Howard & Katherine Aibel Foundation Inc
- Assets
- $3.3m
- Revenue
- $237.1k
- Investments
- $3.3m
- Employees
- 0
- Location
- Concord, MA
- Founding
- 12/1969
- Data as of
- 12/2023
- EIN
- 23-7046798
Organization Overview
Howard & Katherine Aibel Foundation Inc is located in Concord, MA. The organization was established in 1969. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Howard & Katherine Aibel 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.
For the year ending 12/2023, Howard & Katherine Aibel Foundation Inc generated $237.1k 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 (31.8%) each year. All expenses for the organization totaled $376.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Howard & Katherine Aibel Foundation Inc has awarded 542 individual grants totaling $1,611,368. 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 |
|---|---|---|---|
David W Aibel Director | 0.08 | $0 | |
Daniel W Aibel Director | 0.08 | $0 | |
Jonathan Aibel Director | 0.08 | $0 | |
Estate Of Howard J Aibel Manager | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $82,157 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $154,944 |
| Capital Gain Net Income | $154,944 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $237,101 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $116 |
| Total operating and administrative expenses | $31,054 |
| Contributions, gifts, grants paid | $345,500 |
| Total expenses and disbursements | $376,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,923 |
| Savings and temporary cash investments | $32,504 |
| 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 | $304,230 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,327,708 |
| 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, Howard & Katherine Aibel Foundation Inc has awarded $345,500 in support to 81 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS DISEASE FUND PURPOSE: TO FURTHER THE DONEES' EXEMPT PURPOSE. | $1,000 |
A BETTER CHANCE OF WESTPORT PURPOSE: TO FURTHER THE DONEES' EXEMPT PURPOSE. | $1,000 |
ALLIANCE OF RESIDENT THEATRESNY PURPOSE: TO FURTHER THE DONEES' EXEMPT PURPOSE. | $25,000 |
ACTORS SHAKESPEARE PROJECT PURPOSE: TO FURTHER THE DONEES' EXEMPT PURPOSE. | $2,500 |
ABA FUND FOR JUSTICE AND EDUCATION PURPOSE: TO FURTHER THE DONEES' EXEMPT PURPOSE. | $500 |
AMERICAN BAR FOUNDATION PURPOSE: TO FURTHER THE DONEES' EXEMPT PURPOSE. | $3,000 |