Civic Intelligence

I Am Abel Foundation

990 • Fiscal year 2024 • EIN 47-4115154

Jan 01, 2024 to Dec 31, 2024 • Filed on Mar 28, 2025

Organization ProfileWWW.IAMABEL.ORG
3721 LismoreFlossmoor, IL 60422

(800) 600-6959

Siviq Scores

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

Liabilities / Assets

36th percentile

0.02x

Higher debt load relative to assets than 36% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

29th percentile

0.01x

Higher debt load relative to revenue than 29% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

90th percentile

53%

Higher net margin than 90% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

99th percentile

406%

Faster asset growth than 99% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

93rd percentile

131%

Faster revenue growth than 93% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets36th percentile

Assets

Up

$673,980

Up $540,830 (+406%) from 2023

Net Assets

Up

$663,292

Up $530,142 (+398%) from 2023

Liabilities

Up

$10,688

Up $10,688 from 2023

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin90th percentile

Revenue

Up

$1,029,257

Up $583,790 (+131%) from 2023

Expenses

Up

$483,702

Up $60,681 (+14%) from 2023

Net Income

Up

$545,555

Up $523,109 (+2331%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$800K$600K$400K$200K$0Assets 2018: $6,135Liabilities 2018: $4002018Assets 2019: $14,101Liabilities 2019: $02019Assets 2020: $52,180Liabilities 2020: $02020Assets 2021: $72,321Liabilities 2021: $0Net Assets 2021: $72,3212021Assets 2022: $56,056Liabilities 2022: $0Net Assets 2022: $56,0562022Assets 2023: $133,150Liabilities 2023: $0Net Assets 2023: $133,1502023Assets 2024: $673,980Liabilities 2024: $10,688Net Assets 2024: $663,2922024Assets 2025: $785,934Liabilities 2025: $37,692Net Assets 2025: $748,2422025

Highlighted filing

2024

Assets$673,980
Liabilities$10,688
Net Assets$663,292
Open 2024 Filing

Operations Trend

Revenue Growth93rd percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2018: $30,715Expenses 2018: $28,604Net Income 2018: $2,1112018Revenue 2019: $73,853Expenses 2019: $65,887Net Income 2019: $7,9662019Revenue 2020: $100,703Expenses 2020: $62,624Net Income 2020: $38,0792020Revenue 2021: $201,864Expenses 2021: $174,976Net Income 2021: $26,8882021Revenue 2022: $254,197Expenses 2022: $273,954Net Income 2022: -$19,7572022Revenue 2023: $445,467Expenses 2023: $423,021Net Income 2023: $22,4462023Revenue 2024: $1,029,257Expenses 2024: $483,702Net Income 2024: $545,5552024Revenue 2025: $806,870Expenses 2025: $721,920Net Income 2025: $84,9502025

Highlighted filing

2024

Revenue$1,029,257
Expenses$483,702
Net Income$545,555
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 28, 2025
Return Version
2024v5.1
Gross Receipts
$1,029,257
Mission and Program Overview

Mission

Preparing future physicians and physician scientist to advance equitable healthcare access.

Bridge socioeconomic gaps amongst inner-city minorities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$133,150$673,951▲ $540,801
Rtn Earn Endowment Incm Other Fnds$133,150$663,292▲ $530,142
Savings and Temporary Cash Investments-$29-
Total Assets$133,150$673,980▲ $540,830
Liabilities
Accounts Payable and Accrued Expenses-$10,688-
Total Liabilities$0$10,688▲ $10,688
Net Assets / Fund Balance
Total Net Assets Fund Balance$133,150$663,292▲ $530,142
Total Liabilities and Net Assets / Fund Balance$133,150$673,980▲ $540,830
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Dr L ConwayPresident
Revita PowellFoundation Manager
Trena BurkeSecretary
Jamain JenkinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,029,257
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$529,257
Change in Net Assets
$545,555
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$440,378
Salaries, Compensation, and Employee Benefits$43,324
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$191,149$0$0$191,149
Other Expenses$108,200$0$0$108,200
Other Salaries and Wages$43,324$0$0$43,324
Information Technology$37,990$0$0$37,990
Fees for Services Accounting$29,829$0$0$29,829
Office Expenses$9,980$0$0$9,980
Total Functional Expenses$483,702$0$0$483,702
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
I Am Abel Foundation
EIN
47-4115154
Phone
8006006959
Address
3721 Lismore, Flossmoor, IL 60422

Signing Officer

Name
Dr LaMenta Conway
Title
President
Phone
8006006959
Signed
2025-03-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
LaMenta Conway
Formed
2015
Legal Domicile
Il
Voting Board Members
22
Independent Board Members
22
Employees
0
Volunteers
30

Preparer

Firm
Stephen A Betts & Associates
Address
8213 S Richmond St, Chicago, IL 60652
Preparer
Stephen A Betts
Phone
7735900622
Supplemental Narrative

Additional Explanations

Pt VI, Line 19

“The organization made its governing documents, conflict of interest policy, and financial statements available to the public at every board meeting throughout the tax year.”

Pt VI, Line 12C

“The organizations written conflict of interest policy is regularly and consistently monitored and compliance with the policy is enforced by all Officers and Board Members in a variety of methods and best ptactices.”

Pt VI, Line 11B

“A complete copy of this Form 990 is provided to all members of its governing body before filing the form and questions are answered and explanations provided by the appropriate board members.”

Raw XML Appendix324 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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ReturnHeader/PreparerPersonGrp/PhoneNum07735900622
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Stephen A Betts
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-04-04T07:57:55-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$673,980
Liabilities
$10,688
Net assets
$663,292
Revenue
$1,029,257
Expenses
$483,702
Net income
$545,555
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.79$0.04$0.75$0.81$0.72$0.08
2024Detailed filing. Detailed filing data is available for this year.$0.67$0.01$0.66$1.03$0.48$0.55
2023Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$0.45$0.42$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$0.25$0.27$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.20$0.17$0.03
2020Summary only. Only limited summary data is available for this year.$0.05$0.00$0.10$0.06$0.04
2019Summary only. Only limited summary data is available for this year.$0.01$0.00$0.07$0.07$0.01
2018Summary only. Only limited summary data is available for this year.$0.01$0.00$0.03$0.03$0.00