Nonprofit · EIN 81-1120403
ABAKO FOUNDATION
Tax-exempt · CARLSBAD, CA 92011
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $19,653 | $89,638 | -$69,985 | $543,489 | $5,018 | $538,471 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $19,648
- Interest
- $5
Expenses
- Grants and similar amounts paid
- $31,211
- Disbursements for charitable purposes
- $31,211
- Excise tax on investment income
- $273
Balance sheet and other
- Total assets, start of year
- $649,438
- Total assets, end of year
- $543,489
- Total liabilities, end of year
- $5,018
- Net assets, end of year
- $538,471
- Fair market value of assets
- $746,219
- Qualifying distributions
- $31,211
- Net investment income
- $19,653
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LETICIA BANKS 951 Hawthorne Ct, San Marcos, CA 92078 | President | 12 | $0 |
| PAUL BANKS 951 Hawthorne Ct, San Marcos, CA 92078 | Board Member | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 7040 AVENIDA ENCINAS 104 STE STE 12, CARLSBAD, CA 92011-0000
- In care of
- % LETICIA BANKS
- Signed the 990-PF
- LETICIA BANKS, President
- Phone
- (619) 693-6561
- Return prepared by
- A&I ACCOUNTING SERVICES
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 81-1120403
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $543,489
- Income (IRS master file)
- $19,653
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | – | – | – | IRS |
| 990-PF | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $17,595 | $186,754 | $684,703 | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | 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 ABAKO FOUNDATION
- What is the EIN of ABAKO FOUNDATION?
- The employer identification number (EIN) of ABAKO FOUNDATION is 81-1120403.
- Is ABAKO FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to ABAKO FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does ABAKO FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ABAKO FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ABAKO FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of ABAKO FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does ABAKO FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $19,653, expenses of $89,638 and total assets of $543,489 at year end.
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