Overview
What is The Abac Advancement Foundation Inc?
The Abac Advancement Foundation Inc, located in Tifton, Georgia, is a nonprofit organization that supports the educational endeavors of Abraham Baldwin Agricultural College. Their primary function is to secure grants for sponsored research and service activities on behalf of the college. This includes subcontracting with the college for the execution of sponsored research projects and service delivery programs. The foundation's mission is to aid, assist, and strengthen the research, service, and educational missions of Abraham Baldwin Agricultural College, contributing to its overall growth and development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 64%)
The Abac Advancement Foundation Inc has received a rating of "Needs Improvement" from Charity Navigator with an overall score of 64%. This rating indicates that while the organization demonstrates some financial strength—evidenced by a high program expense ratio of 99.79%—it struggles significantly in areas related to governance and transparency. Notably, the organization lacks independent board members and has not provided financial statements, which raises concerns regarding oversight and accountability.
The organization has implemented several strong policies, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, all of which have received full marks. However, the absence of independent board members and missing financial documentation on its website detracts from its overall rating. The organization has no liabilities, maintaining a healthy financial position, but the lack of transparency may hinder trust from potential donors and stakeholders.
While The Abac Advancement Foundation demonstrates a commitment to programmatic spending and has sound financial practices, the significant governance issues highlighted by its rating suggest that improvements are necessary. Enhancing transparency and board independence could contribute to better accountability and potentially improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is The Abac Advancement Foundation Inc legitimate?
The Abac Advancement Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Abac Advancement Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Abac Advancement Foundation Inc?
The Abac Advancement Foundation's mission is to aid, strengthen, and advance the research, service, and educational objectives of Abraham Baldwin Agricultural College. The foundation supports educational activities by securing grants for sponsored research and service projects on behalf of the college. Additionally, it subcontracts with the college to perform sponsored research projects and service delivery programs, thereby enhancing the educational experiences of the students at Abraham Baldwin Agricultural College.
Who is the CEO of The Abac Advancement Foundation Inc?
Dr Amy P Willis is the Director of The Abac Advancement Foundation Inc.
What is the revenue of The Abac Advancement Foundation Inc?
The Abac Advancement Foundation Inc's revenue in 2023 was $553,049.
Who are the executives of The Abac Advancement Foundation Inc and what are their salaries?
There 11 volunteers at The Abac Advancement Foundation Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for The Abac Advancement Foundation Inc?
The Abac Advancement Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Abac Advancement Foundation Inc
The Abac Advancement Foundation, a dedicated organization, is committed to aiding, supporting, and advancing the research, service, and educational missions of Abraham Baldwin Agricultural College. With this mission, the foundation seeks to enhance the educational experiences of the students at Abraham Baldwin Agricultural College by securing grants for sponsored research and service activities on behalf of the college. Moreover, the foundation subcontracts with the college, taking on the performance of sponsored research projects and service delivery programs. By doing so, the Abac Advancement Foundation plays a significant role in assisting and boosting the educational pursuits of the students at Abraham Baldwin Agricultural College.
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Impact
July, 2024
The Abac Advancement Foundation Inc has a significant impact on supporting and advancing the research, service, and educational missions of Abraham Baldwin Agricultural College in Tifton, GA. Through securing grants for sponsored research, service activities, and subcontracting with the college for various projects, the foundation plays a crucial role in enriching the educational experiences of students at the college. The foundation's work directly contributes to fostering innovation in the field of agriculture and enhancing the overall academic environment at Abraham Baldwin Agricultural College.
This information is meant to be a general summary of The Abac Advancement Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Gross Receipts: $553,049
Assets and Liabilities:
- Total Assets: $54,164
- Total Liabilities: $0
- Net Assets: $54,164
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Organization Details
Founding Year
2009
Phone
(229) 391-4782Principal Officer
Dr Amy P Willis
Main Address
ABAC 9 - 2802 MOORE HIGHWAY, TIFTON, GA, 31793
NTEE Category
Code: K11 - Food
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