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Abbot INC FY2023 filing

Philadelphia, PAUnknown exempt organizationSince 1992EIN 23-2711311Revenue $389K in FY2023

On file with the IRSwillseye.org840 Walnut Street 15th Floor · Philadelphia, PA

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Title holding company for not for profit organization.

Mission: Form 990 Part I, line 1

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $245K a year · 72% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$46K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$389K
+8% vs prior year
Spent
$98K
Net assets
$4.0M
By yearFY2020–FY2025
Revenue
$389K
FY2023▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$346K
FY2021$347K
FY2022$361K
FY2023$389K
FY2024$417K
FY2025$191K
Expenses
$98K
FY2023▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$96K
FY2021$91K
FY2022$96K
FY2023$98K
FY2024$101K
FY2025$100K
Net assets
$4.0M
FY2023▼ -0.9%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.1M
FY2021$4.0M
FY2022$4.1M
FY2023$4.0M
FY2024$4.1M
FY2025$4.0M

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

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Joseph P Bilson
Chief Executive Officer
$0Pt VII · Sec A
Michael Allen
Trustee and Secretary
$0Pt VII · Sec A
Shelley Johnson
Trustee and Treasurer
$0Pt VII · Sec A
See Abbot 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

Holds titles for other not-for-profit organizations.

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Provided by the organization

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1 program · in their own filed words · FY2022
01

Held title to real property, collected rental income, and paid related expenses for a related exempt organization.

Pt IX · col B

Funders

Who pays for it.

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

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$389K
Ln 12
Fees for servicesLn 2g$389K
Money outPt IX
$98K
Ln 25
Owns and owesPt X
$4.0M
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16$4.1M
LiabilitiesLn 26$46K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$389K
Total revenueLn 12$389K
Assets in detailPt X, end of year
CashLn 1$5K
Cash and savings togetherLn 1–2$5K
Land, buildings, equipmentLn 10c$4.1M
Total assetsLn 16$4.1M
LiabilitiesLn 26$46K
Net assetsLn 32$4.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$10K$5K
Land, buildings, equipmentLn 10c$4.2M$4.1M
Total assetsLn 16$4.2M$4.1M
LiabilitiesLn 26$101K$46K
Net assetsLn 32$4.1M$4.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$3K
Other fees for servicesLn 11g$2K
InterestLn 20$4K
Depreciation, depletion and amortizationLn 22$88K
Other expenses (24a–d)Ln 24$2K
Total functional expensesLn 25$98K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $191K$100K$91K$4.0M 990 PDF
FY2024 $417K$101K$316K$4.1M 990 PDF
FY2023 Viewing $389K$98K$291K$4.0M 990 PDF
FY2022 $361K$96K$265K$4.1M 990 PDF
FY2021 $347K$91K$256K$4.0M 990 PDF
FY2020 $346K$96K$250K$4.1M 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 (6 parts)
Part I · Summary $389,305 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $361,453$389,305
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $361,453$389,305
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $96,427$98,121
I-18 Total expensesPrior year $96,427$98,121
I-19 Revenue less expensesPrior year $265,026$291,184
Part VI · Governance 0 of 1 board members independent, 2 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $389,305 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $389,305$389,305
VIII-12 Total revenueRelated to mission $389,305 · Unrelated business $0 · Excluded from tax $0$389,305
Part IX · Statement of functional expenses $98,121 across 5 lines filed
IX-11c Accounting fees$2,617
IX-11g Other fees for services$1,990
IX-20 Interest$4,046
IX-22 Depreciation, depletion and amortization$87,908
IX-24 Other expenses (24a–d)$1,560
IX-25 Total functional expenses$98,121
Part X · Balance sheet $4,081,281 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $9,658$5,108
X-10c Land, buildings and equipment, netStart of year $4,164,081$4,076,173
X-16 Total assetsStart of year $4,173,739$4,081,281
X-25 Other liabilitiesStart of year $644$0
X-26 Total liabilitiesStart of year $101,478$45,834
X-27 Net assets without donor restrictionsStart of year $4,072,261$4,035,447
X-32 Total net assets or fund balancesStart of year $4,072,261$4,035,447
X-33 Total liabilities and net assetsStart of year $4,173,739$4,081,281
Part XI · Reconciliation of net assets $4,035,447 net assets at year end
XI-1 Total revenue$389,305
XI-2 Total expenses$98,121
XI-3 Revenue less expenses$291,184
XI-4 Net assets at start of year$4,072,261
XI-9 Other changes in net assets−$327,998
XI-10 Net assets at end of year$4,035,447

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

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