Civic Intelligence

Abac Foundation Inc.

990EZ • Fiscal year 2020 • EIN 27-2813796

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 09, 2021

Organization ProfileWWW.ABAC-ONLINE.ORG
PO Box 12105Atlanta, GA 30355

(404) 926-3399

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2020

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2020

Net Margin

9th percentile

-86%

Higher net margin than 9% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

9th percentile

-47%

Faster asset growth than 9% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

4th percentile

-93%

Faster revenue growth than 4% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$8,867

Down $7,818 (-47%) from 2019

Net Assets

Down

$8,867

Down $7,818 (-47%) from 2019

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin9th percentile

Revenue

Down

$9,065

Down $112,920 (-93%) from 2019

Expenses

Down

$16,883

Down $113,402 (-87%) from 2019

Net Income

Up

-$7,818

Up $482 (+5.8%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40K$30K$20K$10K$0Assets 2017: $23,778Net Assets 2017: $23,7782017Assets 2018: $24,985Net Assets 2018: $24,9852018Assets 2019: $16,685Net Assets 2019: $16,6852019Assets 2020: $8,867Net Assets 2020: $8,8672020Assets 2021: $379Net Assets 2021: $3792021Assets 2022: $25,528Net Assets 2022: $25,5282022Assets 2023: $33,657Net Assets 2023: $33,6572023Assets 2024: $13,372Net Assets 2024: $13,3722024

Highlighted filing

2020

Assets$8,867
Liabilities-
Net Assets$8,867
Open 2020 Filing

Operations Trend

Revenue Growth4th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2017: $107,101Expenses 2017: $120,892Net Income 2017: -$13,7912017Revenue 2018: $124,083Expenses 2018: $122,877Net Income 2018: $1,2062018Revenue 2019: $121,985Expenses 2019: $130,285Net Income 2019: -$8,3002019Revenue 2020: $9,065Expenses 2020: $16,883Net Income 2020: -$7,8182020Expenses 2021: $8,4882021Revenue 2022: $107,972Expenses 2022: $82,823Net Income 2022: $25,1492022Revenue 2023: $124,872Expenses 2023: $116,743Net Income 2023: $8,1292023Revenue 2024: $148,576Expenses 2024: $168,861Net Income 2024: -$20,2852024

Highlighted filing

2020

Revenue$9,065
Expenses$16,883
Net Income-$7,818
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 9, 2021
Return Version
2020v4.0
Gross Receipts
$9,065
Mission and Program Overview

Mission

Abac is a non-profit organization whose goals are: to unite responsible persons who are professionally engaged in radio, television and other brodcast related fields. To educate our members on current topics that affect broadcast media. To encourage ever-higher standards for electronic advertising and for the broadcast industry in performance, public responsibility and business practices.

Program Services

DescriptionGrantsExpenses
ALL PROGRAMS PERFORMED FOR THE BENEIFT OF THE CORPORATION, ITS MEMBERS AND GUESTS WITHIN THE MEANING OF CODE SECTION 501 (C) 7.-$16,883
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MAUREEN SULLIVANTreasurer-$0--
JOEY GANGIPast Preside-$0--
ALLY DUNCANPresident-$0--
REBECCA WASSONGVice Preside-$0--
JENNIFER FINESecretary-$0--
Filing and Contact Details

Filer

Filer Name
Abac Foundation Inc
EIN
27-2813796
Address
PO BOX 12105, ATLANTA, GA 30355

Signing Officer

Name
Maureen Sullivan
Title
Treasurer
Phone
4043654425
Signed
2021-11-09
Discuss with paid preparer
Yes

Preparer

Firm
Alliant CPA Group LLC
Address
1395 S MARIETTA PKWY, MARIETTA, GA 30067
Preparer
Jeff E Schwind
Phone
7704231865
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses conferences and meetings 16,883 total 16,883”

Form 990-ez, Part III

“Abac is a non-profit organization whose goals are: to unite responsible persons who are professionally engaged in radio, television and other brodcast related fields. To educate our members on current topics that affect broadcast media. To encourage ever-higher standards for electronic advertising and for the broadcast industry in performance, public responsibility and business practices.”

Raw XML Appendix138 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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CompensationExplanation/CompensationExplanationGrp/PersonNm0MAUREEN SULLIVAN
CompensationExplanation/CompensationExplanationGrp/PersonNm1JOEY GANGI
CompensationExplanation/CompensationExplanationGrp/PersonNm2ALLY DUNCAN
CompensationExplanation/CompensationExplanationGrp/PersonNm3REBECCA WASSONG
CompensationExplanation/CompensationExplanationGrp/PersonNm4JENNIFER FINE
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0MAUREEN SULLIVAN
IRS990EZ/BooksInCareOfDetail/PhoneNum04049263399
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 12105
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0ATLANTA
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0GA
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IRS990EZ/ExcessOrDeficitForYearAmt0-7818
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JOEY GANGI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ALLY DUNCAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3REBECCA WASSONG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4JENNIFER FINE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PAST PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4SECRETARY
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt016883
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0ABAC IS A NON-PROFIT ORGANIZATION WHOSE GOALS ARE: TO UNITE RESPONSIBLE PERSONS WHO ARE PROFESSIONALLY ENGAGED IN RADIO, TELEVISION AND OTHER BRODCAST RELATED FIELDS. TO EDUCATE OUR MEMBERS ON CURRENT TOPICS THAT AFFECT BROADCAST MEDIA. TO ENCOURAGE EVER-HIGHER STANDARDS FOR ELECTRONIC ADVERTISING AND FOR THE BROADCAST INDUSTRY IN PERFORMANCE, PUBLIC RESPONSIBILITY AND BUSINESS PRACTICES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0ALL PROGRAMS PERFORMED FOR THE BENEIFT OF THE CORPORATION, ITS MEMBERS AND GUESTS WITHIN THE MEANING OF CODE SECTION 501 (C) 7.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt016883
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0GA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt016883
IRS990EZ/TotalProgramServiceExpensesAmt016883
IRS990EZ/TotalRevenueAmt09065
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0HTTP://WWW.ABAC-ONLINE.ORG/
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt09065
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0121985
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0124083
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0107101
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0113218
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0475452
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0475452
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt09065
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0121985
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0124083
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0107101
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0113218
IRS990ScheduleA/Total509Grp/TotalAmt0475452
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt09065
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0121985
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0124083
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0107101
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0113218
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0475452
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES CONFERENCES AND MEETINGS 16,883 TOTAL 16,883
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ABAC IS A NON-PROFIT ORGANIZATION WHOSE GOALS ARE: TO UNITE RESPONSIBLE PERSONS WHO ARE PROFESSIONALLY ENGAGED IN RADIO, TELEVISION AND OTHER BRODCAST RELATED FIELDS. TO EDUCATE OUR MEMBERS ON CURRENT TOPICS THAT AFFECT BROADCAST MEDIA. TO ENCOURAGE EVER-HIGHER STANDARDS FOR ELECTRONIC ADVERTISING AND FOR THE BROADCAST INDUSTRY IN PERFORMANCE, PUBLIC RESPONSIBILITY AND BUSINESS PRACTICES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MAUREEN SULLIVAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04043654425
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ABAC FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0ABAC
ReturnHeader/Filer/EIN0272813796
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 12105
ReturnHeader/Filer/USAddress/CityNm0ATLANTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030355
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0412210752
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ALLIANT CPA GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01395 S MARIETTA PKWY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MARIETTA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030067
ReturnHeader/PreparerPersonGrp/PhoneNum07704231865
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFF E SCHWIND
ReturnHeader/ReturnTs02021-11-15T11:58:03-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MAUREEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SILLIVAN
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,867
Liabilities
-
Net assets
$8,867
Revenue
$9,065
Expenses
$16,883
Net income
-$7,818
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.13$0.13$1.49$1.69$0.20
2023Detailed filing. Detailed filing data is available for this year.$0.34$0.34$1.25$1.17$0.08
2022Detailed filing. Detailed filing data is available for this year.$0.26$0.26$1.08$0.83$0.25
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.08
2020Detailed filing. Detailed filing data is available for this year.$0.09$0.09$0.09$0.17$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.17$0.17$1.22$1.30$0.08
2018Detailed filing. Detailed filing data is available for this year.$0.25$0.25$1.24$1.23$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.24$0.24$1.07$1.21$0.14