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Aabr Foundation INC FY2024 filing

Tax-deductible

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

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501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

Before you give

FY2024 · 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
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
170 mo
of spending, in cash
Looks good: 170.5 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
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$429K
-15% vs prior year
Spent
$165K
To programs
0%
Net assets
$11.7M
By yearFY2020–FY2024
Revenue
$429K
FY2024▼ -15%
Revenue by fiscal year
FY2020$626K
FY2021$436K
FY2022$442K
FY2023$507K
FY2024$429K
FY2024$204K
Expenses
$165K
FY2024▼ -25%
Expenses by fiscal year
FY2020$374K
FY2021$147K
FY2022$163K
FY2023$221K
FY2024$165K
FY2024$138K
Net assets
$11.7M
FY2024▲ +7%
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 FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 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

What each dollar paid for.

Management & general 76% · $125K Fundraising 24% · $39K

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

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Andy Occhino
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Alfonso Holloman
Board Member
$0Pt VII · Sec A
Amy Johnson
Board Member
$0Pt VII · Sec A
Christine Scott
Board Member (joined 10/2023)
$0Pt VII · Sec A
Lars Parkin
Board Member (joined 09/2023)
$0Pt VII · Sec A
Nigel Cudjoe
Board Member (joined 09/2023)
$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, described in the organization's own filed words · FY2023.
01

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

Pt IX · col B

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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 FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$429K
Ln 12
Gifts and grantsLn 1h$329K
Investment incomeLn 3$212K
Money outPt IX
$165K
Ln 25
Managementcol C$125K
Fundraisingcol D$39K
Owns and owesPt X
$11.7M
net assets · Ln 32
Cash and savingsLn 1–2$2.3M
Total assetsLn 16$11.7M
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$329K
Fundraising eventsLn 1c$188K
Investment incomeLn 3$212K
Gains on assetsLn 7$16K
Total revenueLn 12$429K
Assets in detailPt X, end of year
CashLn 1$982K
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$2.3M
InvestmentsLn 11–13$4.4M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$5.0M
Total assetsLn 16$11.7M
LiabilitiesLn 26$0
Net assetsLn 32$11.7M
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 FY24End FY24
Cash and savingsLn 1–2$2.2M$2.3M
InvestmentsLn 11–13$4.1M$4.4M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$11.0M$11.7M
LiabilitiesLn 26$0$0
Net assetsLn 32$11.0M$11.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$70K$70K
Investment management feesLn 11f$27K$27K
Other fees for servicesLn 11g$0$0$0$0
Office expensesLn 13$33K$33K
Other expenses (24a–d)Ln 24$35K$29K$6K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$165K$0$125K$39K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $429K$165K$265K$11.7M 990 PDF
FY2023 $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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $429,088 across 7 lines filed
VIII-1c Fundraising events$188,200
VIII-1f All other contributions, gifts and grants$141,198
VIII-1h Total contributions, gifts and grants$329,398
VIII-3 Investment incomeExcluded from tax $196,488$196,488
VIII-7 Net gain or loss on sales of assetsExcluded from tax $15,707$15,707
VIII-8 Net income from fundraising eventsExcluded from tax −$112,505−$112,505
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $99,690$429,088
Part IX · Statement of functional expenses $164,546 across 6 lines filed
IX-11a Management feesManagement $69,797$69,797
IX-11f Investment management feesManagement $26,728$26,728
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesFundraising $32,870$32,870
IX-24 Other expenses (24a–d)Management $28,781 · Fundraising $6,370$35,151
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $0 · Management $125,306 · Fundraising $39,240$164,546
Part X · Balance sheet $11,748,413 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $1,158,340$981,686
X-2 Savings and temporary cash investmentsStart of year $1,010,183$1,356,085
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $862$862
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $4,059,104$4,391,063
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $4,734,965$5,018,717
X-16 Total assetsStart of year $10,963,454$11,748,413
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $10,820,800$11,589,753
X-28 Net assets with donor restrictionsStart of year $142,654$158,660
X-32 Total net assets or fund balancesStart of year $10,963,454$11,748,413
X-33 Total liabilities and net assetsStart of year $10,963,454$11,748,413
Part XI · Reconciliation of net assets $11,748,413 net assets at year end
XI-1 Total revenue$429,088
XI-2 Total expenses$164,546
XI-3 Revenue less expenses$264,542
XI-4 Net assets at start of year$10,963,454
XI-5 Net unrealized gains (losses) on investments$520,417
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$11,748,413

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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