Ada L & Albert M Wibel Foundation
- Assets
- $6.1m
- Revenue
- $477.7k
- Investments
- $5.7m
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 11/2006
- Data as of
- 12/2021
- 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 12/2021, Ada L & Albert M Wibel Foundation generated $477.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $414.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 7 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 167 individual grants totaling $2,170,600. 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 C0-Trustee | 12 | $76,126 | |
Karen N Conrad C0-Trustee | 12 | $9,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $126,801 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $350,232 |
| Capital Gain Net Income | $350,232 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $664 |
| Total Revenue | $477,697 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $85,126 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,248 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $124 |
| Total operating and administrative expenses | $100,498 |
| Contributions, gifts, grants paid | $313,600 |
| Total expenses and disbursements | $414,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $401,566 |
| 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 | $1,262,730 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,095,645 |
| 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 $313,600 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
PRINCE GEORGE'S RESOURCE CENTER PURPOSE: GENERAL OPERATING | $14,000 |
Great Falls, VA PURPOSE: GENERAL OPERATING | $14,000 |
Rockville, MD PURPOSE: GENERAL OPERATING | $14,000 |
Prince Frederick, MD PURPOSE: GENERAL OPERATING | $14,000 |
Fairfax, VA PURPOSE: GENERAL OPERATING | $14,000 |
Arlington, VA PURPOSE: GENERAL OPERATING | $14,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Burger King Mclamore Foundation Inc Miami, FL | $34,345,730 | $7,130,405 |
Foundation For A Greater Opportunity Sunny Isles Beach, FL | $149,453,585 | $25,729,322 |
Foundation For Foster Children Inc Winter Park, FL | $2,698,652 | $3,146,058 |
Ldg & Lpr Charitable Foundation Jupiter, FL | $11,202,189 | $2,184,628 |
Special Operation Care Fund Inc Atlanta, GA | $332,687 | $2,251,151 |
Boca West Community Charitable Foundation Inc Boca Raton, FL | $673,816 | $1,556,875 |
Jeep Beach Inc Ormond Beach, FL | $246,764 | $1,454,805 |
The Arc Tampa Bay Foundation Inc Clearwater, FL | $19,764,393 | $4,465,884 |
Glenridge Charitable Foundation Inc Jacksonville, FL | $125,452 | $997,663 |
Children Of Restaurant Employees Woodstock, GA | $1,825,017 | $1,448,112 |
Jackson Emc Foundation Inc Jefferson, GA | $239,768 | $1,230,630 |
The@karl G Estes Foundation Jacksonville, FL | $3,330,988 | $3,813,042 |