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Nonprofiteer
← BRADEN ABOUD MEMORIAL FOUNDATION

Form 990 for tax year 2023

Filed by BRADEN ABOUD MEMORIAL FOUNDATION.

Totals

Total revenue
$208,350
Total expenses
$168,172
Contributions and grants received
$196,414
Grants paid
$94,623
Program service revenue
$0
Investment income
$10,674
Other revenue
$1,262
Total assets, end of year
$487,564
Total liabilities, end of year
$1,943
Net assets or fund balances, end of year
$485,621
Program services expenses (Part IX)
$129,904
Management and general expenses
$23,021
Fundraising expenses
$15,247
Program service expenses (Part III)
$129,904

Program services were 77.2% 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

    $196,414

  • 3 · Investment income

    total $10,674 · excluded $10,674

  • 8a · Fundraising events: gross income

    $1,359

  • 8b · Fundraising events: direct expenses

    $97

  • 8c · Net income from fundraising events

    total $1,262 · excluded $1,262

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $44,761 · program services $44,761

  • 2 · Grants to domestic individuals

    total $49,862 · program services $49,862

  • 7 · Other salaries and wages

    total $27,596 · program services $16,557 · management and general $8,279 · fundraising $2,760

  • 10 · Payroll taxes

    total $2,111 · program services $1,267 · management and general $633 · fundraising $211

  • 12 · Advertising and promotion

    total $9,367 · fundraising $9,367

  • 13 · Office expenses

    total $6,484 · program services $3,891 · management and general $1,945 · fundraising $648

  • 16 · Occupancy

    total $12,489 · program services $7,493 · management and general $3,747 · fundraising $1,249

  • 20 · Interest

    total $12 · management and general $12

  • 22 · Depreciation, depletion and amortization

    total $1,154 · management and general $1,154

  • 23 · Insurance

    total $2,147 · management and general $2,147

  • 24a · Other expenses: SUPPLIES

    total $5,083 · program services $3,050 · management and general $1,525 · fundraising $508

  • 24b · Other expenses: UTILITIES

    total $3,865 · program services $2,319 · management and general $1,159 · fundraising $387

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $1,337 · management and general $1,337

  • 24d · Other expenses: POSTAGE, MAILING SERVIC

    total $1,173 · program services $704 · management and general $352 · fundraising $117

  • 24e · All other expenses

    total $731 · management and general $731

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,734 · end of year $9,155

  • 2 · Savings and temporary cash investments

    beginning of year $369,067 · end of year $99,915

  • 10a · Land, buildings and equipment: cost or other basis

    $28,693

  • 10b · Land, buildings and equipment: accumulated depreciation

    $20,899

  • 10c · Land, buildings and equipment, net

    beginning of year $8,948 · end of year $7,794

  • 11 · Investments: publicly traded securities

    beginning of year $60,267 · end of year $370,700

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,573 · end of year $1,943

  • 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 $445,443 · end of year $485,621

Mission and programs · 2023

Mission

BRADEN ABOUD MEMORIAL FOUNDATION IS DEDICATED TO IMPROVING THE HEALTH AND EDUCATIONAL DEVELOPMENT OF YOUTH IN THE EL PASO AREA

Activities or mission (Part I)

IMPROVING THE HEALTH AND EDUCATIONAL DEVELOPMENT OF YOUTH IN EL PASO.

  • ASSISTANCE PROGRAMS FOR STUDENTS IN THE EL PASO, TEXAS AREA "B STRONG" SHOE GIVEAWAY AWARDS NEW SHOES TO STUDENTS AT SELECTED ELEMENTARY SCHOOLS TO PROMOTE PHYSICAL FITNESS AND CHARACTER ENHANCEMENT. IN 2023, TENNIS SHOES WERE PROVIDED TO 350 STUDENTS AT BERINO ELEMENTARY SCHOOL AND 400 STUDENTS AT SUNRISE ELEMENTARY SCHOOL. "BAGS 2 SCHOOL" BACKPACK GIVEAWAY PROJECT DISTRIBUTES BACKPACKS AND SCHOOL SUPPLIES TO STUDENTS WHO LACK THE FINANCIAL ABILITY TO PURCHASE SUCH ITEMS. DURING 2023, APPROXIMATELY 600 BACKPACKS FULL OF SCHOOL SUPPLIES WERE DISTRIBUTED TO DIFFERENT LOCAL SCHOOLS AND COMMUNITY PROGRAMS.

    Expenses $58,716 · Grants $42,769

  • CONTRIBUTIONS TO 36 ORGANIZATIONS IN EL PASO AREA. THE GRANTS WERE PROVIDED FOR YOUTH HEALTH, NUTRITION, EDUCATIONAL AND SPORTS PROGRAMS.

    Expenses $61,451 · Grants $44,761

  • SCHOLARSHIPS FOR HIGHER EDUCATION--INDIVIDUAL AWARDS TO 2 STUDENTS ATTENDING THE UNIVERSITY OF TEXAS AT EL PASO

    Expenses $5,491 · Grants $4,000

  • "B WARM" BLANKET DRIVE, WITH THE HELP OF OVER 30 BUSINESSES, SCHOOLS, AND ORGANIZATIONS, COLLECTED AND DISTRIBUTED NEARLY 3,000 BLANKETS IN EL PASO AREA.

    Expenses $4,246 · Grants $3,093

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gary A Aboud

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Cynthia Aboud

    VICE PRESIDENT/TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Susan Shinaut

    ASST. VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Randy Shinaut

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

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
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349324319

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