Abet Foundation Inc
- Assets
- $243.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 10/2010
- Data as of
- 12/2021
- EIN
- 26-3542581
Organization Overview
Abet Foundation Inc is located in Baltimore, MD. The organization was established in 2010. According to its NTEE Classification (U11) the organization is classified as: Single Organization Support, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abet 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 12/2021, Abet Foundation Inc generated $39.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (24.4%) each year. All expenses for the organization totaled $66.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ABET FOUNDATION CONDUCTS IMPROVEMENT WORKSHOPS AND CONSULTING SERVICES TO CONSTITUENTS GLOBALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Milligan Non Voting Director | 1 | $0 | |
Sarah Rajala Director | 1 | $0 | |
Brett Anderson Director | 1 | $0 | |
Hamid Fonooni Director | 1 | $0 | |
David Kelly President | 1 | $0 | |
Mary Kasarda Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $39,050 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $39,050 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $38,012 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $28,264 |
| Total expenses | $66,276 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $208,783 |
| Other assets | $0 |
| Total assets | $243,734 |
| Total liabilities | $63,150 |
| Net assets or fund balances | $180,584 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Abet Foundation Inc has recieved totaling $6,500.
| Awarding Organization | Amount |
|---|---|
Eqt Foundation Pittsburgh, PA PURPOSE: EDUCATION | $6,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iop Publishing Incorporated Philadelphia, PA | $1,720,227 | $5,024,861 |
University Of Virginia Engineering Foundation Inc Charlottesville, VA | $68,625,953 | $4,333,906 |
Foundation For Meat And Poultry Research And Education Washington, DC | $2,858,739 | $3,121,077 |
Silverlining Inc Washington, DC | $2,068,443 | $2,757,589 |
American Association For Anatomy Rockville, MD | $14,782,902 | $3,441,263 |
Aip Foundation College Park, MD | $932,385 | $1,213,393 |
National Institute Of Aerospace Foundation Hampton, VA | $28,778 | $82,817 |
Cpi Foundation Inc Pleasant Gap, PA | $1,115,624 | $83,346 |
Abet Foundation Inc Baltimore, MD | $243,734 | $0 |