Author Topic: Association for Better Education and Living's ("ABLE") 990 filing of 2008  (Read 1307 times)

Offline ethercat

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Posted to ARS by Ray Hill:

Quote
I recently added the figures of Association for Better Education and
Living's ("ABLE") 990 filing of 2008. Here is the updated chart of
revenue/expenses:

[Chart:
http://www.xenu-directory.net/documents/corporate/images/990s-able-10.gif]

Highlights (percentages are relative to previous year):

     * Revenue from donations down nearly 60%. In absolute terms,
donations have never been this low for all the years covered.
     * Revenue from program services down a little more than 5%. For all
years for which there is data, this is the first time revenue from program
services shrunk.
     * Total revenue down more than 14%.
     * Salary-related expenses down nearly 14% – 34 employees for 2008
vs. 37 for 2007.
     * Occupancy expenses up over 90%. Keep in mind ABLE donated three
properties used by its affiliates to Church of Scientology International
in 2003.
     * Total expenses down a little more than 3%.
     * Net assets grew nearly 10%.
     * Total expenses down a little more than 3%.

IRS changed significantly its 990 form and other attached forms in 2008,
and unfortunately, some interesting financial details are no longer
available from ABLE, such as the exact provenance of licensing fees
income, or the recipient of grants, although for this last one item, I
believe ABLE had to provide the name of the recipients.

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