Nonprofit · EIN 05-0545566
ABRASBA FOUNDATION
Tax-exempt · LOS ANGELES, CA 90048
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,785,952 | $967,726 | $3,818,226 | $25,570,494 | $1,603,575 | $23,966,919 |
| December 31, 2023 | 990 | $4,139,898 | $1,383,823 | $2,756,075 | $20,578,385 | $1,847,956 | $18,730,429 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,685,850
- Program service revenue
- $0
- Investment income
- $825,275
- Net rental income
- $32,000
- Net gain from sales of assets
- $458,892
- Other revenue
- $274,827
Expenses
- Grants and similar amounts paid
- $921,352
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $4,717
- Program services (functional)
- $921,352
- Management and general (functional)
- $46,374
Balance sheet and other
- Total assets, start of year
- $20,578,385
- Total assets, end of year
- $25,570,494
- Total liabilities, end of year
- $1,603,575
- Net assets, end of year
- $23,966,919
- Land, buildings and equipment
- $715,000
- Publicly traded securities
- $9,088,604
- Net assets without donor restrictions
- $23,966,919
- Gross receipts
- $9,336,874
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2002
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| AARON LERNER | DIRECTOR Trustee or director | 0.1 | $0 | $457,974 | $206,788 |
| DEBORAH JOHNSTON | Treasurer Officer | 0.1 | $0 | $327,105 | $42,737 |
| ELLEN ROSEN | SECRETARY (BEG 6/24) Officer | 0.1 | $0 | $231,014 | $36,596 |
| MARVIN SCHOTLAND | SECRETARY/DIRECTOR (END 6/24) Trustee or director, Officer | 0 | $0 | $35,000 | $0 |
| ALAN GINDI | PRESIDENT/DIRECTOR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| BARBARA GINDI | VICE PRESIDENT/DIRECTOR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| JORDAN LURIE | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| LAWRENCE RAUCH | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| Aaron Inlender | Vice President Officer | 0.1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DEBORAH JOHNSTON | Treasurer (start 6/2023) Officer | 0.1 | $0 | $324,221 | $11,931 |
| ELLEN ROSEN | ASSISTANT SECRETARY Officer | 0.1 | $0 | $223,125 | $35,872 |
| MARVIN I SCHOTLAND | SECRETARY/DIRECTOR Trustee or director, Officer | 0.1 | $0 | $149,307 | $24,457 |
| ALAN GINDI | PRESIDENT/DIRECTOR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| BARBARA GINDI | VICE PRESIDENT/DIRECTOR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| JORDAN LURIE | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| LAWRENCE RAUCH | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| Aaron Inlender | Vice President (start 6/2023) Officer | 0.1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6505 WILSHIRE BLVD STE 1200, LOS ANGELES, CA 90048-4960
- In care of
- % ROBERT AVERY
- Principal officer (990 for 2024)
- ALAN GINDI, 6505 WILSHIRE BLVD 1200, LOS ANGELES, CA 90048
- Signed the 990
- DEBORAH JHONSTON, CFO
- Phone
- (323) 761-8700
- Return prepared by
- ERNST & YOUNG US LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 05-0545566 or by the name ABRASBA FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
PROVIDE FUNDING FOR ORGANIZATIONS TO PROMOTE AND PROVIDE CHARITABLE AND EDUCATIONAL PROGRAMS AND SERVICES.
Program accomplishments
- CHARITABLE GIVINGExpenses $921,352 · grants $921,352
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 05-0545566
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T119)
- Assets (IRS master file)
- $25,570,494
- Income (IRS master file)
- $9,336,874
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,785,952 | $967,726 | $25,570,494 | XML |
| 990 | December 2023 | $4,139,898 | $1,383,823 | $20,578,385 | XML |
| 990 | December 2022 | $1,686,464 | $1,320,437 | $16,529,162 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 05-0545566).
Questions about ABRASBA FOUNDATION
- What is the EIN of ABRASBA FOUNDATION?
- The employer identification number (EIN) of ABRASBA FOUNDATION is 05-0545566.
- Is ABRASBA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to ABRASBA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does ABRASBA FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ABRASBA FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ABRASBA FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ABRASBA FOUNDATION?
- The 990 for the year ended December 31, 2024 names ALAN GINDI.
- Who are the officers and directors of ABRASBA FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does ABRASBA FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,785,952, expenses of $967,726 and total assets of $25,570,494 at year end.
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