AB COMMUNITY INC

EIN: 831354743 501(c)(3) Community Improvement

Durham, NC

Total Revenue
$415,290
Total Expenses
$443,990
Total Assets
$35,597
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
NC
Principal Officer
TALIB GRAVES-MANNS
Phone
9193818076
Tax Period
2024-01-01 to 2024-12-31

AB COMMUNITY INC, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $415K in total revenue in fiscal year 2024.

Mission

Design and Facilitate instruction to educate community stakeholders ( residents and business owners) on community asset creation and asset protection.

Program Service Accomplishments

Program 1
Expenses: $57,008 Revenue: $0

The incumbent worker training program administered by Knox St. Studios in the Triad are of North Carolina has significantly impacted the local workforce. By leveraging Google Certificates in Cyber...

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The incumbent worker training program administered by Knox St. Studios in the Triad are of North Carolina has significantly impacted the local workforce. By leveraging Google Certificates in Cyber Security and Digital Marketing, the program has equipped existing employees with critical, in-demand skills, enhancing their career prospects and improving business operations. Additionally, the training for small business owners to manage development contracts has empowered local entrepreneurs with the knowledge and tools to effectively navigate and secure business opportunities, driving economic growth and innovation in the region.

Program 2
Expenses: $0 Revenue: $0

The City of Durhams ARPA-funded program has made significant strides in advancing STEM education for middle and high school students, with a strong emphasis innovation. Supported by Duke Universitys...

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The City of Durhams ARPA-funded program has made significant strides in advancing STEM education for middle and high school students, with a strong emphasis innovation. Supported by Duke Universitys School of Engineering, the initiative has provided students with hands-on learning experiences and access to cutting edge resources, fostering a new generation of innovators. Additionally, the programs successful launch of Techstars Startup Weekends has built a vibrant community around entrepreneurship, encouraging the development of innovative ideas and providing a platform for young entrepreneurs to collaborate and grow.

Program 3
Expenses: $0 Revenue: $0

Knox St. Studios, as a subrecipient of the SBA Community Navigator Program grant, played a crucial role in marketing outreach. This collaboration aims to foster a diverse, equitable, and innovative...

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Knox St. Studios, as a subrecipient of the SBA Community Navigator Program grant, played a crucial role in marketing outreach. This collaboration aims to foster a diverse, equitable, and innovative entrepreneurial ecosystem in Durham by uniting various organizations and grassroot leaders. The project leverages longstanding support from the City of Durham and Durham County, combined with Forward Cities national capacity-building expertise, to create a robust model for connecting the local economy.

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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 $15,000
Program Service Revenue $400,290
Investment Income $0
Other Revenue $0
TOTAL REVENUE $415,290

Expense Breakdown

Grants Paid $0
Salaries & Benefits $118,953
Fundraising Expenses $0
Program Expenses $57,008
Other Expenses $325,037
TOTAL EXPENSES $443,990

Year-over-Year Comparison

2024 2023 Change
Revenue $415,290 $406,875 +0.0%
Expenses $443,990 $375,854 +0.2%
Net Income $-28,700 $31,021 -1.9%
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

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Liquidity & Cash Position

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Governance

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

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
5
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Talib Graves-Manns Executive Director 40.00
Officer Director
$0 $0 $0
Lee Gray Associate Director 40.00
Director
$0 $0 $0
Richard Brown Director of Tech 40.00
Director
$0 $0 $0
Chaucer Barnes Board Member 0.25
Officer
$0 $0 $0
John Verdejo Board Member 0.25
Officer
$0 $0 $0
Dr Shani Daily Board Member 0.25
Officer
$0 $0 $0
Dr Margaret Brunson Board Member 0.25
Officer
$0 $0 $0
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
2024 $415,290 $443,990 $35,597 $-28,700
2023 $406,875 $375,854 $63,677 $31,021
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