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Nonprofiteer
← ABAX VENTURES INC

Form 990 for tax year 2023

Filed by ABAX VENTURES INC.

Totals

Total revenue
$333,394,568
Total expenses
$64,257
Contributions and grants received
$337,462,985
Grants paid
$0
Program service revenue
$0
Investment income
-$4,068,417
Other revenue
$0
Total assets, end of year
$349,265,513
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$349,265,513
Program services expenses (Part IX)
$0
Management and general expenses
$64,257
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $337,462,985

  • 1g · Noncash contributions included above

    $337,462,985

  • 3 · Investment income

    total $1,328,778 · excluded $1,328,778

  • 7a · Gross sales of assets other than inventory

    securities $443,490,371

  • 7b · Less cost or other basis and sales expenses

    securities $448,887,566

  • 7c · Gain or loss

    securities -$5,397,195

  • 7d · Net gain or loss

    total -$5,397,195 · excluded -$5,397,195

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $225 · management and general $225

  • 11c · Fees: accounting

    total $10,622 · management and general $10,622

  • 23 · Insurance

    total $35,742 · management and general $35,742

  • 24a · Other expenses: INVESTMENT EXPENSES

    total $17,668 · management and general $17,668

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    end of year $132,472,893

  • 11 · Investments: publicly traded securities

    end of year $17,011,810

  • 12 · Investments: other securities

    end of year $199,780,810

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $349,265,513

Mission and programs · 2023

Mission

POSITIVELY INFLUENCE THE LONG-TERM FUTURE AND TO PROMOTE THE WELFARE OF HUMAN BEINGS

  • THE ORGANIZATION WILL PROMOTE ITS MISSION TO POSITIVELY INFLUENCE THE LONG-TERM FUTURE AND TO PROMOTE THE WELFARE OF HUMAN BEINGS THROUGH GRANTMAKING, ADVOCACY AND LOBBYING, PUBLIC EDUCATION, PROVIDING TECHNICAL SUPPORT TO COMPANIES, AND MISSION-RELATED INVESTMENTS. AREAS OF FOCUS IN CARRYING OUT THESE ACTIVITIES WILL BE ARTIFICAL INTELLIGENCE, GLOBAL CATASTROPHIC RISKS, EMERGING TECHNOLOGIES AND GLOBAL HEALTH. DURING ITS INITIAL YEAR, THE ORGANIZATION SECURED FUNDING TO CARRY OUT THESE ACTIVITIES IN THE FUTURE.

As filed on the 2023 return.

Listed in Part VII

  • Paul D Keller

    PRESIDENT/CEO/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202413209349317266

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