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Joseph C Bancroft Charitable & Educational Fund

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Named Trusts/Foundations N.E.C. (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$6.16M (2023)

Expenses
$4.78M (2023)

Total Assets
$201M (2023)

Total Liabilities
$19.3M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,161,473
Expenses
$4,781,533
Net Income
$1,379,940
Net Assets
$181,715,398
Notable Sources of Revenue Percent of Total Revenue
Contributions $220,155
3.6%
Program Services $0
Investment Income $6,010,899
97.6%
Bond Proceeds $0
Royalties $1,313
0.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$70,894
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $767,500
16.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $200,978,348
Total Liabilities $19,262,950
Net Assets $181,715,398
Compensation
Key Employees and Officers Compensation Related Other
Gerald M Abdalla Jr (Director) $332,500 $0 $0
Robert M Bird (Director) $145,000 $0 $0
Tom A Abdalla (Director, Sec & Treas) $145,000 $0 $0
Gerald M Abdalla (President, Director) $145,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,181,563
Expenses
$4,434,870
Net Income
$1,746,693
Net Assets
$177,150,516
Notable Sources of Revenue Percent of Total Revenue
Contributions $225,726
3.7%
Program Services $0
Investment Income $2,046,174
33.1%
Bond Proceeds $0
Royalties $1,296
0.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,908,367
63.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $752,500
17.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $193,902,263
Total Liabilities $16,751,747
Net Assets $177,150,516
Compensation
Key Employees and Officers Compensation Related Other
Gerald M Abdalla Jr (Director) $328,750 $0 $0
Robert M Bird (Director) $141,250 $0 $0
Tom A Abdalla (Director, Sec & Treas) $141,250 $0 $0
Gerald M Abdalla (President, Director) $141,250 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,336,128
Expenses
$3,940,753
Net Income
$395,375
Net Assets
$181,157,917
Notable Sources of Revenue Percent of Total Revenue
Contributions $228,662
5.3%
Program Services $0
Investment Income $1,010,578
23.3%
Bond Proceeds $0
Royalties $202
0.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,096,686
71.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $732,500
18.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $195,688,163
Total Liabilities $14,530,246
Net Assets $181,157,917
Compensation
Key Employees and Officers Compensation Related Other
Gerald M Abdalla Jr (Director) $342,500 $0 $0
Robert M Bird (Director) $130,000 $0 $0
Tom A Abdalla (Director, Sec & Treas) $130,000 $0 $0
Gerald M Abdalla (President, Director) $130,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,148,604
Expenses
$3,796,169
Net Income
$3,352,435
Net Assets
$180,075,070
Notable Sources of Revenue Percent of Total Revenue
Contributions $235,108
3.3%
Program Services $0
Investment Income $1,776,488
24.9%
Bond Proceeds $0
Royalties $756
0.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $5,136,252
71.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $612,500
16.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $192,521,165
Total Liabilities $12,446,095
Net Assets $180,075,070
Compensation
Key Employees and Officers Compensation Related Other
Gerald M Abdalla Jr (Director) $222,500 $0 $0
Robert M Bird (Director) $130,000 $0 $0
Tom A Abdalla (Director, Sec & Treas) $130,000 $0 $0
Gerald M Abdalla (President, Director) $130,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,289,980
Expenses
$3,669,064
Net Income
$1,620,916
Net Assets
$178,322,437
Notable Sources of Revenue Percent of Total Revenue
Contributions $242,005
4.6%
Program Services $0
Investment Income $3,545,364
67.0%
Bond Proceeds $0
Royalties $1,296
0.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,501,315
28.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $595,000
16.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $188,982,857
Total Liabilities $10,660,420
Net Assets $178,322,437
Compensation
Key Employees and Officers Compensation Related Other
Gerald M Abdalla Jr (Director) $205,000 $0 $0
Robert M Bird (Director) $130,000 $0 $0
Tom A Abdalla (Director, Sec & Treas) $130,000 $0 $0
Gerald M Abdalla (President, Director) $130,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$26,988,697
Expenses
$27,160,011
Net Income
-$171,314
Net Assets
$184,181,405
Notable Sources of Revenue Percent of Total Revenue
Contributions $225,975
0.8%
Program Services $0
Investment Income $3,334,938
12.4%
Bond Proceeds $0
Royalties $1,240
0.0%
Rental Property Income $8,400
0.0%
Net Fundraising $0
Sales of Assets $1,929,190
7.1%
Net Inventory Sales $0
Other Revenue $21,488,954
79.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,829,793
6.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $186,431,955
Total Liabilities $2,250,550
Net Assets $184,181,405
Compensation
Key Employees and Officers Compensation Related Other
Gerald M Abdalla Jr (Director) $205,000 $224,867 $1,287
Gerald M Abdalla (President; Ceo; Director) $130,000 $320,670 $3,826
Robert M Bird (Director) $130,000 $110,000 $0
Tom A Abdalla (Director, Sec & Treas) $130,000 $225,638 $3,826
Stephen C Lewis (Executive Vice President) $0 $219,760 $1,287
Susan Bellipanni (Secretary) $0 $133,858 $1,287

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$24,034,073
Expenses
$26,072,835
Net Income
-$2,038,762
Net Assets
$183,781,267
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $2,096,669
8.7%
Bond Proceeds $0
Royalties $899
0.0%
Rental Property Income $8,400
0.0%
Net Fundraising $0
Sales of Assets $1,561,264
6.5%
Net Inventory Sales $0
Other Revenue $20,366,841
84.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,545,479
9.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $186,681,210
Total Liabilities $2,899,943
Net Assets $183,781,267
Compensation
Key Employees and Officers Compensation Related Other
Gerald M Abdalla (President; Ceo; Director) $1,179,164 $0 $3,728
Gerald M Abdalla Jr (Director) $579,863 $0 $1,477
Tom A Abdalla (Director, Sec & Treas) $245,846 $0 $3,728
Robert M Bird (Director) $240,000 $0 $0
Stephen C Lewis (Executive Vice President) $199,752 $0 $1,544
Susan Bellipanni (Secretary) $100,854 $0 $1,477

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,936,378
Expenses
$27,014,835
Net Income
$2,921,543
Net Assets
$184,478,637
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $2,204,173
7.4%
Bond Proceeds $0
Royalties $1,000
0.0%
Rental Property Income $8,400
0.0%
Net Fundraising $0
Sales of Assets $4,615,462
15.4%
Net Inventory Sales $0
Other Revenue $23,107,343
77.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,854,212
10.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $186,862,515
Total Liabilities $2,383,878
Net Assets $184,478,637
Compensation
Key Employees and Officers Compensation Related Other
Gerald M Abdalla (President; Ceo; Director) $1,529,164 $0 $0
Gerald M Abdalla Jr (Director) $474,908 $0 $0
Tom A Abdalla (Director, Sec & Treas) $253,897 $0 $0
Stephen C Lewis (Executive Vice President) $242,844 $0 $0
Robert M Bird (Director) $240,000 $0 $0
Susan Bellipanni (Secretary) $113,399 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$33,299,943
Expenses
$30,928,449
Net Income
$2,371,494
Net Assets
$172,198,082
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $2,483,311
7.5%
Bond Proceeds $0
Royalties $2,000
0.0%
Rental Property Income -$206,718
Net Fundraising $0
Sales of Assets $6,703,230
20.1%
Net Inventory Sales $0
Other Revenue $24,318,120
73.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,778,693
9.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $174,992,982
Total Liabilities $2,794,900
Net Assets $172,198,082
Compensation
Key Employees and Officers Compensation Related Other
Gerald M Abdalla (President; Ceo; Director) $1,579,193 $0 $0
Gerald M Abdalla Jr (Director) $435,000 $0 $0
Robert M Bird (Director) $240,000 $0 $0
Tom A Abdalla (Director, Sec & Treas) $234,500 $0 $0
Stephen C Lewis (Executive Vice President) $197,500 $0 $0
Susan Bellipanni (Secretary) $92,500 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,801,002
Expenses
$30,728,971
Net Income
-$1,927,969
Net Assets
$179,568,865
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $2,204,115
7.7%
Bond Proceeds $0
Royalties $4,500
0.0%
Rental Property Income -$384,064
Net Fundraising $0
Sales of Assets $2,555,961
8.9%
Net Inventory Sales $0
Other Revenue $24,420,490
84.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,226,193
7.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $183,953,283
Total Liabilities $4,384,418
Net Assets $179,568,865
Compensation
Key Employees and Officers Compensation Related Other
Gerald M Abdalla (President;Ceo) $1,464,193 $65,000 $0
Robert M Bird (Director) $175,000 $65,000 $0
Stephen C Lewis (Executive Vice President) $172,000 $0 $0
Gerald M Abdalla Jr (Director) $170,000 $65,000 $0
Tom A Abdalla (Director, Sec & Treas) $161,000 $65,000 $0
Susan Bellipanni (Secretary) $84,000 $0 $0
Victor C Donati Jr (Former Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$24,305,607
Expenses
$24,989,915
Net Income
-$684,308
Net Assets
$180,894,615
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $2,222,093
9.1%
Bond Proceeds $0
Royalties $7,000
0.0%
Rental Property Income $243,252
1.0%
Net Fundraising $0
Sales of Assets $3,035,727
12.5%
Net Inventory Sales $0
Other Revenue $18,797,535
77.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,793,526
7.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $183,202,798
Total Liabilities $2,308,183
Net Assets $180,894,615
Compensation
Key Employees and Officers Compensation Related Other
Gerald M Abdalla (President;Ceo) $1,097,943 $48,750 $0
Stephen C Lewis (Executive Vice President) $154,200 $0 $0
Tom A Abdalla (Director, Sec & Treas) $139,750 $48,750 $0
Robert M Bird (Director) $123,750 $48,750 $0
Gerald M Abdalla Jr (Director) $113,083 $48,750 $0
Victor C Donati Jr (Vice President) $86,000 $0 $0
Susan Bellipanni (Secretary) $78,800 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$30,441,937
Expenses
$23,821,754
Net Income
$6,620,183
Net Assets
$182,544,114
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $5,401,544
17.7%
Bond Proceeds $0
Royalties $8,442
0.0%
Rental Property Income $199,400
0.7%
Net Fundraising $0
Sales of Assets $7,771,632
25.5%
Net Inventory Sales $0
Other Revenue $17,060,919
56.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,373,814
10.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $189,125,562
Total Liabilities $6,581,448
Net Assets $182,544,114

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$23,888,008
Expenses
$22,419,663
Net Income
$1,468,345
Net Assets
$178,697,334
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $6,795,185
28.4%
Bond Proceeds $0
Royalties $9,162
0.0%
Rental Property Income $133,164
0.6%
Net Fundraising $0
Sales of Assets $455,438
1.9%
Net Inventory Sales $0
Other Revenue $16,495,059
69.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,823,693
8.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $180,661,572
Total Liabilities $1,964,238
Net Assets $178,697,334

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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