Abroms Charitable Foundation Inc
- Assets
- $5.1m
- Revenue
- $348.1k
- Investments
- $4.6m
- Employees
- 0
- Location
- Mountain Brook, AL
- Founding
- 05/1970
- Data as of
- 11/2023
- EIN
- 23-7058629
Organization Overview
Abroms Charitable Foundation Inc is located in Mountain Brook, AL. The organization was established in 1970. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abroms Charitable Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2023, Abroms Charitable Foundation Inc generated $348.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $198.3k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Abroms Charitable Foundation Inc has awarded 108 individual grants totaling $1,255,063. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harold L Abroms Pres & Treas,director | 2 | $0 | |
James M Abroms Vice Pres,director | 0.5 | $0 | |
Calma A Berman Secretary, Director | 0.5 | $0 | |
Gina A Genz Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $75,000 |
| Interest on Savings | $208 |
| Dividends & Interest | $119,144 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $153,705 |
| Capital Gain Net Income | $153,705 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $348,057 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $172 |
| Total operating and administrative expenses | $36,975 |
| Contributions, gifts, grants paid | $161,350 |
| Total expenses and disbursements | $198,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $562,154 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,170,922 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,124,908 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Abroms Charitable Foundation Inc has awarded $161,350 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU OF ALABAMA PURPOSE: GENERAL SUPPORT - CIVIC | $5,000 |
ALABAMA HOLOCAUST EDUCATION CENTER PURPOSE: SUPPORT FOR THE FIGHT OF CIVIL ISSUES | $5,000 |
ALZHEIMER'S OF CENTRAL ALABAMA PURPOSE: FUNDS TO SUPPORT CAREGIVERS AND PATIENTS IN CENTRAL ALABAMA | $5,000 |
ALABAMA SYMPHONY ORCHESTRA PURPOSE: FUNDS TO SUPPORT PERFORMING ARTS | $10,000 |
AMERICAN FRIENDS OF THE JAFFA INSTITUTE PURPOSE: RELIGIOUS SUPPORT | $2,000 |
AMERICAN JEWISH COMMITTEE PURPOSE: RELIGIOUS SUPPORT | $5,000 |