Nonprofit · EIN 36-3092281
ABRA PRENTICE FOUNDATION INC
Tax-exempt · CHICAGO, IL 60611
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $11,685,087 | $3,749,118 | $7,935,969 | $54,523,164 | $1,186,938 | $53,336,226 |
| December 31, 2023 | 990-PF | $5,405,088 | $3,436,363 | $1,968,725 | $47,655,463 | $229,196 | $47,426,267 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,338,567
- Dividends
- $1,158,290
- Net gain from sales of assets
- $6,176,094
- Other income
- $12,136
Expenses
- Grants and similar amounts paid
- $3,059,416
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $45,000
- Disbursements for charitable purposes
- $3,152,522
- Excise tax on investment income
- $94,658
Balance sheet and other
- Total assets, start of year
- $47,655,463
- Total assets, end of year
- $54,523,164
- Total liabilities, end of year
- $1,186,938
- Net assets, end of year
- $53,336,226
- Fair market value of assets
- $71,489,930
- Qualifying distributions
- $3,152,522
- Net investment income
- $7,346,520
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 |
|---|---|---|---|
| ABRA PRENTICE WILKIN 980 N MICHIGAN AVENUE SUITE 1360, CHICAGO, IL 60611 | PRESIDENT & DIRECTOR | 1 | $0 |
| LOUIS S HARRISON 333 W WACKER DRIVE SUITE 1700, CHICAGO, IL 60606 | SECRETARY, VP & DIRECTOR | 0.25 | $0 |
| JAMES WILKIN 980 N MICHIGAN AVENUE SUITE 1360, CHICAGO, IL 60611 | TREASURER & DIRECTOR | 0.5 | $0 |
| ABRA A WILLIAMS 980 N MICHIGAN AVENUE SUITE 1360, CHICAGO, IL 60611 | DIRECTOR | 0.5 | $0 |
| ANTHONY R ANDERSON 980 N MICHIGAN AVENUE SUITE 1360, CHICAGO, IL 60611 | DIRECTOR | 0.5 | $0 |
| LORETTA W COONEY 980 N MICHIGAN AVENUE SUITE 1360, CHICAGO, IL 60611 | DIRECTOR | 0.25 | $0 |
| GEORGE M COVINGTON 980 N MICHIGAN AVENUE SUITE 1360, CHICAGO, IL 60611 | DIRECTOR | 0.25 | $0 |
| HILARY HUNT 980 N MICHIGAN AVENUE SUITE 1360, CHICAGO, IL 60611 | DIRECTOR | 0.25 | $0 |
990-PF for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ABRA PRENTICE WILKIN 980 N MICHIGAN AVENUE SUITE 1360, CHICAGO, IL 60611 | PRESIDENT & DIRECTOR | 1 | $0 |
| LOUIS S HARRISON 333 W WACKER DRIVE SUITE 1700, CHICAGO, IL 60606 | SECRETARY, VP & DIRECTOR | 0.25 | $0 |
| JAMES WILKIN 980 N MICHIGAN AVENUE SUITE 1360, CHICAGO, IL 60611 | TREASURER & DIRECTOR | 0.5 | $0 |
| ABRA A WILLIAMS 980 N MICHIGAN AVENUE SUITE 1360, CHICAGO, IL 60611 | DIRECTOR | 0.5 | $0 |
| ANTHONY R ANDERSON 980 N MICHIGAN AVENUE SUITE 1360, CHICAGO, IL 60611 | DIRECTOR | 0.5 | $0 |
| LORETTA W COONEY 980 N MICHIGAN AVENUE SUITE 1360, CHICAGO, IL 60611 | DIRECTOR | 0.25 | $0 |
| GEORGE M COVINGTON 980 N MICHIGAN AVENUE SUITE 1360, CHICAGO, IL 60611 | DIRECTOR | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 980 N MICHIGAN AVE STE 1360, CHICAGO, IL 60611-4591
- Signed the 990-PF
- LOUIS S HARRISON, VICE PRESIDENT
- Phone
- (312) 640-1362
- Return prepared by
- RSM US 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
- 36-3092281
- 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
- 1981
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $54,523,164
- Income (IRS master file)
- $27,741,084
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $11,685,087 | $3,749,118 | $54,523,164 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $5,405,088 | $3,436,363 | $47,655,463 | 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-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 36-3092281).
Questions about ABRA PRENTICE FOUNDATION INC
- What is the EIN of ABRA PRENTICE FOUNDATION INC?
- The employer identification number (EIN) of ABRA PRENTICE FOUNDATION INC is 36-3092281.
- Is ABRA PRENTICE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
- Are donations to ABRA PRENTICE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does ABRA PRENTICE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ABRA PRENTICE FOUNDATION INC 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 ABRA PRENTICE FOUNDATION INC 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 ABRA PRENTICE FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does ABRA PRENTICE FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $11,685,087, expenses of $3,749,118 and total assets of $54,523,164 at year end.
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