Action Based Enterprises Inc
- Assets
- $1.5m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 52
- Location
- Woonsocket, RI
- Founding
- 05/2003
- Data as of
- 06/2023
- EIN
- 80-0007358
Organization Overview
Action Based Enterprises Inc is located in Woonsocket, RI. The organization was established in 2003. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2023, Action Based Enterprises Inc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Action Based Enterprises 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 06/2023, Action Based Enterprises Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $3.6m during the year ending 06/2023. While expenses have increased by 7.1% per year over the past 4 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATIONAL SERVICES & TRANSPORTATION TO DISABLED STUDENTS AND ENABLE PARTICIPANTS TO MAXIMIZE THEIR POTENTIAL AS INDIVIDUALS THROUGH THE PROVISION
Describe the Organization's Program Activity:
CHILDREN WITH DISABILITIES WERE EDUCATED TO GRADUATE OR RE-ENTER THE PUBLIC SCHOOL SYSTEM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert A Purcell Special Ed Director | Trustee | 24 | $0 |
James Williams Program Director | Trustee | 35 | $0 |
Thomas Evans President | Officer | 5 | $0 |
Jan Peterson Vice President | Officer | 5 | $0 |
James Purcell 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 | $2,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,000 |
| Total Program Service Revenue | $4,246,982 |
| 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 | $4,248,982 |
| 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 | $1,980,230 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $29,571 |
| Other employee benefits | $219,222 |
| Payroll taxes | $201,855 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,851 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $467,654 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,811 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,171 |
| Insurance | $67,718 |
| All other expenses | $367,009 |
| Total functional expenses | $3,605,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $595,236 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $228,670 |
| 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 | $23,968 |
| Net Land, buildings, and equipment | $273,708 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $353,600 |
| Total assets | $1,475,182 |
| Accounts payable and accrued expenses | $59,428 |
| 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 | $27,494 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $86,922 |
| Net assets without donor restrictions | $1,388,260 |
| 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 | $1,475,182 |