Form 990 for tax year 2022

Totals

Total revenue

$5,172,192

Total expenses

$3,206,009

Contributions and grants received

$4,841,074

Grants paid

$380,617

Program service revenue

$329,539

Investment income

$1,579

Other revenue

$0

Total assets, end of year

$3,376,953

Total liabilities, end of year

$51,294

Net assets or fund balances, end of year

$3,325,659

Program services expenses (Part IX)

$2,585,005

Management and general expenses

$390,581

Fundraising expenses

$230,423

Program service expenses (Part III)

$2,585,005

Program services were 80.6% 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.

Mission and programs · 2022

• Public Education Campaigns: To combat the baseless negativity that pervades the media regarding immigrants and immigration in order to eliminate the resulting prejudice and discrimination against immigrants. ABIC plans to educate the public by promoting what is factually accurate regarding the benefits of immigration for our country. ABIC will specifically highlight the beneficial impact immigration and immigrant communities have on the society and economy of our country. ABIC will promote this educational program through various social media including but not limited to op-eds, editorial letters , public forums, bi-weekly emailed immigration news and policy updates, and monthly breakfasts on current immigration topics.

  Expenses $952,055

• Small Business Recovery: As a result of COVID, ABIC pivoted some of its resources towards helping immigrant owned small businesses navigate through the pandemic by gaining access to economic recovery initiatives. ABIC helped around 200 immigrant owned small businesses gain access to the Paycheck Protective Program funding, and move towards resource and capacity building through government resources that have been traditionally difficult to obtain.

  Expenses $660,943 · Grants $350,617

• Immigration Advocacy: ABIC will research and promote sensible immigration policy that supports the economy of the United States. The ABIC Project is also working to organize business coalitions nationally to develop and implement pro-immigrant policies. For example, in November of 2019, the U.S. Supreme Court took up a case regarding Deferred Action for Childhood Arrivals (DACA), a law that protects eligible immigrant youth who came to the United States when they were children from deportation and allows them to obtain a work permit. The ABIC Project organized more than 140 companies across industries, and 18 major business associations to sign onto an amicus brief in support of the DACA program to protect the rights of these immigrant youth who had been relying on this law to remain in the U.S. and continue to work.

  Expenses $972,007 · Grants $30,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• Melrose Park Chamber of Commerce

  $226,391

  Small Business Recovery

• The Wright Way

  $64,868

  Small Business Recovery

• Native American Chamber of Commerce

  $37,122

  Small Business Recovery

• Maine Business Immigration Coalition

  $30,000

  Immigration Advocacy

• Austin Chamber of Commerce

  $22,236

  Small Business Recovery

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• American Business Immigrattion Coalition Action

  501(c)(4) · Promotion of Social Welfare · IL · controlled entity

  Directly controlled by American Business Immigration Coalition

• IMPAC Fund Inc

  501(c)(3) · Community Charitable Services · FL

Provenance

Return type

form_990

Tax year

2022

Filed

13 November 2023

IRS schema version

2022v5.0

Source object

202313189349312786

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