The Abell Foundation Inc
- Assets
- $318.1m
- Revenue
- $31.9m
- Investments
- $270.4m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 03/1955
- Data as of
- 12/2022
- EIN
- 52-6036106
Organization Overview
The Abell Foundation Inc is located in Baltimore, MD. The organization was established in 1955. 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. 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, Abell Foundation Inc generated $31.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $19.0m during the year ending 12/2022. While expenses have increased by 0.3% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Abell Foundation Inc has awarded 1,426 individual grants totaling $57,748,730. 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:
OFFICE OF THE MAYOR:WARRANT SERVICE ANALYST- IN SUPPORT OF A WARRANT SERVICE ANALYST WHO WILL ASSIST WITH EVALUATING AND RECONFIGURING BALTIMORE CITY'S WARRANT SERVICE TO FOCUS ON VIOLENT AND REPEAT OFFENDERS.GENERAL PROGRAM SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George L Bunting Jr Chairman | 1 | $0 | |
Robert C Embry Jr President | 37.5 | $307,009 | |
Kevin Abell Trustee | 1 | $0 | |
Jacqueline Hrabowski Trustee | 1 | $0 | |
Mary Page Michel Trustee | 1 | $0 | |
Christie Wyskiel Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fish & Richardson Pc | 12/30/22 | $188,768 |
Hogan & Lovells Us Llp | 12/30/22 | $157,431 |
Rsm Us Llp | 12/30/22 | $79,766 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,980,631 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,595,595 |
| Capital Gain Net Income | $28,377,802 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$699,906 |
| Total Revenue | $31,876,320 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $460,432 |
| Other employee salaries and wages | $1,530,658 |
| Pension plans, employee benefits | $743,930 |
| Interest | $185 |
| Taxes | $579,595 |
| Depreciation | $29,362 |
| Occupancy | $213,544 |
| Travel, conferences, and meetings | $16,556 |
| Printing and publications | $139,187 |
| Other expenses | $1,734,644 |
| Total operating and administrative expenses | $5,689,708 |
| Contributions, gifts, grants paid | $13,342,752 |
| Total expenses and disbursements | $19,032,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $41,069,076 |
| Net Accounts receivable | $133,999 |
| 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 | $40,423,959 |
| Net Land, buildings, and equipment | $611,330 |
| Other assets | $5,885,105 |
| Total assets | $318,088,603 |
| Accounts payable and accrued expenses | $38,804,012 |
| Grants payable | $4,921,541 |
| 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 | $43,725,553 |
Grants Awarded
Over the last fiscal year, The Abell Foundation Inc has awarded $18,249,507 in support to 472 organizations.
| Grant Recipient | Amount |
|---|---|
21ST CENTURY CITIES INITIATIVE JOHNS HOPKINS UNIVERSITY PURPOSE: COMMUNITY DEVELOPMENT | $7,500 |
4MYCITY INC PURPOSE: COMMUNITY DEVELOPMENT | $15,000 |
4MYCITY INC PURPOSE: HEALTH AND HUMAN SERVICES | $50,000 |
ABILITY ALLIANCE PURPOSE: HEALTH AND HUMAN SERVICES | $10,000 |
ACTIVE SOCIAL COMMUNITIES INC DBA VOLO KIDS FOUNDATION PURPOSE: HEALTH AND HUMAN SERVICES | $25,000 |
ADOPT A BLOCK INC PURPOSE: COMMUNITY DEVELOPMENT | $10,000 |