The Abrasba Foundation FY2020 filing

Tax-deductible

Los Angeles, CA501(c)(3)Foundations & GrantmakersEIN 05-0545566

Provide funding for organizations to promote and provide charitable and educational programs and services.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $1.7M a year · 60% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$572K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
Spent
$673K
To programs
95%
Net assets
$16.3M
By yearFY2020–FY2024
Revenue
$2.3M
FY2020
Revenue by fiscal year
FY2020$2.3M
FY2021$1.2M
FY2022$1.7M
FY2023$4.1M
FY2024$4.8M
Expenses
$673K
FY2020
Expenses by fiscal year
FY2020$673K
FY2021$1.3M
FY2022$1.3M
FY2023$1.4M
FY2024$968K
Net assets
$16.3M
FY2020
Net assets by fiscal year
FY2020$16.3M
FY2021$16.9M
FY2022$14.9M
FY2023$18.7M
FY2024$24.0M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $637K Management & general 5% · $36K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary/Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Assistant Secretary
$0Pt VII · Sec A
President/Director
$0Pt VII · Sec A
Vice President/Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See The Abrasba Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds charitable and educational programs promoting community well-being.

Provided by the organization

This section is blank until The Abrasba Foundation claims this page.

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1 program service account for $637K of program spending, described in the organization's own filed words · FY2020.
01

Charitable giving

$637Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 14 grants · $2.6M · 2020–2024

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.3M
Ln 12
Gifts and grantsLn 1h$2.0M
Investment incomeLn 3$313K
Other incomeLn 4–11$25K
Money outPt IX
$673K
Ln 25
Programscol B$637K
Managementcol C$36K
Owns and owesPt X
$16.3M
net assets · Ln 32
Cash and savingsLn 1–2$226K
Total assetsLn 16$16.8M
LiabilitiesLn 26$572K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.0M
Investment incomeLn 3$313K
Other incomeLn 4–11$25K
Gains on assetsLn 7−$110K
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$226K
Cash and savings togetherLn 1–2$226K
InvestmentsLn 11–13$15.2M
Land, buildings, equipmentLn 10c$715K
Other assetsLn 15$0
Total assetsLn 16$16.8M
LiabilitiesLn 26$572K
Net assetsLn 32$16.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$537K$226K
InvestmentsLn 11–13$13.3M$15.2M
Land, buildings, equipmentLn 10c$715K$715K
Total assetsLn 16$14.5M$16.8M
LiabilitiesLn 26$813K$572K
Net assetsLn 32$13.7M$16.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$637K$637K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$4K$4K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$28K$28K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$673K$637K$36K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.8M$968K$3.8M$24.0M 990 PDF
FY2023 $4.1M$1.4M$2.8M$18.7M 990 PDF
FY2022 $1.7M$1.3M$366K$14.9M 990 PDF
FY2021 $1.2M$1.3M−$90K$16.9M 990 PDF
FY2020 Viewing $2.3M$673K$1.7M$16.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $2,337,590 across 8 lines filed
VIII-1f All other contributions, gifts and grants$2,000,000
VIII-1h Total contributions, gifts and grants$2,000,000
VIII-3 Investment incomeExcluded from tax $422,337$422,337
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $25,000$25,000
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$109,747−$109,747
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $337,590$2,337,590
Part IX · Statement of functional expenses $672,563 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $636,804$636,804
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $3,600$3,600
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $28,041$28,041
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $1,700$1,700
IX-24 Other expenses (24a–d)Management $2,418$2,418
IX-25 Total functional expensesPrograms $636,804 · Management $35,759 · Fundraising $0$672,563
Part X · Balance sheet $16,831,001 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $537,486$226,269
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$672,000
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $715,000$715,000
X-11 Publicly traded securitiesStart of year $5,257,881$5,746,124
X-12 Other securitiesStart of year $8,011,342$9,471,608
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $14,521,709$16,831,001
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $799,921$558,753
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $12,700$12,800
X-26 Total liabilitiesStart of year $812,621$571,553
X-27 Net assets without donor restrictionsStart of year $13,709,088$16,259,448
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $13,709,088$16,259,448
X-33 Total liabilities and net assetsStart of year $14,521,709$16,831,001
Part XI · Reconciliation of net assets $16,259,448 net assets at year end
XI-1 Total revenue$2,337,590
XI-2 Total expenses$672,563
XI-3 Revenue less expenses$1,665,027
XI-4 Net assets at start of year$13,709,088
XI-5 Net unrealized gains (losses) on investments$885,333
XI-10 Net assets at end of year$16,259,448

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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