Abc Institute Inc
- Assets
- $1.4m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Coconut Creek, FL
- Founding
- 01/2013
- Data as of
- 06/2021
- EIN
- 30-0649671
Organization Overview
Abc Institute Inc is located in Coconut Creek, FL. The organization was established in 2013. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abc Institute 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 06/2021, Abc Institute Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $2.1m during the year ending 06/2021. While expenses have increased by 11.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE RECRUIT, EDUCATE, AND TRAIN THE SKILLED WORKFORCE THAT DRIVES THE CONSTRUCTION INDUSTRY FORWARD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ABC INSTITUTE PROVIDES EDUCATIONAL SERVICES TO THE CONSTRUCTION INDUSTRY THROUGH PRE-APPRENTICESHIPS, APPRENTICESHIPS, CRAFT TRAINING, SAFETY EDUCATION, AND MANAGERIAL TRAINING. THESE PROGRAMS INCREASE THE AVAILABILITY OF QUALIFIED WORKERS IN THE CONSTRUCTION INDUSTRY, EDUCATE WORKERS IN THE INDUSTRY ON OSHA SAFETY STANDARDS AND PROCEDURES, AND PROVIDE CONSTRUCTION INDUSTRY MANAGERS WITH THE REQUIRED C.E.U. CREDITS NEEDED FOR LICENSING AND THE TOOLS TO FURTHER THEIR CAREERS IN THE CONSTRUCTION INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Tirado Bod Liaison | Trustee | 40 | $87,776 |
Peter Dyga President & | OfficerTrustee | 14 | $69,357 |
Dennis Lemons Secretary/tr | OfficerTrustee | 0.25 | $0 |
Kevin Kornahrens Director | OfficerTrustee | 0.25 | $0 |
Ron Pearson Chairman | OfficerTrustee | 0.25 | $0 |
Brad Weiss Legal Counse | OfficerTrustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $257,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $162,814 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $420,714 |
| Total Program Service Revenue | $2,190,533 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,611,247 |
| 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 | $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 | $450,844 |
| Pension plan accruals and contributions | $25,132 |
| Other employee benefits | $0 |
| Payroll taxes | $32,753 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,429,969 |
| Advertising and promotion | $0 |
| Office expenses | $32,246 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,917 |
| Travel | $261 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,191 |
| Interest | $7,468 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,626 |
| Insurance | $66,696 |
| All other expenses | $70 |
| Total functional expenses | $2,105,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,162,389 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $151,786 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,557 |
| Prepaid expenses and deferred charges | $7,407 |
| Net Land, buildings, and equipment | $63,184 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,093 |
| Total assets | $1,421,416 |
| Accounts payable and accrued expenses | $163,423 |
| Grants payable | $0 |
| Deferred revenue | $182,842 |
| 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 | $727,773 |
| Other liabilities | $0 |
| Total liabilities | $1,074,038 |
| Net assets without donor restrictions | $347,378 |
| 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 | $1,421,416 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Abc Institute Inc has recieved totaling $5,778.
| Awarding Organization | Amount |
|---|---|
Associated Builders & Contractors Inc Washington, DC PURPOSE: GENERAL SUPPORT | $5,778 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Advanced Technology Ventures Inc Atlanta, GA | $206,195,666 | $20,980,407 |
Galileo School Foundation Inc Sanford, FL | $34,481,901 | $12,247,750 |
Tree Of Knowledge Learning Academy Inc Miami Beach, FL | $8,101,415 | $14,538,092 |
Bridge Prep Academy Of Tampa Inc Miami, FL | $4,019,388 | $14,708,273 |
Alabama Nursing Home Association Education Foundation Montgomery, AL | $40,408,149 | $40,141,575 |
Centennial Place Academy Inc Atlanta, GA | $7,663,078 | $14,548,051 |
Georgia School Boards Association Workers Compensation Fund Lawrenceville, GA | $82,470,003 | $15,076,432 |
Pemayetv Emahakv Inc Hollywood, FL | $6,038,282 | $10,053,886 |
International Charter School Of Atlanta Inc Roswell, GA | $16,008,030 | $10,022,654 |
Gulf Coast Workforce Development Board Inc Panama City, FL | $2,763,305 | $9,285,107 |
Community Action Agency Of South Alabama Daphne, AL | $2,794,375 | $8,517,867 |
Northeast Florida Community Action Agency Inc Jacksonville, FL | $1,884,590 | $8,774,911 |