Assad Abood Foundatiion Trust 12233549
- Assets
- $683.0k
- Revenue
- $50.3k
- Investments
- $673.0k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 11/1951
- Data as of
- 12/2023
- EIN
- 13-6210977
Organization Overview
Assad Abood Foundatiion Trust 12233549 is located in Chicago, IL. The organization was established in 1951. According to its NTEE Classification (T90) the organization is classified as: Named Trusts 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. Assad Abood Foundatiion Trust 12233549 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, Assad Abood Foundatiion Trust 12233549 generated $50.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $55.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (24.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 2 | $15,021 | |
Assad Abood Foundation Attn Keith Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,745 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,449 |
| Capital Gain Net Income | $26,449 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $115 |
| Total Revenue | $50,309 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,021 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $645 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $15,766 |
| Contributions, gifts, grants paid | $40,039 |
| Total expenses and disbursements | $55,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,624 |
| Savings and temporary cash investments | $1,317 |
| 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 | $44,574 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $682,984 |
| 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 |