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Nonprofit · EIN 27-2813796

ABAC FOUNDATION INC

Tax-exempt (reinstated) · ATLANTA, GA 30355

Financials

$125K$117K2023$149K$169K2024
Revenue Expenses · by fiscal year end
Financials of ABAC FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$148,576$168,861-$20,285$13,372–$13,372
December 31, 2023990-EZ$124,872$116,743$8,129$33,657–$33,657
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$148,576

Expenses

Grants and similar amounts paid
$6,000
Compensation of officers, directors and key employees
$0
Professional fees and payments to contractors
$1,000
Other expenses
$161,861
Program services (functional)
$155,382

Balance sheet and other

Total assets, start of year
$33,657
Total assets, end of year
$13,372
Total liabilities, end of year
–
Net assets, end of year
$13,372
Cash, savings and investments
$13,372
Gross receipts
$148,576

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
SUSAN RUSSEL-ALEXANDERPRESIDENT0$0
DARRYN PERSAUDPAST PRESIDE0$0
ALLY CRABTREETREASURER0$0
ZOIE HASHIMVICE TREASUR0$0
ALLY POSTELLVICE PRESIDE0$0
MONICA HOLLOWAYSECRETARY0$0
990-EZ for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
WAYLON CAWLEYTREASURER0$0
JOEY GANGIPAST PRESIDE0$0
SUSAN RUSSEL-ALEXANDERVICE PRESIDE0$0
DARRYN PERSAUDPRESIDENT0$0
KIRSTEN CHAMPIONCOMMUNICATIO0$0
ALLY CRABTREESECRETARY0$0

Address and contacts

Address (IRS master file)
PO BOX 12105, ATLANTA, GA 30355-2105
Signed the 990-EZ
ALLY CRABTREE, TREASURER
Phone
(816) 217-9400
Return prepared by
ALLIANT CPA GROUP LLC

Mission

ABAC IS A NON-PROFIT ORGANIZATION WHOSE GOALS ARE: TO UNITE RESPONSIBLE PERSONS WHO ARE PROFESSIONALLY ENGAGED IN RADIO, TELEVISION AND OTHER BRODCAST RELATED FIELDS. TO EDUCATE OUR MEMBERS ON CURRENT TOPICS THAT AFFECT BROADCAST MEDIA. TO ENCOURAGE EVER-HIGHER STANDARDS FOR ELECTRONIC ADVERTISING AND FOR THE BROADCAST INDUSTRY IN PERFORMANCE, PUBLIC RESPONSIBILITY AND BUSINESS PRACTICES.

990-EZ for the year ended December 31, 2024

Program accomplishments

  • ALL PROGRAMS PERFORMED FOR THE BENEIFT OF THE CORPORATION, ITS MEMBERS AND GUESTS WITHIN THE MEANING OF CODE SECTION 501 (C) 7.
    Expenses $155,382 · grants $6,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
27-2813796
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2017
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$13,372
Income (IRS master file)
$148,576

Revocation and reinstatement

Exemption revoked
May 15, 2013
Posted by the IRS
August 12, 2013
Reinstated
Effective May 15, 2013

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$148,576$168,861$13,372XML
990-EZDecember 2023$124,872$116,743$33,657XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-2813796).

Questions about ABAC FOUNDATION INC

What is the EIN of ABAC FOUNDATION INC?
The employer identification number (EIN) of ABAC FOUNDATION INC is 27-2813796.
Is ABAC FOUNDATION INC tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2013 and reinstated it effective May 15, 2013.
Are donations to ABAC FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ABAC FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ABAC FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ABAC FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who are the officers and directors of ABAC FOUNDATION INC?
The 990-EZ for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does ABAC FOUNDATION INC have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $148,576, expenses of $168,861 and total assets of $13,372 at year end.

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