Donald L Abbott Perpetual Charitable Tr
- Assets
- $2.6m
- Revenue
- $300.3k
- Investments
- $24.5k
- Employees
- 0
- Location
- Terre Haute, IN
- Founding
- 11/2016
- Data as of
- 12/2022
- EIN
- 72-6226250
Organization Overview
Donald L Abbott Perpetual Charitable Tr is located in Terre Haute, IN. The organization was established in 2016. 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. Donald L Abbott Perpetual Charitable Tr 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, Donald L Abbott Perpetual Charitable Tr generated $300.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 27.2% each year . All expenses for the organization totaled $172.7k during the year ending 12/2022. While expenses have increased by 8.0% per year over the past 5 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 2018, Donald L Abbott Perpetual Charitable Tr has awarded 81 individual grants totaling $486,600. 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 |
|---|---|---|---|
Shanon Mcmasters Trustee | 2 | $0 | |
Jon Kilgore - Pths Board Member | 2 | $0 | |
Lisa Meyer - Pths Board Member | 2 | $0 | |
Brian Quam - Ep-Ghs Board Member | 2 | $0 | |
Brian Kurz Board Member | 2 | $0 | |
First Financial Bank Na Trustee | 2 | $4,799 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,644 |
| Dividends & Interest | $737 |
| Net Rental Income | $39,470 |
| Net Gain on Sale of Assets | $241,952 |
| Capital Gain Net Income | $241,952 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $300,255 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,799 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,736 |
| Depreciation | $5,365 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,102 |
| Total operating and administrative expenses | $22,627 |
| Contributions, gifts, grants paid | $150,100 |
| Total expenses and disbursements | $172,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $747 |
| Savings and temporary cash investments | $363,272 |
| 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 | $2,215,426 |
| Investments—mortgage loans | $0 |
| Investments—other | $24,542 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,603,987 |
| 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, Donald L Abbott Perpetual Charitable Tr has awarded $150,100 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
HEARTLAND COMMUNITY COLLEGE FBO BRY PURPOSE: EDUCATION | $7,000 |
HEARTLAND COMMUNITY COLLEGE FBO TRE PURPOSE: EDUCATION | $7,000 |
ILLINOIS STATE UNIVERSITY FBO ALLIS PURPOSE: EDUCATION | $11,100 |
ILLINOIS STATE UNIVERSITY FBO SYDNE PURPOSE: EDUCATION | $11,100 |
ILLINOIS WESLEYAN UNIVERSITY FBO SA PURPOSE: EDUCATION | $11,100 |
OLIVET NAZARENE UNIVERSITY FBO CONN PURPOSE: EDUCATION | $11,100 |