Andrew F & Mary H Anderson Charitable Foundation
- Assets
- $283.9k
- Revenue
- $18.0k
- Investments
- $278.5k
- Employees
- 0
- Location
- Omena, MI
- Founding
- 05/2005
- Data as of
- 12/2018
- EIN
- 20-0464768
Organization Overview
Andrew F & Mary H Anderson Charitable Foundation is located in Omena, MI. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations.
For the year ending 12/2018, Andrew F & Mary H Anderson Charitable Foundation generated $18.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $18.1k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AWARDED TO STUDENTS ATTENDING NORTHWOOD UNIVERSITY OR DELTA COLLEGE, PREFERABLY STUDYING AN AUTOMOTIVE AFTERMARKET CURRICULUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Anderson President | 0.5 | $0 | |
Ashley Anderson Treasurer | 2 | $0 | |
Sue Anderson Vice Preside | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11 |
| Dividends & Interest | $6,600 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,390 |
| Capital Gain Net Income | $2 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,001 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $246 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,100 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $18,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,352 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $283,867 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Andrew F & Mary H Anderson Charitable Foundation has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DELTA COLLEGE FOUNDATION PURPOSE: COLLEGE SCHOLARSHIP FOUNDATION | $10,000 |
NORTHWOOD UNIVERSITY PURPOSE: SCHOLARSHIPS | $5,000 |