Morten Andersen Family Foundation Inc
- Assets
- $62.9k
- Revenue
- $69.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Buford, GA
- Founding
- 05/2010
- Data as of
- 11/2023
- EIN
- 27-1544616
Organization Overview
Morten Andersen Family Foundation Inc is located in Buford, GA. The organization was established in 2010. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morten Andersen Family 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, Morten Andersen Family Foundation Inc generated $69.6k 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 (4.9%) each year. All expenses for the organization totaled $124.2k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Morten Andersen Family Foundation Inc has awarded 121 individual grants totaling $588,109. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morten Andersen Presidentdirector | 16 | $13,400 | |
Jennifer Andersen Vice Presidentdirector | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,772 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $137 |
| Other Income | $54,723 |
| Total Revenue | $69,632 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $90 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,836 |
| Printing and publications | $0 |
| Other expenses | $3,947 |
| Total operating and administrative expenses | $22,573 |
| Contributions, gifts, grants paid | $101,661 |
| Total expenses and disbursements | $124,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,632 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $225 |
| 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 | $62,857 |
| Accounts payable and accrued expenses | $51 |
| 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 | $51 |
Grants Awarded
Over the last fiscal year, Morten Andersen Family Foundation Inc has awarded $101,661 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
OPERATION ONE VOICE PURPOSE: SCHOLARSHIPS FORCHILDREN OF FALLENSOLDIERS | $46,853 |
MID COAST VETERANS COUNCIL PURPOSE: VETERANS SUPPORT | $10,000 |
BUFORD HIGH SCHOOL PURPOSE: EDUCATIONAL INSTITUTION | $3,754 |
MSU ALUMNI CLUB OF GREATER ATLANTA PURPOSE: EDUCATIONAL INSTITUTION | $2,500 |
BOYS AND GIRLS CLUB OF LANIER PURPOSE: CHILDRENS PROGRAMS | $7,500 |
VETERANS COALITION INTERNATIONAL PURPOSE: SUPPORT VETERANS | $19,500 |