Grabel Foundation
- Assets
- $182.3k
- Revenue
- $29.1k
- Investments
- $137.9k
- Employees
- 0
- Location
- Palm Beach Gardens, FL
- Founding
- 03/1979
- Data as of
- 12/2022
- EIN
- 52-1165613
Organization Overview
Grabel Foundation is located in Palm Beach Gardens, FL. The organization was established in 1979. 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. Grabel 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 12/2022, Grabel Foundation generated $29.1k 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 (9.0%) each year. All expenses for the organization totaled $24.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Grabel Foundation has awarded 75 individual grants totaling $227,463. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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 |
|---|---|---|---|
Seymour Grabel Trustee | 0 | $0 | |
Jordan C Grabel MD Trustee | 0 | $0 | |
Zachary Grabel Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,552 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,570 |
| Capital Gain Net Income | $9,570 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,122 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $510 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,048 |
| Contributions, gifts, grants paid | $18,130 |
| Total expenses and disbursements | $24,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,976 |
| Savings and temporary cash investments | $36,434 |
| 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 | $182,344 |
| 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, Grabel Foundation has awarded $18,130 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BROWN UNIVERSITY PURPOSE: GRABEL FOUNDATION MEDICAL SCHOLARSHIP | $7,500 |
PALM BEACH POLICE & FIRE FOUNDATION PURPOSE: GENERAL SUPPORT | $1,000 |
CONGREGATION EMMANUEL PURPOSE: GENERAL SUPPORT | $5,050 |
TEMPLE JUDEA PURPOSE: GENERAL SUPPORT | $1,080 |
HANDS TOGETHER FOR HAITIANS PURPOSE: GENERAL SUPPORT | $1,000 |
THE PALM BEACH CIVIC ASSOCIATION PURPOSE: GENERAL SUPPORT | $2,500 |