Abyssinian Fund Inc
- Assets
- $15.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2010
- Data as of
- 12/2020
- EIN
- 27-0736516
Organization Overview
Abyssinian Fund Inc is located in New York, NY. The organization was established in 2010. According to its NTEE Classification (Q31) the organization is classified as: International Agricultural Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abyssinian 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 12/2020, Abyssinian Fund Inc generated $5.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (31.8%) each year. All expenses for the organization totaled $13.6k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (26.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
ABYSSINIAN FUNDS PROGRAMS WERE DORMANT IN 2020 DUE TO COVID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Itang Young Executive Director | 20 | $0 | |
Rev Calvin O Butts III Chairman | 0.5 | $0 | |
Dianne Young Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,575 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $5,575 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $11,767 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,856 |
| Total expenses | $13,623 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,641 |
| Other assets | $0 |
| Total assets | $15,641 |
| Total liabilities | $27,833 |
| Net assets or fund balances | -$12,192 |