Edina Abc Foundation
- Assets
- $346.4k
- Revenue
- $89.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Edina, MN
- Founding
- 12/1971
- Data as of
- 06/2022
- EIN
- 23-7151499
Organization Overview
Edina Abc Foundation is located in Edina, MN. The organization was established in 1971. 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. As of 06/2022, Edina Abc Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edina Abc 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 06/2022, Edina Abc Foundation generated $89.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $140.1k during the year ending 06/2022. 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
ABC IS A NATIONAL ORGANIZATION DEDICATED TO PROVIDING STRONG EDUCATIONAL OPPORTUNITIES TO STUDENTS OF COLOR. THEIR MISSION IS TO INCREASE SUBSTANITALLY THE NUMBER OF WELL-EDUCATED YOUNG PEOPLE OF COLAR WHO ARE CAPABLE OF ASSUMING POSITIONS OF RESPONSIBLITY AND LEADERSHIP IN AMERICAN SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE A HOME FOR ABC STUDENTS WHO ATTEND EDINA HIGH SCHOOL. SERVICES INCLUDE ALL ROOM, BOARD, TRANSPORTATION, AND OTHER MISCELLANEOUS EDUCATIONAL AND LIVING EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susana Silva Past Executive Director | OfficerTrustee | 40 | $33,604 |
Brandon Mccray-Reeves Past President | OfficerTrustee | 1 | $0 |
Lisa Nelson President | OfficerTrustee | 1 | $0 |
Laura Horton Secretary | OfficerTrustee | 1 | $0 |
Jacob Mccray-Reeves Treasurer | OfficerTrustee | 1 | $0 |
Ann Harens Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,060 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $86,906 |
| Noncash contributions included in lines 1a–1f | $9,427 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,966 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$8,400 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $89,566 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $12,016 |
| Compensation of current officers, directors, key employees. | $2,403 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,401 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,184 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,898 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,017 |
| Office expenses | $1,170 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,134 |
| Insurance | $11,357 |
| All other expenses | $14,046 |
| Total functional expenses | $140,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,875 |
| Savings and temporary cash investments | $1,008 |
| 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 | $2,467 |
| Net Land, buildings, and equipment | $189,070 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $346,420 |
| Accounts payable and accrued expenses | $25,016 |
| 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 | $1,951 |
| Total liabilities | $26,967 |
| Net assets without donor restrictions | $319,453 |
| 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 | $346,420 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Edina Abc Foundation has recieved totaling $28,012.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $18,731 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $8,281 |
Kathy And Tom Miller Family Foundation Eden Prairie, MN PURPOSE: GENERAL OPERATING | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thedacare Family Of Foundations Inc Appleton, WI | $89,256,611 | $25,439,996 |
The Hormel Foundation Austin, MN | $1,540,722,314 | $34,366,937 |
South Dakota Community Foundation Pierre, SD | $805,282,495 | $215,504,617 |
Society Of St Vincent De Paul- Twin Cities Minneapolis, MN | $592,562 | $17,408,500 |
Northland Foundation Duluth, MN | $110,895,270 | $27,913,272 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Hope Gospel Mission Inc Eau Claire, WI | $10,860,307 | $6,194,588 |
Community Foundation Of Johnson Coralville, IA | $45,550,796 | $9,673,780 |
The American Center For Philanthropy Inc Northfield, MN | $38,336,369 | $9,301,432 |
Lyon County Riverboat Foundation Inc Rock Rapids, IA | $2,226,608 | $3,365,358 |
Morgan Memorial Foundation Inc Morgan, MN | $3,017,509 | $3,804,451 |