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EIN 87-2850443

Abundance Capital

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Greenville
State
South Carolina
Year formed
2021
Most recent tax filings
2023-12-01
NTEE code, primary
T00: Philanthropy, Voluntarism, and Grantmaking Foundations: General
Description
Abundance Capital operates as a nonprofit venture philanthropy platform led by Mike Gatchell, working to activate place-based impact investing across the South. Their mission is to generate inclusive prosperity and create sustainable local economies through their efforts.
Total revenues
$1,273,010
2023
Total expenses
$236,643
2023
Total assets
$1,845,384
2023
Num. employees
0
2023

Program areas at Abundance Capital

Abundance Capital is a nonprofit, venture philanthropy platform, helping charitable donors activate place-based impact investing, generating inclusive prosperity and creating sustainable local economies.

Who funds Abundance Capital

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Jolley FoundationGeneral Operations$200,000
The Community Foundation for Northeast FloridaFor General Operating Support$55,000
The Community Foundation for Northeast FloridaFor General Operating Support$55,000
...and 4 more grants received

Personnel at Abundance Capital

NameTitleCompensation
Mike GatchellCo - Founder, Chief Executive Officer$60,000
Brittany ArsiniegaHead of Legal
Margaret GiffordFounder$60,000

Financials for Abundance Capital

RevenuesFYE 12/2023
Total grants, contributions, etc.$1,216,347
Program services$29,680
Investment income and dividends$26,983
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,273,010

Form 990s for Abundance Capital

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122023-11-14990View PDF

Organizations like Abundance Capital

OrganizationLocationRevenue
United Way of Benton and Franklin CountiesKennewick, WA$2,299,167
United Way of Northeast LouisianaMonroe, LA$4,616,769
United Way of Northwest LouisianaShreveport, LA$2,089,392
United Way of the Dutchess-Orange RegionPoughkeepsie, NY$2,570,471
Associated Black CharitiesBaltimore, MD$1,560,316
Nevada Women's FundReno, NV$1,370,622
Philanthropy NorthwestSeattle, WA$4,230,276
Liberty PlaceWhitehall, MT$2,094,334
Philanthropy Workshop (TPW)New York, NY$3,603,903
United Way of Yellowstone CountyBillings, MT$2,491,076
Data update history
July 17, 2024
Received grants
Identified 1 new grant, including a grant for $5,000 from The Maddrey Foundation
March 19, 2024
Updated personnel
Identified 7 new personnel
January 24, 2024
Updated personnel
Identified 5 new personnel
January 17, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 3, 2024
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsCharities
Issues
No issues found
Characteristics
Operates donor advised fundsTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
121 Trafalgar Rd
Greenville, SC 29617
Metro area
Greenville-Anderson, SC
County
Greenville County, SC
Website URL
abundancecap.org/ 
IRS details
EIN
87-2850443
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2021
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T00: Philanthropy, Voluntarism, and Grantmaking Foundations: General
Parent/child status
Independent
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