Harold Abel And Irs T Abel Family Foundation
- Assets
- $1.8m
- Revenue
- $418.6k
- Investments
- $1.8m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 83-6332726
Organization Overview
Harold Abel And Irs T Abel Family Foundation is located in Philadelphia, PA. 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. Harold Abel And Irs T Abel Family 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 12/2021, Harold Abel And Irs T Abel Family Foundation generated $418.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 55.5% each year . All expenses for the organization totaled $78.6k during the year ending 12/2021. While expenses have increased by 3.1% per year over the past 3 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 2019, Harold Abel And Irs T Abel Family Foundation has awarded 19 individual grants totaling $253,405. 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 |
|---|---|---|---|
Matthew R Abel Trustee | 1 | $0 | |
Lawrence W Abel Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $37,394 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $381,235 |
| Capital Gain Net Income | $381,235 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $418,636 |
| 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 | $0 |
| Total operating and administrative expenses | $2,700 |
| Contributions, gifts, grants paid | $75,856 |
| Total expenses and disbursements | $78,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,015 |
| 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 | $1,767,099 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,805,114 |
| 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, Harold Abel And Irs T Abel Family Foundation has awarded $75,856 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS ORGANIZATIONS PURPOSE: CHARITABLE GIFT | $30,482 |
Philadelphia, PA PURPOSE: CHARITABLE GIFT | $20,000 |
ADATH ISRAEL PURPOSE: CHARITABLE GIFT | $6,374 |
FUND FOR EQUAL JUSTICE PURPOSE: CHARITABLE GIFT | $5,400 |
CEASEFIREPA EDUCATION PURPOSE: CHARITABLE GIFT | $5,000 |
HOLOCAUST MEMORIAL CENTER PURPOSE: CHARITABLE GIFT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
David And Inez Myers Foundation Cleveland, OH | $231,370,323 | $1,575,245 |
Block 3 Community Urban Redevelopment Corporation Cincinnati, OH | $43,753,173 | $7,948,144 |
The Jimmy And Berta Khezrie Charitable Foundation Long Branch, NJ | $561,838 | $13,044 |
Garnet Health Urgent Care P C Middletown, NY | $2,667,409 | $6,635,976 |
The Harry Halloran Jr Charitable Trust Philadelphia, PA | $26,412,399 | $8,412,088 |
Serv Properties And Management Inc Ewing, NJ | $27,477,154 | $8,087,563 |
Sally And John Morley Family Fund Cleveland, OH | $0 | $0 |
Dayton Foundation Plus Inc Dayton, OH | $83,505,101 | $9,971,050 |
American Friends Of Sfath Emeth Yeshiva Brooklyn, NY | $187,158 | $4,689,874 |
Jcgf Charitable Tr Cincinnati, OH | $1,841,285 | $5,857,978 |
The Richman Family Foundation Inc Baltimore, MD | $21,774,672 | $824,650 |
Rodel Charitable Foundation De Wilmington, DE | $15,413,230 | $5,493,740 |