Abramson Senior Care Foundation
- Assets
- $48.0m
- Revenue
- $484.6k
- Investments
- $6.2m
- Employees
- 0
- Location
- Blue Bell, PA
- Founding
- 11/2019
- Data as of
- 06/2021
- EIN
- 83-4603779
Organization Overview
Abramson Senior Care Foundation is located in Blue Bell, PA. The organization was established in 2019. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abramson Senior Care Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CARRY OUT THE PURPOSES OF THE MADLYN AND LEONARD ABRAMSON CENTER FOR JEWISH LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ABRAMSON SENIOR CARE FOUNDATION PROVIDES FINANCIAL SUPPORT TO MADLYN AND LEONARD ABRAMSON CENTER FOR JEWISH LIFE WHO ASSIST IN OFFERING COORDINATED SYSTEM OF HEALTHCARE AND SOCIAL SERVICE FOR THE ELDERLY AND THEIR FAMILIES. THE FOUNDATION SUPPORTS THE MADLYN AND LEONARD ABRAMSON CENTER MISSION TO CARE FOR AND PROVIDE SUPPORT TO THE FRAIL AND ELDERLY POPULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Irvine President/ceo | OfficerTrustee | 0.05 | $0 |
Neal Grabell Chair/secretary | OfficerTrustee | 0.05 | $0 |
Greg Smith Treasurer/cfo | Officer | 0.05 | $0 |
Robin Brandies VP Of Development | Officer | 20 | $0 |
Lorraine Drobry Trustee | Trustee | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,075 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,075 |
| Total Program Service Revenue | $0 |
| Investment income | $401,361 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,210 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $484,646 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $73,465 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $266 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $73,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,130 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,748 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $41,816,139 |
| Investments—other securities | $6,168,851 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $48,042,868 |
| Accounts payable and accrued expenses | $71 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $71 |
| Net assets without donor restrictions | $45,014,170 |
| Net assets with donor restrictions | $3,028,627 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $48,042,868 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Abramson Senior Care Foundation has recieved totaling $9,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $6,500 |
The Judith And Marc Felgoise Charitable Foundation Fort Washington, PA PURPOSE: GENERAL | $2,500 |
Endowment Analysis
| Beg. Balance | $12,924,714 |
| Earnings | $2,454,050 |
| Net Contributions | $250,000 |
| Other Expense | $459,360 |
| Ending Balance | $15,169,404 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shear Family Foundation Inc Pittsburgh, PA | $193,925,105 | $4,615,784 |
Veterans Of Foreign Wars Of Ohio Charities Columbus, OH | $6,551,466 | $8,213,931 |
Greater Ridgewood Youth Council Inc Ridgewood, NY | $6,525,051 | $8,713,714 |
Rite Aid Healthy Futures Camp Hill, PA | $33,191,715 | $15,687,011 |
Glasswing International Usa Inc New York, NY | $37,699,055 | $11,179,883 |
The Samberg Family Foundation Katonah, NY | $0 | $4,486,499 |
Single Stop Usa Inc New York, NY | $4,715,111 | $5,987,742 |
Malchus Foundation Brooklyn, NY | $24,956,883 | $30,497,983 |
The Disability Fund Inc Rockville Centre, NY | $63,283,408 | $4,939,746 |
Barrier Free Living Holding Inc Bronx, NY | $3,190,190 | $5,409,124 |
The Viscardi Center Inc Albertson, NY | $40,315,327 | $5,189,611 |
Alleghenies United Cerebral Palsy Johnstown, PA | $2,752,154 | $5,551,260 |