Abounding Prosperty INC FY2022 filing

Tax-deductible

Dallas, TX501(c)(3)Since 2006Human ServicesEIN 20-3746990Revenue $8.1M in FY2022

On file with the IRSaboundingprosperity.org2311 Dr Martin Luther King JR, 75215-0000 · Dallas, TXTax-exempt since Apr 2006Publicly supported charity — 170(b)(1)(A)(vi)

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We provide services to address health, social economic disparities amoung african american men with special emphasis on gay, bisexual , male to female transgender individuals and thier families in the dallas/fort worth

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $1.2M a year · 15% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $49K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.1M
-32% vs prior year
Spent
$10.2M
To programs
90%
Net assets
$6.3M
By yearFY2020–FY2024
Revenue
$8.1M
FY2022▼ -32%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.6M
FY2021$11.8M
FY2022$8.1M
FY2023$6.7M
FY2024$7.3M
Expenses
$10.2M
FY2022▲ +70%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.1M
FY2021$6.0M
FY2022$10.2M
FY2023$6.6M
FY2024$6.7M
Net assets
$6.3M
FY2022▼ -25%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.6M
FY2021$8.4M
FY2022$6.3M
FY2023$6.3M
FY2024$7.0M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $9.2M Management & general 2% · $232K Fundraising 8% · $797K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A

Kirk Myers’s $118K as CEO is at the 52nd percentile of top reported officer pay among 3869 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Addresses health, social, and economic disparities for African American men, especially LGBTQ+ individuals and their families.

Provided by the organization

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1 program · $9.2M · in their own filed words · FY2022
01

We provide services to address health, social and economic disparities amoung african american men with special emphasis on gay, bisexual and male to female transgender indiviuals and thier families in the DALLAS/FORT worth metroplex, we are dedicated to developing programs and services that cater to the target population.

$9.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$49K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$8.1M
Ln 12
Gifts and grantsLn 1h$4.9M
Fees for servicesLn 2g$3.2M
Money outPt IX
$10.2M
Ln 25
Programscol B$9.2M
Managementcol C$232K
Fundraisingcol D$797K
Owns and owesPt X
$6.3M
net assets · Ln 32
Cash and savingsLn 1–2$6.0M
Total assetsLn 16$6.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.9M
Government grantsLn 1e$2.5M
Fees for servicesLn 2g$3.2M
Total revenueLn 12$8.1M
Assets in detailPt X, end of year
CashLn 1$6.0M
Cash and savings togetherLn 1–2$6.0M
Land, buildings, equipmentLn 10c$287K
Total assetsLn 16$6.3M
LiabilitiesLn 26$0
Net assetsLn 32$6.3M
OperationsPt I, VI
EmployeesI 533
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$6.7M$6.0M
Land, buildings, equipmentLn 10c$287K$287K
Total assetsLn 16$8.4M$6.3M
LiabilitiesLn 26$0$0
Net assetsLn 32$8.4M$6.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$2.7M$2.5M$232K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$429K$429K
Payroll taxesLn 10$190K$190K
Management feesLn 11a$440K$440K
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$797K$797K
Investment management feesLn 11f$0
Other fees for servicesLn 11g$675K$675K
Advertising and promotionLn 12$2.1M$2.1M
Office expensesLn 13$199K$199K
Information technologyLn 14$15K$15K
RoyaltiesLn 15$0
OccupancyLn 16$491K$491K
TravelLn 17$56K$56K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$42K$42K
InterestLn 20$0
Payments to affiliatesLn 21$1.2M$1.2M
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$249K$249K
Other expenses (24a–d)Ln 24$270K$270K
All other expensesLn 24e$317K$317K
Total functional expensesLn 25$10.2M$9.2M$232K$797K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $7.3M$6.7M$637K$7.0M 990 PDF
FY2023 $6.7M$6.6M$75K$6.3M 990 PDF
FY2022 Viewing $8.1M$10.2M−$2.1M$6.3M 990 PDF
FY2021 $11.8M$6.0M$5.8M$8.4M 990 PDF
FY2020 $5.6M$4.1M$1.5M$2.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $8,053,291 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,784,561$4,855,894
I-9 Program service revenue$3,197,397
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $11,784,561$8,053,291
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,666,612$3,341,057
I-16a Professional fundraising fees$796,709
I-17 Other expensesPrior year $3,312,933$6,055,915
I-18 Total expensesPrior year $5,979,545$10,193,681
I-19 Revenue less expensesPrior year $5,805,016−$2,140,390
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $8,053,291 across 5 lines filed
VIII-1e Government grants$2,453,547
VIII-1f All other contributions, gifts and grants$2,402,347
VIII-1h Total contributions, gifts and grants$4,855,894
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)$3,197,397
VIII-12 Total revenue$8,053,291
Part IX · Statement of functional expenses $10,193,681 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $2,489,250 · Management $232,388$2,721,638
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $428,989$428,989
IX-10 Payroll taxesPrograms $190,430$190,430
IX-11a Management feesPrograms $439,546$439,546
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $796,709$796,709
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $674,718$674,718
IX-12 Advertising and promotionPrograms $2,116,223$2,116,223
IX-13 Office expensesPrograms $198,584$198,584
IX-14 Information technologyPrograms $14,574$14,574
IX-15 Royalties$0
IX-16 OccupancyPrograms $491,344$491,344
IX-17 TravelPrograms $55,923$55,923
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $42,129$42,129
IX-20 Interest$0
IX-21 Payments to affiliatesPrograms $1,187,545$1,187,545
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $248,764$248,764
IX-24 Other expenses (24a–d)Programs $269,966$269,966
IX-24e All other expensesPrograms $316,599$316,599
IX-25 Total functional expensesPrograms $9,164,584 · Management $232,388 · Fundraising $796,709$10,193,681
Part X · Balance sheet $6,259,486 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $6,695,894$5,972,864
X-10c Land, buildings and equipment, netStart of year $286,622$286,622
X-16 Total assetsStart of year $8,399,876$6,259,486
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $8,399,876$6,259,486
X-32 Total net assets or fund balancesStart of year $8,399,876$6,259,486
X-33 Total liabilities and net assetsStart of year $8,399,876$6,259,486
Part XI · Reconciliation of net assets $6,259,486 net assets at year end
XI-1 Total revenue$8,053,291
XI-2 Total expenses$10,193,681
XI-3 Revenue less expenses−$2,140,390
XI-4 Net assets at start of year$8,399,876
XI-10 Net assets at end of year$6,259,486

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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