Abundant Center EIN 46-1303636 Form 990 (PDF) Claim this org

Abundant Center

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Helps the poor and disadvantaged find inner abundance through financial aid, job training, and character programs. For fiscal year 2025 it reported $226K in revenue, $57K in expenses, and $840K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Fremont, CA
Website
www.abundantcenter.org
Filings
5 on file (2021–2025)
Revenue
$226KFY2025
Expenses
$57K
Net assets
$840K
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-1303636 Public charity (501(c)(3)) Fremont, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps the poor and disadvantaged find inner abundance through financial aid, job training, and character programs.
Leadership
Fan Lu · President and Board of Director
Money in and out
$226K revenue, $57K expenses
Bottom line
100% program efficiency
Where the money goes · FY2025
Total revenue
$226K
Pt VIII · Ln 12
Total expenses
$57K
Pt IX · Ln 25
Net assets
$840K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $169K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
3.1mo
months of highly liquid reserves at operating expense rate▼ -93% vs prior filing year
Surplus margin
+75%
revenue over expenses, this year▲ +3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$226K
FY2025▲ +45%
Expenses
$57K
FY2025▲ +34%
Total assets
$855K
FY2025▲ +27%
Total liabilities
$15K
FY2025
Total revenue
$226K
Pt VIII · Ln 12
Total expenses
$57K
Pt IX · Ln 25
Net assets
$840K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$169K
Total assetsPt X · Ln 16$855K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $57K of program spending, described in the organization's own filed words · FY2024.
01

Character training programs. Business ethics and career planning classes to around 1,038 university students in 8 weeks. Twice a week character building classes for students groups that are around 25-45 in size and ages 4-18. 8-14 online / phone / face-to-face counselings in local community per week.

$44Kprogram expense
02

Charitable donations to charitable, non-profit organizations that have similar exempt purposes and programs as ours; $8,500 went to Potter's House Academy in rural Kenya to support extremely poor students with their tuition, food, transportation, their local teacher's salary.

$10Kprogram expense
03

Volunteer recruiting to help serve poor, disadvantaged students. Recruited 5 international long-term and 12 short-term volunteer teachers to support blind, minority and disadvantaged students in Guizhou, China.

$3Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAbundant Center
EINHdr · item D46-1303636
Principal addressHdr · item CFremont, CA
WebsiteHdr · item Jwww.abundantcenter.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFJan 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President and Board of Director
$0Pt VII · Sec A
Treasurer and Board of Director
$0Pt VII · Sec A
Board of Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$183K · 81%
Other revenue$41K · 18%
Investment income$1K · 1%
Contributions & grants81%$183K
Other revenue18%$41K
Investment income1%$1K
Total revenueLn 12$226K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$57K
Total functional expensesLn 25$57K

Balance Sheet

Part X · end of year
CashLn 1$15K
Total assetsLn 16$855K
Total liabilitiesLn 26$15K
Total net assetsLn 32$840K
Months of cash on handcomputed3.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $15K · Operating expenses/yr $57K
3.1 months
Where the money goes
Program services
Program services $57K · Total expenses $57K
100%
Management & General
Management & general $0 · Total expenses $57K
0%
Fundraising
Fundraising $0 · Total expenses $57K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $145K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $183K · Total revenue $226K
81%
Government reliance
Government grants $0 · Total revenue $226K
0%
Earned-income share
Program service revenue $0 · Total revenue $226K
0%
Investment reliance
Investment income $1K · Total revenue $226K
+0.6%
Program self-sufficiency
Program service revenue $0 · Total expenses $57K
0%
Growth & trend
Revenue growth (YoY)
This year $226K · Prior year $156K
+45%
Revenue CAGR
FY2020 $144K · FY2024 $226K
+12%
Net-asset trend (YoY)
End of year $840K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $226K · Expenses $57K
+75%
Liabilities-to-Assets
Total liabilities — · Total assets $855K
Net-asset ratio
Net assets $840K · Total assets $855K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $855K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Fan Lu · Reported title President and Board of Director · Highest reported compensation $0 · Total expenses $57K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $57K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 45%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$30K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$226K revenue · viewing · ⤓ 990 PDF
FY2024$156K revenue · ⤓ 990 PDF
FY2023$162K revenue · ⤓ 990 PDF
FY2022$155K revenue · ⤓ 990 PDF
FY2021$144K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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