Abe And Kathryn Selsky Foundation Inc
- Assets
- $3.9m
- Revenue
- $420.4k
- Investments
- $3.5m
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 02/1997
- Data as of
- 12/2021
- EIN
- 52-2006783
Organization Overview
Abe And Kathryn Selsky Foundation Inc is located in Rockville, MD. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abe And Kathryn Selsky Foundation Inc 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, Abe And Kathryn Selsky Foundation Inc generated $420.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $373.4k during the year ending 12/2021. While expenses have increased by 2.5% 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 2014, Abe And Kathryn Selsky Foundation Inc has awarded 200 individual grants totaling $1,910,000. 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 |
|---|---|---|---|
Ronald D Abramson Secretary/treas | 1 | $0 | |
Jeffrey S Abramson President & Dir | 1 | $0 | |
Gary M Abramson Director | 1 | $0 | |
Lisa Reich Dillion Vice President | 1 | $0 | |
Beth Rubenstein Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $83,966 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $336,394 |
| Capital Gain Net Income | $336,394 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $420,360 |
| 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 | $39,878 |
| Total operating and administrative expenses | $45,878 |
| Contributions, gifts, grants paid | $327,500 |
| Total expenses and disbursements | $373,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $402,184 |
| 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 | $1,231,459 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,939,089 |
| Accounts payable and accrued expenses | $652 |
| 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 | $652 |
Grants Awarded
Over the last fiscal year, Abe And Kathryn Selsky Foundation Inc has awarded $327,500 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
YOUTH ART EXCHANGE PURPOSE: GENERAL UNRESTRICTED | $23,000 |
Washington, DC PURPOSE: GENERAL UNRESTRICTED | $22,500 |
Rockville, MD PURPOSE: GENERAL UNRESTRICTED | $20,000 |
Rockville, MD PURPOSE: GENERAL UNRESTRICTED | $20,000 |
Washington, DC PURPOSE: GENERAL UNRESTRICTED | $15,000 |
JEWISH NATIONAL FUND PURPOSE: GENERAL UNRESTRICTED | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thurgood Marshall College Fund Inc Washington, DC | $121,810,471 | $98,266,975 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Breakthrough Prize Foundation Washington, DC | $10,581,357 | $48,295,695 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Virginia Student Aid Foundation Charlottesville, VA | $165,530,915 | $45,876,846 |
Foundation For Advanced Education In The Sciences Inc Bethesda, MD | $54,757,501 | $41,367,941 |
Horatio Alger Association Of Distinguished Americans Inc Alexandria, VA | $58,355,936 | $27,092,429 |
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
American Association Of University Women Inc Washington, DC | $138,843,361 | $18,528,803 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Indian Paintbrush Foundation Washington, DC | $2,617,521,485 | $1,521,981,843 |