Paul And Marcy Abrams Family Foundation Inc
- Assets
- $308.3k
- Revenue
- -$1.4k
- Investments
- $300.6k
- Employees
- 0
- Location
- Paterson, NJ
- Founding
- 06/2012
- Data as of
- 12/2023
- EIN
- 45-4013613
Organization Overview
Paul And Marcy Abrams Family Foundation Inc is located in Paterson, NJ. The organization was established in 2012. 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. Paul And Marcy Abrams Family 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul H Abrams President | 1 | $0 | |
Marcia Abrams Secretary | 1 | $0 | |
Jeffrey L Abrams Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,986 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,379 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$1,393 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $290 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,582 |
| Total operating and administrative expenses | $2,872 |
| Contributions, gifts, grants paid | $15,795 |
| Total expenses and disbursements | $18,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,752 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $308,326 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Paul And Marcy Abrams Family Foundation Inc has awarded $15,795 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL SUPPORT | $3,800 |
BARNERT TEMPLE PURPOSE: GENERAL SUPPORT | $415 |
CAMP ACORN INC PURPOSE: GENERAL SUPPORT | $500 |
JEWISH FEDERATION OF PALM BEACH PURPOSE: GENERAL SUPPORT | $3,180 |
MEMORIAL SLOAN KETTERING PURPOSE: GENERAL SUPPORT | $1,000 |
PALM BEACH COUNTY FOOD BANK PURPOSE: GENERAL SUPPORT | $4,000 |