Abrahamson Foundation
- Assets
- $57.1k
- Revenue
- $2.2k
- Investments
- $41.1k
- Employees
- 0
- Location
- Fargo, ND
- Founding
- 09/1975
- Data as of
- 12/2022
- EIN
- 51-0161368
Organization Overview
Abrahamson Foundation is located in Fargo, ND. The organization was established in 1975. 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. Abrahamson 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, Abrahamson Foundation generated $2.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $1.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Abrahamson President | 0 | $0 | |
Connie Abrahamson Secretary | 0 | $0 | |
Donna Idstrom Director | 0 | $0 | |
Susan Meyer Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $2,228 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,229 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $150 |
| Total operating and administrative expenses | $623 |
| Contributions, gifts, grants paid | $1,200 |
| Total expenses and disbursements | $1,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,584 |
| Savings and temporary cash investments | $12,378 |
| 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 | $41,115 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $57,077 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $7,405 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $23 |
| Total liabilities | $7,428 |
Grants Awarded
Over the last fiscal year, Abrahamson Foundation has awarded $2,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF JAMESTOWN PURPOSE: SCHOLARSHIPS | $1,200 |
ND COMMUNITY FOUNDATION PURPOSE: CONTRIBUTION | $1,000 |