Morton S Abelson Foundation
- Assets
- $185.7k
- Revenue
- $50.5k
- Investments
- $147.5k
- Employees
- 0
- Location
- Highland Park, IL
- Founding
- 07/1967
- Data as of
- 12/2021
- EIN
- 36-6149634
Organization Overview
Morton S Abelson Foundation is located in Highland Park, IL. The organization was established in 1967. 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. Morton S Abelson 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 12/2021, Morton S Abelson Foundation generated $50.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $19.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Morton S Abelson Foundation has awarded 98 individual grants totaling $122,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan A Star President, Secretary, & Tr | 0 | $0 | |
Michael A Abelson V.P. Dir | 0 | $0 | |
Robert Star Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,399 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $40,081 |
| Capital Gain Net Income | $40,081 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,480 |
| 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 | $0 |
| Total operating and administrative expenses | $1,400 |
| Contributions, gifts, grants paid | $18,250 |
| Total expenses and disbursements | $19,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,159 |
| Savings and temporary cash investments | $0 |
| 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 | $145,419 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $185,653 |
| 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, Morton S Abelson Foundation has awarded $18,250 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
San Jose, CA PURPOSE: GENERAL | $10,000 |
JEWISH UNITED FUND PURPOSE: GENERAL | $5,000 |
ACLU PURPOSE: GENERAL | $1,000 |
Evanston, IL PURPOSE: GENERAL | $1,000 |
SONIA SHANKMAN ORTHOGENIC SCHOOL PURPOSE: GENERAL | $1,000 |
Glenview, IL PURPOSE: GENERAL | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Genyouth Inc Rosemont, IL | $9,087,915 | $10,980,091 |
Anheuser-Busch Foundation Clayton, MO | $1,201,059 | $8,412,886 |
Carson-Myre Charitable Foundation Paducah, KY | $72,587,857 | $8,781,396 |
Sondheimer Family Charitable Foundation Wilmette, IL | $0 | $30,820 |
John Joseph Sigstein Foundation Inc Huntington, IN | $0 | $2,327,854 |
Illinois Tool Works Foundation Glenview, IL | $328,623 | $8,500,000 |
Willow Springs Charitable Tr Mt Carroll, IL | $100,115,931 | $21,339,853 |
Hamill Family Foundation Chicago, IL | $55,305,054 | $6,054,241 |
Steward Family Foundation St Louis, MO | $23,736 | $8,567,873 |
We Energies Foundation Inc Milwaukee, WI | $74,423,525 | $6,027,785 |
Grand Victoria Foundation Chicago, IL | $167,134,023 | $22,046,260 |
Richard O Jacobson Foundation Inc Des Moines, IA | $24,841,991 | $13,826,505 |