William & Betty Andres Foundation
- Assets
- $1.2m
- Revenue
- $136.5k
- Investments
- $1.2m
- Employees
- 0
- Location
- Medina, MN
- Founding
- 09/1996
- Data as of
- 12/2022
- EIN
- 41-1833413
Organization Overview
William & Betty Andres Foundation is located in Medina, MN. The organization was established in 1996. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. William & Betty Andres 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 12/2022, William & Betty Andres Foundation generated $136.5k 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 (30.2%) each year. All expenses for the organization totaled $122.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, William & Betty Andres Foundation has awarded 19 individual grants totaling $1,587,250. 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 |
|---|---|---|---|
Richard Andres President | 1 | $0 | |
Christine Andres Secretary T | 1 | $0 | |
Steven Andres Director | 0 | $0 | |
Bradley Andres Director | 0 | $0 | |
Emily Andres Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $192 |
| Dividends & Interest | $32,731 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $103,574 |
| Capital Gain Net Income | $103,574 |
| Net ST Capital Gain | $4,397 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $136,497 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $988 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $121 |
| Total operating and administrative expenses | $17,059 |
| Contributions, gifts, grants paid | $105,000 |
| Total expenses and disbursements | $122,059 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,728 |
| 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 | $1,242,261 |
| 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, William & Betty Andres Foundation has awarded $105,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UPPER IOWA UNIVERSITY PURPOSE: GENERAL | $100,000 |
YMCA CAMP WARREN PURPOSE: GENERAL | $5,000 |