Abide Foundation Inc
- Assets
- $5.8m
- Revenue
- $606.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Towson, MD
- Founding
- 04/2019
- Data as of
- 12/2022
- EIN
- 83-1345078
Organization Overview
Abide Foundation Inc is located in Towson, MD. The organization was established in 2019. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Abide 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, Abide Foundation Inc generated $606.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (31.3%) each year. All expenses for the organization totaled $458.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Abide Foundation Inc has awarded 56 individual grants totaling $782,340. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles C Edwards II MD President/director | 1 | $0 | |
Ann B Edwards Treasurer | 1 | $0 | |
James Edwards Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $600,000 |
| Interest on Savings | $49 |
| Dividends & Interest | $6,347 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $606,396 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $220 |
| Total operating and administrative expenses | $3,520 |
| Contributions, gifts, grants paid | $454,475 |
| Total expenses and disbursements | $457,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,534 |
| Savings and temporary cash investments | $2,009,236 |
| 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 | $216,710 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,551,525 |
| Total assets | $5,839,005 |
| 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, Abide Foundation Inc has awarded $454,475 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
CHURCH OF THE RESURECTION PURPOSE: GENERAL FUND | $20,000 |
CRU-CHARLIE KLEPADLO PURPOSE: SUPPORT CHARLIE KLEPADLO | $5,000 |
CURIM OUTREACH PURPOSE: SUPPORT OPERATING FUND | $3,000 |
CURE PURPOSE: GOBAL CHILDREN'S FUND | $4,000 |
DAN BRINTNALL PURPOSE: HARDTIMES GIFT | $3,000 |
FOCUS PURPOSE: BALTIMORE FUND | $7,000 |