Abac Foundation Inc

Abac Foundation Inc is a United States nonprofit organization, categorized under Educational Institutions and Related Activities, particularly focusing on scholarships and student financial aid services. Donations to this organization are tax-deductible.

Purpose and Mission

The foundation's specific mission and purpose are aligned with supporting educational initiatives, although detailed information on its objectives is not readily available. Generally, organizations like Abac Foundation Inc are established to support various educational activities and charitable causes.

Financial Overview

As of the most recent available financial data for 2023, Abac Foundation Inc reported a revenue of $125,000 and expenses totaling $117,000. The organization's total assets stood at $33,700, with no liabilities recorded [1]. In previous years, contributions have been the primary source of revenue, indicating a reliance on donations for operational funding.

Leadership and Governance

Key individuals involved in the foundation include Joey Gangi as President, Will Gibson as Vice President, Rob Nowak as Secretary, and Kady Owen as Treasurer. These positions are noted as not receiving compensation [1]. However, detailed information about the current board members or governance practices is limited.

Activities

While specific activities or programs conducted by Abac Foundation Inc are not detailed in available sources, similar educational foundations typically engage in scholarship awarding, educational support, and fundraising activities to achieve their mission.

[1] https://projects.propublica.org/nonprofits/organizations/272813796 [2] https://catalog.abac.edu/general-information [3] https://www.guidestar.org/profile/80-0372940 [4] https://catalog.abac.edu/financialaid/foundationscholarships [5] https://www.instrumentl.com/990-report/abac-advancement-foundation-inc