I Am Abel Foundation FY2022 filing

Tax-deductible

Flossmoor, IL501(c)(3)Human ServicesEIN 47-4115154Revenue $254K in FY2022

On file with the IRS3721 Lismore St, 60422-4313 · Flossmoor, ILTax-exempt since Aug 2016Publicly supported charity — 170(b)(1)(A)(vi)

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Bridge socioeconomic gaps amongst inner-city minorities

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

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $132K a year · 24% of revenue · last 5 filings
Fine: a surplus in 4 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
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $250K
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
22
of 22 voting members
Looks good: 22 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$254K
+26% vs prior year
Spent
$274K
To programs
100%
Net assets
$56K
By yearFY2021–FY2025
Revenue
$254K
FY2022▲ +26%
Tap a bar for its year
Revenue by fiscal year
FY2021$202K
FY2022$254K
FY2023$445K
FY2024$1.0M
FY2025$807K
Expenses
$274K
FY2022▲ +57%
Tap a bar for its year
Expenses by fiscal year
FY2021$175K
FY2022$274K
FY2023$423K
FY2024$484K
FY2025$722K
Net assets
$56K
FY2022▼ -22%
Tap a bar for its year
Net assets by fiscal year
FY2021$72K
FY2022$56K
FY2023$133K
FY2024$663K
FY2025$748K

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

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2016.

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% · $274K

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

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Cornelius Conway’s $77K as Executive Director / Treasurer is at the 68th percentile of top reported officer pay among 2168 $100K–1M 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.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2023FY2021
Cornelius Conway$76,545——
Revita Powell—$25,650$4,460

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Empowers inner-city minorities to overcome socioeconomic barriers.

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Provided by the organization

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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 · FY2025
Total grants receivedfrom 1 funder$250K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$254K
Ln 12
Gifts and grantsLn 1h$254K
Money outPt IX
$274K
Ln 25
Programscol B$274K
Owns and owesPt X
$56K
net assets · Ln 32
Cash and savingsLn 1–2$56K
Total assetsLn 16$56K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$254K
Total revenueLn 12$254K
Assets in detailPt X, end of year
CashLn 1$56K
Cash and savings togetherLn 1–2$56K
Total assetsLn 16$56K
LiabilitiesLn 26$0
Net assetsLn 32$56K
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$72K$56K
Total assetsLn 16$72K$56K
LiabilitiesLn 26$0$0
Net assetsLn 32$72K$56K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$900$900$0$0
Office expensesLn 13$10K$10K$0$0
Information technologyLn 14$6K$6K$0$0
TravelLn 17$9K$9K$0$0
Conferences, conventions and meetingsLn 19$77K$77K$0$0
InsuranceLn 23$6K$6K$0$0
Other expenses (24a–d)Ln 24$163K$163K$0$0
Total functional expensesLn 25$274K$274K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $807K$722K$85K$748K 990 PDF
FY2024 $1.0M$484K$546K$663K 990 PDF
FY2023 $445K$423K$22K$133K 990 PDF
FY2022 Viewing $254K$274K−$20K$56K 990 PDF
FY2021 $202K$175K$27K$72K 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 $254,197 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $201,864$254,197
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $201,864$254,197
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $174,976$273,954
I-18 Total expensesPrior year $174,976$273,954
I-19 Revenue less expensesPrior year $26,888−$19,757
Part VI · Governance 22 of 22 board members independent, 1 to look at
VI-1a Voting members of the governing body22
VI-1b Independent voting members22
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $254,197 across 3 lines filed
VIII-1f All other contributions, gifts and grants$254,197
VIII-1h Total contributions, gifts and grants$254,197
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$254,197
Part IX · Statement of functional expenses $273,954 across 7 lines filed
IX-12 Advertising and promotionPrograms $900 · Management $0 · Fundraising $0$900
IX-13 Office expensesPrograms $10,483 · Management $0 · Fundraising $0$10,483
IX-14 Information technologyPrograms $6,402 · Management $0 · Fundraising $0$6,402
IX-17 TravelPrograms $9,113 · Management $0 · Fundraising $0$9,113
IX-19 Conferences, conventions and meetingsPrograms $77,339 · Management $0 · Fundraising $0$77,339
IX-23 InsurancePrograms $6,342 · Management $0 · Fundraising $0$6,342
IX-24 Other expenses (24a–d)Programs $163,375 · Management $0 · Fundraising $0$163,375
IX-25 Total functional expensesPrograms $273,954 · Management $0 · Fundraising $0$273,954
Part X · Balance sheet $56,056 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $72,321$56,056
X-16 Total assetsStart of year $72,321$56,056
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $72,321$56,056
X-33 Total liabilities and net assetsStart of year $72,321$56,056
Part XI · Reconciliation of net assets $56,056 net assets at year end
XI-1 Total revenue$254,197
XI-2 Total expenses$273,954
XI-3 Revenue less expenses−$19,757
XI-4 Net assets at start of year$72,321
XI-8 Prior period adjustments$3,492
XI-10 Net assets at end of year$56,056

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

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