Abrams Ramat Gan Foundation
- Assets
- $2.4m
- Revenue
- $335.0k
- Investments
- $2.3m
- Employees
- 0
- Location
- Santa Barbara, CA
- Founding
- 03/2016
- Data as of
- 12/2022
- EIN
- 46-4369499
Organization Overview
Abrams Ramat Gan Foundation is located in Santa Barbara, CA. The organization was established in 2016. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Abrams Ramat Gan 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, Abrams Ramat Gan Foundation generated $335.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (22.0%) each year. All expenses for the organization totaled $5.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Abrams Ramat Gan Foundation has awarded 43 individual grants totaling $5,866,515. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ABRAMS RAMAT GAN FOUNDATION IS IN ITS EARLY STAGE. FROM CONTRIBUTIONS RECEIVED AND THE EARNINGS THEREON, THE FOUNDATION PLANS TO MAKE DONATIONS TO QUALIFIED PUBLIC CHARITABLE, EDUCATIONAL AND SCIENTIFIC ORGANIZATIONS, PROVIDED SUCH DONATIONS ARE IN COMPLIANCE WITH ALL FEDERAL AND STATE TAX LAWS AND WILL NOT CAUSE THE FOUNDATION TO JEOPARDIZE ITS TAX-EXEMPT STATUS. THE AFOREMENTIONED ORGANIZATIONS WILL IDEALLY BE BASED IN CALIFORNIA; HOWEVER, DONATIONS TO EXCEPTIONALLY MERITORIOUS ORGANIZATIONS WILL BE CONSIDERED REGARDLESS OF THE GEOGRAPHIC LOCATION OF SUCH ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daryl J Abrams President | 20 | $85,776 | |
Tamara B Abrams Secretary | 20 | $61,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $125,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $183,625 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,347 |
| Capital Gain Net Income | $26,347 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $334,972 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $147,576 |
| Other employee salaries and wages | $3,600 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,712 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40,203 |
| Total operating and administrative expenses | $217,918 |
| Contributions, gifts, grants paid | $5,442,515 |
| Total expenses and disbursements | $5,660,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,968 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,422,252 |
| 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 | $9,092 |
| Total liabilities | $9,092 |
Grants Awarded
Over the last fiscal year, Abrams Ramat Gan Foundation has awarded $5,442,515 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ISAAC GEORGIA ABRAMS FAMILY FOUNDAT PURPOSE: GENERAL SUPPORT | $2,589,371 |
NAT AND GEORGIA ABRAMS FAMILY FOUND PURPOSE: GENERAL SUPPORT | $2,589,370 |
ISAAC GEORGIA ABRAMS FAMILY FOUNDAT PURPOSE: GENERAL SUPPORT | $131,887 |
NAT AND GEORGIA ABRAMS FAMILY FOUND PURPOSE: GENERAL SUPPORT | $131,887 |