Andersen-Formolo Family Foundation
- Assets
- $9.1m
- Revenue
- $2.3m
- Investments
- $8.5m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/2005
- Data as of
- 12/2020
- EIN
- 20-1917495
Organization Overview
Andersen-Formolo Family Foundation is located in Chicago, IL. 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. Andersen-Formolo Family Foundation 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 12/2020, Andersen-Formolo Family Foundation generated $2.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $682.4k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Andersen-Formolo Family Foundation has awarded 141 individual grants totaling $3,362,363. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Andersen-Formolo Secretary | 0 | $0 | |
Elizabeth Douglas Director | 0 | $0 | |
Thomas J Formolo President/treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,003,391 |
| Interest on Savings | $54,015 |
| Dividends & Interest | $114,830 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $130,754 |
| Capital Gain Net Income | $130,754 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$13,903 |
| Total Revenue | $2,289,087 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,656 |
| Total operating and administrative expenses | $13,656 |
| Contributions, gifts, grants paid | $668,780 |
| Total expenses and disbursements | $682,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $151,606 |
| 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 | $468,605 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,567,410 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,083,203 |
| 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, Andersen-Formolo Family Foundation has awarded $855,833 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
BY THE HAND CLUB FOR KIDS PURPOSE: AS NEEDED | $220,000 |
NORTH AUSTIN COMMUNITY CENTER PURPOSE: AS NEEDED | $200,000 |
Chicago, IL PURPOSE: AS NEEDED | $62,500 |
Manhattan Beach, CA PURPOSE: AS NEEDED | $50,000 |
Park Ridge, IL PURPOSE: AS NEEDED | $50,000 |
Chicago, IL PURPOSE: AS NEEDED | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Childrens Fund Inc Neenah, WI | $1,153,019 | $79,562,043 |
Pritzker Family Foundation Chicago, IL | $156,116,781 | $25,309,600 |
James S Mcdonnell Foundation St Louis, MO | $496,119,714 | $80,243,658 |
Patterson Family Foundation Kansas City, MO | $1,526,002,008 | $1,174,628,172 |
Paul M Angell Family Foundation Chicago, IL | $1,816,327 | $24,997,411 |
Alfred And Isabel Bader 2014 Charitable Trust Milwaukee, WI | $88,717,556 | $62,553,918 |
Nina Mason Pulliam Charitable Tr Indianapolis, IN | $513,484,211 | $27,103,020 |
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
Pritzker Traubert Foundation Chicago, IL | $0 | $14,671,849 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |