William S Abell Foundation Inc
- Assets
- $68.7m
- Revenue
- $2.9m
- Investments
- $66.2m
- Employees
- 0
- Location
- Chevy Chase, MD
- Founding
- 06/1986
- Data as of
- 12/2022
- EIN
- 52-1435573
Organization Overview
William S Abell Foundation Inc is located in Chevy Chase, MD. The organization was established in 1986. 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. William S Abell 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 12/2022, William S Abell Foundation Inc generated $2.9m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $4.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, William S Abell Foundation Inc has awarded 442 individual grants totaling $13,348,482. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Castle Trustee & President | 5 | $0 | |
Eleanor Nurmi Trustee & Vice Pres. | 8 | $0 | |
Mike Nolan Trustee & Treasurer | 1 | $0 | |
Kelley Abell Trustee & Chair | 1 | $0 | |
Aryn Castle Trustee | 1 | $0 | |
Cindy Work Abell Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Intentional Philanthrophy Llc | 12/30/22 | $75,057 |
Flex Professionals | 12/30/22 | $67,190 |
Rsm Us Llp | 12/30/22 | $67,976 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $622,365 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,301,981 |
| Capital Gain Net Income | $2,301,981 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,116 |
| Total Revenue | $2,936,462 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $216,460 |
| Other employee salaries and wages | $142,382 |
| Pension plans, employee benefits | $22,211 |
| Interest | $0 |
| Taxes | $200,603 |
| Depreciation | $906 |
| Occupancy | $89,082 |
| Travel, conferences, and meetings | $11,754 |
| Printing and publications | $0 |
| Other expenses | $175,895 |
| Total operating and administrative expenses | $1,083,001 |
| Contributions, gifts, grants paid | $3,300,475 |
| Total expenses and disbursements | $4,383,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1,508,222 |
| Savings and temporary cash investments | $3,435,671 |
| 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 | $31,139,371 |
| Net Land, buildings, and equipment | $2,741 |
| Other assets | $509,562 |
| Total assets | $68,673,025 |
| Accounts payable and accrued expenses | $87,596 |
| 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 | $87,596 |
Grants Awarded
Over the last fiscal year, William S Abell Foundation Inc has awarded $3,300,475 in support to 107 organizations.
| Grant Recipient | Amount |
|---|---|
A WIDER CIRCLE INC PURPOSE: HOMELESS GRANT | $25,000 |
ARC OF PRINCE GEORGE'S COUNTY INC PURPOSE: INTELLECTUAL DISABILTIIES GRANT | $25,000 |
ART ENABLES PURPOSE: INTELLECTUAL DISABILTIIES GRANT | $25,000 |
ARTSTREAM INC PURPOSE: INTELLECTUAL DISABILTIIES GRANT | $25,000 |
AMERICAN MUSLIM SENIOR SOCIETY PURPOSE: HUNGRY GRANT | $25,000 |
BARKER FOUNDATION INC PURPOSE: NEEDY PREGNANT WOMEN GRANT | $25,000 |