Frank N Andersen Foundation
- Assets
- $5.7m
- Revenue
- $55.5k
- Investments
- $2.7m
- Employees
- 0
- Location
- Bridgeport, MI
- Founding
- 12/1957
- Data as of
- 12/2023
- EIN
- 38-6062616
Organization Overview
Frank N Andersen Foundation is located in Bridgeport, MI. The organization was established in 1957. 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. Frank N Andersen 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, Frank N Andersen Foundation generated $55.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (24.2%) each year. All expenses for the organization totaled $440.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Frank N Andersen Foundation has awarded 143 individual grants totaling $1,516,813. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey W Mcnally President | 1 | $18,800 | |
Micheal A Tate Vice President | 5 | $18,800 | |
Barbara Lincoln Secretary Treasurer | 1 | $400 | |
John J Hausbeck Trustee | 1 | $600 | |
Arnold L Johnson Trustee | 1 | $800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $67,109 |
| Dividends & Interest | $181,258 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$192,872 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,495 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $39,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,769 |
| Depreciation | $57 |
| Occupancy | $7,500 |
| Travel, conferences, and meetings | $180 |
| Printing and publications | $0 |
| Other expenses | $1,081 |
| Total operating and administrative expenses | $74,692 |
| Contributions, gifts, grants paid | $365,485 |
| Total expenses and disbursements | $440,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,045,240 |
| 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 | $1,645,491 |
| Net Land, buildings, and equipment | $115 |
| Other assets | $0 |
| Total assets | $5,728,490 |
| Accounts payable and accrued expenses | $1,096 |
| 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 | $1,096 |
Grants Awarded
Over the last fiscal year, Frank N Andersen Foundation has awarded $365,485 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
YMCA OF SAGINAW PURPOSE: TO ENHANCE FACILITIES | $15,000 |
ANDERSEN ENRICHMENT CENTER PURPOSE: OPERATIONS AND MAINTENACE | $25,000 |
BIG BROTHERS BIG SISTERS PURPOSE: FOR CONTINUING OPERATIONS | $5,000 |
BOY SCOUTS OF AMERICA PURPOSE: SCOUT REACH PROGRAM | $5,000 |
CENTRAL MICHIGAN UNIVERSITY PURPOSE: SCHOLARSHIPS | $20,000 |
CITY RESCUE MISSION PURPOSE: OPERATIONS | $25,000 |