ABACO FOUNDATION: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
ABACO FOUNDATION (EIN 84-3417263)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-12-23
IRS object ID
202443589349300419
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-12-23T12:00:18-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN593178204PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HOWARD HOWARD AND HODGESBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1720 RODEL COVEAddressLine1Txt
CityLAKE MARYCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32746ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN843417263EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ABACO FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlABACBusinessNameControlTxt
Phone4079268710PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12900 EAST ROBINSON STREETAddressLine1Txt
CityORLANDOCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32803ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOHN PINDERPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone4079268710PhoneNum
Signature2024-12-11SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDANA R MCBROOM CPAPreparerPersonNm
PTINP00140716PTIN
Phone4073338110PhoneNum
Preparation2024-12-11PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Name ChangeYes (X)NameChangeInd
Principal OfficerJOHN PINDERPrincipalOfficerNm

Foreign Address ForeignAddress

FieldValueIRS element (for citing)
Address Line1GENERAL DELIVERY HOPETOWNAddressLine1Txt
CityELBOW CAYCityNm
Province Or StateABACOProvinceOrStateNm
CountryBFCountryCd
FieldValueIRS element (for citing)
Gross Receipts$23,331GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressHTTPS://RESTOREHOPEFOUNDATION.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2019FormationYr
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionTHE ORGANIZATION'S MISSION IS TO PROVIDE COMMUNITY DEVELOPMENT SERVICES FOR CHARITABLE PURPOSES OF DISASTER RELIEF, RECONSTRUCTION AND GENERAL IMPROVEMENT IN THE ABACO ISLANDS, BAHAMAS.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers6TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$82,650PYContributionsGrantsAmt
CY Contributions Grants$23,300CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$6PYInvestmentIncomeAmt
CY Investment Income$31CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$82,656PYTotalRevenueAmt
CY Total Revenue$23,331CYTotalRevenueAmt
PY Grants And Similar Paid$53,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$11,360CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$181,102PYOtherExpensesAmt
CY Other Expenses$97,655CYOtherExpensesAmt
PY Total Expenses$234,102PYTotalExpensesAmt
CY Total Expenses$109,015CYTotalExpensesAmt
PY Revenues Less Expenses-$151,446PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$85,684CYRevenuesLessExpensesAmt
Total Assets BOY$89,060TotalAssetsBOYAmt
Total Assets EOY$3,376TotalAssetsEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$89,060NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,376NetAssetsOrFundBalancesEOYAmt
MissionTHE ORGANIZATION'S MISSION IS TO PROVIDE COMMUNITY DEVELOPMENT SERVICES FOR CHARITABLE PURPOSES OF DISASTER RELIEF, RECONSTRUCTION AND GENERAL IMPROVEMENT IN THE ABACO ISLANDS, BAHAMAS.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$104,410ExpenseAmt
Grant$11,360GrantAmt
Revenue$23,300RevenueAmt
DescREMOVING DEBRIS AND CLEARANCE OF BLIGHT, DEBRIS AND RUBBISH ACROSS THE ISLAND OF ELBOW CAY, COMPLETING THE REBUILD AND FIT OUT OF THE BURIAL SOCIETY BUILDING AND VARIOUS OTHER ACTIVITIES INCLUDING, BUT NOT LIMITED TO, SUPPORT FOR RECOVERING BUSINESSES, LANDSCAPING AND PLANTING.Desc
Total Program Service Expenses$104,410TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficeYes (true)ForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgYes (true)MoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsYes (true)ChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonJULIZA GONZALEZPersonNm
Phone4079268710PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12900 EAST ROBINSON STREETAddressLine1Txt
CityORLANDOCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32803ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
PATTI LOVE
DIRECTOR0.50Yes (X)Yes (X)$0$0$0
FARON NEWBOLD
VICE PRESIDE0.50Yes (X)$0$0$0
JOHN PINDER
PRESIDENT0.50Yes (X)Yes (X)$0$0$0
DOUG PLOURDE
DIRECTOR0.50Yes (X)$0$0$0
SHAWN THOMPSON
DIRECTOR0.50Yes (X)Yes (X)$0$0$0
JULIZA GONZALEZ
TREASURER0.05Yes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$23,300AllOtherContributionsAmt
Total Contributions$23,300TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$31TotalRevenueColumnAmt
Exclusion$31ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$23,331TotalRevenueColumnAmt
Exclusion$31ExclusionAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$11,360TotalAmt
Program Services$11,360ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$3,750TotalAmt
Management And General$3,750ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
RESTORATION SERVICE EXP.$93,050$93,050
BANK CHARGES$855$855

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$109,015TotalAmt
Program Services$104,410ProgramServicesAmt
Management And General$4,605ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$89,060BOYAmt
EOY$3,376EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$89,060BOYAmt
EOY$3,376EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$89,060BOYAmt
EOY$3,376EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$89,060BOYAmt
EOY$3,376EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$89,060BOYAmt
EOY$3,376EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$85,684ReconcilationRevenueExpnssAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$407,243CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$987,598CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$315,989CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$82,650CurrentTaxYearMinus1YearAmt
Current Tax Year$23,300CurrentTaxYearAmt
Total$1,816,780TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$407,243CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$987,598CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$315,989CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$82,650CurrentTaxYearMinus1YearAmt
Current Tax Year$23,300CurrentTaxYearAmt
Total$1,816,780TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$1,816,780PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$1,608CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6CurrentTaxYearMinus1YearAmt
Current Tax Year$31CurrentTaxYearAmt
Total$1,646TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$1,608CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6CurrentTaxYearMinus1YearAmt
Current Tax Year$31CurrentTaxYearAmt
Total$1,646TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$407,243CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$989,206CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$315,990CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$82,656CurrentTaxYearMinus1YearAmt
Current Tax Year$23,331CurrentTaxYearAmt
Total$1,818,426TotalAmt
FieldValueIRS element (for citing)
First5 Years509Yes (X)First5Years509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedfalseGrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp

FieldValueIRS element (for citing)
RegionELBOW CAY, ABACO, BAHAMASRegionTxt
Type Of Activities ConductedPROGRAM SERVICESTypeOfActivitiesConductedTxt
Specific Services ProvidedRESTORATION ASSISTSpecificServicesProvidedTxt
Region Total Expenditures$104,410RegionTotalExpendituresAmt
FieldValueIRS element (for citing)
Subtotal Spent$104,410SubtotalSpentAmt
Total Spent$104,410TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp

FieldValueIRS element (for citing)
Purpose Of GrantMUSEUM RESTORATIONPurposeOfGrantTxt
Cash Grant$11,360CashGrantAmt
Manner Of Cash DisbursementTRANSFERMannerOfCashDisbursementTxt
FieldValueIRS element (for citing)
Transfer To Foreign CorpfalseTransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipfalseForeignCorpOwnershipInd
Passive Foreign Investmest CofalsePassiveForeignInvestmestCoInd
Foreign PartnershipfalseForeignPartnershipInd
Boycott CountriesfalseBoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE F, PAGE 1, PART I, LINE 3FormAndLineReferenceDesc
ExplanationELBOW CAY, ABACO, BAHAMAS 104,410 0ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 2JOHN PINDER PATTI LOVE PRESIDENT BOARD MEMBER MOTHER AND SON
FORM 990, PAGE 6, PART VI, LINE 4THE ARTICLES WERE AMENDED FOR A CORPORATE NAME CHANGE TO ABACO FOUNDATION.
FORM 990, PAGE 6, PART VI, LINE 11BTHE PRESIDENT OF THE BOARD OF DIRECTORS REVIEWS THE FORM 990 AND PRESENTS IT TO THE BOARD MEMBERS FOR REVIEW AND APPROVAL.
FORM 990, PAGE 6, PART VI, LINE 12CBOARD MEMBERS REGULARLY MEET AND DISCUSS THE CONFLICT OF INTEREST POLICY AND ANY POTENTIAL CONFLICTS THAT MAY ARISE. IF ANY SUCH CONFLICT OCCURS, THE BOARD MEMBER WITH THE CONFLICT OF INTEREST ABSTAINS FROM VOTING ON ANY RELATED MATTERS.
FORM 990, PAGE 6, PART VI, LINE 19THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION IN THE ORGANIZATION'S OFFICE UPON REQUEST.

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