THE FREDERICK B ABRAMSON MEMORIAL FOUNDATION

EIN: 521800184 501(c)(3)

WASHINGTON, DC

Total Revenue
$430,826
Total Expenses
$390,063
Total Assets
$1,043,009
Net Assets
$623,997
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
DC
Phone
2024705425
Tax Period
2024-07-01 to 2025-06-30

THE FREDERICK B ABRAMSON MEMORIAL FOUNDATION, founded in 1991, is a small nonprofit that reported $431K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $390K left a modest 9% surplus.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $196,837

THE SCHOLARSHIP PROGRAM: SINCE 1991, THE ABRAMSON SCHOLARSHIP FOUNDATION HAS AWARDED OVER $1.5 MILLION IN SCHOLARSHIPS TO OVER 300 TALENTED COLLEGE-BOUND D.C. HIGH SCHOOL STUDENTS. IN ORDER TO...

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THE SCHOLARSHIP PROGRAM: SINCE 1991, THE ABRAMSON SCHOLARSHIP FOUNDATION HAS AWARDED OVER $1.5 MILLION IN SCHOLARSHIPS TO OVER 300 TALENTED COLLEGE-BOUND D.C. HIGH SCHOOL STUDENTS. IN ORDER TO QUALIFY, EACH APPLICANT MUST DEMONSTRATE FINANCIAL NEED, ACADEMIC ACHIEVEMENT AND A COMMITMENT TO COMMUNITY SERVICE. SCHOLARSHIP AWARD AMOUNTS INCREASE EACH YEAR BECAUSE THE FOUNDATION HAS LEARNED THROUGH EXPERIENCE THAT OTHER SOURCES OF FINANCIAL AID TEND TO DIMINISH AND DISAPPEAR. ASF CURRENTLY SUPPORTS 38 SCHOLARS AT DIFFERENT STAGES IN THEIR COLLEGE JOURNEY. 73% OF ASF SCHOLARS ARE THE FIRST IN THEIR FAMILIES TO ATTEND COLLEGE. OVER 85% OF ASF SCHOLARS EARN THEIR COLLEGE DEGREE.

Program 2
Expenses: $78,065

THE 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...

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THE 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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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $415,152
Program Service Revenue $0
Investment Income $15,674
Other Revenue $0
TOTAL REVENUE $430,826

Expense Breakdown

Grants Paid $165,730
Salaries & Benefits $158,062
Fundraising Expenses $53,844
Program Expenses $274,902
Other Expenses $66,271
TOTAL EXPENSES $390,063

Year-over-Year Comparison

2024 2023 Change
Revenue $430,826 $390,876 +0.1%
Expenses $390,063 $349,565 +0.1%
Net Income $40,763 $41,311 0.0%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
21
Independent Members
21
Employees
5
Volunteers
40

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$102,250
Total Directors
22
$102,250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARRIE MOORMAN Executive Dir. 40.00
Officer Director
$102,250 $0 $102,250
LISA GUNTY Director 4.00
Director
$0 $0 $0
BRUCE CHARENDOFF Director 4.00
Director
$0 $0 $0
DIONA HOWARD-NICOLAS Vice President 4.00
Officer Director
$0 $0 $0
CARMEN BANERJEE Director 4.00
Director
$0 $0 $0
RON BANERJEE Director 0.00
Director
$0 $0 $0
SUSAN FRIEDMAN Director 4.00
Director
$0 $0 $0
DEBORAH BLACKHURST DODDY Director 4.00
Director
$0 $0 $0
MARCIA BOYLE Director 4.00
Director
$0 $0 $0
LORI MCFARLING Director 4.00
Director
$0 $0 $0
MICHELLE VASQUEZ Director 4.00
Director
$0 $0 $0
JESSICA CLARK Secretary 4.00
Officer Director
$0 $0 $0
DAVID LEVIE Director 4.00
Director
$0 $0 $0
SALLY SHEA Director 4.00
Director
$0 $0 $0
JIE WANG Treasurer 4.00
Officer Director
$0 $0 $0
DAVID SMITH Director 4.00
Director
$0 $0 $0
EMILE THOMPSON Director 4.00
Director
$0 $0 $0
DAVID E LOWE Director 4.00
Director
$0 $0 $0
PAMELA TALKIN President 4.00
Officer Director
$0 $0 $0
ROGER SANCHEZ Director 4.00
Director
$0 $0 $0
MARGARET SIMMS Director 4.00
Director
$0 $0 $0
ROGER SULLIVAN Director 4.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $430,826 $390,063 $1,043,009 $40,763
2024 $390,876 $349,565 $937,189 $41,311
2023 $293,112 $326,236 $847,966 $-33,124
2022 $371,735 $242,318 $839,661 $129,417
2021 $314,048 $291,455 $755,994 $22,593
2020 $260,866 $227,927 $720,143 $32,939
2019 $274,006 $248,908 $682,742 $25,098
2018 $245,950 $229,340 $629,004 $16,610
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