Able Foundation Inc
- Assets
- $249.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Thatcher, AZ
- Founding
- 03/1996
- EIN
- 86-0786420
Organization Overview
Able Foundation Inc is located in Thatcher, AZ. The organization was established in 1996. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Able 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 undefined, Able Foundation Inc generated $10.7k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $63.5k during the year ending undefined. While expenses have increased by 2.2% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROVIDES SCHOLARSHIPS FOR HIGH SCHOOL GRADUATES TO GO TO COLLEGE IN ARIZONA AND COLORADO.
THE ORGANIZATION PROVIDES SCHOLARSHIPS FOR HIGH SCHOOL GRADUATES TO GO TO COLLEGE IN ARIZONA AND COLORADO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn A Smith Executive Director | 35 | $17,800 | |
Richard A Smith Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $10,086 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $600 |
| Total Revenue | $10,686 |
| Statement of Expenses | |
|---|---|
| Total expenses | $63,518 |
| Balance Sheet | |
|---|---|
| Total assets | $248,960 |
| Total liabilities | $1,878 |
| Net assets or fund balances | $247,082 |
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