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Nonprofit · EIN 47-2880866

ABSOLUTE DEVELOPMENT AND EXCHANGE FOUNDATION

Tax-exempt · BRIDGEWATER, NJ 08807

Financials

$152K$116K2023$128K$89K2024
Revenue Expenses · by fiscal year end
Financials of ABSOLUTE DEVELOPMENT AND EXCHANGE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$127,853$88,866$38,987$77,932–$77,932
December 31, 2023990-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.

NameTitleHours / weekCompensation
GARY LUCHAIRMAN0$0
DONALD ANTHONYVICE CHAIRMAN0$0
AMANDA RONNINGSECRETARY0$0
990-EZ for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
GARY LUCHAIRMAN0$0
DONALD ANTHONYVICE CHAIRMAN0$0
AMANDA RONNINGSECRETARY0$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

990-EZ for the year ended December 31, 2024

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-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

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$127,853$88,866$77,932IRS
990-EZDecember 2023$152,382$115,994$38,945XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 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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