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Aabr Foundation INC FY2023 filing

Tax-deductible

College Point, NY501(c)(3)Since 1963EIN 11-2218979

501(c)(3) charity; gifts are tax-deductible.
48¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $274K a year · 56% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
48%
of spending
Concern: 48% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
118 mo
of spending, in cash
Looks good: 118.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $19K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$507K
+15% vs prior year
Spent
$221K
To programs
48%
Net assets
$11.0M
By yearFY2020–FY2024
Revenue
$507K
FY2023▲ +15%
Revenue by fiscal year
FY2020$626K
FY2021$436K
FY2022$442K
FY2023$507K
FY2024$429K
FY2024$204K
Expenses
$221K
FY2023▲ +36%
Expenses by fiscal year
FY2020$374K
FY2021$147K
FY2022$163K
FY2023$221K
FY2024$165K
FY2024$138K
Net assets
$11.0M
FY2023▲ +5%
Net assets by fiscal year
FY2020$9.3M
FY2021$10.7M
FY2022$10.4M
FY2023$11.0M
FY2024$11.7M
FY2024$12.2M

From the FY2023 Form 990 (year ending June 2023) · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1967.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

48 cents of each dollar spent went to programs.

Program services 48% · $106K Management & general 42% · $93K Fundraising 10% · $22K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Andy Occhino
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Christopher Weldon JR
Board Member (left 11/22)
$0Pt VII · Sec A
Randy Rock
Board Member
$0Pt VII · Sec A
Alfonso Holloman
Board Member
$0Pt VII · Sec A
Amy Johnson
Board Member
$0Pt VII · Sec A
Dr Evan Stein
Board Member (left 12/22)
$0Pt VII · Sec A
See Aabr Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Raises funds for specialized education and community support for those with nervous system damage.

Provided by the organization

This section is blank until Aabr Foundation INC claims this page.

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1 program service account for $106K of program spending, described in the organization's own filed words · FY2022.
01

Grants to public charities that support education and provide community support.

$106Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Network for Good INCFY2023$18K
Amazonsmile FoundationFY2023$538
Bank of America Charitable Foundation INCFY2023$150
Arthur J Gallagher FoundationFY2023$100
Mutual of America FoundationFY2023$50
Total grants receivedfrom 5 funders$19K
See all 5 funders →
Grants paid · 4 grants · $323K · 2019–2022
Aabr INCNY · FY2022$105,973
Aabr INCNY · FY2021$8,095
Aabr INCNY · FY2020$12,500
Aabr INCNY · FY2019$196,150

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$507K
Ln 12
Gifts and grantsLn 1h$413K
Investment incomeLn 3$168K
Money outPt IX
$221K
Ln 25
Programscol B$106K
Managementcol C$93K
Fundraisingcol D$22K
Owns and owesPt X
$11.0M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$11.0M
LiabilitiesLn 26$0
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$413K
Fundraising eventsLn 1c$181K
Investment incomeLn 3$168K
Gains on assetsLn 7$15K
Total revenueLn 12$507K
Assets in detailPt X, end of year
CashLn 1$1.2M
SavingsLn 2$1.0M
Cash and savings togetherLn 1–2$2.2M
InvestmentsLn 11–13$4.1M
Other assetsLn 15$4.7M
Total assetsLn 16$11.0M
LiabilitiesLn 26$0
Net assetsLn 32$11.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$2.1M$2.2M
InvestmentsLn 11–13$3.5M$4.1M
Total assetsLn 16$10.4M$11.0M
LiabilitiesLn 26$1K$0
Net assetsLn 32$10.4M$11.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$106K$106K
Management feesLn 11a$64K$64K
Investment management feesLn 11f$24K$24K
Office expensesLn 13$17K$17K
Other expenses (24a–d)Ln 24$10K$5K$4K
Total functional expensesLn 25$221K$106K$93K$22K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $429K$165K$265K$11.7M 990 PDF
FY2023 Viewing $507K$221K$286K$11.0M 990 PDF
FY2022 $442K$163K$279K$10.4M 990 PDF
FY2021 $436K$147K$289K$10.7M 990 PDF
FY2020 $626K$374K$251K$9.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $506,749 across 7 lines filed
VIII-1c Fundraising events$181,180
VIII-1f All other contributions, gifts and grants$232,254
VIII-1h Total contributions, gifts and grants$413,434
VIII-3 Investment incomeExcluded from tax $153,177$153,177
VIII-7 Net gain or loss on sales of assetsExcluded from tax $14,987$14,987
VIII-8 Net income from fundraising eventsExcluded from tax −$74,849−$74,849
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $93,315$506,749
Part IX · Statement of functional expenses $220,615 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $105,973$105,973
IX-11a Management feesManagement $63,788$63,788
IX-11f Investment management feesManagement $24,104$24,104
IX-13 Office expensesFundraising $17,094$17,094
IX-24 Other expenses (24a–d)Management $5,183 · Fundraising $4,473$9,656
IX-25 Total functional expensesPrograms $105,973 · Management $93,075 · Fundraising $21,567$220,615
Part X · Balance sheet $10,963,454 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,010,890$1,158,340
X-2 Savings and temporary cash investmentsStart of year $1,072,355$1,010,183
X-4 Accounts receivableStart of year $8,250$0
X-9 Prepaid expenses and deferred chargesStart of year $2,351$862
X-11 Publicly traded securitiesStart of year $3,538,911$4,059,104
X-15 Other assetsStart of year $4,811,556$4,734,965
X-16 Total assetsStart of year $10,444,313$10,963,454
X-17 Accounts payable and accrued expensesStart of year $1,489$0
X-26 Total liabilitiesStart of year $1,489$0
X-27 Net assets without donor restrictionsStart of year $10,308,698$10,820,800
X-28 Net assets with donor restrictionsStart of year $134,126$142,654
X-32 Total net assets or fund balancesStart of year $10,442,824$10,963,454
X-33 Total liabilities and net assetsStart of year $10,444,313$10,963,454
Part XI · Reconciliation of net assets $10,963,454 net assets at year end
XI-1 Total revenue$506,749
XI-2 Total expenses$220,615
XI-3 Revenue less expenses$286,134
XI-4 Net assets at start of year$10,442,824
XI-5 Net unrealized gains (losses) on investments$234,496
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,963,454

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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