Abraham Kaplan Charitable Foundation
- Assets
- $2.2m
- Revenue
- $442.0k
- Investments
- $1.8m
- Employees
- 0
- Location
- Marblehead, MA
- Founding
- 07/1962
- Data as of
- 12/2023
- EIN
- 04-6067737
Organization Overview
Abraham Kaplan Charitable Foundation is located in Marblehead, MA. The organization was established in 1962. 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. Abraham Kaplan Charitable 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 12/2023, Abraham Kaplan Charitable Foundation generated $442.0k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $378.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Abraham Kaplan Charitable Foundation has awarded 221 individual grants totaling $1,018,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO CHARITABLE ORGANIZATIONS THAT QUALIFY UNDER SECTION 501(C)(3)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald M Kaplan Trustee/manager | 6 | $15,000 | |
Shelley Driesman Trustee | 0 | $0 | |
Jonathan Kaplan Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $142 |
| Dividends & Interest | $61,517 |
| Net Rental Income | $278,375 |
| Net Gain on Sale of Assets | $10,378 |
| Capital Gain Net Income | $10,378 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $441,991 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $63,725 |
| Depreciation | $10,106 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,207 |
| Total operating and administrative expenses | $118,538 |
| Contributions, gifts, grants paid | $260,300 |
| Total expenses and disbursements | $378,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $172,039 |
| 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 | $194,008 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,154,123 |
| 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 | $22,709 |
| Total liabilities | $22,709 |
Grants Awarded
Over the last fiscal year, Abraham Kaplan Charitable Foundation has awarded $260,300 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
BLOCK ISLAND EMT PURPOSE: CHARITABLE | $1,500 |
ANTI-DEFAMATION LEAGUE PURPOSE: CHARITABLE | $1,000 |
BETH ISRAEL DEACONESS PURPOSE: CHARITABLE | $500 |
BLOCK ISLAND HISTORICAL SITE PURPOSE: CHARITABLE | $1,000 |
BLOCK ISLAND MEDICAL CENTER PURPOSE: CHARITABLE | $15,000 |
BOSTON UNIVERSITY PURPOSE: CHARITABLE | $57,500 |