Abrasba Foundation in Los Angeles, California (CA)
| Abrasba Foundation |
| Employer Identification Number (EIN) | 050545566 |
| Name of Organization | Abrasba Foundation |
| In Care of Name | Jewish Comm Fdn |
| Address | 6505 Wilshire Blvd Ste 1200, Los Angeles, CA 90048-4960 |
| Subsection | Charitable Organization |
| Ruling Date | 03/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $5,000,000 to $9,999,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $6,458,584 |
| Amount of Income | $5,193,333 |
| Form 990 Revenue Amount | $2,868,999 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Single Organization Support |
Amount of income in 2013: $5,193,333 (it was $2,492,197 in 2012)
| Abrasba Foundation: | $5,193,333 |
| Other organizations performing similar types of work: | $20,140 |
Assets in 2013: $6,458,584 (it was $6,085,590 in 2012)
| This organization: | $6,458,584 |
| Other organizations performing similar types of work: | $183,489 |
Expenses in 2012: $408,561
| This organization: | $408,561 |
| Other organizations performing similar types of work: | $12,436 |
Income to expenses ratio in 2012: 12.7
| Abrasba Foundation: | 12.7 |
| Other organizations performing similar types of work: | 1.6 |
Grants share in income in 2012: 65.8%
| This organization: | 65.8% |
| Other organizations performing similar types of work: | 65.8% |
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) |
| Total revenue | $655,193 |
| Contributions, Gifts, Grants and Other Similar Amounts | $431,000 |
| Program Service Revenue | $0 |
| Other Revenue |
| Investment income (including dividends, interest, and other similar amounts) | $173,016 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $42,485 |
| Gross rents (Real / Personal) | $42,485 / $0 |
| Less: rental expenses (Real / Personal) | $0 / $0 |
| Rental income or (loss) (Real / Personal) | $42,485 / $0 |
| Net gain from sales of assets other than inventory | $8,692 |
| Gross amount from sales of assets other than inventory (Securities / Other) | $1,845,696 / $0 |
| Less: cost or other basis and sales expenses (Securities / Other) | $1,837,004 / $0 |
| Gain or (loss) (Securities / Other) | $8,692 / $0 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2012) |
| Total functional expenses | $408,561 |
| Compensation of current officers, directors, trustees, and key employees | $0 |
| Other salaries and wages | $0 |
| Payroll taxes | $0 |
| Professional fundraising services | $0 |
| Other | $408,561 |
| Balance Sheet (for 2012) |
| Total assets | $6,085,590 |
| Total liabilities | $669,357 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $669,357 |
| Total net assets or fund balances | $5,416,233 |
| Retained earnings, endowment, accumulated income, or other funds | $5,416,233 |
| Reason for Public Charity Status (for 2012) |
| The organization is not a private foundation because it is: | An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
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| Organizations performing similar types of work |
| Id | Name | Address | State | Established | Total Income |
|---|
| 1 | The Spring Trust | Mount Pleasant, UT 84647 | UT | | $25,242 |
| 2 | Abrasba Foundation | 6505 Wilshire Blvd Ste 1200, Los Angeles, CA 90048-4960 | CA | 2003-03 | $5,193,333 |
| 3 | Rebecca Lynn Crawford Charitable Tr | PO BOX 609, Pittsburgh, PA 15230-0609 | PA | 1999-02 | $20,140 |
| 4 | David C Stockdale Charitable Tr | PO BOX 609, Pittsburgh, PA 15230-0609 | PA | 1999-02 | $10,488 |
| 5 | Disease Management Network Inc | 3300 Ponce De Leon Blvd, Coral Gables, FL 33134-7211 | FL | 2008-08 | $1 |
| 6 | Building Corporation Of Roofers Local 149 Mid-Michigan Joint Apprentice Fun | 700 Tower Drive, Troy, MI 48098-2808 | MI | 2005-03 | $0 |
| Number of organizations performing similar types of work |
| California | 1 |
| Florida | 1 |
| Michigan | 1 |
| |
| Total | 6 |
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