ABEKAM INC

EIN: 264363808 501(c)(3) Youth Development

JAMAICA PLAIN, MA

Total Revenue
$251,000
Total Expenses
$266,032
Total Assets
$1,703
Net Assets
$-21,025
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
MA
Principal Officer
MAKEEBA MCCREARY
Phone
6172934024
Tax Period
2021-07-01 to 2022-06-30

ABEKAM INC, founded in 2009, is a small nonprofit in the Youth Development sector that reported $251K in total revenue in fiscal year 2021. Revenue decreased 16% compared to the prior year.

Mission

TO WORK WITH CHILD-SERVING ORGANIZATIONS, WHICH ARE DEDICATED TO BRINGING TARGETED, POWERFUL SUPPORTS TO MINORITY AND LOW INCOME POPULATIONS THAT HAVE TRADITIONALLY BEEN LEFT OUT OF RESOURCE-RICH EXPERIENCES. TO FULFILL A NEED TO BRIDGE CORPORATE AND PHILANTHROPIC COMMUNITIES IN ORDER TO FULLY BENEFIT FROM RESOURCES COMMUNITIES CAN PROVIDE. TO NUTURE RELATIONSHIPS BETWEEN THE TWO SECTORS, CREATE EFFECTIVE COLLABORATION COALITIONS, AND ADDRESS GAPS IN EXISTING SERVICES; TO DELIVER TECHINICAL ASSISTANCE TO CLIENTS AIMED AT FISCAL PROGRAMMATIC AND LEADERSHIP SUSTAINABILITY, AND FURTHER, TO CARRY ON ANY OTHER ACTIVITY IN SUPPORT OF THE MISSION AS MAY BE CARRIED ON BY CORPORATION ORGANIZED UNDER CHAPTER 180 OF THE MASSACHUSTTS GENERAL LAW AND DESCRIBED IN SECTION 501(C) (3) OF THE CODE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $251,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $251,000

Expense Breakdown

Grants Paid $100,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $250,600
Other Expenses $166,032
TOTAL EXPENSES $266,032

Year-over-Year Comparison

2021 2020 Change
Revenue $251,000 $300,000 -0.2%
Expenses $266,032 $414,937 -0.4%
Net Income $-15,032 $-114,937 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
3
Employees
N/A
Volunteers
3

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$308,500
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ZIBA CRANMER ADVISOR 1.00
Director
$0 $0 $0
KLARE SHAW ADVISOR 1.00
Director
$0 $0 $0
D'WAYNE EDWARDS ADVISOR 1.00
Director
$0 $0 $0
ROBERT LEWIS JR PRESIDENT/CHAIR 1.00
Officer
$0 $0 $0
MICHELLE CALDEIRA SECRETARY 1.00
Officer
$0 $0 $0
PAUL FRANCISCO TREASURER 1.00
Officer
$0 $0 $0
MAKEEBA MCCREARY CEO 20.00
Officer
$0 $0 $308,500
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $251,000 $266,032 $1,703 $-15,032
2021 $300,000 $414,937 $1,707 $-114,937
2020 $710,000 $312,776 $108,944 $397,224
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