Abigail Foundation
- Assets
- $15.5k
- Revenue
- $7.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 08/2019
- Data as of
- 12/2023
- EIN
- 83-4690086
Organization Overview
Abigail Foundation is located in Colorado Springs, CO. The organization was established in 2019. According to its NTEE Classification (H30) the organization is classified as: Cancer Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abigail 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, Abigail Foundation generated $7.0k 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 (41.8%) each year. All expenses for the organization totaled $113.5k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
1. THE ABIGAIL FOUNDATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OR IRC SEC. 501(C)(3) AND THE SPECIFIC OBJECTS AND PURPOSES OF THE CORPORATION AND THE NATURE OF THE BUSINESS TO BE CARRIED ON BY IT ARE AS FOLLOWS;(A) SUPPORT FOR THE RESEARCH AND DEVELOPMENT OF NOVEL CANCER TREATMENTS, DRUGS AND THERAPIES.(B) TO RECEIVE, MAINTAIN, AND ADMINISTER A FUND OF REAL AND PERSONAL PROPERTY, DERIVED FROM ALL SOURCES WHATSOEVER, AND SUBJECT TO THE TERMS OF ANY SPECIFIC GIFT, GRANT, BEQUEST, OR DEVISE AND TO THE RESTRICTIONS SET FORTH BELOW, TO USE, APPLY, AND DISTRIBUTE THE INCOME FROM AND THE PRINCIPAL OF SUCH A FUND EXCLUSIVELY FOR THE PRECEDING CHARITABLE AND EDUCATIONAL PURPOSES;[C] TO FURTHER ANY OTHER CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF IRC SEC. 501(C)(3); AND,[D] TO DO AND TO ENGAGE IN ALL LAWFUL ACTIVITIES THAT FURTHER OR ARE CONSISTENT WITH THE PRECEDING OBJECTS AND PURPOSES OF THE CORPORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH 2022, ABIGAIL HAVE RAISED OVER $250,000 FOR OUR MISSION, MUCH OF WHICH WILL GO DIRECTLY TO OUR RESEARCH UNIVERSITY PARTNER, ANSCHUTZ CANCER CENTER IN DENVER COLORADO. THIS MONEY HAS BEEN AND WILL BE USED TO STUDY THE BEHAVIOR OF OUR DRUG WITH COLON AND LUNG CANCER CELLS. WITH THESE RESULTS, WE HOPE TO ENTER MICE TRIALS IN 2023.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $7,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,060 |
| Total operating and administrative expenses | $28,060 |
| Contributions, gifts, grants paid | $85,400 |
| Total expenses and disbursements | $113,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,537 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,537 |
| 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 |