Abrams Family Foundation
- Assets
- $2.1m
- Revenue
- $142.4k
- Investments
- $1.6m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 12/2016
- Data as of
- 12/2023
- EIN
- 47-5673855
Organization Overview
Abrams Family Foundation is located in Detroit, MI. The organization was established in 2016. 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. Abrams Family 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, Abrams Family Foundation generated $142.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (29.3%) each year. All expenses for the organization totaled $322.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Abrams Family Foundation has awarded 78 individual grants totaling $1,938,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian T Abrams Treasurer | 0.5 | $0 | |
Lauren A Abrams Secretary | 0.5 | $0 | |
Kimberly A Abrams Vice President | 0.5 | $0 | |
Thomas L Abrams President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24,634 |
| Dividends & Interest | $51,475 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$42,300 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $108,639 |
| Total Revenue | $142,448 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $322,000 |
| Total expenses and disbursements | $322,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $440,916 |
| 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 | $2,090,341 |
| 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, Abrams Family Foundation has awarded $322,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ASPCA PURPOSE: FOR GENERAL OPERATING SUPPORT. | $5,000 |
THE HUMANE SOCIETY OF THE UNITED ST PURPOSE: FOR GENERAL OPERATING SUPPORT. | $25,000 |
MAYO CLINIC PURPOSE: FOR GENERAL OPERATING SUPPORT. | $35,000 |
MICHIGAN HUMANE SOCIETY PURPOSE: FOR GENERAL OPERATING SUPPORT. | $130,000 |
HUMANE SOCIETY GENESEE COUNTY PURPOSE: FOR GENERAL OPERATING SUPPORT. | $5,000 |
HUMANE SOCIETY OF HURON VALLEY PURPOSE: FOR GENERAL OPERATING SUPPORT | $2,000 |