William Bert Anderson Foundation Inc
- Assets
- $422.2k
- Revenue
- $67.9k
- Investments
- $190.9k
- Employees
- 0
- Location
- Frederick, MD
- Founding
- 01/2005
- Data as of
- 03/2023
- EIN
- 20-0514422
Organization Overview
William Bert Anderson Foundation Inc is located in Frederick, MD. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William Bert Anderson Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2023, William Bert Anderson Foundation Inc generated $67.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 74.6% each year . All expenses for the organization totaled $29.5k during the year ending 03/2023. While expenses have increased by 15.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATION TO THE COMMUNITY FOUNDATION OF FREDERICK COUNTY TO SUPPORT KEY MEMORIAL CHAPEL FUND
DONATION TO THE COMMUNITY FOUNDATION OF FREDERICK COUNTY FOR GENERAL FUND
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Anderson President | 0.1 | $0 | |
Joe Welty Director | 0.1 | $0 | |
Mary Beth Visco Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $2,740 |
| Dividends & Interest | $15,128 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $67,868 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $192 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,392 |
| Contributions, gifts, grants paid | $28,100 |
| Total expenses and disbursements | $29,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,719 |
| Savings and temporary cash investments | $187,567 |
| 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 | $422,198 |
| 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, William Bert Anderson Foundation Inc has awarded $11,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION OF FREDERICK C PURPOSE: KEY MEMORIAL FUND | $10,000 |
DOWNTOWN FREDERICK PARTNERSHIP PURPOSE: SUPPORT DOWNTOWN FREDERICK | $1,000 |