The Abcd Inc
- Assets
- $7.3m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 34
- Location
- Canton, OH
- Founding
- 04/1974
- Data as of
- 12/2021
- EIN
- 23-7362592
Organization Overview
The Abcd Inc is located in Canton, OH. The organization was established in 1974. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Abcd Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abcd 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, Abcd Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. 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
THE COMPANY IS COMMITTED TO IMPROVING THE QUALITY OF LIFE FOR PEOPLE PRIMARILY IN STARK COUNTY, THROUGH COMMUNITY ECONOMIC DEVELOPMENT, ENERGY CONSERVATION, HOUSING AND TRANSPORTATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES TRANSPORTATION SERVICES TO QUALIFIED INDIVIDUALS AND ESTABLISHED AND MAINTAINS PROGRAM FOR FAMILY DEVELOPMENT AND ECONOMIC DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Dent President And CEO | Trustee | 40 | $105,773 |
Kent Mcclelland Chairperson | OfficerTrustee | 3 | $0 |
Lydia Lee Vice-Chairperson | OfficerTrustee | 3 | $0 |
Latoya Dickens Secretary | OfficerTrustee | 3 | $0 |
Tomier Davenport Treasurer | Trustee | 3 | $0 |
Aimee Schlerbitzauer Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,007,585 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,007,585 |
| Total Program Service Revenue | $449,314 |
| Investment income | $38,072 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $52,971 |
| 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 | $1,684,746 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $618,830 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,390 |
| Payroll taxes | $51,888 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,898 |
| Advertising and promotion | $3,897 |
| Office expenses | $6,839 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $95,037 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,726 |
| Interest | $7,727 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81,646 |
| Insurance | $11,526 |
| All other expenses | $5,100 |
| Total functional expenses | $1,297,126 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,215 |
| Savings and temporary cash investments | $645,687 |
| Pledges and grants receivable | $161,053 |
| Accounts receivable, net | $31,439 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,737,557 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $66,161 |
| Net Land, buildings, and equipment | $1,065,912 |
| Investments—publicly traded securities | $236,928 |
| Investments—other securities | $0 |
| Investments—program-related | $1,072,082 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,258,034 |
| Accounts payable and accrued expenses | $44,484 |
| Grants payable | $0 |
| Deferred revenue | $166,627 |
| 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 | $48,410 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,790,645 |
| Total liabilities | $4,050,166 |
| Net assets without donor restrictions | $3,207,868 |
| Net assets with donor restrictions | $0 |
| 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 | $7,258,034 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Abcd Inc has recieved totaling $52,114.
| Awarding Organization | Amount |
|---|---|
Direction Home Akron Canton Area Agency On Aging Uniontown, OH PURPOSE: TRANSPORTATION | $22,807 |
Direction Home Akron Canton Area Agency On Aging Uniontown, OH PURPOSE: TRANSPORTATION | $22,807 |
Sisters Of Charity Foundation Of Canton Cleveland, OH PURPOSE: Pandemic Assistance | $6,500 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky River Foothills Development Council Inc Richmond, KY | $12,381,295 | $19,871,173 |
Community Action Of Southern Kentucky Incorporated Bowling Green, KY | $10,381,389 | $18,999,181 |
Northern Kentucky Community Action Commisson Inc Covington, KY | $8,823,439 | $18,121,235 |
University Circle Incorporated Cleveland, OH | $134,622,719 | $18,118,457 |
Foundation For Detroits Future Detroit, MI | $47,892,805 | $26,320,980 |
Usw District 10 Local 286 Welfare Trust Fund Philadelphia, PA | $8,668,111 | $17,307,586 |
Economic And Community Development Institute Inc Columbus, OH | $78,355,876 | $19,971,101 |
Liberty Lutheran Housing Development Corporation State College, PA | $52,974,358 | $15,701,429 |
Mountainheart Community Servces Inc Oceana, WV | $5,735,709 | $13,660,570 |
West Ohio Community Action Partnership Lima, OH | $6,981,623 | $15,279,840 |
Community Action Program Commission Of The Lancaster-Fairfield County Lancaster, OH | $11,087,648 | $12,770,614 |
University City District Philadelphia, PA | $9,386,670 | $9,712,200 |