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← BRADEN ABOUD MEMORIAL FOUNDATION

Form 990 for tax year 2024

Filed by BRADEN ABOUD MEMORIAL FOUNDATION.

Totals

Total revenue
$183,937
Total expenses
$186,213
Contributions and grants received
$173,116
Grants paid
$88,938
Program service revenue
$0
Investment income
$10,609
Other revenue
$212
Total assets, end of year
$484,958
Total liabilities, end of year
$1,613
Net assets or fund balances, end of year
$483,345
Program services expenses (Part IX)
$137,754
Management and general expenses
$30,361
Fundraising expenses
$18,098
Program service expenses (Part III)
$137,754

Program services were 74.0% 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

    $173,116

  • 3 · Investment income

    total $10,609 · excluded $10,609

  • 8a · Fundraising events: gross income

    $237

  • 8b · Fundraising events: direct expenses

    $25

  • 8c · Net income from fundraising events

    total $212 · excluded $212

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $63,496 · program services $63,496

  • 2 · Grants to domestic individuals

    total $25,442 · program services $25,442

  • 7 · Other salaries and wages

    total $28,432 · program services $17,059 · management and general $8,530 · fundraising $2,843

  • 10 · Payroll taxes

    total $2,175 · program services $1,304 · management and general $653 · fundraising $218

  • 11c · Fees: accounting

    total $11,190 · program services $6,714 · management and general $3,357 · fundraising $1,119

  • 12 · Advertising and promotion

    total $8,119 · fundraising $8,119

  • 13 · Office expenses

    total $12,640 · program services $7,584 · management and general $3,792 · fundraising $1,264

  • 16 · Occupancy

    total $11,923 · program services $7,154 · management and general $3,577 · fundraising $1,192

  • 22 · Depreciation, depletion and amortization

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

  • 23 · Insurance

    total $1,919 · management and general $1,919

  • 24a · Other expenses: SUPPLIES

    total $11,731 · program services $7,039 · management and general $3,519 · fundraising $1,173

  • 24b · Other expenses: UTILITIES

    total $2,160 · program services $1,296 · management and general $648 · fundraising $216

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $1,864 · management and general $1,864

  • 24d · Other expenses: MISCELLANEOUS EXP

    total $1,843 · fundraising $1,843

  • 24e · All other expenses

    total $2,125 · program services $666 · management and general $1,348 · fundraising $111

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,155 · end of year $4,634

  • 2 · Savings and temporary cash investments

    beginning of year $99,915 · end of year $92,183

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

    $28,693

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

    $22,053

  • 10c · Land, buildings and equipment, net

    beginning of year $7,794 · end of year $6,640

  • 11 · Investments: publicly traded securities

    beginning of year $370,700 · end of year $381,501

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,943 · end of year $1,613

  • 31 · Retained earnings, endowment or other funds

    beginning of year $485,621 · end of year $483,345

Mission and programs · 2024

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.

  • ASISTANCE 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 2024, TENNIS SHOES WERE PROVIDED TO 508 STUDENTS AT SANTA TERESA ELEMENTARY SCHOOL. "BAGS 2 SCHOOL" BACKPACK GIVEAWAY PROJECT DISTRIBUTES BACKPACKS AND SCHOOL SUPPLIES TO STUDENTS WHO LACK THE FINANCIAL ABILITY TO PURCHASE SUCH ITEMS. BACKPACKS FULL OF SCHOOL SUPPLIES WERE DISTRIBUTED TO LOCAL SCHOOLS AND COMMUNITY.

    Expenses $39,407 · Grants $25,442

  • CONTRIBUTIONS TO 35 ORGANIZATIONS IN EL PASO AREA. THE GRANTS WERE PROVIDED FOR YOUTH HEALTH, NUTRITION, EDUCATIONAL AND SPORTS PROGRAMS.

    Expenses $92,763 · Grants $59,890

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

    Expenses $5,584 · Grants $3,606

As filed on the 2024 return.

Listed in Part VII

  • Gary A Aboud

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Cynthia Aboud

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    5

  • Susan Shinaut

    ASST. VICE P

    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

Provenance

Return type
form_990
Tax year
2024
Filed
17 October 2025
IRS schema version
2024v5.0
Source object
202523219349328482

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