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← ABRASBA FOUNDATION

Form 990 for tax year 2024

Filed by ABRASBA FOUNDATION.

Totals

Total revenue
$4,785,952
Total expenses
$967,726
Contributions and grants received
$3,685,850
Grants paid
$921,352
Program service revenue
$0
Investment income
$825,275
Other revenue
$274,827
Total assets, end of year
$25,570,494
Total liabilities, end of year
$1,603,575
Net assets or fund balances, end of year
$23,966,919
Program services expenses (Part IX)
$921,352
Management and general expenses
$46,374
Fundraising expenses
$0
Program service expenses (Part III)
$921,352

Program services were 95.2% 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.

  • 1f · All other contributions, gifts and grants

    $3,685,850

  • 1g · Noncash contributions included above

    $2,185,850

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $366,383 · excluded $366,383

  • 6a · Gross rents

    real property $32,000

  • 6c · Rental income or loss

    real property $32,000 · personal property $0

  • 6d · Net rental income or loss

    total $32,000 · excluded $32,000

  • 7a · Gross sales of assets other than inventory

    securities $5,009,814

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

    securities $4,550,922

  • 7c · Gain or loss

    securities $458,892 · other assets $0

  • 7d · Net gain or loss

    total $458,892 · excluded $458,892

  • 11a · Other revenue: Partnership Income / Interest

    total $242,710 · excluded $242,710

  • 11b · Other revenue: Other income

    total $117 · excluded $117

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $242,827

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $346,352 · program services $346,352

  • 3 · Grants to foreign organizations and individuals

    total $575,000 · program services $575,000

  • 11c · Fees: accounting

    total $4,717 · management and general $4,717

  • 11f · Fees: investment management

    total $35,861 · management and general $35,861

  • 11g · Fees: other

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

  • 23 · Insurance

    total $1,950 · management and general $1,950

  • 24a · Other expenses: Real Estate partnership expense

    total $3,626 · management and general $3,626

  • 24b · Other expenses: Taxes & Fees

    total $220 · management and general $220

  • 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 $0

  • 2 · Savings and temporary cash investments

    beginning of year $499,634 · end of year $1,142,178

  • 3 · Pledges and grants receivable

    beginning of year $0

  • 4 · Accounts receivable

    beginning 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

  • 8 · Inventories for sale or use

    beginning of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0

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

    $715,000

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $715,000 · end of year $715,000

  • 11 · Investments: publicly traded securities

    beginning of year $7,870,934 · end of year $9,088,604

  • 12 · Investments: other securities

    beginning of year $11,491,167 · end of year $14,624,712

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0

  • 15 · Other assets

    beginning of year $1,650 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0

  • 18 · Grants payable

    beginning of year $1,834,036 · end of year $1,589,388

  • 19 · Deferred revenue

    beginning of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0

  • 21 · Escrow or custodial account liability

    beginning 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

  • 24 · Unsecured notes and loans payable

    beginning of year $0

  • 25 · Other liabilities

    beginning of year $13,920 · end of year $14,187

  • 27 · Net assets without donor restrictions

    beginning of year $18,730,429 · end of year $23,966,919

  • 28 · Net assets with donor restrictions

    beginning of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0

Mission and programs · 2024

Mission

PROVIDE FUNDING FOR ORGANIZATIONS TO PROMOTE AND PROVIDE CHARITABLE AND EDUCATIONAL PROGRAMS AND SERVICES.

  • CHARITABLE GIVING

    Expenses $921,352 · Grants $921,352

As filed on the 2024 return.

Listed in Part VII

  • Alan Gindi

    PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Barbara Gindi

    VICE PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Marvin Schotland

    SECRETARY/DIRECTOR (END 6/24)

    Total calculated
    $35,000
    From this org
    $0
    From related orgs
    $35,000
    Other
    $0
    Hours/week
    0 + 40 related

  • Aaron Lerner

    DIRECTOR

    Total calculated
    $664,762
    From this org
    $0
    From related orgs
    $457,974
    Other
    $206,788
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $457,073 related
    Bonus
    $0
    Other
    $0 + $901 related
    Deferred
    $0 + $192,810 related
    Nontaxable benefits
    $0 + $13,978 related
    Filer's total
    $0 + $664,762 related

  • Jordan Lurie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Lawrence Rauch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1.1 related

  • Aaron Inlender

    Vice President

    Total calculated
    $0
    Hours/week
    0.1

  • Deborah Johnston

    Treasurer

    Total calculated
    $369,842
    From this org
    $0
    From related orgs
    $327,105
    Other
    $42,737
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $317,105 related
    Bonus
    $0 + $10,000 related
    Other
    $0
    Deferred
    $0 + $24,538 related
    Nontaxable benefits
    $0 + $18,199 related
    Filer's total
    $0 + $369,842 related

  • Ellen Rosen

    SECRETARY (BEG 6/24)

    Total calculated
    $267,610
    From this org
    $0
    From related orgs
    $231,014
    Other
    $36,596
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $221,014 related
    Bonus
    $0 + $10,000 related
    Other
    $0
    Deferred
    $0 + $22,842 related
    Nontaxable benefits
    $0 + $13,754 related
    Filer's total
    $0 + $267,610 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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BAG WHITE SETTLEMENT #199 LLC

    REAL ESTATE · CA · income $66,550 · assets $1,092,000

    Directly controlled by ABRASBA

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.1
Source object
202503189349315210

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