Abpa Foundation Inc
- Assets
- $113.8k
- Revenue
- $287.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- Data as of
- 01/2024
- EIN
- 36-4392492
Organization Overview
Abpa Foundation Inc is located in Chicago, IL. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abpa 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 01/2024, Abpa Foundation Inc generated $287.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 53.7% each year . All expenses for the organization totaled $279.4k during the year ending 01/2024. While expenses have increased by 56.5% per year over the past 2 years. They've been increasing with an increasing level of total revenue. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER AND ADVOCATE FOR THE ARAB AMERICAN/MIDDLE EASTERN NORTH AFRICAN COMMUNITY IN ILLINOIS BY PROVIDING ESSENTIAL TOOLS, RESOURCES, AND SUPPORT TO FACILITATE THE GROWTH AND SUCCESS OF SMALL BUSINESS OWNERS AND PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SMALL BUSINESS DEVELOPMENT CENTER AT ABPA: DEDICATED TO PROVIDING A WIDE RANGE OF SERVICES TO SUPPORT THE GROWTH AND SUCCESS OF SMALL BUSINESSES. OUR TEAM OF EXPERIENCED PROFESSIONALS OFFERS A RANGE OF SERVICES TO MEET THE NEEDS OF ENTREPRENEURS AND SMALL BUSINESS OWNERS. WHETHER YOU ARE JUST STARTING OUT OR LOOKING TO TAKE YOUR BUSINESS TO THE NEXT LEVEL, WE CAN PROVIDE GUIDANCE AND SUPPORT EVERY STEP OF THE WAY. OUR SERVICES INCLUDE BUSINESS PLAN DEVELOPMENT, ASSISTANCE WITH BUYING OR SELLING A BUSINESS, E-COMMERCE SUPPORT, FINANCING AND CAPITAL ACQUISITION, MARKETING AND SALES STRATEGIES, MENTOR-PROTG PROGRAM INFORMATION, NEW PRODUCT DEVELOPMENT, SOCIAL MEDIA MARKETING, START-UP ASSISTANCE, AND COUNSELING SERVICES VIA THE ECENTER DIRECT WEBSITE.
ABPA EMPOWER: OUR ANNUAL NETWORKING EVENT CELEBRATING WOMEN IN THE BUSINESS AND PROFESSIONAL FIELD AND PROVIDING CRITICAL FUNDS TO SUPPORT THE EMPOWER GRANT THAT HELPS ASPIRING BUSINESS OWNERS TURN THEIR DREAM BUSINESS TO A REAL BUSINESS.
BACK2SCHOOL KICKS CHICAGO: PROVIDE STUDENTS FROM UNDERSERVED CHICAGO NEIGHBORHOOD WITH A NEW PAIR OF SHOES TO HELP KICK OFF THE NEW SCHOOL YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rush Darwish President | Trustee | 40 | $45,000 |
Hussam Zayyad Treasurer | Trustee | 10 | $0 |
Taysser Doleh Secretary | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,280 |
| Related organizations | $0 |
| Government grants | $115,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $167,382 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $287,662 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $287,662 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $45,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,500 |
| 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 | $0 |
| Advertising and promotion | $5,831 |
| Office expenses | $17,204 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,316 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,076 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $279,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,487 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,629 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,662 |
| Total assets | $113,778 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $113,778 |
| 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 | $113,778 |