Braden Aboud Memorial Foundation
- Assets
- $487.6k
- Revenue
- $208.4k
- Investments
- $0.0
- Employees
- 1
- Location
- El Paso, TX
- Founding
- 08/2007
- Data as of
- 12/2023
- EIN
- 20-8743683
Organization Overview
Braden Aboud Memorial Foundation is located in El Paso, TX. The organization was established in 2007. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Braden Aboud Memorial 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 12/2023, Braden Aboud Memorial Foundation generated $208.4k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $168.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Braden Aboud Memorial Foundation has awarded 25 individual grants totaling $205,344. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVING THE HEALTH AND EDUCATIONAL DEVELOPMENT OF YOUTH IN EL PASO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTANCE PROGRAMS FOR STUDENTS IN THE EL PASO, TEXAS AREA "B STRONG" SHOE GIVEAWAY AWARDS NEW SHOES TO STUDENTS AT SELECTED ELEMENTARY SCHOOLS TO PROMOTE PHYSICAL FITNESS AND CHARACTER ENHANCEMENT. IN 2023, TENNIS SHOES WERE PROVIDED TO 350 STUDENTS AT BERINO ELEMENTARY SCHOOL AND 400 STUDENTS AT SUNRISE ELEMENTARY SCHOOL. "BAGS 2 SCHOOL" BACKPACK GIVEAWAY PROJECT DISTRIBUTES BACKPACKS AND SCHOOL SUPPLIES TO STUDENTS WHO LACK THE FINANCIAL ABILITY TO PURCHASE SUCH ITEMS. DURING 2023, APPROXIMATELY 600 BACKPACKS FULL OF SCHOOL SUPPLIES WERE DISTRIBUTED TO DIFFERENT LOCAL SCHOOLS AND COMMUNITY PROGRAMS.
"B WARM" BLANKET DRIVE, WITH THE HELP OF OVER 30 BUSINESSES, SCHOOLS, AND ORGANIZATIONS, COLLECTED AND DISTRIBUTED NEARLY 3,000 BLANKETS IN EL PASO AREA.
CONTRIBUTIONS TO 36 ORGANIZATIONS IN EL PASO AREA. THE GRANTS WERE PROVIDED FOR YOUTH HEALTH, NUTRITION, EDUCATIONAL AND SPORTS PROGRAMS.
SCHOLARSHIPS FOR HIGHER EDUCATION--INDIVIDUAL AWARDS TO 2 STUDENTS ATTENDING THE UNIVERSITY OF TEXAS AT EL PASO
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary A Aboud President | OfficerTrustee | 5 | $0 |
Cynthia Aboud Vice President/treasurer | OfficerTrustee | 5 | $0 |
Susan Shinaut Asst. Vice President | OfficerTrustee | 5 | $0 |
Randy Shinaut Secretary | OfficerTrustee | 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 | $196,414 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $196,414 |
| Total Program Service Revenue | $0 |
| Investment income | $10,674 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,262 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $208,350 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $44,761 |
| Grants and other assistance to domestic individuals. | $49,862 |
| 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 | $27,596 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,111 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,367 |
| Office expenses | $6,484 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,489 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,154 |
| Insurance | $2,147 |
| All other expenses | $731 |
| Total functional expenses | $168,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,155 |
| Savings and temporary cash investments | $99,915 |
| 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 | $0 |
| Net Land, buildings, and equipment | $7,794 |
| Investments—publicly traded securities | $370,700 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $487,564 |
| Accounts payable and accrued expenses | $1,943 |
| 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 | $1,943 |
| Net assets without donor restrictions | $0 |
| 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 | $485,621 |
| Total liabilities and net assets/fund balances | $487,564 |
Grants Awarded
Over the last fiscal year, Braden Aboud Memorial Foundation has awarded $54,368 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
EL PASO INDEPENDENT SCHOOL DISTRICT-POLK ELEMENTARY SCHOOL PURPOSE: STUDENT EDUCATIONAL AND EXTRACURRICULAR ACTIVITIES | $6,270 |
EL PASO INDEPENDENT SCHOOL DISTRICT-CORONADO HIGH SCHOOL PURPOSE: STUDENT EDUCATIONAL, LEADERSHIP, AND EXTRACURRICULAR ACTIVITIES | $10,942 |
EL PASO INDEPENDENT SCHOOL DISTRICT-FRANKLIN HIGH SCHOOL PURPOSE: STUDENT EDUCATIONAL, LEADERSHIP, AND EXTRACURRICULAR ACTIVITIES | $9,500 |
TEXASTRONG RUNNING CLUB PURPOSE: YOUTH FITNESS AND SPORTING ACTIVITIES | $5,306 |
CITY OF EL PASO PURPOSE: AFTER SCHOOL PROGRAM, PARKS, AND SUMMER SWIM PROGRAM | $7,350 |