Abbey Foundation For The Arts
- Assets
- $2.0m
- Revenue
- $94.9k
- Investments
- $2.0m
- Employees
- 0
- Location
- Atherton, CA
- Founding
- 01/1996
- Data as of
- 01/2024
- EIN
- 77-0394931
Organization Overview
Abbey Foundation For The Arts is located in Atherton, CA. The organization was established in 1996. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abbey Foundation For The Arts 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 01/2024, Abbey Foundation For The Arts generated $94.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $75.7k during the year ending 01/2024. While expenses have increased by 12.9% per year over the past 9 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ESTABLISHMENT AND OPERATION OF AN ARTISTS IN RESIDENCE PROGRAM IN THE ANDERSON VALLEY LOCATED IN MENDOCINO COUNTY, CALIFORNIA. CURRENTLY A LARGER SPACE IS BEING BUILT TO ACCOMMODATE MORE ARTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dona Abbey President | 5 | $0 | |
Luis Oleson Director | 1 | $0 | |
Max Wright Director | 1 | $0 | |
Sidney Felix Vice President | 1 | $0 | |
Dennis Conci Treas/secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $133 |
| Dividends & Interest | $28,238 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $66,525 |
| Capital Gain Net Income | $66,525 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $94,896 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,083 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $63,991 |
| Total operating and administrative expenses | $75,684 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $75,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $37,475 |
| 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 | $1,957,898 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,995,373 |
| 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 |