Andersons Inc Charitable Foundation
- Assets
- $11.8m
- Revenue
- $7.2m
- Investments
- $11.7m
- Employees
- 0
- Location
- Maumee, OH
- Founding
- 12/2008
- Data as of
- 12/2023
- EIN
- 26-1665008
Organization Overview
Andersons Inc Charitable Foundation is located in Maumee, OH. The organization was established in 2008. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Andersons Inc Charitable 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 12/2023, Andersons Inc Charitable Foundation generated $7.2m in total revenue. All expenses for the organization totaled $617.3k during the year ending 12/2023. While expenses have increased by 19.8% per year over the past 5 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.
Since 2020, Andersons Inc Charitable Foundation has awarded 111 individual grants totaling $1,530,803. 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
CHARITABLE CONTRIBUTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Kraus Trustee | 0 | $0 | |
Pat Bowe Trustee | 0 | $0 | |
Russell J Mitchell Treasurer | 0 | $0 | |
Cheryl Vion-Hasenaur Trustee | 0 | $0 | |
Jason Phelps Foundation Secretary | 0 | $0 | |
Brian Walz Asst. Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,500,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $310,968 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $379,402 |
| Capital Gain Net Income | $379,402 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,190,370 |
| 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 | $26,850 |
| Total operating and administrative expenses | $77,366 |
| Contributions, gifts, grants paid | $539,979 |
| Total expenses and disbursements | $617,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,164 |
| 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 | $11,709,743 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,793,907 |
| 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, Andersons Inc Charitable Foundation has awarded $539,979 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS-CLEVELAND PURPOSE: 2023 DISASTER CYCLE SERVICES - DIRECT CLIENT FINANCIAL ASSISTANCE | $10,000 |
FFA - NATIONAL FOUNDATION PURPOSE: 2023 FFA SAE GRANTS - IDAHO & LOUISIANA COUNTIES WHERE THE ANDERSONS INC. HAS OPERATIONS | $10,000 |
JUNIOR ACHIEVEMENT OF GREATER TOLEDO PURPOSE: 2023 JUNIOR ACHIEVEMENT ILLUMINATE & INSPIRE | $10,000 |
NATIONAL CENTER FOR WATER QUALITY PURPOSE: RENEWAL OF FUNDING FOR OPERATION OF THE TRIBUTARY LOADING STATION ON THE MAUMEE RIVER AT WATERVILLE, OHIO | $15,000 |
LOCAL INITIATIVES SUPPORT CORP PURPOSE: CREATING EQUITABLE AND INCLUSIVE INVESTMENTS | $10,000 |
NUTRIENTS FOR LIFE FOUNDATION PURPOSE: 2023 FERTILIZER EDUCATION OUTREACH IN OHIO | $10,000 |