Abqid Inc
- Assets
- $459.5k
- Revenue
- $539.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Albuquerque, NM
- Founding
- 01/2016
- Data as of
- 12/2018
- EIN
- 46-5656417
Organization Overview
Abqid Inc is located in Albuquerque, NM. The organization was established in 2016. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2018, Abqid Inc employed 4 individuals. Abqid 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 12/2018, Abqid Inc generated $539.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $592.6k during the year ending 12/2018. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE IN ACTIVITIES THAT WILL PROMOTE ECONOMIC DEVELOPMENT WITH AN EMPHASIS ON DEVELOPING ENTREPRENEURSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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 |
|---|---|---|---|
Tj Cook Executive Director | OfficerTrustee | 40 | $120,000 |
John Mcdermott President | OfficerTrustee | 1 | $0 |
Chris Ziomek Board Secretary | OfficerTrustee | 1 | $0 |
William C Hartman Board Treasurer | OfficerTrustee | 1 | $0 |
Bill Bice Board Member | Trustee | 1 | $0 |
Loraine V Upham Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $393,377 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $442,527 |
| Total Program Service Revenue | $95,364 |
| Investment income | $184 |
| 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 | $539,575 |
| 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. | $120,000 |
| Compensation of current officers, directors, key employees. | $24,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $127,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,751 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,794 |
| Fees for services: Accounting | $49,617 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,590 |
| Advertising and promotion | $18,200 |
| Office expenses | $5,117 |
| Information technology | $32,854 |
| Royalties | $0 |
| Occupancy | $10,422 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,664 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,194 |
| Insurance | $14,230 |
| All other expenses | $515 |
| Total functional expenses | $592,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,197 |
| Savings and temporary cash investments | $172,987 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $189,143 |
| 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 | $10,605 |
| Net Land, buildings, and equipment | $2,153 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,424 |
| Total assets | $459,509 |
| Accounts payable and accrued expenses | $2,549 |
| Grants payable | $0 |
| Deferred revenue | $8,500 |
| 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 | $11,049 |
| Unrestricted restricted net Assets | $448,460 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $448,460 |