Abba Fund Inc
- Assets
- $3.2m
- Revenue
- $671.5k
- Investments
- $2.2m
- Employees
- 10
- Location
- Plano, TX
- Founding
- 04/2004
- Data as of
- 12/2023
- EIN
- 20-0742335
Organization Overview
Abba Fund Inc is located in Plano, TX. The organization was established in 2004. According to its NTEE Classification (P31) the organization is classified as: Adoption, under the broad grouping of Human Services and related organizations. As of 12/2023, Abba Fund Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abba Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Abba Fund Inc generated $671.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $545.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ADOPTION ASSISTANCE FOR FAMILIES AND HELP FOR ORPHANS TO BE CARED FOR IN LOVING, NURTURING CHRISTIAN FAMILY ENVIRONMENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO HELP COUPLES OVERCOME THE FINANCIAL HURDLE AND THE CASH FLOW CRUNCH OF ADOPTION, WE PROVIDE INTEREST-FREE LOANS AND GRANTS. WE ALSO PROVIDE ADMINISTRATION AND AN APPROVAL PROCESS FOR CHURCHES SO THAT THEY CAN BE THE ONE TO HELP THEIR FAMILIES ADOPTING THROUGH 0% LOANS AND GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Henry Director | Trustee | 5 | $0 |
Daniel Labry Director | Trustee | 5 | $0 |
Eugene Allison Chairman | OfficerTrustee | 5 | $0 |
A J Molnar Secretarytreasurer | OfficerTrustee | 15 | $0 |
Dwain Gullion Director | Officer | 32 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $564,244 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $564,244 |
| Total Program Service Revenue | $4,013 |
| Investment income | $101,231 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $671,511 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $300,020 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $137,529 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,000 |
| Payroll taxes | $10,352 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,836 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,910 |
| Fees for services: Other | $2,345 |
| Advertising and promotion | $2,211 |
| Office expenses | $16,899 |
| Information technology | $16,031 |
| Royalties | $0 |
| Occupancy | $5,693 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,283 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $162 |
| Insurance | $2,439 |
| All other expenses | $670 |
| Total functional expenses | $545,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $228,563 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $727,812 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,233,929 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,639 |
| Total assets | $3,202,943 |
| Accounts payable and accrued expenses | $5,615 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $200,000 |
| Total liabilities | $205,615 |
| Net assets without donor restrictions | $1,361,670 |
| Net assets with donor restrictions | $1,635,658 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,202,943 |