Rona And Jeffrey Abramson Foundation
- Assets
- $47.8m
- Revenue
- $3.1m
- Investments
- $17.7m
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 03/2012
- Data as of
- 12/2021
- EIN
- 45-4116761
Organization Overview
Rona And Jeffrey Abramson Foundation is located in Rockville, MD. The organization was established in 2012. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Rona And Jeffrey Abramson 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 12/2021, Rona And Jeffrey Abramson Foundation generated $3.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Rona And Jeffrey Abramson Foundation has awarded 364 individual grants totaling $14,305,223. 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 |
|---|---|---|---|
Jeffrey S Abramson Trustee-Part | 7 | $0 | |
Michelle Floh Chief Executive Officer | 30 | $197,992 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Daniela Romagnoli | 12/30/22 | $65,298 |
Castlefield Consulting Llc | 12/30/22 | $105,355 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $650,000 |
| Interest on Savings | $294 |
| Dividends & Interest | $1,153,590 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,281,593 |
| Capital Gain Net Income | $1,281,593 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,977 |
| Total Revenue | $3,092,454 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $298,804 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $35,275 |
| Interest | $0 |
| Taxes | $39,311 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,885 |
| Printing and publications | $0 |
| Other expenses | $135,491 |
| Total operating and administrative expenses | $568,420 |
| Contributions, gifts, grants paid | $2,385,346 |
| Total expenses and disbursements | $2,953,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,400,455 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $27,719,031 |
| 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 | $1,442,740 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $47,786,937 |
| Accounts payable and accrued expenses | $27,030 |
| 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 | $27,030 |
Grants Awarded
Over the last fiscal year, Rona And Jeffrey Abramson Foundation has awarded $2,455,256 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
A MUSICAL HEART PURPOSE: UNRESTRICTED FUNDS | $2,500 |
ACLU FOUNDATION PURPOSE: UNRESTRICTED FUNDS | $2,750 |
AFRICA COLLEGE FUND PURPOSE: UNRESTRICTED FUNDS | $30,500 |
ALZHEIMER'S ASSOCIATION PURPOSE: UNRESTRICTED FUNDS | $2,500 |
BRAHMANANDA SARASWATI FOUNDATION PURPOSE: UNRESTRICTED FUNDS | $270,000 |
CAMBODIAN CHILDREN'S FUND PURPOSE: UNRESTRICTED FUNDS | $1,500 |