Abide Foundation Inc
- Assets
- $5.7m
- Revenue
- $317.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Towson, MD
- Founding
- 04/2019
- Data as of
- 12/2021
- EIN
- 83-1345078
Organization Overview
Abide Foundation Inc is located in Towson, MD. The organization was established in 2019. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Abide 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, Abide Foundation Inc generated $317.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (46.8%) each year. All expenses for the organization totaled $331.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Abide Foundation Inc has awarded 29 individual grants totaling $327,865. 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
N/A
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles C Edwards II MD President/director | 1 | $0 | |
James Edwards Secretary | 1 | $0 | |
Ann B Edwards Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,000 |
| Interest on Savings | $13 |
| Dividends & Interest | $5,928 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $61,539 |
| Capital Gain Net Income | $61,539 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $317,480 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $3,335 |
| Contributions, gifts, grants paid | $327,865 |
| Total expenses and disbursements | $331,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,444 |
| Savings and temporary cash investments | $1,813,060 |
| 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 | $221,375 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,549,725 |
| Total assets | $5,690,604 |
| 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, Abide Foundation Inc has awarded $327,865 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: SPECIAL GIFTS/FOUNDATION | $136,500 |
Baltimore, MD PURPOSE: CAMBRIDGE FOUNDATION FUND | $74,240 |
Timonium, MD PURPOSE: MAKE & MULTIPLY FUND | $17,550 |
TROOP 35 PURPOSE: TO HELP FUND TROOP ACTIVITIES | $14,000 |
KINGDOM RAIN PURPOSE: OPERATIONAL SUPPORT | $8,000 |
WORLD VISION PURPOSE: CHILD SPONSORSHIP & VERY LAST ONE FUND | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Naval Institute Foundation Incorporated Annapolis, MD | $16,478,320 | $8,459,950 |
Baltimore City Foundation Inc Baltimore, MD | $20,625,141 | $25,532,138 |
The Harry Halloran Jr Charitable Trust Philadelphia, PA | $26,412,399 | $8,412,088 |
The Richman Family Foundation Inc Baltimore, MD | $21,774,672 | $824,650 |
Venture Philanthropy Partners Inc Washington, DC | $4,166,381 | $6,325,429 |
Rodel Charitable Foundation De Wilmington, DE | $15,413,230 | $5,493,740 |
Dbs Foundation Holdings Harrisburg, PA | $361,345 | $2,360,629 |
Commonwealth Foundation V Richmond, VA | $38,532,929 | $6,620,642 |
Commonwealth Foundation Iv Richmond, VA | $38,533,029 | $6,621,693 |
Helena Devereux Foundation Villanova, PA | $208,303,000 | $15,868,103 |
R E B Foundation Richmond, VA | $74,287,615 | $7,129,947 |
Ncf Supporting Organization Wilmington, DE | $1,802,740 | $4,444,698 |