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Austin Serving Abaco Foundation FY2023 filing

Tax-deductible

Austin, TX501(c)(3)InternationalEIN 47-3274382

The foundation was formed to assist haitian immigrants and native bahamians in need, with a focus on helping children receive an education and assisting them in meeting their basic needs.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
1 of 5
filings with a surplus
Average deficit $13K a year · 18% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $12K
Fine: 1 funder names 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
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$59K
-36% vs prior year
Spent
$76K
To programs
100%
Net assets
$34K
By yearFY2020–FY2024
Revenue
$59K
FY2023▼ -36%
Revenue by fiscal year
FY2020$26K
FY2021$78K
FY2022$93K
FY2023$59K
FY2024$94K
Expenses
$76K
FY2023▼ -31%
Expenses by fiscal year
FY2020$18K
FY2021$115K
FY2022$111K
FY2023$76K
FY2024$96K
Net assets
$34K
FY2023▼ -35%
Net assets by fiscal year
FY2020$149K
FY2021$130K
FY2022$52K
FY2023$34K
FY2024$31K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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 Sep 2015.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $76K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation
Brian C Wood
President,tr
$0Pt VII · Sec A
Dena D Wood
Secretary
$0Pt VII · Sec A
See Austin Serving Abaco Foundation 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

Helps Haitian immigrants and native Bahamians, especially children, get education and meet basic needs.

Provided by the organization

This section is blank until Austin Serving Abaco Foundation claims this page.

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1 program service account for $76K of program spending, described in the organization's own filed words · FY2023.
01

The foundation was formed to assist haitian immigrants and native bahamians in need, with a focus on helping children receive an education and assisting them in meeting their basic needs.

$76Kprogram expense

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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
Donor Advised Charitable Giving INCFY2024$12K
Total grants receivedfrom 1 funder$12K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$59K
Ln 12
Gifts and grantsLn 1h$59K
Investment incomeLn 3$114
Money outPt IX
$76K
Ln 25
Programscol B$76K
Owns and owesPt X
$34K
net assets · Ln 32
Cash and savingsLn 1–2$17K
Total assetsLn 16$34K
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$59K
Investment incomeLn 3$114
Total revenueLn 12$59K
Assets in detailPt X, end of year
CashLn 1$17K
Cash and savings togetherLn 1–2$17K
InvestmentsLn 11–13$17K
Total assetsLn 16$34K
LiabilitiesLn 26$0
Net assetsLn 32$34K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$20K$17K
InvestmentsLn 11–13$32K$17K
Total assetsLn 16$52K$34K
LiabilitiesLn 26$0$0
Net assetsLn 32$52K$34K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other expenses (24a–d)Ln 24$76K$76K
Total functional expensesLn 25$76K$76K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $94K$96K−$1K$31K 990 PDF
FY2023 Viewing $59K$76K−$17K$34K 990 PDF
FY2022 $93K$111K−$18K$52K 990 PDF
FY2021 $78K$115K−$36K$130K 990 PDF
FY2020 $26K$18K$8K$149K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $59,058 across 4 lines filed
VIII-1f All other contributions, gifts and grants$58,944
VIII-1h Total contributions, gifts and grants$58,944
VIII-3 Investment incomeRelated to mission $114$114
VIII-12 Total revenueRelated to mission $114$59,058
Part IX · Statement of functional expenses $76,047 across 1 line filed
IX-24 Other expenses (24a–d)Programs $76,047$76,047
IX-25 Total functional expensesPrograms $76,047 · Management $0 · Fundraising $0$76,047
Part X · Balance sheet $33,764 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $20,070$17,152
X-11 Publicly traded securitiesStart of year $31,612$16,612
X-16 Total assetsStart of year $51,682$33,764
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $51,682$33,764
X-32 Total net assets or fund balancesStart of year $51,682$33,764
X-33 Total liabilities and net assetsStart of year $51,682$33,764
Part XI · Reconciliation of net assets $33,764 net assets at year end
XI-1 Total revenue$59,058
XI-2 Total expenses$76,047
XI-3 Revenue less expenses−$16,989
XI-4 Net assets at start of year$51,682
XI-9 Other changes in net assets−$929
XI-10 Net assets at end of year$33,764

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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