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Nonprofiteer
← ABNY FOUNDATION INC

Form 990 for tax year 2025

Filed by ABNY FOUNDATION INC.

Totals

Total revenue
$482,885
Total expenses
$442,470
Contributions and grants received
$315,057
Grants paid
$120,000
Program service revenue
$0
Investment income
$68,069
Other revenue
$99,759
Total assets, end of year
$2,401,287
Total liabilities, end of year
$2,873
Net assets or fund balances, end of year
$2,398,414
Program services expenses (Part IX)
$290,712
Management and general expenses
$151,758
Fundraising expenses
$0
Program service expenses (Part III)
$290,712

Program services were 65.7% 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.

  • 1b · Membership dues

    $3,822

  • 1c · Fundraising events

    $281,235

  • 1f · All other contributions, gifts and grants

    $30,000

  • 3 · Investment income

    total $36,377 · excluded $36,377

  • 7a · Gross sales of assets other than inventory

    securities $313,531

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

    securities $281,839

  • 7c · Gain or loss

    securities $31,692

  • 7d · Net gain or loss

    total $31,692 · excluded $31,692

  • 8a · Fundraising events: gross income

    $199,518

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

    $281,235

  • 8b · Fundraising events: direct expenses

    $99,759

  • 8c · Net income from fundraising events

    total $99,759 · excluded $99,759

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $120,000 · program services $120,000

  • 11f · Fees: investment management

    total $16,934 · management and general $16,934

  • 12 · Advertising and promotion

    total $294 · program services $147 · management and general $147

  • 24a · Other expenses: SHARED SERVICES

    total $150,000 · program services $150,000

  • 24b · Other expenses: EVENT EXPENSES

    total $134,112 · management and general $134,112

  • 24c · Other expenses: RESEARCH PROJECT

    total $20,000 · program services $20,000

  • 24d · Other expenses: MISCELLANEOUS

    total $1,130 · program services $565 · management and general $565

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $389,209 · end of year $362,077

  • 2 · Savings and temporary cash investments

    beginning of year $91,564 · end of year $99,055

  • 4 · Accounts receivable

    beginning of year $625 · end of year $12,110

  • 11 · Investments: publicly traded securities

    beginning of year $1,732,290 · end of year $1,928,045

  • 17 · Accounts payable and accrued expenses

    end of year $2,873

  • 25 · Other liabilities

    beginning of year $7,501 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,206,187 · end of year $2,398,414

Mission and programs · 2025

Mission

THE ABNY FOUNDATION, INC. (THE "FOUNDATION") WAS CREATED TO PROVIDE FUNDS FOR SOCIAL, EDUCATIONAL, AND CIVIC INITIATIVES THAT ENHANCE THE QUALITY OF LIFE IN THE FIVE BOROUGHS OF NEW YORK CITY.

Activities or mission (Part I)

PROVIDE FUNDS TO ENHANCE THE QUALITY OF LIFE IN NEW YORK CITY.

  • PROVIDED GRANTS TO NONPROFIT ORGANIZATIONS AND INITIATIVES THAT MAKE NEW YORK CITY A BETTER PLACE TO LIVE WORK AND VISIT FOR ALL; FUNDED RESEARCH THAT INFORMS ON POLICY; BOLSTERED CIVIC ENGAGEMENT; AND SUPPORTED EDUCATIONAL PROGRAMMING FOR CIVICALLY INTERESTED YOUNG PROFESSIONALS AND WOMEN WORKING IN NEW YORK CITY.

    Expenses $290,712 · Grants $120,000

As filed on the 2025 return.

Listed in Part VII

  • Steven Rubenstein

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 10 related
  • Alan Van Capelle

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Jennifer Raab

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jill Sung

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Patricia Ornst

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Robert Lehrman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Teresa Gonzalez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Travis Terry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • William C Rudin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Veronica Sullivan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Matthew S Washington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chad Purkey

    INTERIM EXECUTIVE DIRECTOR (TILL MAY)

    Total calculated
    $178,542
    From this org
    $0
    From related orgs
    $164,937
    Other
    $13,605
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,937 related
    Bonus
    $0 + $8,000 related
    Other
    $0
    Deferred
    $0 + $13,605 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $178,542 related
  • Emma Pfohman

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $149,249
    From this org
    $0
    From related orgs
    $149,249
    Other
    $0
    Hours/week
    5 + 40 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

The filer's explanations (Part III)

PART I, LINE 3
ASSOCIATION FOR A BETTER NEW YORK (RELATED ORGANIZATION) SETS THE COMPENSATION FOR THE INTERIM EXECUTIVE DIRECTOR. THE RELATED ORGANIZATION USES THE FORM 990 OF OTHER ORGANIZATIONS AND APPROVAL BY THE BOARD TO DETERMINE THIS COMPENSATION.

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.

Provenance

Return type
form_990
Tax year
2025
Filed
25 August 2026
IRS schema version
2025v4.2
Source object
202622609349301707

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