The ABE Charitable Foundation Inc
- Assets
- $100.3k
- Revenue
- $6.7k
- Investments
- $72.2k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 04/2005
- Data as of
- 12/2018
- EIN
- 20-1650254
Organization Overview
The ABE Charitable Foundation Inc is located in Wilmington, DE. The organization was established in 2005. 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.
For the year ending 12/2018, ABE Charitable Foundation Inc generated $6.7k 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 (42.0%) each year. All expenses for the organization totaled $38.3k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (37.6%) per year over the past 4 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 |
|---|---|---|---|
Amanda Serra VP | 1 | $0 | |
Benjamin Serra VP | 1 | $0 | |
Deanna L Serra Pres / Dir / Sec | 1 | $0 | |
Eliza Mae Serra VP | 1 | $0 | |
Michael Worden Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $91 |
| Dividends & Interest | $1,772 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,813 |
| Capital Gain Net Income | $4,813 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,676 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,078 |
| Total operating and administrative expenses | $6,750 |
| Contributions, gifts, grants paid | $31,500 |
| Total expenses and disbursements | $38,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,068 |
| 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 | $100,286 |
| 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, The ABE Charitable Foundation Inc has awarded $31,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AFP FOUNDATION FOR PHILANTHROPY PURPOSE: GENERAL & UNRESTRICTED | $1,500 |
GREATER AUSTIN PERFORMING ARTS CENTER PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
MOBILE LOAVES & FISHES INC PURPOSE: GENERAL & UNRESTRICTED | $25,000 |