Richard W Abel And Jeannine E Abel Charitable Tr
- Assets
- $2.8m
- Revenue
- $65.3k
- Investments
- $2.7m
- Employees
- 0
- Location
- Hermitage, PA
- Founding
- Data as of
- 12/2023
- EIN
- 87-6505745
Organization Overview
Richard W Abel And Jeannine E Abel Charitable Tr is located in Hermitage, PA. 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. Richard W Abel And Jeannine E Abel Charitable 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, Richard W Abel And Jeannine E Abel Charitable Tr generated $65.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (58.8%) each year.
Since 2022, Richard W Abel And Jeannine E Abel Charitable Tr has awarded 12 individual grants totaling $130,089. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $69,936 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,678 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $65,258 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $16,602 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $822 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $39,118 |
| Contributions, gifts, grants paid | $84,264 |
| Total expenses and disbursements | $123,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,752 |
| 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 | $2,765,902 |
| 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, Richard W Abel And Jeannine E Abel Charitable Tr has awarded $84,264 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CHATHAM UNIVERSITY PURPOSE: GENERAL CHARITABLE PURPOSE | $10,097 |
VENANGO COUNTY HISTORICAL SOCIETY PURPOSE: GENERAL CHARITABLE PURPOSE | $17,543 |
FRANKLIN SILVER CORNET BAND INC PURPOSE: GENERAL CHARITABLE PURPOSE | $10,097 |
FRANKLIN CIVIC OPERETTA ASSOCIATION PURPOSE: GENERAL CHARITABLE PURPOSE | $10,097 |
OIL REGION MUSIC PRESERVATION MUSEUM PURPOSE: GENERAL CHARITABLE PURPOSES | $10,097 |
MISSOURI UNIVERSITY OF SCIENCE PURPOSE: GENERAL CHARITABLE PURPOSE | $6,139 |