Civic Intelligence

The Frederick B Abramson Memorial

EIN 52-1800184 • 501(c)3 • Washington, DC

Profile

The abramson scholarship foundation's mission is to ensure that motivated district of columbia public high school and charter graduates have the opportunity to attend college and the tools to succeed once they get there. Our program employs a two-fold approach to accomplish the mission. First, we provide critical 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.

PO Box 7810Washington, DC 20044

www.abramsonfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

83rd percentile

0.39x

Higher debt load relative to assets than 83% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

0.95x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

61st percentile

11%

Higher net margin than 61% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

64th percentile

$41,106

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 10.5% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

65th percentile

11%

Faster asset growth than 65% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

76th percentile

33%

Faster revenue growth than 76% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$937,189

Up $89,223 (+11%) from 2023

Liabilities

Up

$370,095

Up $39,589 (+12%) from 2023

Net Assets

Up

$567,094

Up $49,634 (+9.6%) from 2023

Operations
Liabilities / Revenue92nd percentileNet Margin61st percentile

Revenue

Up

$390,876

Up $97,764 (+33%) from 2023

Expenses

Up

$349,565

Up $23,329 (+7.2%) from 2023

Net Income

Up

$41,311

Up $74,435 (+225%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth65th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2010: $40,901Liabilities 2010: $2,0332010Assets 2011: $91,187Liabilities 2011: $1,9162011Assets 2012: $144,172Liabilities 2012: $7,6412012Assets 2013: $188,238Liabilities 2013: $11,7032013Assets 2014: $249,650Liabilities 2014: $1,920Net Assets 2014: $247,7302014Assets 2015: $465,624Liabilities 2015: $10,971Net Assets 2015: $454,6532015Assets 2016: $591,532Liabilities 2016: $1,515Net Assets 2016: $590,0172016Assets 2017: $604,757Liabilities 2017: $249,610Net Assets 2017: $355,1472017Assets 2018: $629,004Liabilities 2018: $262,959Net Assets 2018: $366,0452018Assets 2019: $682,742Liabilities 2019: $278,657Net Assets 2019: $404,0852019Assets 2020: $720,143Liabilities 2020: $267,935Net Assets 2020: $452,2082020Assets 2021: $755,994Liabilities 2021: $283,573Net Assets 2021: $472,4212021Assets 2022: $839,661Liabilities 2022: $285,275Net Assets 2022: $554,3862022Assets 2023: $847,966Liabilities 2023: $330,506Net Assets 2023: $517,4602023Assets 2024: $937,189Liabilities 2024: $370,095Net Assets 2024: $567,0942024

Highlighted filing

2024

Assets$937,189
Liabilities$370,095
Net Assets$567,094
Open 2024 Filing

Operations Trend

Revenue Growth76th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200K-$400KRevenue 2010: $64,668Expenses 2010: $83,589Net Income 2010: -$18,9212010Revenue 2011: $103,544Expenses 2011: $53,141Net Income 2011: $50,4032011Revenue 2012: $143,489Expenses 2012: $96,229Net Income 2012: $47,2602012Revenue 2013: $147,536Expenses 2013: $107,526Net Income 2013: $40,0102013Revenue 2014: $222,936Expenses 2014: $151,741Net Income 2014: $71,1952014Revenue 2015: $346,473Expenses 2015: $139,550Net Income 2015: $206,9232015Revenue 2016: $279,989Expenses 2016: $144,625Net Income 2016: $135,3642016Revenue 2017: $211,789Expenses 2017: $438,020Net Income 2017: -$226,2312017Revenue 2018: $245,950Expenses 2018: $229,340Net Income 2018: $16,6102018Revenue 2019: $274,006Expenses 2019: $248,908Net Income 2019: $25,0982019Revenue 2020: $260,866Expenses 2020: $227,927Net Income 2020: $32,9392020Revenue 2021: $314,048Expenses 2021: $291,455Net Income 2021: $22,5932021Revenue 2022: $371,735Expenses 2022: $242,318Net Income 2022: $129,4172022Revenue 2023: $293,112Expenses 2023: $326,236Net Income 2023: -$33,1242023Revenue 2024: $390,876Expenses 2024: $349,565Net Income 2024: $41,3112024

Highlighted filing

2024

Revenue$390,876
Expenses$349,565
Net Income$41,311
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$937,189
Liabilities
$370,095
Net assets
$567,094
Revenue
$390,876
Expenses
$349,565
Net income
$41,311
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.37$3.70$5.67$3.91$3.50$0.41
2023Detailed filing. Detailed filing data is available for this year.$8.48$3.31$5.17$2.93$3.26$0.33
2022Detailed filing. Detailed filing data is available for this year.$8.40$2.85$5.54$3.72$2.42$1.29
2021Detailed filing. Detailed filing data is available for this year.$7.56$2.84$4.72$3.14$2.91$0.23
2020Detailed filing. Detailed filing data is available for this year.$7.20$2.68$4.52$2.61$2.28$0.33
2019Detailed filing. Detailed filing data is available for this year.$6.83$2.79$4.04$2.74$2.49$0.25
2018Detailed filing. Detailed filing data is available for this year.$6.29$2.63$3.66$2.46$2.29$0.17
2017Summary only. Only limited summary data is available for this year.$6.05$2.50$3.55$2.12$4.38$2.26
2016Summary only. Only limited summary data is available for this year.$5.92$0.02$5.90$2.80$1.45$1.35
2015Summary only. Only limited summary data is available for this year.$4.66$0.11$4.55$3.46$1.40$2.07
2014Summary only. Only limited summary data is available for this year.$2.50$0.02$2.48$2.23$1.52$0.71
2013Summary only. Only limited summary data is available for this year.$1.88$0.12$1.48$1.08$0.40
2012Summary only. Only limited summary data is available for this year.$1.44$0.08$1.43$0.96$0.47
2011Summary only. Only limited summary data is available for this year.$0.91$0.02$1.04$0.53$0.50
2010Summary only. Only limited summary data is available for this year.$0.41$0.02$0.65$0.84$0.19
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$390,876
Mission and Program Overview

Mission

The abramson scholarship foundation's mission is to ensure that motivated district of columbia public high school and charter graduates have the opportunity to attend college and the tools to succeed once they get there. Our program employs a two-fold approach to accomplish the mission. First, we provide critical 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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$475,177$522,228▲ $47,051
Investments in Publicly Traded Securities$339,888$360,948▲ $21,060
Pledges and Grants Receivable$32,901$54,013▲ $21,112
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$847,966$937,189▲ $89,223
Other Assets Total-$0-
Liabilities
Grants Payable$330,400$356,300▲ $25,900
Accounts Payable and Accrued Expenses$106$13,795▲ $13,689
Total Liabilities$330,506$370,095▲ $39,589
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$483,460$513,081▲ $29,621
Net Assets With Donor Restrictions$34,000$54,013▲ $20,013
Total Net Assets Fund Balance$517,460$567,094▲ $49,634
Total Liabilities and Net Assets / Fund Balance$847,966$937,189▲ $89,223
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Barrie MoormanExecutive DirectorFT$41,106$41,106

Board Members and Trustees

NameTitle
David LeviePresident
Pamela TalkinVice President
Bruce CharendoffDirector
Carmen BanerjeeDirector
David E LoweDirector
David SmithDirector
Deborah Blackhurst DoddyDirector
Diona Howard-nicolasDirector
Emile ThompsonDirector
Gail LioneDirector
Linda FienbergDirector
Lisa GuntyDirector
Lori McfarlingDirector
Marcia BoyleDirector
Margaret SimmsDirector
Michelle VasquezDirector
Roger SanchezDirector
Roger SullivanDirector
Sally SheaDirector
Susan FriedmanDirector
Jessica ClarkSecretary
Jie WangTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$370,652
Program Service Revenue
$4,950
Investment Income
$15,274
Other Revenue
$0
All Other Contributions
$370,652
Change in Net Assets
$41,311
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$145,906
Grants and Similar Amounts Paid$131,721
Other Expenses$71,938
Total Fundraising Expense$43,189
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$131,721--$131,721
Current Officers, Directors, Trustees, and Key Employees$60,274$17,221$8,611$86,106
Other Salaries and Wages$20,637-$25,831$46,468
Payroll Taxes$8,255$1,692$3,385$13,332
Fees for Services Accounting-$12,444-$12,444
All Other Expenses$1,356$5,334$782$7,472
Other Expenses$1,650$4,282$3,655$4,282
Conferences and Meetings-$3,254-$3,254
Insurance-$2,417-$2,417
Travel$467$1$18$486
Office Expenses$15$373$7$395
Total Functional Expenses$253,683$52,693$43,189$349,565
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form 990 was prepared by dunham, aukamp & rhodes, plc (an independent cpa firm) and reviewed by the full board prior to submission with the irs.”

Form 990, Part VI, Section B, Line 15A

“The executive director's compensation is reviewed and approved by the executive committee of the board and the full board, both of which are made up of independent directors, and the approval is documented in writtenboard minutes. While there is no systematic analysis of comparable data, many board members serve on the boards of other local nonprofits, so they have general knowledge of market conditions. The most recent assessment was made in may 2018.”

Form 990, Part VI, Section C, Line 19

“The foundation makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Frederick B Abramson Memorial
EIN
52-1800184
Phone
2024705425
Address
PO BOX 7810, WASHINGTON, DC 20044

Signing Officer

Name
Barrie Moorman
Title
Executive Director
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
1991
Legal Domicile
Dc
Voting Board Members
22
Independent Board Members
22
Employees
3
Volunteers
50

Preparer

Firm
Dunham Aukamp & Rhodes Plc
Address
4443 BROOKFIELD CORPORATE DRIVE SUI, CHANTILLY, VA 20151
Preparer
Michael D Aukamp CPA
Phone
7036318940
Supplemental Narrative

Additional Explanations

Average Hours Per Week

“Average hours for board members is determined based on an estimate of time spent on board matters.”

Raw XML AppendixShowing 400 of 559 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE 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.
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IRS990/Form990PartVIISectionAGrp/TitleTxt12President
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Vice President
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IRS990/MissionDesc0THE 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.
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE MENTORING PROGRAM: IN ADDITION TO RECEIVING FINANCIAL SUPPORT, EVERY ABRAMSON SCHOLAR IS PAIRED WITH A MENTOR. MOST ABRAMSON SCHOLARS ARE THE FIRST IN THEIR FAMILIES TO ATTEND COLLEGE. HAVING A TRUSTING RELATIONSHIP FROM A MENTOR, WHO CAN OFFER COLLEGE AND CAREER ADVICE, MAKES A SIGNIFICANT DIFFERENCE IN THEIR LIVES. 100% OF SCHOLARS AGREE THAT, THROUGH ASF, THEY HAVE A TRUSTED ADULT WHO CAN HELP THEM NAVIGATE ACADEMIC, PROFESSIONAL AND SOCIAL/EMOTIONAL CHALLENGES THAT THEY MAY FACE. IN ADDITION TO INDIVIDUAL MENTORS, ABRAMSON SCHOLARS HAVE ACCESS TO AN ADVISOR NETWORK MADE UP OF INDIVIDUALS WHO CAN PROVIDE COLLEGE AND CAREER GUIDANCE. SCHOLARS ALSO BENEFIT FROM A WIDE RANGE OF PROGRAMS DESIGN TO HELP THEM MEET THEIR COLLEGE AND CAREER GOALS. 100% OF SCHOLARS AGREE THAT THEIR ABRAMSON MENTOR AND PROGRAMMING HAVE HELPED THEM ACHIEVE THEIR ACADEMIC GOALS IN COLLEGE AND POSITIVELY INFLUENCED THEIR ACADEMIC PERFORMANCE. ADDITIONALLY, 100% OF SCHOLARS AGREE THAT THEIR ABRAMSON MENTOR AND PROGRAMMING HAVE HELPED THEM FEEL MORE PREPARED TO ACHIEVE CAREER SUCCESS.
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