Abbhi Family Foundation
- Assets
- $9.9m
- Revenue
- $397.1k
- Investments
- $9.6m
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- Data as of
- 12/2021
- EIN
- 84-3757532
Organization Overview
Abbhi Family Foundation is located in Coral Gables, FL. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Abbhi 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, Abbhi Family Foundation generated $397.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (65.9%) each year.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $61,537 |
| Dividends & Interest | $140,111 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $195,416 |
| Capital Gain Net Income | $195,416 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $397,064 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,919 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29,121 |
| Total operating and administrative expenses | $48,392 |
| Contributions, gifts, grants paid | $180,000 |
| Total expenses and disbursements | $228,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,314 |
| Savings and temporary cash investments | $371,675 |
| 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 | $241,386 |
| Investments—other | $4,709,307 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,943,343 |
| 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, Abbhi Family Foundation has awarded $180,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Stratford, CT PURPOSE: RELIGIOUS AND CULTURAL EVENTS | $170,000 |
Miami, FL PURPOSE: TO INSPIRE AND ENABLE YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED US MOST, TO REACH THEIR FULL POTENTIAL AS PRODUCTIVE, CARING AND RESPONSIBLE CITIZENS. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
E&ss Foundation Inc Atlanta, GA | $118,157,057 | $264,264,546 |
Copperhead Charities Inc Palm Harbor, FL | $5,855,870 | $16,276,032 |
Hfsf Grants Management Inc Miami, FL | $164,842,326 | $9,370,110 |
Healthcare Georgia Foundation Inc Atlanta, GA | $145,422,542 | $18,331,596 |
The David Herro Charitable Foundation Palm Beach, FL | $0 | $2,921,972 |
Rally Foundation Inc Atlanta, GA | $9,445,133 | $7,328,050 |
David A Straz Jr Foundation Tampa, FL | $131,621,183 | $77,599,258 |
Stoops Family Foundation Inc Delray Beach, FL | $20,465,985 | $11,384,519 |
Project Akilah Inc Tampa, FL | $3,270,009 | $3,129,345 |
Dadefund Inc Miami, FL | $3,023 | $29,705 |
Key Center Foundation Inc Lecanto, FL | $2,199,130 | $3,104,172 |
Ezra International Melbourne, FL | $2,162,759 | $2,300,769 |