Santiago Abut Foundation Inc
- Assets
- $860.4k
- Revenue
- $71.3k
- Investments
- $759.6k
- Employees
- 0
- Location
- Summit, NJ
- Founding
- 02/2011
- Data as of
- 12/2023
- EIN
- 27-3774088
Organization Overview
Santiago Abut Foundation Inc is located in Summit, NJ. The organization was established in 2011. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Santiago Abut 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, Santiago Abut Foundation Inc generated $71.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $46.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Santiago Abut Foundation Inc has awarded 63 individual grants totaling $278,732. 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 |
|---|---|---|---|
Daniel Abut Trustee | 2 | $0 | |
Sonia Abut Trustee | 2 | $0 | |
Maria Abut Trustee | 2 | $0 | |
Caroline Abut Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,836 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,416 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $71,252 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $239 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $61 |
| Total operating and administrative expenses | $1,295 |
| Contributions, gifts, grants paid | $45,485 |
| Total expenses and disbursements | $46,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,792 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $860,357 |
| 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, Santiago Abut Foundation Inc has awarded $45,485 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
MIT PURPOSE: DONATION | $125 |
ST TERESA OF AVILA CHURCH PURPOSE: DONATION | $20 |
HEARTS OF HOPE PURPOSE: DONATION | $15,000 |
ARTS BY THE PEOPLE PURPOSE: DONATION | $24,000 |
THE GREGG F CLYNE MEMORIAL FOUNDTION PURPOSE: DONATION | $490 |
CANDORFUL PURPOSE: DONATION | $500 |