I Am Abel Foundation FY2023 filing

Tax-deductible

Flossmoor, IL501(c)(3)Human ServicesEIN 47-4115154Revenue $445K in FY2023

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.
$26K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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
Pay to officers and key staff
$26K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
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
$445K
+75% vs prior year
Spent
$423K
To programs
100%
Net assets
$133K
By yearFY2021–FY2025
Revenue
$445K
FY2023▲ +75%
Tap a bar for its year
Revenue by fiscal year
FY2021$202K
FY2022$254K
FY2023$445K
FY2024$1.0M
FY2025$807K
Expenses
$423K
FY2023▲ +54%
Tap a bar for its year
Expenses by fiscal year
FY2021$175K
FY2022$274K
FY2023$423K
FY2024$484K
FY2025$722K
Net assets
$133K
FY2023▲ +138%
Tap a bar for its year
Net assets by fiscal year
FY2021$72K
FY2022$56K
FY2023$133K
FY2024$663K
FY2025$748K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 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% · $423K

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

4 people listed on the 990; $26K paid to officers and key staff.

Part VII, Section A · reportable compensation
Foundation Manager
$25,650Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$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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1 program · $423K · in their own filed words · FY2023
01

Corporate and sponsorship contribuitons we received allowed the Foundation to pay one of our Board Members to serve as Media Event Manager. Also, with the same donations received, the Foundation was able to bring former mentees/students that had successfully completed the program to serve as MCAT Instructors, Coaches, and Tutors.

$423Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$250K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$445K
Ln 12
Gifts and grantsLn 1h$445K
Money outPt IX
$423K
Ln 25
Programscol B$423K
Owns and owesPt X
$133K
net assets · Ln 32
Cash and savingsLn 1–2$133K
Total assetsLn 16$133K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$445K
Government grantsLn 1e$257K
Total revenueLn 12$445K
Assets in detailPt X, end of year
CashLn 1$133K
Cash and savings togetherLn 1–2$133K
Total assetsLn 16$133K
LiabilitiesLn 26$0
Net assetsLn 32$133K
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$56K$133K
Total assetsLn 16$56K$133K
LiabilitiesLn 26$0$0
Net assetsLn 32$56K$133K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$26K$26K$0$0
Accounting feesLn 11c$2K$2K$0$0
Other fees for servicesLn 11g$681$681$0$0
Advertising and promotionLn 12$704$704$0$0
Office expensesLn 13$10K$10K$0$0
Information technologyLn 14$7K$7K$0$0
Conferences, conventions and meetingsLn 19$228K$228K$0$0
InsuranceLn 23$2K$2K$0$0
Other expenses (24a–d)Ln 24$147K$147K$0$0
Total functional expensesLn 25$423K$423K$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 Viewing $445K$423K$22K$133K 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $445,467 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $254,197$445,467
I-9 Program service revenuePrior year $0$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $254,197$445,467
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$25,650
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $273,954$397,371
I-18 Total expensesPrior year $273,954$423,021
I-19 Revenue less expensesPrior year −$19,757$22,446
Part VI · Governance 22 of 22 board members independent, 2 to look at
VI-1a Voting members of the governing body22
VI-1b Independent voting members22
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-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $445,467 across 4 lines filed
VIII-1e Government grants$256,800
VIII-1f All other contributions, gifts and grants$188,667
VIII-1h Total contributions, gifts and grants$445,467
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$445,467
Part IX · Statement of functional expenses $423,021 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $25,650 · Management $0 · Fundraising $0$25,650
IX-11c Accounting feesPrograms $2,419 · Management $0 · Fundraising $0$2,419
IX-11g Other fees for servicesPrograms $681 · Management $0 · Fundraising $0$681
IX-12 Advertising and promotionPrograms $704 · Management $0 · Fundraising $0$704
IX-13 Office expensesPrograms $10,177 · Management $0 · Fundraising $0$10,177
IX-14 Information technologyPrograms $6,600 · Management $0 · Fundraising $0$6,600
IX-19 Conferences, conventions and meetingsPrograms $227,953 · Management $0 · Fundraising $0$227,953
IX-23 InsurancePrograms $1,996 · Management $0 · Fundraising $0$1,996
IX-24 Other expenses (24a–d)Programs $146,841 · Management $0 · Fundraising $0$146,841
IX-25 Total functional expensesPrograms $423,021 · Management $0 · Fundraising $0$423,021
Part X · Balance sheet $133,150 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $56,056$133,150
X-16 Total assetsStart of year $56,056$133,150
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $56,056$133,150
X-33 Total liabilities and net assetsStart of year $56,056$133,150
Part XI · Reconciliation of net assets $133,150 net assets at year end
XI-1 Total revenue$445,467
XI-2 Total expenses$423,021
XI-3 Revenue less expenses$22,446
XI-4 Net assets at start of year$56,056
XI-8 Prior period adjustments$54,648
XI-10 Net assets at end of year$133,150

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

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