Nonprofit · EIN 20-1704222
STUART AND JESSE ABELSON FOUNDATION TRUST
Tax-exempt · FRANKFORT, IL 60423
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,561,644 | $676,230 | $885,414 | $5,313,882 | $31,895 | $5,281,987 |
| December 31, 2023 | 990-PF | $577,863 | $577,609 | $254 | $4,425,870 | $29,297 | $4,396,573 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $139,219
- Interest
- $2,599
- Net gain from sales of assets
- $1,413,584
- Other income
- $6,242
Expenses
- Grants and similar amounts paid
- $600,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $608,070
- Excise tax on investment income
- $21,014
Balance sheet and other
- Total assets, start of year
- $4,425,870
- Total assets, end of year
- $5,313,882
- Total liabilities, end of year
- $31,895
- Net assets, end of year
- $5,281,987
- Fair market value of assets
- $11,098,924
- Qualifying distributions
- $608,070
- Net investment income
- $1,552,226
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 |
|---|---|---|---|
| H DEBRA LEVIN 353 N CLARK STREET, CHICAGO, IL 606543456 | TRUSTEE | 0 | $0 |
| JESSE F ABELSON 353 N CLARK STREET, CHICAGO, IL 606543456 | TRUSTEE | 0 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| H DEBRA LEVIN 353 N CLARK STREET, CHICAGO, IL 606543456 | TRUSTEE | 0 | $0 |
| JESSE F ABELSON 353 N CLARK STREET, CHICAGO, IL 606543456 | TRUSTEE | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 20940 S FRANKFORT SQ RD, FRANKFORT, IL 60423-8123
- In care of
- % FRIEDMAN & HUEY ASSOCIATES LLP
- Signed the 990-PF
- H DEBRA LEVIN, OFFICER
- Phone
- (312) 923-2789
- Return prepared by
- FRIEDMAN & HUEY ASSOC 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
- 20-1704222
- 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
- 2005
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T90)
- Assets (IRS master file)
- $5,313,882
- Income (IRS master file)
- $3,817,419
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,561,644 | $676,230 | $5,313,882 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $577,863 | $577,609 | $4,425,870 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | 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 20-1704222).
Questions about STUART AND JESSE ABELSON FOUNDATION TRUST
- What is the EIN of STUART AND JESSE ABELSON FOUNDATION TRUST?
- The employer identification number (EIN) of STUART AND JESSE ABELSON FOUNDATION TRUST is 20-1704222.
- Is STUART AND JESSE ABELSON FOUNDATION TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to STUART AND JESSE ABELSON FOUNDATION TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does STUART AND JESSE ABELSON FOUNDATION TRUST file?
- Form 990-PF. Private foundations file every year.
- When is the next return of STUART AND JESSE ABELSON FOUNDATION TRUST 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 STUART AND JESSE ABELSON FOUNDATION TRUST 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 STUART AND JESSE ABELSON FOUNDATION TRUST?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does STUART AND JESSE ABELSON FOUNDATION TRUST have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,561,644, expenses of $676,230 and total assets of $5,313,882 at year end.
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