Abel Foundation
- Assets
- $14.3m
- Revenue
- $4.6m
- Investments
- $13.3m
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- 04/1953
- Data as of
- 12/2023
- EIN
- 47-6041771
Organization Overview
Abel Foundation is located in Lincoln, NE. The organization was established in 1953. 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. Abel 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, Abel Foundation generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 36.3% each year . All expenses for the organization totaled $1.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Abel Foundation has awarded 245 individual grants totaling $4,344,475. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James P Abel President | 1 | $0 | |
Kayla Abel Director | 1 | $0 | |
John C Abel Director | 1 | $0 | |
Max Rodenburg Vp/sec | 10 | $100,000 | |
Philip C Abel Director | 1 | $0 | |
Mary Abel Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,239,511 |
| Interest on Savings | $2,858 |
| Dividends & Interest | $629,686 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $761,481 |
| Capital Gain Net Income | $761,481 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,633,536 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,881 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $400 |
| Total operating and administrative expenses | $115,281 |
| Contributions, gifts, grants paid | $1,765,698 |
| Total expenses and disbursements | $1,880,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $878,394 |
| Savings and temporary cash investments | $34,475 |
| 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 | $87,340 |
| Total assets | $14,288,728 |
| 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, Abel Foundation has awarded $1,765,698 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: PROGRAM SUPPORT | $5,000 |
ANGELS AMONG US PURPOSE: PROGRAM SUPPORT | $10,000 |
ARIZONA HUMANE SOCIETY PURPOSE: PROGRAM SUPPORT | $100 |
ASHLAND AREA FOUNDATION PURPOSE: PROGRAM SUPPORT | $25,000 |
ASIAN COMMUNITY & CULTURAL CENTER PURPOSE: PROGRAM SUPPORT | $30,000 |
BELMONT COMMUNITY CENTER PURPOSE: PROGRAM SUPPORT | $10,000 |