Gabbay Foundation Inc

Watchung, NJ
Tax-exempt since Feb. 1970
EIN: 23-7048471

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

−$34.4k (2024)

Expenses

$132k (2024)

Total Assets

$512k (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

-$34,381

Expenses

$132,334

Net Income

-$166,715

Net Assets

$511,519

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5
Dividends	$39,044
Sales of Assets	-$73,430
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$129,006	97.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$511,519
Total Liabilities	$0
Net Assets	$511,519

Compensation

Key Employees and Officers	Compensation	Other
Susan Lewis (Pres/Treas)	$0	$0
Daniel Iny (Vice Pres)	$0	$0
Rebecca Lewis (Secretary)	$0	$0

990-PF

Filed on Oct. 9, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$39,248

Expenses

$128,722

Net Income

-$89,474

Net Assets

$678,478

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$39,269	> 100%
Sales of Assets	-$21
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$128,466	99.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$678,478
Total Liabilities	$0
Net Assets	$678,478

Compensation

Key Employees and Officers	Compensation	Other
Susan Lewis (Officer)	$0	$0

990-PF

Filed on Nov. 7, 2024

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2022

Revenue

$40,123

Expenses

$119,874

Net Income

-$79,751

Net Assets

$736,559

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$40,123	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$118,699	99.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$736,559
Total Liabilities	$0
Net Assets	$736,559

Compensation

Key Employees and Officers	Compensation	Other
Susan Gabbay Lewis (President/Treasurer)	$0	$0
Daniel Iny (Vice President)	$0	$0
Rebecca Lewis (Secretary)	$0	$0

990-PF

Filed on Nov. 16, 2023

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$37,001

Expenses

$109,272

Net Income

-$72,271

Net Assets

$736,691

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$36,700	99.2%
Sales of Assets	$301	0.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$104,734	95.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$736,691
Total Liabilities	$0
Net Assets	$736,691

Compensation

Key Employees and Officers	Compensation	Other
Myrna O Gabbay (President)	$0	$0

990-PF

Filed on July 6, 2022

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2020

Revenue

$37,609

Expenses

$106,657

Net Income

-$69,048

Net Assets

$809,291

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$37,525	99.8%
Sales of Assets	$84	0.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$104,560	98.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$809,292
Total Liabilities	$1
Net Assets	$809,291

Compensation

Key Employees and Officers	Compensation	Other
Kenneth H Gabbay (President)	$0	$0
Myrna O Gabbay (Vice President)	$0	$0

990-PF

Filed on June 15, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$100,215

Expenses

$106,969

Net Income

-$6,754

Net Assets

$784,384

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$51,355	51.2%
Interest Revenue	$0
Dividends	$48,497	48.4%
Sales of Assets	$363	0.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$87,286	81.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$784,385
Total Liabilities	$1
Net Assets	$784,384

Compensation

Key Employees and Officers	Compensation	Other
Kenneth H Gabbay (President)	$0	$0
Myrna O Gabbay (Vice President)	$0	$0

990-PF

Filed on Nov. 16, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$109,386

Expenses

$83,157

Net Income

$26,229

Net Assets

$792,278

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$63,993	58.5%
Interest Revenue	$875	0.8%
Dividends	$44,960	41.1%
Sales of Assets	-$442
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$78,136	94.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$792,278
Total Liabilities	$0
Net Assets	$792,278

Compensation

Key Employees and Officers	Compensation	Other
Kenneth H Gabbay (President)	$0	$0
Myrna O Gabbay (Vice President)	$0	$0

990-PF

Filed on July 2, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$113,930

Expenses

$70,253

Net Income

$43,677

Net Assets

$754,599

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$53,717	47.1%
Interest Revenue	$1,750	1.5%
Dividends	$40,268	35.3%
Sales of Assets	$18,195	16.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$66,662	94.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$754,599
Total Liabilities	$0
Net Assets	$754,599

Compensation

Key Employees and Officers	Compensation	Other
Kenneth H Gabbay (President)	$0	$0
Myrna O Gabbay (Vice President)	$0	$0

990-PF

Filed on May 17, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$87,999

Expenses

$67,552

Net Income

$20,447

Net Assets

$695,649

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$50,000	56.8%
Interest Revenue	$1,757	2.0%
Dividends	$36,242	41.2%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$62,901	93.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$695,649
Total Liabilities	$0
Net Assets	$695,649

Compensation

Key Employees and Officers	Compensation	Other
Kenneth H Gabbay (President)	$0	$0
Myrna O Gabbay (Vice President)	$0	$0

990-PF

Filed on Sept. 12, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$92,055

Expenses

$64,656

Net Income

$27,399

Net Assets

$619,823

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$53,600	58.2%
Interest Revenue	$1,756	1.9%
Dividends	$34,436	37.4%
Sales of Assets	$2,263	2.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$60,259	93.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$619,823
Total Liabilities	$0
Net Assets	$619,823

Compensation

Key Employees and Officers	Compensation	Other
Kenneth H Gabbay (President)	$0	$0
Myrna O Gabbay (Vice President)	$0	$0

990-PF

Filed on Aug. 26, 2016

Primary tax return for a private foundation's activities, finances, and governance

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PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$34,609

Expenses

$59,694

Net Income

-$25,085

Net Assets

$547,459

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,753	5.1%
Dividends	$31,953	92.3%
Sales of Assets	$903	2.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$56,705	95.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$547,459
Total Liabilities	$0
Net Assets	$547,459

Compensation

Key Employees and Officers	Compensation	Other
Louise M Gabbay (President)	$0	$0
Kenneth H Gabbay (Vice President)	$0	$0

990-PF

Filed on May 12, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$79,597

Expenses

$78,876

Net Income

$721

Net Assets

$527,334

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$43,000	54.0%
Interest Revenue	$1,753	2.2%
Dividends	$31,274	39.3%
Sales of Assets	$3,570	4.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$54,034	68.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$527,334
Total Liabilities	$0
Net Assets	$527,334

Compensation

Key Employees and Officers	Compensation	Other
Louise M Gabbay (President)	$0	$0
Kenneth H Gabbay (Vice President)	$0	$0

990-PF

Filed on May 7, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$34,029

Expenses

$52,252

Net Income

-$18,223

Net Assets

$501,878

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,283	6.7%
Dividends	$31,046	91.2%
Sales of Assets	$700	2.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$49,425	94.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$501,879
Total Liabilities	$1
Net Assets	$501,878

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

-$2,796

Expenses

$51,110

Net Income

-$53,906

Net Assets

$492,255

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,590
Dividends	$23,079
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$48,246	94.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$492,256
Total Liabilities	$1
Net Assets	$492,255

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Gabbay Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue −$34.4k (2024)

Expenses $132k (2024)

Total Assets $512k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

−$34.4k (2024)

Expenses

$132k (2024)

Total Assets

$512k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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2015

Fiscal Year Ending Dec.
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2013

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