2024-05-15T08:11:30-07:00 2023-06-30 541972062 DUNHAM AUKAMP & RHODES PLC 4443 BROOKFIELD CORPORATE DRIVE SUI CHANTILLY VA 20151 990 2022-07-01 521800184 THE FREDERICK B ABRAMSON MEMORIAL FOUNDATION FRED 2024705425 PO BOX 7810 WASHINGTON DC 20044 BARRIE MOORMAN Executive Dir. 2024-05-15 true BARRIE MOORMAN 999009999 true MICHAEL D AUKAMP CPA P00723879 7036318940 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z PO BOX 7810 WASHINGTON DC 20044 293112 false X WWW.ABRAMSONFOUNDATION.ORG X 1991 DC 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. 22 22 3 50 0 323986 278247 35750 2450 11999 12415 0 371735 293112 114000 125550 0 87558 134567 0 37704 40760 66119 242318 326236 129417 -33124 839661 847966 285275 330506 554386 517460 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. false false 152126 THE SCHOLARSHIP PROGRAM: SINCE 1991, THE ABRAMSON SCHOLARSHIP FOUNDATION HAS AWARDED OVER $1.5 MILLION IN SCHOLARSHIPS TO OVER 300 UNDERPRIVILEGED COLLEGE-BOUND D.C. HIGH SCHOOL STUDENTS. IN ORDER TO QUALIFY, EACH APPLICANT MUST MEET THREE CRITERIA: FINANCIAL NEED, ACADEMIC ACHIEVEMENT AND A DEMONSTRATED COMMITMENT TO COMMUNITY SERVICE. EACH YEAR, ABRAMSON SCHOLARS CAN APPLY FOR SUBSEQUENT SCHOLARSHIP FUNDING PROVIDED THEY MAINTAIN A GOOD ACADEMIC RECORD AND ARE ACTIVELY INVOLVED IN THE MENTORING PROGRAM. 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 35 SCHOLARS AT DIFFERENT STAGES IN THEIR COLLEGE JOURNEY. SEVENTY PERCENT OF OUR SCHOLARS COME FROM A SINGLE PARENT HOUSEHOLD AND ARE FIRST GENERATION COLLEGE STUDENTS. THE AVERAGE HOUSEHOLD INCOME FOR OUR STUDENTS IS $43,000 A YEAR. 70321 THE MENTORING PROGRAM: IN ADDITION TO RECEIVING FINANCIAL SUPPORT, EVERY ABRAMSON SCHOLAR IS PAIRED WITH A MENTOR. MOST ABRAMSON SCHOLARS COME FROM DISADVANTAGED BACKGROUNDS AND ARE THE FIRST IN THEIR FAMILIES TO ATTEND COLLEGE. ADVICE FROM CARING, ENGAGED PROFESSIONALS IN THE COMMUNITY WILL MAKE A SIGNIFICANT DIFFERENCE IN THEIR LIVES. ASFS MANY:1 MENTORING MODEL SURROUNDS ABRAMSON SCHOLARS WITH AS MUCH SUPPORT AS POSSIBLE TO HELP THEM OVERCOME OBSTACLES AND ACHIEVE THEIR GOALS. MENTORS PROVIDE ACADEMIC, PROFESSIONAL DEVELOPMENT AND EMOTIONAL GUIDANCE AND SUPPORT. SINCE STUDENTS NEEDS ARE BROAD AND UNIQUE, SCHOLARS AND MENTORS CAN ALSO DRAW ON THE ABRAMSON NETWORK OF ADVISORS WHO LEND THEIR SPECIFIC SKILLS, EXPERTISE AND/OR EXPERIENCE. FOR EXAMPLE, ADVISORS HELP PROOFREAD ACADEMIC PAPERS, PROVIDE PROFESSIONAL CONTACTS WHO CAN HELP SCHOLARS FIND SUMMER INTERNSHIPS OR JOBS IN THEIR FIELDS OF STUDY, AND DISCUSS SHARED EXPERIENCES (E.G. WHAT COLLEGE IS LIKE FOR A FIRST GENERATION COLLEGE STUDENT). AS PART OF OUR MENTORING PROGRAM, STUDENTS ALSO PARTICIPATE IN PROFESSIONAL DEVELOPMENT WORKSHOPS WHICH HELP THEM PREPARE FOR INTERNSHIPS AND THE WORKFORCE ONCE THEY GRADUATE. 222447 true true false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false true 0 0 true 3 true false false false false false false false 0 false false false false false false false X 22 22 false false false false false false false true true false false true true true true true true true false false X X BARRIE MOORMAN 2024705425 PO BOX 7810 WASHINGTON DC 20044 NAHOM TEKLE Executive Dir. 40.00 0.00 X 45192 0 0 KRISTY CARROLL Secretary 4.00 0.00 X X 0 0 0 BRUCE CHARENDOFF Director 4.00 0.00 X 0 0 0 DIONA HOWARD-NICHOLS Director 4.00 0.00 X 0 0 0 CARMEN BANERJEE Director 4.00 0.00 X 0 0 0 LINDA FIENBERG Director 4.00 0.00 X 0 0 0 SUSAN FRIEDMAN Director 4.00 0.00 X 0 0 0 DEBORAH BLACKHURST DODDY Director 4.00 0.00 X 0 0 0 MARCIA BOYLE Director 4.00 0.00 X 0 0 0 GREGORY JACKSON Director 4.00 0.00 X 0 0 0 MARILYN GOLDHAMMER Director 4.00 0.00 X 0 0 0 JESSICA CLARK Director 4.00 0.00 X 0 0 0 DAVID LEVIE President 4.00 0.00 X X 0 0 0 GAIL LIONE Director 4.00 0.00 X 0 0 0 SALLY SHEA Director 4.00 0.00 X 0 0 0 JIE WANG Treasurer 4.00 0.00 X X 0 0 0 DAVID SMITH Director 4.00 0.00 X 0 0 0 EMILE THOMPSON Director 4.00 0.00 X 0 0 0 BARRIE MOORMAN Director 4.00 0.00 X 0 0 0 DAVID E LOWE Director 4.00 0.00 X 0 0 0 PAMELA TALKIN Director 4.00 0.00 X 0 0 0 ROGER SANCHEZ Director 4.00 0.00 X 0 0 0 MARGARET SIMMS Director 4.00 0.00 X 0 0 0 45192 0 false false false 0 278247 278247 SCHOLARSHIPS RETURNED 900099 2450 2450 2450 12415 12415 0 0 0 0 0 0 0 0 293112 2450 12415 0 125550 125550 0 0 83187 29548 24091 29548 0 38468 38468 0 2797 2023 298 476 10115 4587 3633 1895 0 0 11282 11282 0 0 0 0 0 1535 33 1488 14 0 0 0 57 34 6 17 0 0 0 0 0 2160 2160 UNCOLLECTIBLE PLEDGES 13000 13000 COMPUTER AND MAINTENANCE 12817 8153 4126 538 PROGRAMS & EVENTS 11598 11598 Printing and Publications 4667 331 55 4281 9003 2122 5946 935 326236 222447 66085 37704 471924 475177 0 36450 32901 0 0 0 0 0 0 0 331287 339888 0 0 0 0 839661 847966 1275 106 284000 330400 285275 330506 X 525386 483460 29000 34000 554386 517460 839661 847966 -33124 -3802 X true X false true false X 266975 233586 302758 323986 278296 1405601 0 0 266975 233586 302758 323986 278296 1405601 161737 1243864 7092 9780 11290 11999 12416 52577 0 0 1458178 0.85300 0.81080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true 0 0 ABRAMSON SCHOLAR GRANTS 41 125550 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. AVERAGE HOURS PER WEEK AVERAGE HOURS FOR BOARD MEMBERS IS DETERMINED BASED ON AN ESTIMATE OF TIME SPENT ON BOARD MATTERS.