Andromeda Foundation
- Assets
- $1.9m
- Revenue
- $102.4k
- Investments
- $1.9m
- Employees
- 0
- Location
- Waltham, MA
- Founding
- 01/2010
- Data as of
- 12/2023
- EIN
- 27-6324285
Organization Overview
Andromeda Foundation is located in Waltham, MA. The organization was established in 2010. 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. Andromeda 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, Andromeda Foundation generated $102.4k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $114.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Andromeda Foundation has awarded 28 individual grants totaling $637,500. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane G Morse Trustee | 1 | $0 | |
Robert F Morse Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35 |
| Interest on Savings | $12,877 |
| Dividends & Interest | $35,630 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $53,860 |
| Capital Gain Net Income | $53,860 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $102,402 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $109 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $12,164 |
| Contributions, gifts, grants paid | $102,500 |
| Total expenses and disbursements | $114,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,778 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,916,161 |
| 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, Andromeda Foundation has awarded $102,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
SAN FRANCISCO PHILHARMONIC ORCHESTRA PURPOSE: CHARITABLE PURPOSE | $20,000 |
OSWEGO COLLEGE FOUNDATION PURPOSE: CHARITABLE PURPOSE | $2,500 |
GABRIELA LENA FRANK CREATIVE ACADEMY OF MUSIC PURPOSE: CHARITABLE PURPOSE | $10,000 |
CONCERTS AT THE POINT PURPOSE: CHARITABLE PURPOSE | $2,500 |
COMMUNITY ROWING PURPOSE: CHARITABLE PURPOSE | $10,000 |
LOCAL 802 EMERGENCY RELIEF FUND PURPOSE: CHARITABLE PURPOSE | $5,000 |