Abs Foundation Inc
- Assets
- $0.0
- Revenue
- $235.0k
- Investments
- $0.0
- Employees
- 0
- Location
- San Diego, CA
- Founding
- Data as of
- 12/2018
- EIN
- 26-0024575
Organization Overview
Abs Foundation Inc is located in San Diego, CA.
For the year ending 12/2018, Abs Foundation Inc generated $235.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 53.9% each year . All expenses for the organization totaled $1.3m during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Ballantyne President | 1 | $0 | |
Sharee Ballantyne Secretary | 1 | $0 | |
Dave Baker Vice President | 1 | $0 | |
Sharon Van Osdol CFO | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $103,346 |
| Interest on Savings | $179 |
| Dividends & Interest | $7,059 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $124,460 |
| Capital Gain Net Income | $124,460 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $235,044 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $60 |
| Total operating and administrative expenses | $39,483 |
| Contributions, gifts, grants paid | $1,223,000 |
| Total expenses and disbursements | $1,262,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Abs Foundation Inc has awarded $1,223,000 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
EL CAMINO COLLEGE FOUNDATION PURPOSE: EDUCATION | $2,000 |
FINE ARTS CHAMBER PLAYERS PURPOSE: ARTS & CULTURAL | $3,000 |
FURNITURE BANK ATLANTA PURPOSE: SOCIAL WELFARE | $4,000 |
FUTURE FOR KIDS PURPOSE: YOUTH ACTIVITIES | $3,000 |
GREEN RIVER COMMUNITY COLLEGE PURPOSE: EDUCATION | $2,000 |
GUIDE DOGS OF THE DESERT PURPOSE: SOCIAL WELFARE | $5,000 |