Abbas Storehouse Foundation
- Assets
- $0.0
- Revenue
- $38.2m
- Investments
- $39.4m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 09/2013
- Data as of
- 12/2021
- EIN
- 45-4901147
Organization Overview
Abbas Storehouse Foundation is located in Wilmington, DE. The organization was established in 2013. 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. Abbas Storehouse Foundation 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, Abbas Storehouse Foundation generated $38.2m in total revenue. All expenses for the organization totaled $654.3k during the year ending 12/2021.
Since 2015, Abbas Storehouse Foundation has awarded 153 individual grants totaling $6,582,796. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL OF PRAYER - FIRST OF THREE IN AN ANNUAL TRAINING SERIES FOR TUCSON'S RELIGIOUS COMMUNITY TO HELP DEVELOP SKILLS & EQUIP PARTICIPANTS WITH TOOLS FOR PERSONAL GROWTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connie Luebke Dir, VP | 2 | $0 | |
Kailee C Luebke Dir | 1 | $0 | |
Makenna G Luebke Sec, Dir | 1 | $0 | |
Richard L Luebke Dir, Pres | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $36,201,365 |
| Interest on Savings | $5 |
| Dividends & Interest | $54,495 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,807,438 |
| Total Revenue | $38,192,785 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $56,357 |
| Contributions, gifts, grants paid | $597,930 |
| Total expenses and disbursements | $654,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $37,315,145 |
| Other assets | $750,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Abbas Storehouse Foundation has awarded $3,525,227 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
CHIARI & SYRINGOMYELIA FOUNDATION PURPOSE: CHARITABLE EVENT | $4,500 |
C MCCLAIN PURPOSE: HARDSHIP ASSISTANCE GRANT | $6,500 |
CYSTIC FIBROSIS FOUNDATION PURPOSE: CHARITABLE EVENT | $20,000 |
DESERT CHRISTIAN SCHOOLS INC PURPOSE: GENERAL & UNRESTRICTED | $2,826,227 |
DESERT CHRISTIAN SCHOOLS INC PURPOSE: PROGRAM RECRUITMENT AND DELIVERY OF SERVICES FOR THE INTERNATIONAL STUDENT PROGRAM | $25,000 |
HANDS OFFERING HOPE FOUNDATION INC PURPOSE: GENERAL & UNRESTRICTED | $40,000 |