THE ROBERT M ABRAMSON FOUNDATION INC: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
THE ROBERT M ABRAMSON FOUNDATION INC (EIN 13-3298527)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-10-23
IRS object ID
202522969349100407
Schema version
2024v5.2
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)
Return2025-10-23T06:44:39-07:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

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 Begin2024-01-01TaxPeriodBeginDt

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
Signature2025-10-23SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonWILLIAM CARBONARIPreparerPersonNm
PTINP00908639PTIN
Phone8456248071PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$577,088FMVAssetsEOYAmt
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$96InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$96InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$11,350DividendsRevAndExpnssAmt
Dividends Net Invst Incm$11,350DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$14,327NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$107,127GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$14,327CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$612OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$26,385TotalRevAndExpnssAmt
Total Net Invst Incm$25,773TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$7,039LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl$3,520LegalFeesDsbrsChrtblAmt
Taxes Rev And Expnss$49TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$6,827OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$6,587OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$100OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$13,915TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$6,587TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$3,620TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$28,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$28,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$41,915TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$6,587TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$31,620TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$15,530ExcessRevenueOverExpensesAmt
Net Investment Income$19,186NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$7,656CashBOYAmt
Cash EOY$18,000CashEOYAmt
Cash EOYFMV$18,000CashEOYFMVAmt
Sav And Temp Cash Invst BOY$6,571SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$4,579SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$4,579SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$412,688OtherInvestmentsBOYAmt
Other Investments EOY$405,769OtherInvestmentsEOYAmt
Other Investments EOYFMV$405,769OtherInvestmentsEOYFMVAmt
Other Assets BOY$135,475OtherAssetsBOYAmt
Other Assets EOY$148,740OtherAssetsEOYAmt
Other Assets EOYFMV$148,740OtherAssetsEOYFMVAmt
Total Assets BOY$562,390TotalAssetsBOYAmt
Total Assets EOY$577,088TotalAssetsEOYAmt
Total Assets EOYFMV$577,088TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$562,390CapitalStockBOYAmt
Capital Stock EOY$577,088CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$562,390TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$577,088TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$562,390TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$577,088TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$562,390TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$15,530ExcessRevenueOverExpensesAmt
Other Increases$30,228OtherIncreasesAmt
Subtotal$577,088SubtotalAmt
Tot Net Ast Or Fund Balances EOY$577,088TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
PUBLICLY TRADED SECURITIES$3,464$3,146$318$318
PUBLICLY TRADED SECURITIES$103,563$89,654$13,909$13,909
Capital Gain Dividends$100
FieldValueIRS element (for citing)
Capital Gain Net Income$14,327CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$318NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$267InvestmentIncomeExciseTaxAmt
Subtotal$267SubtotalAmt
Tax Based On Investment Income$267TaxBasedOnInvestmentIncomeAmt
Tax Due$267TaxDueAmt
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 200MONTVALENJ07645Director0.10$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$562,841AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$18,877AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$581,718TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$581,718AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$8,726CashDeemedCharitableAmt
Net Vl Noncharitable Assets$572,992NetVlNoncharitableAssetsAmt
Minimum Investment Return$28,650MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$28,650MinimumInvestmentReturnAmt
Tax Based On Investment Income$267TaxBasedOnInvestmentIncomeAmt
Total Tax$267TotalTaxAmt
Distributable Before Adj$28,383DistributableBeforeAdjAmt
Distributable Before Ded$28,383DistributableBeforeDedAmt
Distributable As Adjusted$28,383DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$31,620ExpensesAndContributionsAmt
Qualifying Distributions$31,620QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$28,383DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$34,295ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr2$3,398ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$37,693TotalExcessDistributionCyovAmt
Qualifying Distributions$31,620QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$28,383AppliedToCurrentYearAmt
Remaining Distri From Corpus$3,237RemainingDistriFromCorpusAmt
Total Corpus$40,930TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$34,295ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$6,635ExcessDistriCyovToNextYrAmt
Excess From Year2$3,398ExcessFromYear2Amt
Excess From Current Year$3,237ExcessFromCurrentYearAmt

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$6,000
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$3,000
DALCROZE SOCIETY OF AMERICA-NY CHAP
C/O D CATANEO 18 FAIRVIEW DRIVEROCKAWAYNJ07866PCPERFORMING ARTS$2,500
INTERNATIONAL WINE FOOD SOCIETY FDT
14 OBRIEN COURTBEDMINSTERNJ07921PCSCHOLARSHIPS$4,000
SOUTHAMPTON CULTURAL CENTER
25 POND LANESOUTHHAMPTONNY11968PCPERFORMING ARTS$2,500
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$96ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$11,350ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$14,327ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescROYALTIESDesc
Exclusion15ExclusionCd
Exclusion$612ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$26,385ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$26,385TotalIncomeProducingActyAmt

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

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
MERRILL LYNCH BROKERAGE ACCOUNTFMV$404,318$404,318
AMERIPRISE BROKERAGE ACCOUNTFMV$1,451$1,451

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLegal FeesCategoryTxt
Legal Fees$7,039LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$3,520DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
DIVIDENDS RECEIVABLE$12$12$12
JACKSON NATIONAL LIFE ANNUITY$135,463$148,728$148,728

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ACCOUNT MAINTENANCE FEES$100$100
BANK CHARGES$140
FOREIGN TAXES PAID$178$178
INVESTMENT ADVISORY FEES$6,309$6,309
NYS FILING FEE$100$100

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescROYALTIESDesc
Revenue And Expenses Per Books$612RevenueAndExpensesPerBooksAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryIRS EXCISE TAXCategoryTxt
Amt$49Amt

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