Nonprofit · EIN 47-2880866
ABSOLUTE DEVELOPMENT AND EXCHANGE FOUNDATION
Tax-exempt · BRIDGEWATER, NJ 08807
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $127,853 | $88,866 | $38,987 | $77,932 | – | $77,932 |
| December 31, 2023 | 990-EZ | $152,382 | $115,994 | $36,388 | $38,945 | – | $38,945 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $127,853
- Program service revenue
- $0
- Investment income
- $0
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $2,600
- Other expenses
- $86,266
- Program services (functional)
- $127,853
Balance sheet and other
- Total assets, start of year
- $38,945
- Total assets, end of year
- $77,932
- Total liabilities, end of year
- –
- Net assets, end of year
- $77,932
- Cash, savings and investments
- $77,932
- Gross receipts
- $127,853
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 |
|---|---|---|---|
| GARY LU | CHAIRMAN | 0 | $0 |
| DONALD ANTHONY | VICE CHAIRMAN | 0 | $0 |
| AMANDA RONNING | SECRETARY | 0 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY LU | CHAIRMAN | 0 | $0 |
| DONALD ANTHONY | VICE CHAIRMAN | 0 | $0 |
| AMANDA RONNING | SECRETARY | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 28 CHIMNEY ROCK RD, BRIDGEWATER, NJ 08807-0000
- In care of
- % GARY LU
- Mailing address (990-N for 2014)
- 28 CHIMNEY ROCK RD, BRIDGEWATER NJ 08807
- Principal officer (990-N for 2014)
- GARY LU, 1031 US 22 WEST Room/Suite 205, BRIDGEWATER NJ 08807
- Signed the 990-EZ
- GARY LU, CHAIRMAN
- Phone
- (732) 868-5151
- Return prepared by
- Daniel Ng PLLC
Mission
THIS FOUNDATION IS PROMOTING SPORT OF FENCING
Program accomplishments
- BY SUPPORTING AND DEVELOPING U.S. FENCING ATHLETES, COACHES, REFEREES, ANDTHE SPORT OVERALL TO ENSURE THE RESOURCES NECESSARY ARE MADE AVAILABLE TOPARTICIPATE FULLY IN THE FENCING MOVEMENT BOTH IN THE USA AND ABROAD.Expenses $127,853 · grants $127,853
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
- 47-2880866
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $77,932
- Income (IRS master file)
- $127,853
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $127,853 | $88,866 | $77,932 | IRS |
| 990-EZ | December 2023 | $152,382 | $115,994 | $38,945 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2014 Officer: GARY LU | December 31, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
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 47-2880866).
Questions about ABSOLUTE DEVELOPMENT AND EXCHANGE FOUNDATION
- What is the EIN of ABSOLUTE DEVELOPMENT AND EXCHANGE FOUNDATION?
- The employer identification number (EIN) of ABSOLUTE DEVELOPMENT AND EXCHANGE FOUNDATION is 47-2880866.
- Is ABSOLUTE DEVELOPMENT AND EXCHANGE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to ABSOLUTE DEVELOPMENT AND EXCHANGE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ABSOLUTE DEVELOPMENT AND EXCHANGE 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 ABSOLUTE DEVELOPMENT AND EXCHANGE 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 ABSOLUTE DEVELOPMENT AND EXCHANGE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of ABSOLUTE DEVELOPMENT AND EXCHANGE FOUNDATION?
- The 990-N for 2014 names GARY LU.
- Who are the officers and directors of ABSOLUTE DEVELOPMENT AND EXCHANGE FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does ABSOLUTE DEVELOPMENT AND EXCHANGE FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $127,853, expenses of $88,866 and total assets of $77,932 at year end.
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