Frederick B Abramson Inc.
Frederick B Abramson Inc.
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About this organization
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.
About
THE SCHOLARSHIP PROGRAM: IN THE PAST 25 YEARS, THE ABRAMSON SCHOLARSHIP FOUNDATION HAS AWARDED OVER $1 MILLION IN SCHOLARSHIPS TO NEARLY 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. FORTY PERCENT OF OUR STUDENTS ARE FROM FAMILIES EARNING $30,000 A YEAR OF LESS. ABRAMSON SCHOLARS ARE ELIGIBLE EACH YEAR FOR SUBSEQUENT, INCREASING SCHOLARSHIPS FOR UP TO FOUR YEARS. AWARD AMOUNTS INCREASE EACH YEAR BECAUSE THE FOUNDATION HAS LEANRED THROUGH EXPERIENCE THAT OTHER SOURCES OF FINANCIAL AID TEND TO DIMISH AND DISAPPEAR. IN ADDITION TO FINANCIAL SUPPORT, EACH SCHOLAR IS ASSIGNED ONE, AND OFTEN TWO MENTORS WHO OFFER A VARIETY OF ADVICE AND SUPPORT - FROM PROOFREADING ACADEMIC PAPERS, TO PROVIDING PROFESSIONAL CONTACTS WHO CAN HELP SCHOLARS FIND SUMMER INTERNSHIPS OR JOBS IN THIER FIELDS OF STUDY.
Interesting data from their 2020 990 filing
The non-profit's mission, as documented in the filing, is “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.”.
When explaining its purpose, the activities were described as: “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 non-profit is legally allowed to operate in the state of DC, as reported.
- The filing provides the non-profit's address in 2020 as PO BOX 7810, WASHINGTON, DC, 20044.
- The non-profit has a total of 2 employees, as reported on their form for 2020.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are between $100,000 and $250,000.
- Revenue is between $250,000 and $500,000.
- Revenue less expenses is $25,098.
- The CEO compensation strategy within the organization is determined through a review and approval process by a neutral party.
- The organization has 33 independent voting members.
- The organization was formed in 1991.
- The organization is required to file Schedule B.
- The organization is required to file Schedule J.
- The organization is required to file Schedule O.
- The organization's financial statements were compiled or reviewed by an accountant.
- The organization pays $93,542 in salary, compensation, and benefits to its employees.
- The organization pays $33,243 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization pays grants to individuals.
- The organization has minutes of its meetings.
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