Pauline K Anderson Foundation Inc
- Assets
- $4.8m
- Revenue
- $273.3k
- Investments
- $4.7m
- Employees
- 0
- Location
- Hagerstown, MD
- Founding
- 03/2002
- Data as of
- 12/2023
- EIN
- 30-0021069
Organization Overview
Pauline K Anderson Foundation Inc is located in Hagerstown, MD. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Pauline K 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 12/2023, Pauline K Anderson Foundation Inc generated $273.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $387.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Pauline K Anderson Foundation Inc has awarded 107 individual grants totaling $2,346,000. 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 |
|---|---|---|---|
John Itell Vice President/treasurer | 0.5 | $6,000 | |
Michael G Day President/secretary | 0.5 | $6,000 | |
Susan Itell Director | 0.5 | $6,000 | |
Betsy Day Director | 0.5 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $183,991 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $89,357 |
| Capital Gain Net Income | $89,357 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $273,348 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,996 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,866 |
| Total operating and administrative expenses | $87,331 |
| Contributions, gifts, grants paid | $300,000 |
| Total expenses and disbursements | $387,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,342 |
| Savings and temporary cash investments | $60,761 |
| 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 | $4,840,451 |
| 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, Pauline K Anderson Foundation Inc has awarded $300,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BARBARA INGRAM SCHOOL FOR THE ARTS PURPOSE: GENERAL CHARITABLE | $15,000 |
BOYS AND GIRLS CLUB OF WASHINGTON COUNTY PURPOSE: GENERAL CHARITABLE | $5,000 |
BROOKE'S HOUSE PURPOSE: GENERAL CHARITABLE | $5,000 |
CHILDREN IN NEED INC PURPOSE: GENERAL CHARITABLE | $15,000 |
COMMUNITY FOUNDATION OF WASHINGTON COUNTY PURPOSE: GENERAL CHARITABLE | $35,000 |
COMMUNITY FREE CLINIC PURPOSE: GENERAL CHARITABLE | $40,000 |