ABANDON PROJECT INC

EIN: 272493515 501(c)(3) Human Services

Matthews, NC

Total Revenue
$427,744
Total Expenses
$313,576
Total Assets
$132,017
Net Assets
$132,017
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NC
Principal Officer
James Meadows
Phone
7046610663
Tax Period
2024-01-01 to 2024-12-31

ABANDON PROJECT INC, founded in 2012, is a small nonprofit in the Human Services sector that reported $428K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $114K, a strong 27% operating margin.

Mission

Our mission is to model the love of Jesus in overlooked communities who deserve freedom from negative cycles.

Program Service Accomplishments

Program 1
Expenses: $35,560 Revenue: $0

Health Initiative Program provides nutritional education to children and how to see their worth through nutrition. It also educates them on recognizing proteins, vegetables, and good carbohydrates...

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Health Initiative Program provides nutritional education to children and how to see their worth through nutrition. It also educates them on recognizing proteins, vegetables, and good carbohydrates versus bad carbohydrates. This program also provides cooking classes to the students and families to show them substitutions they can make in their every day living to make better choices that will help them continue to get healthier. This program also provides cooked meal on a continuous basis to families who need them.

Program 2
Expenses: $84,950 Revenue: $0

The Tutoring Program provides an opportunity for students to receive help with school work and structured assignments through an i-Ready program. This program helps them to assess their current...

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The Tutoring Program provides an opportunity for students to receive help with school work and structured assignments through an i-Ready program. This program helps them to assess their current reading comprehension level and allow us to make curriculum specific to each child to help better their reading comprehension levels. We also provide snacks during the tutoring time that currently meets two times a week.

Program 3
Expenses: $4,636 Revenue: $0

Neighborhood Initiative provides community and small group activities in the community. This program is meant to be a relational opportunity to provide families resources, whether is is connection to...

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Neighborhood Initiative provides community and small group activities in the community. This program is meant to be a relational opportunity to provide families resources, whether is is connection to a job or trade school. We also help them if they have a need such as counseling services. This program had to shift to more virtual once COVID-19 hit because we were limited with social gatherings.

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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 (2024)

Revenue Breakdown

Contributions & Grants $427,744
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $427,744

Expense Breakdown

Grants Paid $0
Salaries & Benefits $226,795
Fundraising Expenses $60,200
Program Expenses $125,146
Other Expenses $86,781
TOTAL EXPENSES $313,576

Year-over-Year Comparison

2024 2023 Change
Revenue $427,744 $459,940 -0.1%
Expenses $313,576 $311,319 +0.0%
Net Income $114,168 $148,621 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
7
Volunteers
95

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
1
$60,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James Meadows Executive Director 40
Officer
$60,000 $0 $60,000
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
2025 No data No data No data No data
2024 $427,744 $313,576 $132,017 $114,168
2023 $459,940 $311,319 $198,653 $148,621
2022 $495,525 $252,205 $222,444 $243,320
2021 $391,533 $225,459 $193,036 $166,074
2020 $260,833 $226,877 $90,710 $33,956
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