THE ROBERT M ABRAMSON FOUNDATION INC: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
THE ROBERT M ABRAMSON FOUNDATION INC (EIN 13-3298527)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-11-12
IRS object ID
201903169349101305
Schema version
2018v3.1
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)
Return2019-11-12T10:50:21-08:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

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 Begin2018-01-01TaxPeriodBeginDt

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
Signature2019-11-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonWilliam CarbonariPreparerPersonNm
PTINP00908639PTIN
Phone8456271040PhoneNum
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-03-31 21:24:44ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$626,782FMVAssetsEOYAmt
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$19InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$19InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$3DividendsRevAndExpnssAmt
Dividends Net Invst Incm$3DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$173NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$2,639GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$173CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$1,583OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$1,778TotalRevAndExpnssAmt
Total Net Invst Incm$195TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$28,571CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$28,571CompOfcrDirTrstDsbrsChrtblAmt
Legal Fees Rev And Expnss$25,220LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl$12,610LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$2,000AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,000AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$1,000AccountingFeesChrtblPrpsAmt
Other Expenses Rev And Expnss$13,125OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$12,886OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$239OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$68,916TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$13,886TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$42,420TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$12,250ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$12,250ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$81,166TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$13,886TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$54,670TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$79,388ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$2,655SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$2,858SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$2,858SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$34,710CorporateStockBOYAmt
Other Assets BOY$697,894OtherAssetsBOYAmt
Other Assets EOY$623,924OtherAssetsEOYAmt
Other Assets EOYFMV$623,924OtherAssetsEOYFMVAmt
Total Assets BOY$735,259TotalAssetsBOYAmt
Total Assets EOY$626,782TotalAssetsEOYAmt
Total Assets EOYFMV$626,782TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$735,259CapitalStockBOYAmt
Capital Stock EOY$626,782CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$735,259TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$626,782TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$735,259TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$626,782TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$735,259TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$79,388ExcessRevenueOverExpensesAmt
Subtotal$655,871SubtotalAmt
Other Decreases$29,089OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$626,782TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (8 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
25.175 DOUBLELINE TOTAL RET BONDP2018-01-052018-01-05$267$266$1$1
22.897 FIDELITY PURITANP2018-01-052018-01-05$544$495$49$49
8.471 PAX WORLD SMALL CAPP2018-01-052018-01-05$140$129$11$11
32.041 PIMCO INCOME FUND CL DP2018-01-052018-01-05$398$389$9$9
15.914 T ROWE PRICE CAP APPRECIATIONP2018-01-052018-01-05$455$429$26$26
7.161 TWEEDY BROWNE GLOBAL VALUEP2018-01-052018-01-05$206$189$17$17
2.535 VALUE LINE SMALL CAPP2018-01-052018-01-05$133$120$13$13
14.459 VANGUARD HIGH DIVID YLD INDEXP2018-01-052018-01-05$496$449$47$47
FieldValueIRS element (for citing)
Capital Gain Net Income$173CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$173NetShortTermCapitalGainLossAmt

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
Form990 T FiledfalseForm990TFiledInd
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
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd
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$28,571
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$670,564AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$20,474AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$691,038TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$691,038AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$10,366CashDeemedCharitableAmt
Net Vl Noncharitable Assets$680,672NetVlNoncharitableAssetsAmt
Minimum Investment Return$34,034MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$34,034MinimumInvestmentReturnAmt
Distributable Before Adj$34,034DistributableBeforeAdjAmt
Distributable Before Ded$34,034DistributableBeforeDedAmt
Distributable As Adjusted$34,034DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$54,670ExpensesAndContributionsAmt
Qualifying Distributions$54,670QualifyingDistributionsAmt
Adjusted Qualifying Distri$54,670AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$34,034DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$29,774ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$55,081ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$44,163ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$129,018TotalExcessDistributionCyovAmt
Qualifying Distributions$54,670QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$34,034AppliedToCurrentYearAmt
Remaining Distri From Corpus$20,636RemainingDistriFromCorpusAmt
Total Corpus$149,654TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$149,654ExcessDistriCyovToNextYrAmt
Excess From Year3$29,774ExcessFromYear3Amt
Excess From Year2$55,081ExcessFromYear2Amt
Excess From Year1$44,163ExcessFromYear1Amt
Excess From Current Year$20,636ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
THE ISADORA DUNCAN DANCE CO
141 WEST 26TH ST 3RD FLNEW YORKNY10001PCFOR DANCE PERFORMANCES$3,000
BARNERT TEMPLE
747 Route 208 SouthFRANKLIN LAKESNJ07417PFRELIGIOUS$1,000
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.$2,000
NEW YORK PHILHARMONIC
10 LINCOLN CENTER PLAZANEW YORKNY10023PCGENERAL$250
ARTS UNBOUND
544 FREEMAN STREETORANGENJ07050PCFOR ARTISTS WITH DISABILITIES$3,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$12,250TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$19ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$173ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescROYALTIESDesc
Exclusion15ExclusionCd
Exclusion$1,583ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$1,778ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,778TotalIncomeProducingActyAmt

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$2,000Amt
Net Investment Income$1,000NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,000DisbursementsCharitablePrpsAmt

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$25,220LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$12,610DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
JACKSON NATIONAL LIFE ANNUITY$179,809$161,643$161,643
PRUDENTIAL ANNUITY$518,085$462,281$462,281

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ACCOUNT FEES$30$30
ASSET MANAGEMENT FEES$12,856$12,856
BANK CHARGES$139$139
NYS FILING FEE$100$100

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescROYALTIESDesc
Revenue And Expenses Per Books$1,583RevenueAndExpensesPerBooksAmt

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