Abako Foundation
- Assets
- $684.7k
- Revenue
- $17.6k
- Investments
- $635.6k
- Employees
- 0
- Location
- Carlsbad, CA
- Founding
- 07/2018
- Data as of
- 12/2023
- 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 12/2023, Abako Foundation generated $17.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (20.3%) each year. All expenses for the organization totaled $186.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Abako Foundation has awarded 125 individual grants totaling $628,098. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
LITERACY AND LIBRARY PROGRAM FOR 14 SCHOOLS ADDED GHELORE COMMUNITY SCHOOL IN GAYA BIHAR INDIA THIS SECOND PHASE INVOLVES SIX MONTHS OF DOCUMENTING ALL THE PROGRAM LOGISTICS CREATING A MANUAL
TEXTBOOKS SCHOOL SUPPLIES FOR 3 ELEMENTARY SCHOOLS KOUTIALA MALI LIBRARY PROGRAM MEETINGS WITH EDUCATION OFFICIALS SCHOOL LIBRARY BUILDUP SET UP BOOKS MATERIALS TEACHERS CAPACITY TRAINING AND IMPLEMENTATION
LITERACYLIBRARY PROGRAM FOR 3 MAYANSPEAKING PRESCHOOLS YAXCABA MEXICO14 EQUIPPED READING SPACES LIBRARIES PEDAGOGICAL MATERIALS OFFICE SUPPLIES TEACHER TRAINING PARENT ENGAGEMENT AND IMPLEMENTATION
2ND PHASE IMPLEMENTATION OF THE LETERACY LIBRARY PROGRAM IN 8 MAYAN SPEAKING SCHOOLS ACANCEHMEXICO 20 CLASSROOM CORNERS W BOOKS TEACHING MATERIALS OFFICE SUPPLIES PARENT ENGAGEMENT ACTIVITIES ABAKO MONITORING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leticia Banks President | 0 | $0 | |
Paul Banks Board Member | 0 | $0 | |
Teresa Tejeda Board Member | 0 | $0 | |
Dolores Molina Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $108 |
| Dividends & Interest | $17,487 |
| 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 | $17,595 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $299 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $22,486 |
| Printing and publications | $0 |
| Other expenses | $28,683 |
| Total operating and administrative expenses | $51,918 |
| Contributions, gifts, grants paid | $134,836 |
| Total expenses and disbursements | $186,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,055 |
| Savings and temporary cash investments | $10,000 |
| 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 | $635,648 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $684,703 |
| 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 | $1,742 |
| Total liabilities | $1,742 |
Grants Awarded
Over the last fiscal year, Abako Foundation has awarded $134,836 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
MARLIN SILVA PURPOSE: PROFESSIONAL EXAMINATION GRANT | $292 |
SADIO SOGOBA PURPOSE: PROFESSIONAL SCHOLARSHIP TO FINISH A MASTERS DEGREE PROGRAM IN EDUCATION IN MALI | $1,000 |
KOUTIALA MALI CO DADOUGOU COULIBALY PURPOSE: TEXTBOOKS SCHOOL SUPPLIES FOR 3 ELEMENTARY SCHOOLS KOKO KOUMBRI AND SEYDOUGOUBOU IN KOUT | $31,000 |
SECUNDARIA ESTATAL RIRCARDO FLORES PURPOSE: 2ND PHASE OF THE READING PROJECT FOR THE LIBRARY FOR A MIDDLE SCHOOLTHIS PHASE REQUIRED MORE BOOKS | $487 |
ACANCEH SCHOOL DISTRICT 016 PURPOSE: LITERACY LIBRARY PROGRAM FOR 3 MAYANSPEAKING PRESCHOOLS THIS PROJECT ENTAILS 14 FULLY EQUIP | $7,832 |
HUNAB-KU PREESCHOOL PURPOSE: LITERACY AND LIBRARY PROGRAM IN A MAYANSPEAKING PRESCHOOL CHILDRENS BOOK AND TEACHING MATERIALS | $4,155 |