Abra Prentice Foundation Inc
- Assets
- $46.4m
- Revenue
- $5.4m
- Investments
- $43.4m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 02/1981
- Data as of
- 12/2022
- EIN
- 36-3092281
Organization Overview
Abra Prentice Foundation Inc is located in Chicago, IL. The organization was established in 1981. 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. Abra Prentice 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 12/2022, Abra Prentice Foundation Inc generated $5.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $3.5m during the year ending 12/2022. While expenses have increased by 8.1% per year over the past 4 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 2019, Abra Prentice Foundation Inc has awarded 184 individual grants totaling $12,092,500. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abra Prentice Wilkin President & Director | 1 | $0 | |
Louis S Harrison Secretary, VP & Director | 0.25 | $0 | |
James Wilkin Treasurer & Director | 0.5 | $0 | |
Abra A Williams Director | 0.5 | $0 | |
Anthony R Anderson Director | 0.5 | $0 | |
Loretta W Cooney Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,099,930 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,069,936 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,209,981 |
| Capital Gain Net Income | $2,209,981 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,176 |
| Total Revenue | $5,386,023 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $35,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $90,836 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,081 |
| Total operating and administrative expenses | $659,199 |
| Contributions, gifts, grants paid | $2,825,000 |
| Total expenses and disbursements | $3,484,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,998,984 |
| 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 | $4,214,461 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $46,429,082 |
| 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 | $55,179 |
| Total liabilities | $55,179 |
Grants Awarded
Over the last fiscal year, Abra Prentice Foundation Inc has awarded $3,867,500 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN WRITERS MUSEUM PURPOSE: EARMARKED FOR LEAD SPONSORSHIP FOR ITS WRITE IN PROGRAM | $50,000 |
CALM CLASSROOM PURPOSE: EARMARKED FOR MINDFULNESS-BASED SOCIAL PROGRAMS IN CHICAGO PUBLIC SCHOOLS. | $25,000 |
CENTER FOR ENRICHED LIVING PURPOSE: EARMARKED FOR CAREER ACADEMY FOR THE DEVELOPMENTALLY DISABLED | $20,000 |
CHICAGO BOTANIC GARDEN PURPOSE: EARMARKED FOR WINDY CITY HARVEST PROGRAM FOR URBAN GARDENS | $65,000 |
CHICAGO JESUIT ACADEMY PURPOSE: EARMARKED FOR 2 FULL SCHOLARSHIPS FOR TWO INCOMING 5TH GRADERS (CLASS OF 2026) | $60,000 |
COMPASS TO CARE PURPOSE: EARMARKED FOR ACCESS LIFE PROGRAM, TRAVEL SERVICES FOR CHILDREN TO ACCESS CANCER TREATMENT. | $100,000 |