Richard & Terez Abatecola Foundation Inc
- Assets
- $2.6m
- Revenue
- $167.9k
- Investments
- $2.6m
- Employees
- 0
- Location
- Hudson, NY
- Founding
- 06/2008
- Data as of
- 12/2022
- EIN
- 90-0283747
Organization Overview
Richard & Terez Abatecola Foundation Inc is located in Hudson, NY. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Richard & Terez Abatecola 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 12/2022, Richard & Terez Abatecola Foundation Inc generated $167.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $248.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Richard & Terez Abatecola Foundation Inc has awarded 111 individual grants totaling $899,700. 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 |
|---|---|---|---|
Christie M Bacchioni President | 1 | $0 | |
Richard D Abatecola Vice President | 1 | $0 | |
Terez M Abatecola Treasurer | 1 | $0 | |
Matthew Bacchioni Director | 1 | $23,040 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,709 |
| Dividends & Interest | $46,973 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $109,195 |
| Capital Gain Net Income | $109,195 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $167,877 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $23,040 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,741 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36,885 |
| Total operating and administrative expenses | $73,716 |
| Contributions, gifts, grants paid | $175,000 |
| Total expenses and disbursements | $248,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $49,848 |
| 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 | $2,644,575 |
| 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, Richard & Terez Abatecola Foundation Inc has awarded $175,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBIA GREENE SOCIETY PURPOSE: UNRESTRICTED | $5,000 |
ST JUDE CHILDREN'S RESEARCH HOSPITAL PURPOSE: UNRESTRICTED | $5,000 |
COLUMBIA COUNTY RECOVERY KITCHEN PURPOSE: UNRESTRICTED | $5,000 |
COLUMBIA MEMORIAL HOSPITAL PURPOSE: UNRESTRICTED | $10,000 |
HOLY TRINITY CHURCH FBO SAINT MARY'S PURPOSE: UNRESTRICTED | $5,000 |
ST PATRICKS SCHOOL PURPOSE: UNRESTRICTED | $15,000 |