Abako Foundation
- Assets
- $751.8k
- Revenue
- $16.4k
- Investments
- $738.3k
- Employees
- 0
- Location
- Carlsbad, CA
- Founding
- 07/2018
- Data as of
- 12/2021
- EIN
- 81-1120403
Organization Overview
Abako Foundation is located in Carlsbad, CA. The organization was established in 2018. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abako Foundation 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, Abako Foundation generated $16.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (30.1%) each year. All expenses for the organization totaled $153.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Abako Foundation has awarded 97 individual grants totaling $343,672. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPLEMENTATION OF A LITERACY LIBRARY PROJECT IN 14 SCHOOLS SETTING UP SCIENCE LABS IN 10 SCHOOLS SETTING UP TWO ABAKO TEACHER TRAINING CENTERS AND 10 TEACHER TRAINING SESSIONS IN BIHAR INDIA
REHABILITATION OF A PRESCHOOL AND AN ELEMENTARY SCHOOL AND TEACHING MATERIALS
CLEANING KITS FOR 52 EARLY CHILDHOOD EDUCATION CENTERS IN 4 SCHOOL DISTRICS TO ENSURE A SAFE RETURN TO THE CLASSROOM
SCHOOL FURNITURE FOR TWO EARLY CHILDHOOD EDUCATION CENTERS IN VALLADOLID DISTRICT MEXICO
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leticia Banks President | 10 | $17,000 | |
Paul Banks Board Member | 1.5 | $0 | |
Teresa Tejeda Board Member | 0.5 | $0 | |
Dolores Molina Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $16,387 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,390 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10,066 |
| Printing and publications | $0 |
| Other expenses | $12,917 |
| Total operating and administrative expenses | $43,214 |
| Contributions, gifts, grants paid | $110,493 |
| Total expenses and disbursements | $153,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,717 |
| Savings and temporary cash investments | $725 |
| 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 | $738,336 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $751,778 |
| 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 | $5,251 |
| Total liabilities | $5,251 |
Grants Awarded
Over the last fiscal year, Abako Foundation has awarded $110,493 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
GRAM JAGAT FOUNDATION PURPOSE: IMPLEM LITERACY LIBRARY PROJ IN 14 SCHLS SCIENCE LABS IN 10 SCHLS2 ABAKO TEACHER TRAIN CENTERS | $60,000 |
GEOVANY EK PURPOSE: REHABILITATION OF A PRESCHOOL AND AN ELEMENTARY SCHOOL AND TEACHING MATERIALS | $6,152 |
CENTROS DE EDUCACION INICIAL PURPOSE: CLEANING KITS FOR 52 EARLY CHILDHOOD EDUCATION CENTERS IN 4 SCHOOL DISTRICS TO ENSURE A SAFE RETURN | $5,414 |
NORMA BORGES PURPOSE: SCHOOL FURNITURE FOR TWO EARLY CHILDHOOD EDUCATION CENTERS IN VALLADOLID DISTRICT | $3,204 |
AUGUSTIN SOLANO LOPEZ PURPOSE: PH D SCHOLARSHIP FOR MEXICAN CANDIDATE | $3,175 |
LIZBETH POOT PURPOSE: IMPLEMENTATION OF A LITERACY AND LIBRARY PROJECT IN A PRESCHOOL | $3,031 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Conrad Prebys Foundation San Diego, CA | $0 | $206,775,032 |
Jay And Rose Phillips Family Foundation Of California San Francisco, CA | $0 | $58,236 |
Jay And Rose Phillips Family Foundation Of Colorado Redwood City, CA | $0 | -$205,157 |
Henry J Kaiser Family Foundation San Francisco, CA | $1,103,580,994 | $111,004,070 |
The Ahmanson Foundation Beverly Hills, CA | $0 | $54,356,398 |
Charles Huang Foundation Pasadena, CA | $65,868,960 | $116,144,816 |
Weingart Foundation Los Angeles, CA | $0 | $30,569,267 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |
Price Philanthropies Foundation La Jolla, CA | $497,968,777 | $37,892,208 |
Kavli Foundation Los Angeles, CA | $672,190,947 | $63,900,227 |
Oprah Winfrey Charitable Foundation Los Angeles, CA | $244,908,730 | $15,499,605 |