Abroms Charitable Foundation Inc

Organization Overview

Abroms Charitable Foundation Inc is located in Mountain Brook, AL. The organization was established in 1970. 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. Abroms Charitable 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 11/2022, Abroms Charitable Foundation Inc generated $257.1k 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 (24.9%) each year. All expenses for the organization totaled $488.8k during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Abroms Charitable Foundation Inc has awarded 131 individual grants totaling $1,561,413. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

N/A


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $110,000
Interest on Savings $24
Dividends & Interest $114,727
Net Rental Income$0
Net Gain on Sale of Assets $32,303
Capital Gain Net Income $32,303
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $257,054

Grants Awarded

Over the last fiscal year, Abroms Charitable Foundation Inc has awarded $438,550 in support to 27 organizations.

Grant RecipientAmount

RED MOUNTAIN THEATRE COMPANY

PURPOSE: SUPPORT FOR GENERAL PRODUCTION

$252,500

CHABAD OF ALABAMA

PURPOSE: ANNUAL SUPPORT

$25,000

UNITED WAY OF CENTRAL ALABAMA

PURPOSE: GENERAL FUNDS

$25,000

TEMPLE EMANU-EL

PURPOSE: RELIGIOUS SUPPORT

$21,050

ALABAMA SYMPHONY ORCHESTRA

PURPOSE: FUNDS TO SUPPORT PERFORMING ARTS

$20,500

Birmingham, AL

PURPOSE: GENERAL SUPPORT - CIVIC

$15,000
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