THE ROBERT M ABRAMSON FOUNDATION INC: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
THE ROBERT M ABRAMSON FOUNDATION INC (EIN 13-3298527)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-11-21
IRS object ID
201743259349100204
Schema version
2016v3.0
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)
Return2017-11-21T08:07:14-08:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

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 Begin2016-01-01TaxPeriodBeginDt

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
Signature2017-11-21SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonWilliam CarbonariPreparerPersonNm
PTINP00908639PTIN
Phone8456271040PhoneNum
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$773,151FMVAssetsEOYAmt
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$5InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$5InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$88DividendsRevAndExpnssAmt
Dividends Net Invst Incm$88DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$610NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$3,706GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$610CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$477OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$1,180TotalRevAndExpnssAmt
Total Net Invst Incm$703TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$39,286CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$39,286CompOfcrDirTrstDsbrsChrtblAmt
Legal Fees Rev And Expnss$32,370LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl$16,185LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$2,000AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,000AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$1,000AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$5,750OtherProfFeesRevAndExpnssAmt
Other Prof Fees Dsbrs Chrtbl$5,750OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$46TaxesRevAndExpnssAmt
Taxes Net Invst Incm$46TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$15,684OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$15,446OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$238OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$95,136TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$16,492TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$62,459TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$33,700ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$33,700ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$128,836TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$16,492TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$96,159TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$127,656ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$17,901SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$10,993SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$10,993SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$35,157CorporateStockBOYAmt
Corporate Stock EOY$4,026CorporateStockEOYAmt
Corporate Stock EOYFMV$4,026CorporateStockEOYFMVAmt
Other Assets BOY$811,677OtherAssetsBOYAmt
Other Assets EOY$758,132OtherAssetsEOYAmt
Other Assets EOYFMV$758,132OtherAssetsEOYFMVAmt
Total Assets BOY$864,735TotalAssetsBOYAmt
Total Assets EOY$773,151TotalAssetsEOYAmt
Total Assets EOYFMV$773,151TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$864,735CapitalStockBOYAmt
Capital Stock EOY$773,151CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$864,735TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$773,151TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$864,735TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$773,151TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$864,735TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$127,656ExcessRevenueOverExpensesAmt
Other Increases$36,072OtherIncreasesAmt
Subtotal$773,151SubtotalAmt
Tot Net Ast Or Fund Balances EOY$773,151TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
84.402 PIMCO INCOME FUND CL DP2010-07-082016-07-08$1,005$1,000$5$5
29.201 TWEEDY BROWNE GLOBAL VALUEP2010-07-082016-07-08$714$711$3$3
67.028 VANGUARD HIGH DIVID YLD INDEXP2010-07-082016-07-08$1,917$1,385$532$532
Capital Gain Dividends$70
FieldValueIRS element (for citing)
Capital Gain Net Income$610CapitalGainNetIncomeAmt

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

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$39,286
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$823,107AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$10,968AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$834,075TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$834,075AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$12,511CashDeemedCharitableAmt
Net Vl Noncharitable Assets$821,564NetVlNoncharitableAssetsAmt
Minimum Investment Return$41,078MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$41,078MinimumInvestmentReturnAmt
Distributable Before Adj$41,078DistributableBeforeAdjAmt
Distributable Before Ded$41,078DistributableBeforeDedAmt
Distributable As Adjusted$41,078DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$96,159ExpensesAndContributionsAmt
Qualifying Distributions$96,159QualifyingDistributionsAmt
Adjusted Qualifying Distri$96,159AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$41,078DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$29,774ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$29,774TotalExcessDistributionCyovAmt
Qualifying Distributions$96,159QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$41,078AppliedToCurrentYearAmt
Remaining Distri From Corpus$55,081RemainingDistriFromCorpusAmt
Total Corpus$84,855TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$84,855ExcessDistriCyovToNextYrAmt
Excess From Year1$29,774ExcessFromYear1Amt
Excess From Current Year$55,081ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
The Dalcroze Center
74 LINCOLN AVEARDSLEYNY10502PCMUSIC EDUCATION$8,000
THE DOME PROJECT
486 AMSTERDAM AVENUENEW YORKNY10024PCEDUCATION FOR THE CHALLENGED YOUTH$4,000
FRACTURED ATLAS OUTREACH PROGRAM
248 WEST 35TH STREETNEW YORKNY10001PCSUPPORT FOR ARTISTS$7,500
THE ISADORA DUNCAN DANCE CO
141 WEST 26TH STREET 3RD FLNEW YORKNY10001PCFOR DANCE PERFORMANCES$4,200
BARNERT TEMPLE
747 Route 208 SouthFRANKLIN LAKESNJ07417PFRELIGIOUS$7,000
PIANOFEST INC
PO BOX 639HUDSONOH44236PCContributions for the benefit of outstanding, talented, international young performers$1,000
SOUTHAMPTON CULTURAL CENTER
25 POND LANESOUTHAMPTONNY11968PCRISING STARS PIANO SERIES - To provide performance, exhibition; and compelling arts and cultural education opportunities$2,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$33,700TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$5ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$88ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$610ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescROYALTIESDesc
Exclusion15ExclusionCd
Exclusion$477ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$1,180ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,180TotalIncomeProducingActyAmt

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)
CategoryTax Preparation FeeCategoryTxt
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$32,370LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$16,185DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
JACKSON NATIONAL LIFE ANNUITY$238,123$213,112$213,112
PRUDENTIAL ANNUITY$573,554$545,020$545,020

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ASSET MANAGEMENT FEES$15,446$15,446
BANK CHARGES$138$138
NYS FILING FEE$100$100

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescROYALTIESDesc
Revenue And Expenses Per Books$477RevenueAndExpensesPerBooksAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryCONSULTINGCategoryTxt
Amt$5,750Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$5,750DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryEXCISE TAXCategoryTxt
Amt$46Amt
Net Investment Income$46NetInvestmentIncomeAmt

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