Abate Foundation INC FY2022 filing

Tax-deductible

Bargersville, IN501(c)(3)EducationEIN 35-1812652Revenue $248K in FY2022

On file with the IRSPo Box 665, 46106-0665 · Bargersville, INTax-exempt since Jul 1992Publicly supported — 509(a)(2)

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Raising money for indiana based charities

501(c)(3) charity; gifts are tax-deductible.
36¢ 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 990-TIndependent: 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-T
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $11K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
36%
of spending
Concern: 36% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$248K
+72% vs prior year
Spent
$238K
To programs
36%
Net assets
$135K
By yearFY2020–FY2024
Revenue
$248K
FY2022▲ +72%
Tap a bar for its year
Revenue by fiscal year
FY2020$171K
FY2021$144K
FY2022$248K
FY2023$248K
FY2024$252K
Expenses
$238K
FY2022▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$172K
FY2021$236K
FY2022$238K
FY2023$197K
FY2024$164K
Net assets
$135K
FY2022▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$217K
FY2021$125K
FY2022$135K
FY2023$185K
FY2024$274K

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1992.

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

Where the money goes

36 cents of each dollar spent went to programs.

Program services 36% · $85K Management & general 1% · $3K Fundraising 63% · $150K

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

13 people listed on the 990-T.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Abate Foundation INC executive salaries →

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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

Raises money for Indiana charities.

Provided by the organization

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1 program · $85K · in their own filed words · FY2022
01

Raising money for indiana based charities

$85Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2019
Total grants receivedfrom 1 funder$100
Grants paid · 5 grants · $398K · 2020–2024
Abate of IndianaFY2024$72,000
Abate of IndianaFY2023$81,000
Abate of IndianaFY2022$45,000
Abate of IndianaFY2021$150,000
Abate of IndianaFY2020$50,000

By the numbers

The FY2022 990-T, line by line.

1The main four
Money in
$248K
Other income$248K
Money out
$238K
Programs$85K
Management$3K
Fundraising$150K
Owns and owes
$135K
net assets
Cash and savings$100K
Total assets$137K
Liabilities$2K
People
13
listed
Paid0
Voting board13
Independent13
2In more detail
Revenue in detail
Other income$248K
Total revenue$248K
Assets in detailEnd of year
Cash and savings together$100K
Total assets$137K
Liabilities$2K
Net assets$135K
Operations
Employees0
Volunteers0
Fiscal year endsDecember
Conflict-of-interest policyYes
Whistleblower policyYes
Records policyYes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $252K$164K$88K$274K 990 PDF
FY2023 $248K$197K$51K$185K 990 PDF
FY2022 Viewing $248K$238K$10K$135K 990 PDF
FY2021 $144K$236K−$92K$125K 990 PDF
FY2020 $171K$172K−$423$217K 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

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

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