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← AABR FOUNDATION INC

Form 990 for tax year 2023

Filed by AABR FOUNDATION INC.

Totals

Total revenue
$429,088
Total expenses
$164,546
Contributions and grants received
$329,398
Grants paid
$0
Program service revenue
$0
Investment income
$212,195
Other revenue
-$112,505
Total assets, end of year
$11,748,413
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$11,748,413
Program services expenses (Part IX)
$0
Management and general expenses
$125,306
Fundraising expenses
$39,240
Program service expenses (Part III)
$0

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $188,200

  • 1f · All other contributions, gifts and grants

    $141,198

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $196,488 · excluded $196,488

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $1,126,889

  • 7b · Less cost or other basis and sales expenses

    securities $1,111,182

  • 7c · Gain or loss

    securities $15,707 · other assets $0

  • 7d · Net gain or loss

    total $15,707 · excluded $15,707

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $188,200

  • 8b · Fundraising events: direct expenses

    $112,505

  • 8c · Net income from fundraising events

    total -$112,505 · excluded -$112,505

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $69,797 · management and general $69,797

  • 11f · Fees: investment management

    total $26,728 · management and general $26,728

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $32,870 · fundraising $32,870

  • 24a · Other expenses: Miscellaneous

    total $7,127 · management and general $757 · fundraising $6,370

  • 24b · Other expenses: Bank Fees

    total $28,024 · management and general $28,024

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,158,340 · end of year $981,686

  • 2 · Savings and temporary cash investments

    beginning of year $1,010,183 · end of year $1,356,085

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $862 · end of year $862

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $4,059,104 · end of year $4,391,063

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $4,734,965 · end of year $5,018,717

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $10,820,800 · end of year $11,589,753

  • 28 · Net assets with donor restrictions

    beginning of year $142,654 · end of year $158,660

Mission and programs · 2023

Mission

SEE SCHEDULE O.

Activities or mission (Part I)

TO SOLICIT AND RAISE FUNDS TO SUPPORT SPECIALIZED EDUCATION OPPORTUNITIES, COMMUNITY SUPPORT AND FACILITIES FOR THOSE WITH DIFFICULTIES DUE TO NERVOUS OR BIOCHEMICAL SYSTEM DAMAGE.

  • GRANTS TO PUBLIC CHARITIES THAT SUPPORT EDUCATION AND PROVIDE COMMUNITY SUPPORT.

As filed on the 2023 return.

Listed in Part VII

  • Andy Occhino

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jeffrey Meaney

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sheryl Haughton Taylor

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Alfonso Holloman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Amy Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Christine Scott

    BOARD MEMBER (JOINED 10/2023)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Lars Parkin

    BOARD MEMBER (JOINED 09/2023)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Nigel Cudjoe

    BOARD MEMBER (JOINED 09/2023)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Oren Warshavsky

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Randy Rock

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Elizabeth Traynor

    CEO

    Total calculated
    $372,736
    From this org
    $0
    From related orgs
    $308,138
    Other
    $64,598
    Hours/week
    0.4 + 34.6 related

    Schedule J breakdown matched by us

    Base
    $0 + $308,138 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,815 related
    Nontaxable benefits
    $0 + $58,783 related
    Filer's total
    $0 + $372,736 related

  • Richard Flores

    CFO

    Total calculated
    $124,038
    From this org
    $0
    From related orgs
    $124,038
    Other
    $0
    Hours/week
    0.4 + 34.6 related

  • Lynne O'Leary

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $148,716
    From this org
    $0
    From related orgs
    $137,621
    Other
    $11,095
    Hours/week
    0.4 + 34.6 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • AABR INC

    501(c)(3) · HUMAN SERVICES · NY · controlled entity

    Directly controlled by AABR Foundation

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202531359349302468

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