Abundant Life Foundation
- Assets
- $3.4m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 1
- Location
- Austin, TX
- Founding
- 08/2007
- Data as of
- 12/2022
- EIN
- 20-5942304
Organization Overview
Abundant Life Foundation is located in Austin, TX. The organization was established in 2007. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abundant Life Foundation 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 12/2022, Abundant Life Foundation generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 39.4% each year . All expenses for the organization totaled $536.5k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE CREATE OPPORTUNITIES FOR HONDURANS TO TRANSFORM THEIR LIVES THROUGH EDUCATION AND COMMUNITY DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SEEKS TO SUPPORT THE BAY ISLANDS OF HONDURAS, PARTICULARLY THE ISLAND OF ROATAN, THROUGH DIGNIFIED AFFORDABLE HOUSING AND EDUCATIONAL OPPORTUNITIES. WE EMPOWER INDIVIDUALS AND FAMILIES TO ACHIEVE THEIR HIGHEST POTENTIAL BY PROVIDING HOLISTIC OPPORTUNITIES TO DEVELOP PERSONALLY, INTELLECTUALLY, PHYSICALLY, FINANCIALLY, AND SOCIALLY. WE DELIVER OUR SERVICES VIA AN INTENTIONAL AFFORDABLE HOUSING COMMUNITY WITH AMENITIES SUCH AS A PARK, LIBRARY, SCHOOL, CHURCH AND GREEN SPACES, OFFERING RESIDENTS OPPORTUNITIES TO ACTIVELY PARTICIPATE IN THE FORMATION OF THEIR COMMUNITIES' VALUES AND PRACTICES THROUGH MEMBERSHIP IN AN HOA. WE ALSO PROVIDE THE BROADER COMMUNITY WITH ACCESS TO OUR HOA AMENITIES AND ADDITIONAL EDUCATIONAL ACTIVITIES, INCLUDING PROVISION OF SCHOLARSHIPS, SCHOOL SUPPLIES, LEADERSHIP TRAINING, LITERACY EDUCATION AND ACCESS TO BOOKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Dachner President | OfficerTrustee | 20 | $0 |
Brenda Dachner Chair | OfficerTrustee | 10 | $0 |
Himber Villareal Treasurer | Trustee | 5 | $0 |
Evette Mock-Hernandez Director - Retired Aug 2022 | Trustee | 5 | $0 |
Dane Zaslaw Director - Retired Aug 2022 | Trustee | 5 | $0 |
Taylor Mcdowell Director - Resigned In Oct 2022 | Trustee | 5 | $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 | $2,520,029 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,520,029 |
| Total Program Service Revenue | $0 |
| Investment income | $18,224 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $63,766 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,373 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,594,646 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $388,887 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,056 |
| Compensation of current officers, directors, key employees. | $42,528 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,596 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,972 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,725 |
| Advertising and promotion | $18,370 |
| Office expenses | $7,166 |
| Information technology | $7,444 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,841 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,274 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76 |
| Insurance | $1,084 |
| All other expenses | $0 |
| Total functional expenses | $536,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,619 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,567 |
| Net Land, buildings, and equipment | $1,659 |
| Investments—publicly traded securities | $2,332,301 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $889,498 |
| Other assets | $0 |
| Total assets | $3,398,644 |
| Accounts payable and accrued expenses | $9,722 |
| 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 | $0 |
| Total liabilities | $9,722 |
| Net assets without donor restrictions | $3,388,922 |
| Net assets with donor restrictions | $0 |
| 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 | $3,398,644 |