Nonprofit · EIN 13-2960992
ABRAHAM & BEVERLY SOMMER FOUNDATION
Tax-exempt · STATEN ISLAND, NY 10308
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $511,705 | $409,708 | $101,997 | $5,267,531 | $0 | $5,267,531 |
| December 31, 2023 | 990-PF | $370,494 | $395,446 | -$24,952 | $5,165,534 | $0 | $5,165,534 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $163,035
- Interest
- $16
- Net gain from sales of assets
- $348,654
Expenses
- Grants and similar amounts paid
- $382,500
- Disbursements for charitable purposes
- $382,500
- Excise tax on investment income
- $6,790
Balance sheet and other
- Total assets, start of year
- $5,165,534
- Total assets, end of year
- $5,267,531
- Total liabilities, end of year
- $0
- Net assets, end of year
- $5,267,531
- Fair market value of assets
- $7,013,152
- Qualifying distributions
- $382,500
- Net investment income
- $511,705
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BEVERLY SOMMER 4077 HYLAN BLVD 10, STATEN ISLAND, NY 10308 | President | 0 | $0 |
| AMY SOMMER 1112 MONTANA AVENUE 610, SANTA MONICA, CA 90403 | SEC / TREAS | 1 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BEVERLY SOMMER 590 MADISON AVENUE - 21ST FL, NEW YORK, NY 10022 | President | 0 | $0 |
| AMY SOMMER 1112 MONTANA AVENUE 610, SANTA MONICA, CA 90403 | SEC / TREAS | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4077 HYLAN BLVD 10, STATEN ISLAND, NY 10308-3334
- In care of
- % SHUSTEK & STELLA PC
- Signed the 990-PF
- AMY SOMMER, SEC / TREAS
- Phone
- (212) 581-9340
- Return prepared by
- Sasserath & Co LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 13-2960992
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1978
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $5,267,531
- Income (IRS master file)
- $1,473,360
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $511,705 | $409,708 | $5,267,531 | IRS |
| 990-PF | December 2023 | $370,494 | $395,446 | $5,165,534 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | 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 13-2960992).
Questions about ABRAHAM & BEVERLY SOMMER FOUNDATION
- What is the EIN of ABRAHAM & BEVERLY SOMMER FOUNDATION?
- The employer identification number (EIN) of ABRAHAM & BEVERLY SOMMER FOUNDATION is 13-2960992.
- Is ABRAHAM & BEVERLY SOMMER FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1978.
- Are donations to ABRAHAM & BEVERLY SOMMER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does ABRAHAM & BEVERLY SOMMER FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ABRAHAM & BEVERLY SOMMER 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 ABRAHAM & BEVERLY SOMMER FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of ABRAHAM & BEVERLY SOMMER FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does ABRAHAM & BEVERLY SOMMER FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $511,705, expenses of $409,708 and total assets of $5,267,531 at year end.
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