THE ROBERT M ABRAMSON FOUNDATION INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
THE ROBERT M ABRAMSON FOUNDATION INC (EIN 13-3298527)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-02
IRS object ID
202303069349101605
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-11-02T12:08:50-07:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN874657192PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WestRock Tax & ConsultingBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1100 Dutch Hill Rd Ste 210AddressLine1Txt
CityOrangeburgCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10962ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN133298527EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ROBERT M ABRAMSON FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlROBEBusinessNameControlTxt
Phone8453572215PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1REITER LAW 135 CHESTNUT RIDGE RD 20AddressLine1Txt
CityMONTVALECityNm
State AbbreviationNJStateAbbreviationCd
ZIP07645ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonARNOLD E REITERPersonNm
Person TitleDirectorPersonTitleTxt
Signature2023-11-02SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstARNOLD EPersonFirstNm
Person LastREITERPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonWILLIAM CARBONARIPreparerPersonNm
PTINP00908639PTIN
Phone8456248071PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$517,584FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$36InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$36InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$9,596DividendsRevAndExpnssAmt
Dividends Net Invst Incm$9,596DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$1,868NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$197,919GrossSalesPriceAmt
Other Income Rev And Expnss$749OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$8,513TotalRevAndExpnssAmt
Total Net Invst Incm$9,632TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$5,913LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl$2,956LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$2,130AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,065AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$1,065AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$692TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$7,621OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$7,272OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$100OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$16,356TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$8,337TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$4,121TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$28,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$28,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$44,356TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$8,337TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$32,121TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$35,843ExcessRevenueOverExpensesAmt
Net Investment Income$1,295NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$9,196CashBOYAmt
Cash EOY$7,861CashEOYAmt
Cash EOYFMV$7,861CashEOYFMVAmt
Sav And Temp Cash Invst EOY$6,119SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$6,119SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$520,529OtherInvestmentsBOYAmt
Other Investments EOY$387,318OtherInvestmentsEOYAmt
Other Investments EOYFMV$387,318OtherInvestmentsEOYFMVAmt
Other Assets BOY$160,621OtherAssetsBOYAmt
Other Assets EOY$116,286OtherAssetsEOYAmt
Other Assets EOYFMV$116,286OtherAssetsEOYFMVAmt
Total Assets BOY$690,346TotalAssetsBOYAmt
Total Assets EOY$517,584TotalAssetsEOYAmt
Total Assets EOYFMV$517,584TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$690,346CapitalStockBOYAmt
Capital Stock EOY$517,584CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$690,346TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$517,584TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$690,346TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$517,584TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$690,346TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$35,843ExcessRevenueOverExpensesAmt
Subtotal$654,503SubtotalAmt
Other Decreases$136,919OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$517,584TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
PUBLICLY TRADED SECURITIES$764$661$103$103
PUBLICLY TRADED SECURITIES$164,530$165,969-$1,439-$1,439
PUBLICLY TRADED SECURITIES$32,559$33,157-$598-$598
Capital Gain Dividends$66
FieldValueIRS element (for citing)
Capital Gain Net Income-$1,868CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$598NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$18InvestmentIncomeExciseTaxAmt
Subtotal$18SubtotalAmt
Tax Based On Investment Income$18TaxBasedOnInvestmentIncomeAmt
Tax Due$18TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1ARNOLD E REITERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8453572215PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1135 CHESTNUT RIDGE RD STE 200AddressLine1Txt
CityMONTVALECityNm
State AbbreviationNJStateAbbreviationCd
ZIP07645ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
ARNOLD E REITER
135 CHESTNUT RIDGE RD STE 200MONTVALENJ07645Director0.00$0
DANIEL O CATANEO
18 FAIRVIEW DRIVEROCKAWAYNJ07866Director0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$562,064AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$21,500AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$583,564TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$583,564AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$8,753CashDeemedCharitableAmt
Net Vl Noncharitable Assets$574,811NetVlNoncharitableAssetsAmt
Minimum Investment Return$28,741MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$28,741MinimumInvestmentReturnAmt
Tax Based On Investment Income$18TaxBasedOnInvestmentIncomeAmt
Total Tax$18TotalTaxAmt
Distributable Before Adj$28,723DistributableBeforeAdjAmt
Distributable Before Ded$28,723DistributableBeforeDedAmt
Distributable As Adjusted$28,723DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$32,121ExpensesAndContributionsAmt
Qualifying Distributions$32,121QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$28,723DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$44,163ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$20,636ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$34,295ExcessDistributionCyovYr3Amt
Total Excess Distribution Cyov$99,094TotalExcessDistributionCyovAmt
Qualifying Distributions$32,121QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$28,723AppliedToCurrentYearAmt
Remaining Distri From Corpus$3,398RemainingDistriFromCorpusAmt
Total Corpus$102,492TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$44,163ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$58,329ExcessDistriCyovToNextYrAmt
Excess From Year4$20,636ExcessFromYear4Amt
Excess From Year3$34,295ExcessFromYear3Amt
Excess From Current Year$3,398ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
THE DALCROZE CENTER
74 LINCOLN AVEARDSLEYNY10502PCMUSIC EDUCATION$7,000
BARNERT TEMPLE
747 Route 208 SouthFRANKLIN LAKESNJ07417PFRELIGIOUS$6,000
FRACTURED ATLAS
248 WEST 35TH STREETNEW YORKNY10001PCPERFORMING ARTS$4,000
ISADORA DUNCAN DANCE COMPANY
141 WEST 26TH ST 3RD FLNEW YORKNY10001PCPERFORMING ARTS$1,000
ROMEMU
176 WEST 105TH STREETNEW YORKNY10025PCRELIGIOUS$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$28,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$36ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$9,596ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$1,868ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescROYALTIESDesc
Exclusion15ExclusionCd
Exclusion$749ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$8,513ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$8,513TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryWESTROCK TAX & CONSULTINGCategoryTxt
Amt$2,130Amt
Net Investment Income$1,065NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,065DisbursementsCharitablePrpsAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (3 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
MERRILL LYNCH BROKERAGE ACCOUNTFMV$386,346$386,346
CORESTONE BROKERAGE ACCOUNTFMV
AMERIPRISE BROKERAGE ACCOUNTFMV$972$972

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLegal FeesCategoryTxt
Legal Fees$5,913LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$2,956DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDescEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmtBOY Book ValueBOYBookValueAmt
DIVIDENDS RECEIVABLE$11$11
JACKSON NATIONAL LIFE ANNUITY$116,275$116,275$160,621

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ACCOUNT MAINTENANCE FEES$50$50
ASSET MANAGEMENT FEES$6,979$6,979
BANK CHARGES$249
FOREIGN TAXES PAID$243$243
NYS FILING FEE$100$100

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescROYALTIESDesc
Revenue And Expenses Per Books$749RevenueAndExpensesPerBooksAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryIRS EXCISE TAXCategoryTxt
Amt$692Amt

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