Anderson Foundation
- Assets
- $3.9m
- Revenue
- $870.5k
- Investments
- $2.8m
- Employees
- 0
- Location
- Greenwood, MN
- Founding
- 12/1999
- Data as of
- 12/2022
- EIN
- 41-1953725
Organization Overview
Anderson Foundation is located in Greenwood, MN. The organization was established in 1999. 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. Anderson 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, Anderson Foundation generated $870.5k 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 (16.1%) each year. All expenses for the organization totaled $663.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Anderson Foundation has awarded 24 individual grants totaling $2,960,800. 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
2022
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 |
|---|---|---|---|
Debra Anderson Director | 1 | $0 | |
Michael Anderson Director | 1 | $0 | |
Lillian Hohag Director | 1 | $0 | |
Patrick Brunner Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $553,211 |
| Interest on Savings | $0 |
| Dividends & Interest | $117,499 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $199,756 |
| Capital Gain Net Income | $199,756 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $870,466 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $167,648 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,126 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $20,509 |
| Printing and publications | $0 |
| Other expenses | $707 |
| Total operating and administrative expenses | $235,738 |
| Contributions, gifts, grants paid | $427,500 |
| Total expenses and disbursements | $663,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $146,833 |
| 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 | $1,024,062 |
| Total assets | $3,943,269 |
| 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, Anderson Foundation has awarded $427,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
HAITIAN EDUCATIONAL LEADERSHIP PROGRAM (HELP) PURPOSE: SPONSOR DR. ADAMS SCHOLARSHIP TO SUPPORT FEMALE STUDENT | $15,000 |
HEIFER INTERNATIONAL PURPOSE: SPONSOR RWANDA PRISM PROJECT | $50,000 |
BOUNTIFIELD INTERNATIONAL PURPOSE: SPONSOR SHE FEEDS AFRICA INITIATIVE | $40,000 |
MINNESOTA WOMEN'S FOUNDATION PURPOSE: GENERAL DONATION TO WOMEN FOUNDATION | $25,000 |
ASOCIACION MAIA PURPOSE: GENERAL DONATION TO SCHOOL FOR GIRLS | $10,000 |
THIRD EPISCOPAL DISTRICT PURPOSE: DONATION FOR NATIONAL WOMEN CHECKUP DAY INITIATIVE | $5,000 |