Foba Foundation Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Educate youth and communities in the art of boxing.
- Income
- $67,925
- Spending
- $66,737
- Reserves
- 0 months of spending
- Largest source of income
- donations and private grants, 100%
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $8,800 spent. Fres who as a World Boxing Council Ambassador was estatic to again host boxing exhibitions for the 3rd consectuive year in Mexico This year Dreamers Assoc. and the Warden from the State Prison in the City of Coahuila partnered to assist FOBA with training gear and all the equiptment needed to increase the number of exhibitions and participants. The parternship felt that this years increased number of boxing exhibtions would help to garner additional interest for future events. Fres was diligent in distilling in these participants the importance of a sound mind and body through health and wellness, social development, and education, derived from the Sport of Boxing.
- $4,600 spent. The FOBA Foundation was once again asked to put on a boxing exhibition during the 32nd Annual Fiesta Boricua August 30th and 31st of 2025 De Bandera a Bandera. FOBA partnered with the local businesses and the City of Chicago including the Mayor and local Alderman to host the boxing exhibtions on Division St. The boxing ring is strategically placed to ensure everyone is able to enjoy and cheer on the youths who are living the vision of FOBA by competing in these exhibitions. All particiapants are given trophies purchased with the donations made to the FOBA Foundation.
- $15,900 spent. Fres has made a conservative effort to use the donations and grants to help other retired boxers assist him with the boxing exhibitions. Last year alone FOBA was able to employ three retired boxers throughout the year for various events. He is able to pay them for the time they invest to uphold the FOBA Foundation mission and vision. One of the boxers has also traveled to Mexico to help Fres with the exhibitions for the last 2 years.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Worth knowing.
Status was revoked on May 15, 2014 for not filing returns for three years, and reinstated on July 15, 2015.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since January 2020.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Could it be confused with another charity? Worth knowing.
A much larger organization has a similar name: Ab Foundation (Washington, DC), EIN 27-5278038. If that is the one you meant, check the EIN before giving.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.