Abb Foundation Inc
- Assets
- $0.0
- Revenue
- $483.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilton, CT
- Founding
- Data as of
- 12/2015
- EIN
- 20-1972930
Organization Overview
Abb Foundation Inc is located in Wilton, CT. Abb 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP IMPROVE THE QUALITY OF LIFE IN THE COMMUNITIES IN WHICH ABB EMPLOYEES LIVE AND WORK BY FUNDING LOCAL PROGRAMS THAT PROMOTE EDUCTION, CULTURE, ARTS, HEALTH AND WELFARE. ABB IS ALSO COMMITTED TO PROVIDING DISASTER RELIEF IN THESE COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MAKE GRANTS TO U.S. ORGANIZATIONS EXEMPT FROM TAX 501(C)(3)INCLUDING ORGANIZATIONS PARTICULARY INTERESTED IN PROVIDING EMERGENCY RELIEF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Currey President | OfficerTrustee | 1 | $0 |
Greg Scheu Director | Trustee | 1 | $0 |
Ron Tucker Director | Trustee | 1 | $0 |
Jan Allde Director | Trustee | 1 | $0 |
Charlene Binder Director | Trustee | 1 | $0 |
Daniel Hagmann Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $450,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,922 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $483,922 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $483,922 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $212,492 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $433 |
| Total functional expenses | $212,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Awarded
Over the last fiscal year, Abb Foundation Inc has awarded $187,675 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
FRANKLINTON PREP ACADEMY PURPOSE: GRANT TO SUPPORT FRANKLINTON PREP ACADEMY STUDENTS. | $20,000 |
CJ FOUNDATION FOR SIDS PURPOSE: REQUEST FOR MATCHING FUNDS FOR PEACOCK STRIDES FOR BABIES. | $12,523 |
MIDWEST ATHLETES AGAINST CHILDHOOD CANCER PURPOSE: GRANT TO SUPPORT MIDWEST ATHLETES AGAINST CHILDHOOD CANCER. | $12,000 |
AMER CANCER SOCIETY - BLAND RELAY FOR LIFE PURPOSE: GRANT FOR BLAND RELAY FOR LIFE. | $10,000 |
HALIFAX COUNTY CANCER ASSOCIATION PURPOSE: GRANT TO SUPPORT THE HALIFAX COUNTY CANCER ASSOCIATION. | $10,862 |
HOSPICE OF THE UPSTATE INC PURPOSE: GRANT TO SUPPORT HOSPICE OF THE UPSTATE INC. | $10,000 |