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Nonprofit · EIN 83-1354743

AB COMMUNITY

Tax-exempt (reinstated) · DURHAM, NC 27705

Financials

$407K$376K2023$415K$444K2024
Revenue Expenses · by fiscal year end
Financials of AB COMMUNITY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$415,290$443,990-$28,700$35,597$35,597$0
December 31, 2023990$406,875$375,854$31,021$63,677$63,677$0
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$15,000
Program service revenue
$400,290
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$110,500
Salaries, compensation and benefits (total)
$118,953
Professional fundraising fees
$0
Occupancy
$31,317
Travel
$14,985
Program services (functional)
$57,008
Management and general (functional)
$386,982

Balance sheet and other

Total assets, start of year
$63,677
Total assets, end of year
$35,597
Total liabilities, end of year
$35,597
Net assets, end of year
$0
Gross receipts
$415,290
Employees
0
Volunteers
0
Year formed
2018
State of legal domicile
NC

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.

NameTitleHours / weekCompensation
Talib Graves-MannsExecutive Director
Trustee or director, Officer
40$0
Lee GrayAssociate Director
Trustee or director
40$0
Richard BrownDirector of Tech
Trustee or director
40$0
Chaucer BarnesBoard Member
Officer
0.25$0
John VerdejoBoard Member
Officer
0.25$0
Dr Shani DailyBoard Member
Officer
0.25$0
Dr Margaret BrunsonBoard Member
Officer
0.25$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
Talib Graves-MannsExecutive Director
Trustee or director, Officer
40$86,875
Lee GrayAssociate Director
Trustee or director
40$54,573
Richard BrownDirector of Tech
Trustee or director
40$46,333
Chaucer BarnesBoard Member
Officer
0.25$0
John VerdejoBoard Member
Officer
0.25$0
Dr Shani DailyBoard Member
Officer
0.25$0
Dr Margaret BrunsonBoard Member
Officer
0.25$0

Address and contacts

Address (IRS master file)
1307 W KNOX ST, DURHAM, NC 27705-4230
In care of
% TALIB GRAVES MANNS
Mailing address (990-N for 2018)
1307 West Knox St, Durham NC 27705
Principal officer (990 for 2024)
TALIB GRAVES-MANNS, 1307 W Knox St, Durham, NC 27705
Principal officer (990-N for 2018)
Talib Graves Manns, 1307 West Knox St, Durham NC 27705
Signed the 990
TALIB GRAVES-MANNS, PRESIDENT
Phone
(919) 381-8076
Return prepared by
Taxko

Mission

Design and Facilitate instruction to educate community stakeholders ( residents and business owners) on community asset creation and asset protection.

990 for the year ended December 31, 2024

Program accomplishments

  • The incumbent worker training program administered by Knox St. Studios in the Triad are of North Carolina has significantly impacted the local workforce. By leveraging Google Certificates in Cyber Security and Digital Marketing, the program has equipped existing employees with critical, in-demand skills, enhancing their career prospects and improving business operations. Additionally, the training for small business owners to manage development contracts has empowered local entrepreneurs with the knowledge and tools to effectively navigate and secure business opportunities, driving economic growth and innovation in the region.
    Expenses $57,008
  • The City of Durhams ARPA-funded program has made significant strides in advancing STEM education for middle and high school students, with a strong emphasis innovation. Supported by Duke Universitys School of Engineering, the initiative has provided students with hands-on learning experiences and access to cutting edge resources, fostering a new generation of innovators. Additionally, the programs successful launch of Techstars Startup Weekends has built a vibrant community around entrepreneurship, encouraging the development of innovative ideas and providing a platform for young entrepreneurs to collaborate and grow.0
  • Knox St. Studios, as a subrecipient of the SBA Community Navigator Program grant, played a crucial role in marketing outreach. This collaboration aims to foster a diverse, equitable, and innovative entrepreneurial ecosystem in Durham by uniting various organizations and grassroot leaders. The project leverages longstanding support from the City of Durham and Durham County, combined with Forward Cities national capacity-building expertise, to create a robust model for connecting the local economy.0

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 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
83-1354743
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
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$35,597
Income (IRS master file)
$415,290

Revocation and reinstatement

Exemption revoked
May 15, 2022
Posted by the IRS
August 8, 2022
Reinstated
Effective May 15, 2022

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$415,290$443,990$35,597XML
990December 2023$406,875$375,854$63,677XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-N for 2018
Officer: Talib Graves Manns
December 31, 2018≤ $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 83-1354743).

Questions about AB COMMUNITY

What is the EIN of AB COMMUNITY?
The employer identification number (EIN) of AB COMMUNITY is 83-1354743.
Is AB COMMUNITY tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2022 and reinstated it effective May 15, 2022.
Are donations to AB COMMUNITY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does AB COMMUNITY 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 COMMUNITY 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 COMMUNITY 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 COMMUNITY?
The 990 for the year ended December 31, 2024 names TALIB GRAVES-MANNS.
Who are the officers and directors of AB COMMUNITY?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does AB COMMUNITY have?
On its 990 for the year ended December 31, 2024 it reported revenue of $415,290, expenses of $443,990 and total assets of $35,597 at year end.

Other nonprofits in DURHAM

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