Salem And Ruth Ann Abraham Foundation
- Assets
- $2.0m
- Revenue
- $139.4k
- Investments
- $2.0m
- Employees
- 0
- Location
- Canadian, TX
- Founding
- 04/2008
- Data as of
- 12/2021
- EIN
- 26-1568488
Organization Overview
Salem And Ruth Ann Abraham Foundation is located in Canadian, TX. The organization was established in 2008. 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. Salem And Ruth Ann Abraham Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Salem And Ruth Ann Abraham Foundation has awarded 20 individual grants totaling $1,596,000. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIONS TO LELAND STANDFORD JUNIOR UNIVERSITY 250,000. DISTRIBUTIONS TO HIGH PLAINS CHILDREN'S HOME 1,000.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Salem Abraham President/tr | 0 | $0 | |
Ruth Ann Abraham Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,134 |
| Dividends & Interest | $4,204 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $176,825 |
| Capital Gain Net Income | $176,825 |
| Net ST Capital Gain | $50,127 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$48,790 |
| Total Revenue | $139,373 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $4 |
| Taxes | $31 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $600 |
| Total operating and administrative expenses | $2,345 |
| Contributions, gifts, grants paid | $251,000 |
| Total expenses and disbursements | $253,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34 |
| Savings and temporary cash investments | $5,741 |
| 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 | $7,069 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,047,514 |
| Accounts payable and accrued expenses | $6,063 |
| 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 | $6,063 |
Grants Awarded
Over the last fiscal year, Salem And Ruth Ann Abraham Foundation has awarded $251,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LELAND STANFORD JUNIRO UNIVERSITY PURPOSE: THE STANFORD FUND | $250,000 |
HIGH PLAINS CHILDREN'S HOME PURPOSE: IN MEMORY OF BOB WILBURN | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |