Abe & Annie Seibel Foundation
- Assets
- $34.9m
- Revenue
- $9.9m
- Investments
- $32.2m
- Employees
- 0
- Location
- Galveston, TX
- Founding
- 11/1961
- Data as of
- 07/2023
- EIN
- 74-6035556
Organization Overview
Abe & Annie Seibel Foundation is located in Galveston, TX. The organization was established in 1961. 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. Abe & Annie Seibel 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 07/2023, Abe & Annie Seibel Foundation generated $9.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $6.5m during the year ending 07/2023. While expenses have increased by 1.4% per year over the past 8 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 2015, Abe & Annie Seibel Foundation has awarded 22 individual grants totaling $45,827,974. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT LOANS TO TEXAS RESIDENTS
GRANT TO ANGELO STATE UNIVERSITY
GRANT TO TEXAS A&M GALVESTON
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 |
|---|---|---|---|
Peter B Kessler Director | 0 | $2,500 | |
Marc Andrew Weiss Director | 0 | $2,500 | |
Name Not Listed Trustee | 0 | $789,246 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $788,250 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,545,785 |
| Capital Gain Net Income | $5,545,785 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,569,298 |
| Total Revenue | $9,903,333 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $794,246 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,163 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,055 |
| Total operating and administrative expenses | $823,464 |
| Contributions, gifts, grants paid | $5,725,785 |
| Total expenses and disbursements | $6,549,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,715,961 |
| 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 | $19,117 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $560 |
| Other assets | $22 |
| Total assets | $34,903,495 |
| 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, Abe & Annie Seibel Foundation has awarded $5,725,785 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
STUDENTS - SCH ATTACHED PURPOSE: EDUCATIONAL | $3,325,785 |
TEXAS AM PURPOSE: EDUCATIONAL | $2,400,000 |