Nonprofit · EIN 87-2850443
ABUNDANCE CAPITAL
Tax-exempt · GREENVILLE, SC 29617
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $836,532 | $341,896 | $494,636 | $2,336,520 | $1,000 | $2,335,520 |
| December 31, 2023 | 990 | $1,273,010 | $236,643 | $1,036,367 | $1,845,384 | $4,500 | $1,840,884 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $738,189
- Program service revenue
- $43,640
- Investment income
- $54,703
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $185,700
- Salaries, compensation and benefits (total)
- $185,700
- Professional fundraising fees
- $0
- Occupancy
- $8,138
- Travel
- $3,328
- Program services (functional)
- $274,690
- Management and general (functional)
- $67,206
Balance sheet and other
- Total assets, start of year
- $1,845,384
- Total assets, end of year
- $2,336,520
- Total liabilities, end of year
- $1,000
- Net assets, end of year
- $2,335,520
- Net assets without donor restrictions
- $2,028,643
- Net assets with donor restrictions
- $306,877
- Gross receipts
- $836,532
- Employees
- 0
- Volunteers
- 1
- Year formed
- 2021
- State of legal domicile
- SC
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE GATCHELL | CEO/CO-FOUND Officer | 40 | $87,000 |
| MARGARET GIFFORD | CO-FOUNDER Officer | 40 | $87,000 |
| FRANCIE HELLER | BOARD MEMBER Trustee or director | 1 | $0 |
| CRAIG LUNDGREN | BOARD MEMBER Trustee or director | 1 | $0 |
| ERIN OUZTS | BOARD MEMBER Trustee or director | 1 | $0 |
| CARLTON OWEN | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN SIMPKINS | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE GATCHELL | CEO/CO-FOUND Officer | 40 | $78,000 |
| MARGARET GIFFORD | CO-FOUNDER Officer | 40 | $78,000 |
| JEVERTUS BURNETT | BOARD MEMBER Trustee or director | 1 | $0 |
| FRANCIE HELLER | BOARD MEMBER Trustee or director | 1 | $0 |
| CRAIG LUNDGREN | BOARD MEMBER Trustee or director | 1 | $0 |
| CARLTON OWEN | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 121 TRAFALGAR RD, GREENVILLE, SC 29617-2023
- In care of
- % MIKE GATCHELL
- Mailing address (990-N for 2021)
- 121 TRAFALGAR ROAD, GREENVILLE SC 29617
- Principal officer (990 for 2024)
- MIKE GATCHELL, 121 TRAFALGAR ROAD, GREENVILLE, SC 29617
- Principal officer (990-N for 2021)
- MIKE GATCHELL, 121 TRAFALGAR ROAD, GREENVILLE SC 29617
- Signed the 990
- MIKE GATCHELL, CEO/CO-FOUNDER
- Website
- WWW.ABUNDANCECAP.ORG
- Return prepared by
- PHILLIPS CPAS & ADVISORS
Mission
ABUNDANCE CAPITAL IS A NONPROFIT, VENTURE PHILANTHROPY PLATFORM, HELPING CHARITABLE DONORS ACTIVATE PLACE-BASED IMPACT INVESTING, GENERATING INCLUSIVE PROSPERITY AND CREATING SUSTAINABLE LOCAL ECONOMIES.
Program accomplishments
- ABUNDANCE CAPITAL IS A NONPROFIT, VENTURE PHILANTHROPY PLATFORM, HELPING CHARITABLE DONORS ACTIVATE PLACE-BASED IMPACT INVESTING, GENERATING INCLUSIVE PROSPERITY AND CREATING SUSTAINABLE LOCAL ECONOMIES.Expenses $274,690 · revenue $43,640
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-2850443
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T99)
- Assets (IRS master file)
- $2,336,520
- Income (IRS master file)
- $836,532
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $836,532 | $341,896 | $2,336,520 | XML |
| 990 | December 2023 | $1,273,010 | $236,643 | $1,845,384 | XML |
| 990 | December 2022 | $915,256 | $361,150 | $804,517 | IRS |
| 990-N for 2021 Officer: MIKE GATCHELL | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
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 87-2850443).
Questions about ABUNDANCE CAPITAL
- What is the EIN of ABUNDANCE CAPITAL?
- The employer identification number (EIN) of ABUNDANCE CAPITAL is 87-2850443.
- Is ABUNDANCE CAPITAL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to ABUNDANCE CAPITAL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ABUNDANCE CAPITAL 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 ABUNDANCE CAPITAL 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 ABUNDANCE CAPITAL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ABUNDANCE CAPITAL?
- The 990 for the year ended December 31, 2024 names MIKE GATCHELL.
- Who are the officers and directors of ABUNDANCE CAPITAL?
- The 990 for the year ended December 31, 2024 lists 7 people; 2 received compensation from the organization, the highest $87,000 (MIKE GATCHELL, CEO/CO-FOUND).
- How much revenue does ABUNDANCE CAPITAL have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $836,532, expenses of $341,896 and total assets of $2,336,520 at year end.
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