Abundance Foundation Inc
- Assets
- $228.3k
- Revenue
- $548.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Pittsboro, NC
- Founding
- 06/2006
- Data as of
- 12/2021
- EIN
- 20-4327530
Organization Overview
Abundance Foundation Inc is located in Pittsboro, NC. The organization was established in 2006. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Abundance Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abundance Foundation 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, Abundance Foundation Inc generated $548.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $481.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.8%) 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 PROMOTE COMMUNITY RESILIENCE THROUGH HEALTH, SUSTAINABILITY, CULTURE, AND EQUALITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TALL GRASS FOOD BOXTALL GRASS FOOD BOX IS A PLATFORM TO SUPPORT AND ENCOURAGE THE SUSTAINABILITY OF BLACK FARMERS, BY INCREASING THEIR VISIBILITY AND SECURING SPACE FOR THEM IN THE LOCAL MARKETPLACE. IN A TIME WHERE SMALL BUSINESSES HAVE BECOME EVEN MORE VULNERABLE, IT IS IMPORTANT THAT WE DOUBLE DOWN IN OUR SUPPORT OF BLACK FARMERS. IN THIS VEIN, WE SEEK TO BUILD A CAPACITY FOR SELF-DETERMINATION WITHIN OUR LOCAL FOOD SYSTEMS. EVERY OTHER WEEK WE PULL TOGETHER FRESH PRODUCE FROM BLACK FARMERS ACROSS NC AND PUT IT TOGETHER IN A BOX TO PICK UP. EACH BOX HAS ENOUGH TO FEED 1-2 PEOPLE OR AN INDIVIDUAL WHO COOKS MORE 3 OR MORE TIMES A WEEK.
OTHER PROGRAMS OTHER PROGRAMS OF ABUNDANCE IN 2021 INCLUDED THE 6TH ANNUAL DEATH FAIRE AND CHATHAM SOCIAL JUSTICE EXCHANGE. IN ADDITION TO JOY OF MOVEMENT AND TALL GRASS FOOD BOX, ABUNDANCE NC FISCALLY SPONSORED FAYETTEVILLE LABYRINTH PROJECT, PIEDMONT FIBERSHED, PIEDMONT EARTH SKILLS, BE GOOD TO YOURSELF, AND HEART2HEART.
JOY OF MOVEMENT JOY OF MOVEMENT CONTINUES TO OFFER CLASSES AND EVENTS TO ENHANCE PERSONAL WELL-BEING AND MEANINGFUL CONNECTIONS IN THE COMMUNITY THROUGH MOVEMENT, MUSIC, AND MEDITATION. 2021 WAS A DIFFICULT YEAR DUE TO THE PANDEMIC, AND JOM DID ITS BEST TO ADAPT. WE SET UP WIFI IN THE STUDIO SO THAT SOME TEACHERS COULD CONTINUE TO OFFER THEIR CLASSES ONLINE. THE STUDIO REOPENED TO THE PUBLIC, TAKING APPROPRIATE PRECAUTIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Dejong Executive Dir. | Officer | 40 | $31,064 |
Marcela Slade Executive Dir. | Officer | 40 | $18,989 |
Sarah Pohlig President | OfficerTrustee | 2.5 | $0 |
Scott Bates Treasurer | OfficerTrustee | 2.5 | $0 |
Lashauna Austria Secretary | OfficerTrustee | 2.5 | $0 |
Patrick Mcgarry Board Member | Trustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $31,830 |
| Related organizations | $0 |
| Government grants | $23,079 |
| All other contributions, gifts, grants, and similar amounts not included above | $191,758 |
| Noncash contributions included in lines 1a–1f | $14 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $246,667 |
| Total Program Service Revenue | $139,093 |
| Investment income | $36 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,500 |
| 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 | $159,593 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $548,119 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $50,053 |
| Compensation of current officers, directors, key employees. | $15,016 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,121 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,482 |
| Fees for services: Management | $11,850 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $176,561 |
| Advertising and promotion | $10,342 |
| Office expenses | $865 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,156 |
| Travel | $4,870 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $147 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,629 |
| Insurance | $6,154 |
| All other expenses | $50,724 |
| Total functional expenses | $481,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,835 |
| Savings and temporary cash investments | $59,140 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,646 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $73,686 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,945 |
| Total assets | $228,252 |
| Accounts payable and accrued expenses | $2,087 |
| 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 | $26,792 |
| Total liabilities | $28,879 |
| Net assets without donor restrictions | $166,283 |
| Net assets with donor restrictions | $33,090 |
| 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 | $228,252 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Abundance Foundation Inc has recieved totaling $39,749.
| Awarding Organization | Amount |
|---|---|
Fenwick Foundation Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $32,600 |
North Carolina Association Of Black Lawyer Land Loss Prevention Projec Durham, NC PURPOSE: Support sustainability of black farmers | $5,000 |
Clif Bar Family Foundation Saint Helena, CA PURPOSE: BUILDING STRONGER COMMUNITIES | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $149 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Gary Sinise Foundation Nashville, TN | $79,715,180 | $58,070,139 |
Jefferson Scholars Foundation Charlottesville, VA | $761,742,846 | $36,629,374 |
The Pauley Family Foundation Richmond, VA | $2,022,061,315 | $1,899,350,410 |
College Foundation Of The University Of Virginia Charlottesville, VA | $252,362,262 | $51,045,128 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
New Morning Foundation Columbia, SC | $9,598,750 | $10,587,010 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
York Foundation Herndon, VA | $79,294,285 | $7,194,037 |