Susuan & Edgardo Abello Char Tr
- Assets
- $546.9k
- Revenue
- $43.3k
- Investments
- $491.1k
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 10/2012
- Data as of
- 12/2023
- EIN
- 30-6262718
Organization Overview
Susuan & Edgardo Abello Char Tr is located in Dallas, TX. The organization was established in 2012. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Susuan & Edgardo Abello Char Tr 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, Susuan & Edgardo Abello Char Tr generated $43.3k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $92.0k during the year ending 12/2023. While expenses have increased by 12.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Susuan & Edgardo Abello Char Tr has awarded 100 individual grants totaling $522,030. 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 |
|---|---|---|---|
Bank Of America Trustee | 1 | $4,528 | |
Helen D Blake Co-Fiduciary | 2 | $0 | |
Susan D Abello Committee Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,309 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,978 |
| Capital Gain Net Income | $22,978 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,287 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,528 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,143 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,471 |
| Contributions, gifts, grants paid | $82,500 |
| Total expenses and disbursements | $91,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $55,783 |
| 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 | $546,878 |
| 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, Susuan & Edgardo Abello Char Tr has awarded $82,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BAY PATH UNIVERSITY PURPOSE: UNRESTRICTED GENERAL | $2,500 |
SOMERSVILLE CONGREGATIONAL CHURCH PURPOSE: UNRESTRICTED GENERAL | $5,000 |
FAITH IN THE SPIRIT WITH NORTHFIELD PURPOSE: UNRESTRICTED GENERAL | $5,000 |
PRAGER UNIVERSITY FOUNDATION PURPOSE: UNRESTRICTED GENERAL | $3,000 |
BIG DOG RANCH RESCUE PURPOSE: UNRESTRICTED GENERAL | $2,500 |
PROJECT LIFT INC PURPOSE: UNRESTRICTED GENERAL | $2,500 |