Anderson Foundation Inc
- Assets
- $5.9m
- Revenue
- $163.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Bernardsville, NJ
- Founding
- 04/1982
- Data as of
- 11/2023
- EIN
- 22-2393971
Organization Overview
Anderson Foundation Inc is located in Bernardsville, NJ. The organization was established in 1982. 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. 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 11/2023, Anderson Foundation Inc generated $163.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $732.7k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Anderson Foundation Inc has awarded 120 individual grants totaling $5,539,356. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION LEASES SPACE TO PUBLIC CHARITIES TO CARRY OUT THE EXEMPT PURPOSE WITH NO RENTAL INCOME.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $139 |
| Dividends & Interest | $156,880 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1 |
| Capital Gain Net Income | $1 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,930 |
| Total Revenue | $162,950 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,238 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,664 |
| Total operating and administrative expenses | $56,852 |
| Contributions, gifts, grants paid | $675,800 |
| Total expenses and disbursements | $732,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $645,222 |
| Savings and temporary cash investments | $2,675,199 |
| 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 | $815,179 |
| Other assets | $1,770,000 |
| Total assets | $5,905,600 |
| 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, Anderson Foundation Inc has awarded $675,800 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN BIBLE SOCIETY PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
FAMILY RESEARCH COUNCIL PURPOSE: CHARITABLE CONTRIBUTION | $100,000 |
GRATEFULLY GRAFTED MINISTRIES PURPOSE: CHARITABLE CONTRIBUTION | $25,000 |
BLINKNOW FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
GRACE FELLOWSHIP CHAPEL PURPOSE: CHARITABLE CONTRIBUTION | $100,000 |
FIRST CHOICE WOMEN'S RESOURCE CENTERS PURPOSE: CHARITABLE CONTRIBUTION | $25,000 |