Abba Fund Inc
- Assets
- $3.4m
- Revenue
- $695.1k
- Investments
- $2.3m
- Employees
- 10
- Location
- Plano, TX
- Founding
- 04/2004
- Data as of
- 12/2021
- EIN
- 20-0742335
Organization Overview
Abba Fund Inc is located in Plano, TX. The organization was established in 2004. According to its NTEE Classification (P31) the organization is classified as: Adoption, under the broad grouping of Human Services and related organizations. As of 12/2021, Abba Fund Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abba Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Abba Fund Inc generated $695.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $473.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ADOPTION ASSISTANCE FOR FAMILIES AND HELP FOR ORPHANS TO BE CARED FOR IN LOVING, NURTURING CHRISTIAN FAMILY ENVIRONMENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO HELP COUPLES OVERCOME THE FINANCIAL HURDLE AND THE CASH FLOW CRUNCH OF ADOPTION, WE PROVIDE INTEREST-FREE LOANS AND GRANTS. WE ALSO PROVIDE ADMINISTRATION AND AN APPROVAL PROCESS FOR CHURCHES SO THAT THEY CAN BE THE ONE TO HELP THEIR FAMILIES ADOPTING THROUGH 0% LOANS AND GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dwain Gullion Director | Officer | 32 | $43,200 |
A J Molnar Secretarytreasurer | OfficerTrustee | 15 | $0 |
Eugene Allison Chairman | OfficerTrustee | 5 | $0 |
Scott Henry Director | Trustee | 5 | $0 |
Daniel Labry Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $476,182 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $476,182 |
| Total Program Service Revenue | $3,664 |
| Investment income | $63,993 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $695,056 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $160,722 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $136,840 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,000 |
| Payroll taxes | $10,752 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,242 |
| Advertising and promotion | $0 |
| Office expenses | $22,859 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,386 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,001 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $266 |
| Insurance | $2,436 |
| All other expenses | $0 |
| Total functional expenses | $473,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $375,587 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $755,361 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $398 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,252,813 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,639 |
| Total assets | $3,396,798 |
| Accounts payable and accrued expenses | $4,477 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $200,000 |
| Total liabilities | $204,477 |
| Net assets without donor restrictions | $1,635,589 |
| Net assets with donor restrictions | $1,556,732 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,396,798 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Abba Fund Inc has recieved totaling $86,263.
| Awarding Organization | Amount |
|---|---|
Mckenna Foundation New Braunfels, TX PURPOSE: MENTORING PROGRAM | $45,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $33,100 |
Generous Life Foundation Dallas, TX PURPOSE: CHARITABLE PURPOSES | $5,038 |
Don And Anne Stager Foundation Austin, TX PURPOSE: INTERNATIONAL ADOPTION AND ORPHAN PROGRAMS | $3,125 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Covenant Kids Inc Arlington, TX | $7,459,056 | $25,298,802 |
Gladney Center For Adoption Fort Worth, TX | $15,144,634 | $9,546,259 |
Miracle Foundation Inc Austin, TX | $3,952,092 | $3,731,836 |
Spaulding For Children Houston, TX | $1,803,441 | $3,566,009 |
Hope Cottage Inc Dallas, TX | $9,768,014 | $1,826,021 |
Both Ends Believing Inc Plano, TX | $1,721,695 | $2,343,528 |
Dillon International Inc Tulsa, OK | $738,849 | $1,457,400 |
Shared Beginnings Fayetteville, AR | $298,271 | $1,175,777 |
Family To Family Adoption Services Inc Richmond, TX | $107,112 | $870,385 |
Adoption Alliance San Antonio, TX | $2,559,916 | $841,559 |
Decolores Adoptions International Lake Charles, LA | $430,653 | $810,458 |
Abba Fund Inc Plano, TX | $3,396,798 | $695,056 |