Abernathy Family Foundation
- Assets
- $1.9m
- Revenue
- $52.7k
- Investments
- $1.8m
- Employees
- 0
- Location
- Richmond, TX
- Founding
- 02/2000
- Data as of
- 12/2023
- EIN
- 72-1440348
Organization Overview
Abernathy Family Foundation is located in Richmond, TX. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Abernathy Family 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, Abernathy Family Foundation generated $52.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 69.3% each year . All expenses for the organization totaled $106.7k during the year ending 12/2023. While expenses have increased by 79.2% per year over the past 6 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monique D Abernathy Director | 0 | $0 | |
Lynda Topp Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,515 |
| Interest on Savings | $0 |
| Dividends & Interest | $41,365 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,221 |
| Capital Gain Net Income | $5,222 |
| Net ST Capital Gain | $1,440 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,586 |
| Total Revenue | $52,687 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,778 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $37,103 |
| Contributions, gifts, grants paid | $69,643 |
| Total expenses and disbursements | $106,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $58,436 |
| 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 | $784,670 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,905,809 |
| 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, Abernathy Family Foundation has awarded $69,643 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST METHODIST CHURCH PURPOSE: UNRESTRICTED | $10,000 |
WHEELCHAIRS FOR WARRIORS PURPOSE: UNRESTRICTED | $12,801 |
UNIVERSITY OF HOUSTON ADVANCEMENT PURPOSE: UNRESTRICTED | $15,000 |
FAMILY SERVICE CENTER PURPOSE: UNRESTRICTED | $2,068 |
GIGI'S PLAYHOUSE SUGAR LAND PURPOSE: UNRESTRICTED | $1,052 |
GIVE US PAWS PURPOSE: UNRESTRICTED | $5,125 |