Herman Abbott Family Foundation Inc
- Assets
- $381.3k
- Revenue
- $17.3k
- Investments
- $368.6k
- Employees
- 0
- Location
- Branford, CT
- Founding
- 08/1997
- Data as of
- 12/2023
- EIN
- 13-3920551
Organization Overview
Herman Abbott Family Foundation Inc is located in Branford, CT. The organization was established in 1997. According to its NTEE Classification (T31) the organization is classified as: Community 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. Herman Abbott Family 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 12/2023, Herman Abbott Family Foundation Inc generated $17.3k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $37.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Herman Abbott Family Foundation Inc has awarded 28 individual grants totaling $142,500. 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 |
|---|---|---|---|
Nancy Abbott President | 0 | $0 | |
Ellen Taub Secretary | 0 | $0 | |
David Bailey Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,999 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,333 |
| Capital Gain Net Income | $7,333 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,332 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $284 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,472 |
| Total operating and administrative expenses | $14,585 |
| Contributions, gifts, grants paid | $23,000 |
| Total expenses and disbursements | $37,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,108 |
| 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 | $368,609 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $540 |
| Total assets | $381,257 |
| 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, Herman Abbott Family Foundation Inc has awarded $22,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST SERVE MIAMI PURPOSE: TO CONTINUE ONGOING SERVICES & PROGRAMS | $10,000 |
OUTER CAPE HEALTH SERVICES PURPOSE: TO CONTINUE ONGOING SERVICES & PROGRAMS | $1,000 |
MIAMI CITY BALLET PURPOSE: TO CONTINUE ONGOING SERVICES & PROGRAMS | $7,500 |
ST JUDE CHILDREN'S RESEARCH HOSPITAL PURPOSE: TO CONTINUE ONGOING PROGRAMS & SERVICES | $3,500 |