Civic Intelligence

Abac Foundation Inc.

990EZ • Fiscal year 2023 • EIN 27-2813796

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

PO Box 12105Atlanta, GA 30355

(706) 755-5766

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 2023

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2023

Net Margin

56th percentile

6.5%

Higher net margin than 56% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

80th percentile

32%

Faster asset growth than 80% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

62nd percentile

16%

Faster revenue growth than 62% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$33,657

Up $8,129 (+32%) from 2022

Net Assets

Up

$33,657

Up $8,129 (+32%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$124,872

Up $16,900 (+16%) from 2022

Expenses

Up

$116,743

Up $33,920 (+41%) from 2022

Net Income

Down

$8,129

Down $17,020 (-68%) from 2022

Historical Trend

Balance Sheet Trend

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

2023

Assets$33,657
Liabilities-
Net Assets$33,657

Operations Trend

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

2023

Revenue$124,872
Expenses$116,743
Net Income$8,129
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.0
Gross Receipts
$124,872
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.-$108,476
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
WAYLON CAWLEYTreasurer-$0--
JOEY GANGIPast Preside-$0--
SUSAN RUSSEL-ALEXANDERVice Preside-$0--
DARRYN PERSAUDPresident-$0--
KIRSTEN CHAMPIONCommunicatio-$0--
ALLY CRABTREESecretary-$0--
Filing and Contact Details

Filer

Filer Name
Abac Foundation Inc
EIN
27-2813796
Phone
7067555766
Address
PO BOX 12105, ATLANTA, GA 30355

Signing Officer

Name
Waylon Cawley
Title
Treasurer
Phone
7067555766
Signed
2024-11-15
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 marketing 7,661 office supplies 524 conferences and meetings 100,815 insurance 614 bank charges 5,969 ga sos 60 total 115,643

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.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES MARKETING 7,661 OFFICE SUPPLIES 524 CONFERENCES AND MEETINGS 100,815 INSURANCE 614 BANK CHARGES 5,969 GA SOS 60 TOTAL 115,643
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.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
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ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2023 filings • 501(c)3 • <$500k nonprofits