Abraham Project Inc
- Assets
- $447.4k
- Revenue
- $465.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Edinburg, TX
- Founding
- 08/2016
- Data as of
- 12/2021
- EIN
- 81-2680740
Organization Overview
Abraham Project Inc is located in Edinburg, TX. The organization was established in 2016. According to its NTEE Classification (P31) the organization is classified as: Adoption, 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. Abraham Project 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 12/2021, Abraham Project Inc generated $465.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $244.5k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RESOURCES TO QUALIFYING NONPROFIT ORGANIZATIONS SO THEY MAY PROVIDE STABLE, LOVING HOMES FOR CHILDREN IN CRISIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ABRAHAM PROJECT, INC. IS A CHRISTIAN HUMANITARIAN ORGANIZATION THAT EXISTS TO ASSIST QUALIFYING NONPROFIT ORGANIZATIONS PROVIDE HOMES FOR CHILDREN IN CRISIS. BY PROVIDING THE RESOURCES NEEDED, THESE ORGANIZATION CAN THEN PROVIDE EDUCATION AND SUPPORT SERVICES SO THAT EACH CHILD CAN SEEK A BETTER FUTURE. THE ABRAHAM PROJECT HAS TRANSITIONED PROGRAMS, IN COSTA RICA, TO SUPPORT SINGLE MOTHERS WITH A TRANSITIONAL RESIDENTIAL PROGRAM. THE ORGANIZATION WILL SUPPORT SINGLE MOTHERS IN FURTHERING THEIR EDUCATION WHILE TACKLING THE NEEDS OF THEIR FAMILIES. DAYCARE WILL BE PROVIDED WHILE SINGLE MOTHERS ARE WORKING. WORKSHOPS ARE PROVIDED TO FURTHER THE MOTHERS KNOWLEDGE AND CAPABILITIES, AND RECEIVE SUPPORT SERVICES TO ENSURE PHYSICAL AND MENTAL WELLNESS, WHILE THEY FURTHER THEIR PERSONAL DEVELOPMENT AND SPIRITUAL JOURNEY TO A BETTER QUALITY OF LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Thomas President | OfficerTrustee | 10 | $0 |
Georgiana Thomas Vice President | OfficerTrustee | 5 | $0 |
David Rudisill Secretary | OfficerTrustee | 1 | $0 |
Kenny Barrett Treasurer | OfficerTrustee | 1 | $0 |
Amanda Cook Director | Trustee | 1 | $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 | $465,133 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $465,133 |
| Total Program Service Revenue | $0 |
| Investment income | $1 |
| 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 | $465,134 |
| 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 | $226,191 |
| 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 | $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 | $0 |
| Fees for services: Accounting | $3,415 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,620 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,872 |
| Information technology | $8,763 |
| Royalties | $0 |
| Occupancy | $627 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $244,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $447,361 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $447,361 |
| 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 | $447,361 |
| 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 | $447,361 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Abraham Project Inc has recieved totaling $17,990.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $17,666 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $324 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Covenant Kids Inc Arlington, TX | $7,459,056 | $25,298,802 |
Gladney Center For Adoption Fort Worth, TX | $15,144,634 | $9,546,259 |
Miracle Foundation Inc Austin, TX | $3,952,092 | $3,731,836 |
Spaulding For Children Houston, TX | $1,803,441 | $3,566,009 |
Hope Cottage Inc Dallas, TX | $9,768,014 | $1,826,021 |
Both Ends Believing Inc Plano, TX | $1,721,695 | $2,343,528 |
Dillon International Inc Tulsa, OK | $738,849 | $1,457,400 |
Shared Beginnings Fayetteville, AR | $298,271 | $1,175,777 |
Family To Family Adoption Services Inc Richmond, TX | $107,112 | $870,385 |
Adoption Alliance San Antonio, TX | $2,559,916 | $841,559 |
Decolores Adoptions International Lake Charles, LA | $430,653 | $810,458 |
Abba Fund Inc Plano, TX | $3,396,798 | $695,056 |