Lester G Abeloff Foundation
- Assets
- $24.8m
- Revenue
- $1.1m
- Investments
- $24.4m
- Employees
- 0
- Location
- Stroudsburg, PA
- Founding
- 09/2010
- Data as of
- 12/2022
- EIN
- 26-3528330
Organization Overview
Lester G Abeloff Foundation is located in Stroudsburg, PA. The organization was established in 2010. 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. Lester G Abeloff Foundation 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 12/2022, Lester G Abeloff Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 11.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lester G Abeloff Foundation has awarded 273 individual grants totaling $6,309,600. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Cahn President/treasurer | 10 | $60,000 | |
Rebekah Newman Secretary | 10 | $60,000 | |
Jason Cahn Director | 5 | $0 | |
Aaron Cahn Director (10/1/22-12/31/22) | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $28 |
| Dividends & Interest | $852,318 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $224,586 |
| Capital Gain Net Income | $224,586 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,076,932 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $69,688 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,987 |
| Total operating and administrative expenses | $341,613 |
| Contributions, gifts, grants paid | $1,399,000 |
| Total expenses and disbursements | $1,740,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $333,850 |
| 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 | $1,316,334 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $24,764,616 |
| 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, Lester G Abeloff Foundation has awarded $1,399,000 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
ANIMAL WELFARE SOCIETY OF MONROE COUNTY (AWSOM) PURPOSE: SUPPORT FOR ANIMAL SERVICES | $1,000 |
AMERICAN FRIENDS OF THE HEBREW UNIVERSITY PURPOSE: HEBREW UNIVERSITY SUPPORT | $5,000 |
BIG BROTHERS BIG SISTERS OF THE NORTHEASTERN PENNSYLVANIA PURPOSE: SUPPORT OF THE PROGRAM COSTS FOR CHILDREN | $1,200 |
B'NAI B'RITH INTERNATIONAL PURPOSE: TO PROMOTE JEWISH UNITY & CONTINUITY | $5,000 |
BRODHEAD WATERSHED ASSOCIATION PURPOSE: SUPPORT FOREVERGREEN NATURE PRESERVE | $500 |
JEWISH FELLOWSHIP OF HEMLOCK FARMS PURPOSE: SUPPORT FOR JEWISH COMMUNITY | $1,000 |