Beth Abraham-Cnr Foundation

Tax-deductible

Flushing, NY501(c)(3)Foundations & GrantmakersEIN 11-3284763

To assist with fundraising activities to benefit many health care initiatives.

501(c)(3) charity; gifts are tax-deductible.
18¢ of each $1 spent went to programs.
Run by 17 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
IRS e-file · Filing history
Is it financially stable?
2 of 5
years in the black
Pt I · Ln 19 · 5 filings
How much reaches the programs?
18%
of spending
Pt IX · Ln 25 · col B
Do they have reserves?
8 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $50K
Funders’ Sch. I, 990-PF
Do they carry debt?
$177K
liabilities
Pt X · Ln 26
Who oversees it?
9
independent of 9 voting board members
Pt VI · Ln 1a–1b
Revenue
$847K
+6% vs prior year
Spent
$481K
To programs
18%
Net assets
$18.4M
By yearFY2020–FY2024
Revenue
$847K
FY2024▲ +6%
Revenue by fiscal year
FY2020$274K
FY2021$274K
FY2022$265K
FY2023$798K
FY2024$847K
Expenses
$481K
FY2024▲ +12%
Expenses by fiscal year
FY2020$383K
FY2021$290K
FY2022$367K
FY2023$429K
FY2024$481K
Net assets
$18.4M
FY2024▲ +39%
Net assets by fiscal year
FY2020$12.6M
FY2021$13.9M
FY2022$11.1M
FY2023$13.2M
FY2024$18.4M

From the FY2024 Form 990 · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CBeth Abraham-Cnr Foundation
EINHdr · item D11-3284763
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFSep 1995
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CFlushing, NY
NTEE classificationIRS BMFFoundations & Grantmakers (T30)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.18 Management & general $0.61 Fundraising $0.21
Program services18%$88K
Management & general61%$293K
Fundraising21%$100K
Total functional expensesLn 25$481K

Financial health

Is it on solid ground?

Program efficiency
18%
of spending reaches programs▼ -46% vs prior filing year
Operating runway
463.3mo
months of highly liquid reserves at operating expense rate▲ +25% vs prior filing year
Surplus margin
+43%
revenue over expenses, this year▼ -7% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$18.6M
FY2024▲ +40%
Total assets by fiscal year
FY2020$13.0M
FY2021$14.4M
FY2022$11.9M
FY2023$13.3M
FY2024$18.6M
Total liabilities
$177K
FY2024▲ +116%
Total liabilities by fiscal year
FY2020$427K
FY2021$581K
FY2022$762K
FY2023$82K
FY2024$177K
Revenue less expensesPt I · Ln 19$366K
Total assetsPt X · Ln 16$18.6M
Program-expense ratioPt IX · col B18%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Balance Sheet

Part X · end of year
CashLn 1$320K
Total assetsLn 16$18.6M
Total liabilitiesLn 26$177K
Total net assetsLn 32$18.4M
Months of cash on handcomputed8.0

Statement of Revenue

Part VIII
Investment income$831K · 98%
Contributions & grants$92K · 11%
Investment income98%$831K
Contributions & grants11%$92K
Total revenueLn 12$847K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $18.6M · Operating expenses/yr $481K
463.3 months
Where the money goes
Program services
Program services $88K · Total expenses $481K
18%
Management & General
Management & general $293K · Total expenses $481K
61%
Fundraising
Fundraising $100K · Total expenses $481K
21%
Cost to raise $1
Fundraising expense (3-yr avg) $88K · Solicited contributions (3-yr avg) $233K
$0.38 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $92K · Total revenue $847K
11%
Government reliance
Government grants — · Total revenue $847K
—
Earned-income share
Program service revenue $0 · Total revenue $847K
0%
Investment reliance
Investment income $831K · Total revenue $847K
+98%
Program self-sufficiency
Program service revenue $0 · Total expenses $481K
0%
Growth & trend
Revenue growth (YoY)
This year $847K · Prior year $798K
+6%
Revenue CAGR
FY2020 $274K · FY2024 $847K
+33%
Net-asset trend (YoY)
End of year $18.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $847K · Expenses $481K
+43%
Liabilities-to-Assets
Total liabilities — · Total assets $18.6M
—
Net-asset ratio
Net assets $18.4M · Total assets $18.6M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $18.3M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $18.6M
98%
People & payroll
Highest Reported Total Compensation
Individual Michael R Potack · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $481K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $481K
—
Fundraising vendors
Fundraiser cost ratio
Paid to fundraisers $100K · Gross raised $89K
112%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 18%——
Overhead ratio 61%——
Fundraising cost ratio 109%——
Revenue growth 6%——
Investment management fee ratio 0.1%——
Legal fee ratio 0.9%——
Accounting fee ratio 8%——
Fundraising fee ratio 21%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Asst Sec/Treasurer, Thru Nov. 2024
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Governance & Policies

Part VI
  • 9Voting board membersPt VI · Ln 1a
  • 9Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Raises funds for various healthcare initiatives.

Provided by the organization

This section is blank until Beth Abraham-Cnr Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $88K of program spending, described in the organization's own filed words · FY2024.
01

The foundation solicits, collects, and receives contributions to be administered and distributed for the use of charitable organizations consistent with the donor's stipulated purpose.

$88Kprogram 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 · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$50K
Grants paid · 7 grants · $286K · 2020–2024
Centerlight Healthcare INCNY · FY2024$87,993
Centerlight Healthcare INCNY · FY2023$144,364
Unitemized GrantFY2022$13,232
Unitemized GrantFY2022$1,500
Unitemized GrantFY2021$4,340
Unitemized GrantFY2021$1,650
Unitemized GrantFY2020$33,285

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $847K$481K+6% 990 PDF
FY2023 $798K$429K+201% 990 PDF
FY2022 $265K$367K-3% 990 PDF
FY2021 $274K$290K-0.07% 990 PDF
FY2020 $274K$383K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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