THE ROBERT M ABRAMSON FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
THE ROBERT M ABRAMSON FOUNDATION INC (EIN 13-3298527)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-14
IRS object ID
202223189349101127
Schema version
2021v4.1
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)
Return2022-11-14T07:23:09-08:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

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 Begin2021-01-01TaxPeriodBeginDt

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
Signature2022-11-14SignatureDt
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

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonWilliam CarbonariPreparerPersonNm
PTINP00908639PTIN
Phone8456271040PhoneNum

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)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$690,346FMVAssetsEOYAmt
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$1InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$9,816DividendsRevAndExpnssAmt
Dividends Net Invst Incm$9,816DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$19,684NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$140,823GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$19,684CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$16,398OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$15,101OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$45,899TotalRevAndExpnssAmt
Total Net Invst Incm$44,602TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$5,895LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl$2,947LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$2,030AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,015AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$1,015AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$3,269TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$11,196OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$11,038OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$158OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$22,390TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$12,053TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$4,120TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$24,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$24,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$46,390TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$12,053TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$28,120TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$491ExcessRevenueOverExpensesAmt
Net Investment Income$32,549NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$18,251CashBOYAmt
Cash EOY$9,196CashEOYAmt
Cash EOYFMV$9,196CashEOYFMVAmt
Other Investments BOY$504,850OtherInvestmentsBOYAmt
Other Investments EOY$520,529OtherInvestmentsEOYAmt
Other Investments EOYFMV$520,529OtherInvestmentsEOYFMVAmt
Other Assets BOY$145,520OtherAssetsBOYAmt
Other Assets EOY$160,621OtherAssetsEOYAmt
Other Assets EOYFMV$160,621OtherAssetsEOYFMVAmt
Total Assets BOY$668,621TotalAssetsBOYAmt
Total Assets EOY$690,346TotalAssetsEOYAmt
Total Assets EOYFMV$690,346TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$668,621CapitalStockBOYAmt
Capital Stock EOY$690,346CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$668,621TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$690,346TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$668,621TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$690,346TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$668,621TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$491ExcessRevenueOverExpensesAmt
Other Increases$22,216OtherIncreasesAmt
Subtotal$690,346SubtotalAmt
Tot Net Ast Or Fund Balances EOY$690,346TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)

PropertyPropertyDescGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
PUBLICLY TRADED SECURITIES$78,085$68,026$10,059$10,059
PUBLICLY TRADED SECURITIES$59,490$50,660$8,830$8,830
PUBLICLY TRADED SECURITIES$707$648$59$59
PUBLICLY TRADED SECURITIES$2,193$1,805$388$388
Capital Gain Dividends$348
FieldValueIRS element (for citing)
Capital Gain Net Income$19,684CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$10,118NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$452InvestmentIncomeExciseTaxAmt
Subtotal$452SubtotalAmt
Tax Based On Investment Income$452TaxBasedOnInvestmentIncomeAmt
Tax Due$452TaxDueAmt
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$671,357AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$25,604AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$696,961TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$696,961AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$10,454CashDeemedCharitableAmt
Net Vl Noncharitable Assets$686,507NetVlNoncharitableAssetsAmt
Minimum Investment Return$34,325MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$34,325MinimumInvestmentReturnAmt
Tax Based On Investment Income$452TaxBasedOnInvestmentIncomeAmt
Total Tax$452TotalTaxAmt
Distributable Before Adj$33,873DistributableBeforeAdjAmt
Distributable Before Ded$33,873DistributableBeforeDedAmt
Distributable As Adjusted$33,873DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$28,120ExpensesAndContributionsAmt
Qualifying Distributions$28,120QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$33,873DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$55,081ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$44,163ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$20,636ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$34,295ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$154,175TotalExcessDistributionCyovAmt
Qualifying Distributions$28,120QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$28,120AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$5,753ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$5,753ExcessDistributionCyovAppCYAmt
Total Corpus$148,422TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$49,328ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$99,094ExcessDistriCyovToNextYrAmt
Excess From Year4$44,163ExcessFromYear4Amt
Excess From Year3$20,636ExcessFromYear3Amt
Excess From Year2$34,295ExcessFromYear2Amt

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$7,500
BARNERT TEMPLE
747 Route 208 SouthFRANKLIN LAKESNJ07417PFRELIGIOUS$6,000
FRACTURED ATLAS OUTREACH PROGRAM
248 WEST 35TH STREETNEW YORKNY10001PCPERFORMING ARTS$7,000
ISADORA DUNCAN DANCE COMPANY
141 WEST 26TH ST 3RD FLNEW YORKNY10001PCPERFORMING ARTS$2,000
SOUTHAMPTON CULTURAL CENTER
25 POND LANESOUTHAMPTONNY11968PCPERFORMING ARTS$1,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$24,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$9,816ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$19,684ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp (2 entries)

DescDescExclusionExclusionCdExclusionExclusionAmt
JACKSON NATL LIFE ANNUITY14$15,101
ROYALTIES15$1,297

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$45,899ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$45,899TotalIncomeProducingActyAmt

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)
CategoryRRC CPAS PCCategoryTxt
Amt$2,030Amt
Net Investment Income$1,015NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,015DisbursementsCharitablePrpsAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
MERRILL LYNCH BROKERAGE ACCOUNTFMV$518,539$518,539
CORESTONE BROKERAGE ACCOUNTFMV$1,990$1,990

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLegal FeesCategoryTxt
Legal Fees$5,895LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$2,947DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescJACKSON NATIONAL LIFE ANNUITYDesc
BOY Book Value$145,520BOYBookValueAmt
EOY Book Value$160,621EOYBookValueAmt
EOYFMV$160,621EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ASSET MANAGEMENT FEES$10,912$10,912
BANK CHARGES$58$58
FOREIGN TAXES PAID$126$126
NYS FILING FEE$100$100

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
JACKSON NATL LIFE ANNUITY$15,101$15,101
ROYALTIES$1,297

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryIRS EXCISE TAXCategoryTxt
Amt$3,269Amt

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