfficerTrustee | 2 | $0 |
Kevin Horst Board Director | Trustee | 5 | $0 |
Laurie Rice Board Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $157,538 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $225,599 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $383,137 |
| Total Program Service Revenue | $0 |
| Investment income | $17,184 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $317 |
| Net Income from Fundraising Events | -$37,717 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $362,921 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $385,953 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $24,685 |
| Fees for services: Legal | $1,369 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,096 |
| Fees for services: Other | $7,407 |
| Advertising and promotion | $1,378 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $747 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $855 |
| All other expenses | $1,186 |
| Total functional expenses | $440,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,723 |
| Savings and temporary cash investments | $213,209 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $359,152 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $785,084 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $785,084 |
| Total liabilities and net assets/fund balances | $785,084 |
Grants Awarded
Over the last fiscal year, Heather Abbott Foundation has awarded $3,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
I GOT LEGS PURPOSE: OPERATING FUNDS | $250 |
FALMOUTH ROAD RACE INC PURPOSE: OPERATING FUNDS | $2,500 |
A LEG FOREVER CHARITABLE FOUNDATION PURPOSE: OPERATING FUNDS | $200 |
PEACE INSTITUTE PURPOSE: OPERATING FUNDS | $50 |