Nonprofit · EIN 27-5278038
AB FOUNDATION
Tax-exempt · WASHINGTON, DC 20024
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $74,574,500 | $70,499,037 | $4,075,463 | $2,987,769 | $222,362 | $2,765,407 |
| December 31, 2023 | 990 | $6,001,649 | $8,571,260 | -$2,569,611 | $843,650 | $2,153,706 | -$1,310,056 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $74,574,500
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $58,045,000
- Compensation of officers, directors and key employees
- $511,264
- Other salaries and wages
- $2,759,433
- Salaries, compensation and benefits (total)
- $3,799,351
- Professional fundraising fees
- $2,700,000
- Legal fees
- $283,264
- Accounting fees
- $24,259
- Occupancy
- $551,654
- Travel
- $121,081
- Program services (functional)
- $66,803,353
- Management and general (functional)
- $563,462
- Fundraising (functional)
- $3,132,222
Balance sheet and other
- Total assets, start of year
- $843,650
- Total assets, end of year
- $2,987,769
- Total liabilities, end of year
- $222,362
- Net assets, end of year
- $2,765,407
- Net assets without donor restrictions
- $2,604,643
- Net assets with donor restrictions
- $160,764
- Gross receipts
- $74,574,500
- Employees
- 6
- Volunteers
- 7
- Year formed
- 2011
- State of legal domicile
- DC
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CECILE RICHARDS | CHAIR Trustee or director, Officer | 15 | $200,000 | $0 |
| PILAR MARTINEZ | CHIEF FINANCIAL OFFICER Officer | 15 | $178,786 | $0 |
| PATRICK DENNIS | PRESIDENT Officer | 20 | $126,306 | $6,172 |
| TIFFIANY VAUGHN | SR. DIR OF COMMS & NAT'L PRESS Highest-paid employee | 30 | $102,857 | $9,352 |
| CHRIS DERI | DIRECTOR - TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DAVID BENNAHUM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL KEMPER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARISSA MCBRIDE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BARBARA STIEFEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICK STEPHENSBEGAN MAY 2024 | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID BROCK | SENIOR ADVISOR Former | 0 | $300,000 | $0 |
| DEVAL PATRICK | CO-CHAIR, (UNTIL 10/2023) Trustee or director, Officer | 10 | $180,000 | $0 |
| CECILE RICHARDS | CHAIR Trustee or director, Officer | 15 | $179,167 | $0 |
| VAUGH TIFFIANY | SR. DIR OF COMMS & NAT'L PRESS Highest-paid employee | 40 | $117,376 | $9,848 |
| PILAR MARTINEZ | CHIEF FINANCIAL OFFICER Officer | 15 | $102,951 | $0 |
| PATRICK DENNIS | PRESIDENT Officer | 20 | $67,669 | $3,211 |
| TED TRIMPA | SECRETARY, (UNTIL 10/2023) Trustee or director, Officer | 1 | $0 | $0 |
| CHRIS DERI | DIRECTOR - TREASURER Trustee or director | 1 | $0 | $0 |
| DAVID BENNAHUM | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL KEMPER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARISSA MCBRIDE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BARBARA STIEFEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 800 MAINE AVE SW STE 400, WASHINGTON, DC 20024-2995
- Principal officer (990 for 2024)
- PATRICK DENNIS, 800 MAINE AVENUE SW 400, WASHINGTON, DC 20024
- Signed the 990
- PATRICK DENNIS, PRESIDENT
- Phone
- (202) 747-2060
- Website
- WWW.BRIDGEPROJECT.COM
- Return prepared by
- MATTHEWS CARTER & BOYCE
Mission
THE AB FOUNDATION'S MISSION IS TO COMPARE AND CONTRAST PROGRESSIVE AND CONSERVATIVE SOLUTIONS TO AMERICA'S PUBLIC POLICY CONCERNS AND TO EDUCATE THE AMERICAN PEOPLE AND THE NATION'S LEADERS ON THE RESULTS OF THAT RESEARCH.
Program accomplishments
- THE ORGANIZATION ADVOCATED AND RESEARCHED PROGRESSIVE SOLUTIONS TO AMERICA'S PUBLIC POLICY CONCERNS, AND WORKED TO EDUCATE THE AMERICAN PEOPLE AND THE NATION'S LEADERS ON PROGRESSIVE IDEAS.Expenses $66,803,353 · grants $58,045,000
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-5278038
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W05)
- Assets (IRS master file)
- $2,987,769
- Income (IRS master file)
- $74,574,500
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $74,574,500 | $70,499,037 | $2,987,769 | XML |
| 990 | December 2023 | $6,001,649 | $8,571,260 | $843,650 | XML |
| 990 | December 2022 | $20,712,901 | $15,970,417 | $2,407,973 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 27-5278038).
Questions about AB FOUNDATION
- What is the EIN of AB FOUNDATION?
- The employer identification number (EIN) of AB FOUNDATION is 27-5278038.
- Is AB FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2014.
- Are donations to AB FOUNDATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does AB FOUNDATION 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 AB FOUNDATION 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 AB FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AB FOUNDATION?
- The 990 for the year ended December 31, 2024 names PATRICK DENNIS.
- Who are the officers and directors of AB FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 4 received compensation from the organization, the highest $200,000 (CECILE RICHARDS, CHAIR).
- How much revenue does AB FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $74,574,500, expenses of $70,499,037 and total assets of $2,987,769 at year end.
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