Ada L & Albert M Wibel Foundation
- Assets
- $6.1m
- Revenue
- $177.1k
- Investments
- $5.9m
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 11/2006
- Data as of
- 12/2023
- EIN
- 20-6966139
Organization Overview
Ada L & Albert M Wibel Foundation is located in Orlando, FL. The organization was established in 2006. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ada L & Albert M Wibel Foundation 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, Ada L & Albert M Wibel Foundation generated $177.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (12.3%) each year. All expenses for the organization totaled $338.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ada L & Albert M Wibel Foundation has awarded 218 individual grants totaling $2,764,600. 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 |
|---|---|---|---|
Truist Bank Co-Trustee | 12 | $36,812 | |
Karen N Conrad Co-Trustee | 12 | $18,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $161,712 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,435 |
| Capital Gain Net Income | $15,435 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $177,147 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $54,812 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,776 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1 |
| Total operating and administrative expenses | $67,089 |
| Contributions, gifts, grants paid | $271,000 |
| Total expenses and disbursements | $338,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,511 |
| Savings and temporary cash investments | $188,559 |
| 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 | $4,343,776 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,075,154 |
| 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, Ada L & Albert M Wibel Foundation has awarded $271,000 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS ASSOCIATION NATIONAL CAPITAL PURPOSE: GENERAL OPERATING | $11,000 |
ARTS FOR THE AGING PURPOSE: GENERAL OPERATING | $11,000 |
BRITEPATHS INC PURPOSE: GENERAL OPERATING | $11,000 |
CAPITAL AREA FOOD BANK INC PURPOSE: GENERAL OPERATING | $11,000 |
CAPITOL HILL VILLAGE PURPOSE: GENERAL OPERATING | $7,000 |
COVENANT HOUSE WASHINGTON PURPOSE: GENERAL OPERATING | $11,000 |