Abbhi Family Foundation
- Assets
- $8.8m
- Revenue
- $913.6k
- Investments
- $5.2m
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- Data as of
- 12/2022
- 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 12/2022, Abbhi Family Foundation generated $913.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (45.0%) each year.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $161,478 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $752,166 |
| Capital Gain Net Income | $752,166 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $913,644 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,638 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,019 |
| Total operating and administrative expenses | $38,678 |
| Contributions, gifts, grants paid | $2,051,473 |
| Total expenses and disbursements | $2,090,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $380 |
| Savings and temporary cash investments | $3,527,405 |
| 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 | $290,945 |
| Investments—other | $1,159,313 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,771,211 |
| 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 $2,051,473 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BAPTIST HEALTH OF SOUTH FLORIDA INC PURPOSE: TO SUPPORT MEDICAL ASSISTANCE. | $2,000,000 |
CARLTON FIELDS CHARITABLE FOUNDATION INC PURPOSE: GENERAL SUPPORT FOR THE COMMUNITY | $1,473 |
GLOBAL CANCER CARE FOUNDATION INC PURPOSE: SUPPORT MEDICAL ASSISTANCE. | $50,000 |