Nonprofit · EIN 27-2813796
ABAC FOUNDATION INC
Tax-exempt (reinstated) · ATLANTA, GA 30355
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $148,576 | $168,861 | -$20,285 | $13,372 | – | $13,372 |
| December 31, 2023 | 990-EZ | $124,872 | $116,743 | $8,129 | $33,657 | – | $33,657 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $148,576
Expenses
- Grants and similar amounts paid
- $6,000
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $1,000
- Other expenses
- $161,861
- Program services (functional)
- $155,382
Balance sheet and other
- Total assets, start of year
- $33,657
- Total assets, end of year
- $13,372
- Total liabilities, end of year
- –
- Net assets, end of year
- $13,372
- Cash, savings and investments
- $13,372
- Gross receipts
- $148,576
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUSAN RUSSEL-ALEXANDER | PRESIDENT | 0 | $0 |
| DARRYN PERSAUD | PAST PRESIDE | 0 | $0 |
| ALLY CRABTREE | TREASURER | 0 | $0 |
| ZOIE HASHIM | VICE TREASUR | 0 | $0 |
| ALLY POSTELL | VICE PRESIDE | 0 | $0 |
| MONICA HOLLOWAY | SECRETARY | 0 | $0 |
990-EZ for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WAYLON CAWLEY | TREASURER | 0 | $0 |
| JOEY GANGI | PAST PRESIDE | 0 | $0 |
| SUSAN RUSSEL-ALEXANDER | VICE PRESIDE | 0 | $0 |
| DARRYN PERSAUD | PRESIDENT | 0 | $0 |
| KIRSTEN CHAMPION | COMMUNICATIO | 0 | $0 |
| ALLY CRABTREE | SECRETARY | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 12105, ATLANTA, GA 30355-2105
- Signed the 990-EZ
- ALLY CRABTREE, TREASURER
- Phone
- (816) 217-9400
- Website
- HTTP://WWW.ABAC-ONLINE.ORG/
- Return prepared by
- ALLIANT CPA GROUP LLC
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 accomplishments
- ALL PROGRAMS PERFORMED FOR THE BENEIFT OF THE CORPORATION, ITS MEMBERS AND GUESTS WITHIN THE MEANING OF CODE SECTION 501 (C) 7.Expenses $155,382 · grants $6,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 27-2813796
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $13,372
- Income (IRS master file)
- $148,576
Revocation and reinstatement
- Exemption revoked
- May 15, 2013
- Posted by the IRS
- August 12, 2013
- Reinstated
- Effective May 15, 2013
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $148,576 | $168,861 | $13,372 | XML |
| 990-EZ | December 2023 | $124,872 | $116,743 | $33,657 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about ABAC FOUNDATION INC
- What is the EIN of ABAC FOUNDATION INC?
- The employer identification number (EIN) of ABAC FOUNDATION INC is 27-2813796.
- Is ABAC FOUNDATION INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2013 and reinstated it effective May 15, 2013.
- Are donations to ABAC FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ABAC FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ABAC FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ABAC FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of ABAC FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does ABAC FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $148,576, expenses of $168,861 and total assets of $13,372 at year end.
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