THE ROBERT M ABRAMSON FOUNDATION INC: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
THE ROBERT M ABRAMSON FOUNDATION INC (EIN 13-3298527)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-11-06
IRS object ID
202013119349100106
Schema version
2019v5.0
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)
Return2020-11-06T06:46:54-08:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN263748765PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1RRC CPAS PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1100 Dutch Hill Road Suite 210AddressLine1Txt
CityOrangeburgCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10962ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

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 Line1C/O ARNOLD REITER 75 MONTEBELLO RDAddressLine1Txt
CitySUFFERNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10901ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonARNOLD E REITERPersonNm
Person TitleDirectorPersonTitleTxt
Signature2020-11-06SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonWilliam CarbonariPreparerPersonNm
PTINP00908639PTIN
Phone8456271040PhoneNum
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-04-22 16:20:28ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$637,429FMVAssetsEOYAmt
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$6InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$6InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$11DividendsRevAndExpnssAmt
Dividends Net Invst Incm$11DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$876NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$9,909GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$876CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$1,136OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$2,029TotalRevAndExpnssAmt
Total Net Invst Incm$893TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$14,285CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$14,285CompOfcrDirTrstDsbrsChrtblAmt
Legal Fees Rev And Expnss$15,181LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl$7,590LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$2,025AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,012AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$1,013AccountingFeesChrtblPrpsAmt
Other Expenses Rev And Expnss$12,395OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$12,019OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$12,395OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$43,886TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$13,031TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$35,283TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$31,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$31,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$74,886TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$13,031TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$66,283TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$72,857ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash EOY$13,842CashEOYAmt
Cash EOYFMV$13,842CashEOYFMVAmt
Sav And Temp Cash Invst BOY$2,858SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$5,376SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$5,376SavAndTempCashInvstEOYFMVAmt
Corporate Stock EOY$925CorporateStockEOYAmt
Corporate Stock EOYFMV$925CorporateStockEOYFMVAmt
Other Assets BOY$623,924OtherAssetsBOYAmt
Other Assets EOY$617,286OtherAssetsEOYAmt
Other Assets EOYFMV$617,286OtherAssetsEOYFMVAmt
Total Assets BOY$626,782TotalAssetsBOYAmt
Total Assets EOY$637,429TotalAssetsEOYAmt
Total Assets EOYFMV$637,429TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$626,782CapitalStockBOYAmt
Capital Stock EOY$637,429CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$626,782TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$637,429TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$626,782TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$637,429TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$626,782TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$72,857ExcessRevenueOverExpensesAmt
Other Increases$83,504OtherIncreasesAmt
Subtotal$637,429SubtotalAmt
Tot Net Ast Or Fund Balances EOY$637,429TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
161.836 T ROWE PRICE CAP APPRECIATIONP2019-01-182019-12-02$4,946$4,514$432$432
43.402 T ROWE PRICE BLUEP2019-01-182019-12-02$4,949$4,519$430$430
Capital Gain Dividends$14
FieldValueIRS element (for citing)
Capital Gain Net Income$876CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$862NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

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 Line175 MONTEBELLO ROADAddressLine1Txt
CitySUFFERNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10901ZIPCd
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 PrsnYes (true)PayCompDisqualifiedPrsnInd
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
75 MONTEBELLO ROADSUFFERNNY10901Director0.00$0
DANIEL O CATANEO
18 FAIRVIEW DRIVEROCKAWAYNJ07866Director3.50$14,285
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$635,817AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$13,694AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$649,511TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$649,511AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$9,743CashDeemedCharitableAmt
Net Vl Noncharitable Assets$639,768NetVlNoncharitableAssetsAmt
Minimum Investment Return$31,988MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$31,988MinimumInvestmentReturnAmt
Distributable Before Adj$31,988DistributableBeforeAdjAmt
Distributable Before Ded$31,988DistributableBeforeDedAmt
Distributable As Adjusted$31,988DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$66,283ExpensesAndContributionsAmt
Qualifying Distributions$66,283QualifyingDistributionsAmt
Adjusted Qualifying Distri$66,283AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$31,988DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$29,774ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$55,081ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$44,163ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$20,636ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$149,654TotalExcessDistributionCyovAmt
Qualifying Distributions$66,283QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$31,988AppliedToCurrentYearAmt
Remaining Distri From Corpus$34,295RemainingDistriFromCorpusAmt
Total Corpus$183,949TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$183,949ExcessDistriCyovToNextYrAmt
Excess From Year4$29,774ExcessFromYear4Amt
Excess From Year3$55,081ExcessFromYear3Amt
Excess From Year2$44,163ExcessFromYear2Amt
Excess From Year1$20,636ExcessFromYear1Amt
Excess From Current Year$34,295ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
The Dalcroze Center
74 LINCOLN AVEARDSLEYNY10502PCMUSIC EDUCATION$4,000
FRACTURED ATLAS OUTREACH PROGRAM
248 WEST 35TH STREETNEW YORKNY10001PCSUPPORT FOR ARTISTS$3,000
THE ISADORA DUNCAN DANCE CO
141 WEST 26TH ST 3RD FLNEW YORKNY10001PCFOR DANCE PERFORMANCES$3,000
BARNERT TEMPLE
747 Route 208 SouthFRANKLIN LAKESNJ07417PFRELIGIOUS$2,000
SOUTHAMPTON CULTURAL CENTER
25 POND LANESOUTHAMPTONNY11968PCRISING STARS PIANO SERIES - To provide performance, exhibition; and compelling arts and cultural education opportunities$3,000
BROOKLYN CHILDREN'S THEATRE
135 Prospect Park SW B7BrooklynNY11218PCBrings together youth from diverse backgrounds to learn and grow through the collaborative art of musical theatre.$2,500
SOCRATES SCULPTURE PARK
32-01 VERNON BOULEVARDLONG ISLAND CITYNY11106PCTO SUPPORT ARTISTS IN THE PRODUCTION AND PRESENTATION OF PUBLIC ART$3,000
ROOTS AND WINGS FOUNDATION
30 GLORIA DRIVEALLENDALENJ07401PCGENERAL$1,500
ROMEMU
176 WEST 105TH STREETNEW YORKNY10026PCGENERAL$2,000
DALCROZE SOCIETY OF AMERICA
22 ACKEN LANEPRINCETONNJ08504PCGENERAL$7,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$31,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$6ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$11ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$876ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescROYALTIESDesc
Exclusion15ExclusionCd
Exclusion$1,136ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$2,029ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$2,029TotalIncomeProducingActyAmt

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$2,025Amt
Net Investment Income$1,012NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,013DisbursementsCharitablePrpsAmt

Compensation Explanation CompensationExplanation

Compensation Explanation CompensationExplanationGrp

FieldValueIRS element (for citing)
PersonDANIEL O CATANEOPersonNm
Short ExplanationCOMPENSATION IS FOR SERVICES TO PRODUCE A BOOK ON THE LIFE AND ACCOMPLISHMENTS OF ROBERT ABRAMSON, THE FOUNDER.ShortExplanationTxt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLegal FeesCategoryTxt
Legal Fees$15,181LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$7,590DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
JACKSON NATIONAL LIFE ANNUITY$161,643$147,305$147,305
PRUDENTIAL ANNUITY$462,281$469,981$469,981

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ACCOUNT FEES$50$50$50
ASSET MANAGEMENT FEES$11,969$11,969$11,969
BANK CHARGES$176$176
NYS FILING FEE$200$200

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescROYALTIESDesc
Revenue And Expenses Per Books$1,136RevenueAndExpensesPerBooksAmt

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