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Abb Foundation EIN 47-4224483 Form 990 (PDF) Claim this org

Abb Foundation FY2022 filing

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A private foundation based in Cary, NC. It reported about $630K in revenue for 2022. For fiscal year 2022 it reported $630K in revenue, $767K in expenses, and $83K in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Cary, NC
Filings
6 on file (2020–2022)
Revenue
$630KFY2022
Expenses
$767K
Net assets
$83K
People
0
Filings
6
Updates
0
More identity details & actions ⌄
EIN  47-4224483 Private foundation / grantmaker Cary, NC
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
A private foundation based in Cary, NC. It reported about $630K in revenue for 2022.
Money in and out
$630K revenue, $767K expenses
Bottom line
—
Grants paid & assets · FY2022
Total revenue
$630K
Pt VIII · Ln 12
Total expenses
$767K
Pt IX · Ln 25
Net assets
$83K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$137K
Total assets
83K
deployed as grants and operations
Grants paid
767K
in FY2022
Grants made
22grants
total in period
Payout rate
925%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 22 grants · $312K · 2025–2025
America's CharitiesFY2025$50,000
Feeding AmericaFY2025$47,926
National Inventors Hall of Fame INCFY2025$45,000
FirstFY2025$45,000
Boys and Girls Club of Greater MemphisFY2025$20,000
Boys and Girls Club of Fort Smith ArkansasFY2025$20,000
American Red Cross Midwest Tn ChapterFY2025$20,000
Boys and Girls Club of Troy MichiganFY2025$20,000
Boys and Girls Club of Greater HoustonFY2025$20,000
Jane Phillips PTOFY2025$5,214
Churches United for Community Concern INCFY2025$4,786
Community Services Clearinghouse INCFY2025$4,023
United Way of Fort Smith Area INCFY2025$2,549
American National Red CrossFY2025$2,365
El Centro De CorazonFY2025$1,899
Wreaths Across AmericaFY2025$1,292
American Cancer Society INCFY2025$612
Beloved AshevilleFY2025$348
See all 22 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$14K
Median grantPart XV$5K
Largest grantPart XV$50K

Summary of the Filing

Part I · fiscal year 2022 · Form 990-PF
Revenue
$630K
FY2022▲ +142%
Expenses
$767K
FY2022▲ +100%
Total assets
$83K
FY2022▼ -62%
Total liabilities
$0
FY2022
Total revenue
$630K
Pt VIII · Ln 12
Total expenses
$767K
Pt IX · Ln 25
Net assets
$83K
Pt X · Ln 32
Total assetsPt II$83K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAbb Foundation
EINHdr · item D47-4224483
Principal addressHdr · item CCary, NC
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T22)
Ruling yearIRS BMFJul 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported
See Abb Foundation executive salaries →

Statement of Revenue

Part VIII
Contributions & grants100%$630K
Total revenueLn 12$630K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $1.00
Grants & contributions paid100%$767K
Total functional expensesLn 25$767K

Balance Sheet

Part X · end of year
CashLn 1$83K
Total assetsLn 16$83K
Total liabilitiesLn 26$0
Total net assetsLn 32$83K
Months of cash on handcomputed1.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $83K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $630K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $630K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $630K · Prior year $260K
+142%
Net-asset trend (YoY)
End of year $83K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $630K · Expenses $767K
-22%
Liabilities-to-Assets
Total liabilities — · Total assets $83K
—
Net-asset ratio
Net assets $83K · Total assets $83K
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $767K
No individual compensation reported on this filing
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 142%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$310K revenue · ⤓ 990 PDF
FY2024$515K revenue · ⤓ 990 PDF
FY2023$506K revenue · ⤓ 990 PDF
FY2022$630K revenue · viewing · ⤓ 990 PDF
FY2021$260K revenue · ⤓ 990 PDF
FY2020$300K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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