THE FREDERICK B ABRAMSON MEMORIAL FOUNDATION Charity Report

Public IRS 990 nonprofit record

THE FREDERICK B ABRAMSON MEMORIAL FOUNDATION

EIN 52-1800184 · Scholarships & Student Financial Aid (B82)

What they do

THE ABRAMSON SCHOLARSHIP FOUNDATION PROVIDES CRITICAL FINANCIAL ASSISTANCE and COMPREHENSIVE MENTORING to PROMISING DC PUBLIC HIGH SCHOOL GRADUATES ATTENDING FOUR-YEAR COLLEGES. OUR PROGRAM EMPLOYS A TWO-FOLD APPROACH to ACCOMPLISH THE MISSION. FIRST, WE PROVIDE TIMELY FINANCIAL ASSISTANCE to STUDENTS WHO MIGHT NOT BE ABLE to ATTEND COLLEGE WITHOUT OUR HELP. SECOND, and EQUALLY IMPORTANT, WE PROVIDE THESE STUDENTS WITH PERSONAL and PROFESSIONAL GUIDANCE THROUGH INDIVIDUAL MENTORS and PROGRAMS IN ORDER to FOSTER THEIR ACADEMIC SUCCESS, EMOTIONAL GROWTH and PROFESSIONAL DEVELOPMENT. THIS APPROACH ENABLES THE FOUNDATION to SUPPORT OUR SCHOLARS THROUGH ALL FOUR YEARS of COLLEGE and BEYOND.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $70.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders22 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

63.81%of revenue went to mission work70.5% of expenses · Program services

12.50%of revenue went to fundraising13.8% of expenses

$90.54spent for every $100 of revenueRevenue covered expenses this year.

14.23%of revenue went to management and office costs15.7% of expenses

$2.67in assets for every $1 spent this yearSome assets cannot be spent right away.

96.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $102,250 for BARRIE MOORMAN (EXECUTIVE DIR.). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$430,826

Mission workProgram services$274,90263.81% of revenue70.5% of expenses

ManagementOffice and general costs$61,31714.23% of revenue15.7% of expenses

FundraisingAsking for donations$53,84412.50% of revenue13.8% of expenses

Revenue left after expensesReported annual surplus$40,7639.46% of revenueShown in gray on the chart

Total expenses$390,06390.54% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 70.5% mission · 15.7% management · 13.8% fundraisingTotal expenses: 90.54% of revenue

2023Expense mix: 72.6% mission · 15.1% management · 12.4% fundraisingTotal expenses: 89.43% of revenue

2022Expense mix: 68.2% mission · 20.3% management · 11.6% fundraisingTotal expenses: 111.30% of revenue

2021Expense mix: 80.1% mission · 13.3% management · 6.6% fundraisingTotal expenses: 65.19% of revenue

2020Expense mix: 73.6% mission · 13.4% management · 13.0% fundraisingTotal expenses: 92.81% of revenue

2019Expense mix: 65.7% mission · 17.3% management · 17.1% fundraisingTotal expenses: 87.37% of revenue

2018Expense mix: 73.2% mission · 13.5% management · 13.4% fundraisingTotal expenses: 90.84% of revenue

2017Expense mix: 75.9% mission · 6.7% management · 17.4% fundraisingTotal expenses: 93.25% of revenue

Money in and money out

Revenue$430,826

Expenses$390,063

Annual surplus $40,763 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$274,902 · 70.5% of expenses

Management and office costs$61,317 · 15.7% of expenses

Fundraising$53,844 · 13.8% of expenses

See all reported dollar amounts

Revenue$430,826

Expenses$390,063

Assets$1,043,009

Income$430,826

Contributions$415,152

Mission work (program services)$274,902

Fundraising$53,844

Management and general$61,317

Executive compensation (total)$82,694

Stocks and bonds$415,513

Accounting fees$12,235

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

BARRIE MOORMANEXECUTIVE DIR. · 40 hrs/week $102,250

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (22)

BARRIE MOORMANEXECUTIVE DIR.

LISA GUNTYDIRECTOR

SUSAN FRIEDMANDIRECTOR

SALLY SHEADIRECTOR

RON BANERJEEDIRECTOR

ROGER SULLIVANDIRECTOR

ROGER SANCHEZDIRECTOR

PAMELA TALKINPRESIDENT

MICHELLE VASQUEZDIRECTOR

MARGARET SIMMSDIRECTOR

MARCIA BOYLEDIRECTOR

LORI MCFARLINGDIRECTOR

JIE WANGTREASURER

JESSICA CLARKSECRETARY

EMILE THOMPSONDIRECTOR

DIONA HOWARD-NICOLASVICE PRESIDENT

DEBORAH BLACKHURST DODDYDIRECTOR

DAVID E LOWEDIRECTOR

DAVID SMITHDIRECTOR

DAVID LEVIEDIRECTOR

CARMEN BANERJEEDIRECTOR

BRUCE CHARENDOFFDIRECTOR

About this charity

Recognized since: January 1992
Location: PO BOX 7810, WASHINGTON, DC 20044
County: District of Columbia
In care of: BARRIE MOORMAN
Primary officer: BARRIE MOORMAN, Executive Dir.

How to reach them

WebsiteVisit the charity’s website Phone(202) 470-5425

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: DUNHAM AUKAMP & RHODES PLC
NTEE classification: Scholarships & Student Financial Aid (B82)
IRS tax category: Scholarships & Student Financial Aid