Abundant Center
- Assets
- $557.9k
- Revenue
- $162.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Fremont, CA
- Founding
- 01/2013
- Data as of
- 09/2023
- EIN
- 46-1303636
Organization Overview
Abundant Center is located in Fremont, CA. The organization was established in 2013. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, 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 Center 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 09/2023, Abundant Center generated $162.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $46.7k during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL SUPPORT AND PROFESSIONAL DEVELOPMENT TO THE POOR, DISADVANTAGED, AND SPIRITUALLY BROKEN; AND BRING FORTH INNER ABUNDANCE THROUGH CHARACTER TRAINING PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARACTER TRAINING PROGRAMS. BUSINESS ETHICS AND CAREER PLANNING CLASSES TO AROUND 1,200 UNIVERSITY STUDENTS IN 8 WEEKS. TWICE A WEEK CHARACTER BUILDING CLASSES FOR STUDENTS GROUPS THAT ARE AROUND 20-30 IN SIZE AND AGES 4-18. 10-14 ONLINE / PHONE / FACE-TO-FACE COUNSELINGS IN LOCAL COMMUNITY PER WEEK.
CHARITABLE DONATIONS TO CHARITABLE, NON-PROFIT ORGANIZATIONS THAT HAVE SIMILAR EXEMPT PURPOSES AND PROGRAMS AS OURS; $7,800 WENT TO POTTER'S ACADEMY IN RURAL KENYA TO SUPPORT 26 EXTREMELY POOR STUDENTS WITH THEIR TUITION, FOOD, TRANSPORTATION, THEIR LOCAL TEACHER'S SALARY, AS WELL AS THE SCHOOL'S BUDGET SHORTFALLS WITH FOOD VENDORS DUE TO INFLATION. THE REMAINDER WENT TO SEVERAL VARIOUS DOMESTIC NON-PROFITS.
VOLUNTEER RECRUITING TO HELP SERVE POOR, DISADVANTAGED STUDENTS. RECRUITED 9 INTERNATIONAL VOLUNTEERS TO SUPPORT BLIND, MINORITY AND DISADVANTAGED STUDENTS IN GUIZHOU, CHINA. LOCALLY, RECRUITED 17 VOLUNTEERS AND PLACED THEM IN LOCAL CHARITIES THAT EDUCATE CHILDREN WITH AUTISM, ADD, ADHD, AND OTHER LEARNING DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fan Lu President And Board Of Director | OfficerTrustee | 16 | $0 |
Allen Lee Treasurer And Board Of Director | OfficerTrustee | 6 | $0 |
Stanley Wang Board Of Director | Trustee | 1 | $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 | $131,275 |
| Noncash contributions included in lines 1a–1f | $6,892 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,275 |
| Total Program Service Revenue | $0 |
| Investment income | $391 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,800 |
| Net Gain/Loss on Asset Sales | $1,845 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $162,311 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,550 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $7,800 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Office expenses | $136 |
| Information technology | $125 |
| Royalties | $0 |
| Occupancy | $14,547 |
| Travel | $264 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $903 |
| Interest | $4,913 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,410 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $46,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,952 |
| Savings and temporary cash investments | $12,406 |
| 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 | $526,575 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $557,933 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $557,933 |
| Total liabilities and net assets/fund balances | $557,933 |