Annexstad Family Foundation
- Assets
- $26.3m
- Revenue
- $2.5m
- Investments
- $25.6m
- Employees
- 0
- Location
- Mound, MN
- Founding
- 08/2000
- Data as of
- 12/2022
- EIN
- 41-1975043
Organization Overview
Annexstad Family Foundation is located in Mound, MN. The organization was established in 2000. 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. Annexstad Family 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, Annexstad Family Foundation generated $2.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $3.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Annexstad Family Foundation has awarded 168 individual grants totaling $7,873,400. 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 |
|---|---|---|---|
Patti Annexstad Executive Director/cfo | 1 | $176,911 | |
Elin Wahman Director Of Communic | 40 | $100,553 | |
Zachary D Haas Regional Program Man | 40 | $81,286 | |
Albert T Annexstad Chairman | 5 | $0 | |
Catherine C Annexstad President | 1 | $0 | |
Tom Annexstad Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,403,857 |
| Interest on Savings | $0 |
| Dividends & Interest | $667,799 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $457,987 |
| Capital Gain Net Income | $457,987 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,970 |
| Total Revenue | $2,527,673 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $176,911 |
| Other employee salaries and wages | $242,608 |
| Pension plans, employee benefits | $88,465 |
| Interest | $0 |
| Taxes | $63,981 |
| Depreciation | $17,133 |
| Occupancy | $17,500 |
| Travel, conferences, and meetings | $96,993 |
| Printing and publications | $94,339 |
| Other expenses | $101,352 |
| Total operating and administrative expenses | $1,093,853 |
| Contributions, gifts, grants paid | $1,985,916 |
| Total expenses and disbursements | $3,079,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $184,203 |
| Savings and temporary cash investments | $356,510 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $35,000 |
| 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 | $6,893 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,553,475 |
| Net Land, buildings, and equipment | $69,073 |
| Other assets | $0 |
| Total assets | $26,274,563 |
| Accounts payable and accrued expenses | $47,725 |
| Grants payable | $0 |
| Deferred revenue | $23,211 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $70,936 |
Grants Awarded
Over the last fiscal year, Annexstad Family Foundation has awarded $1,985,916 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF GEORGIA FOUNDATION PURPOSE: SCHOLARSHIP | $271,162 |
Saint Peter, MN PURPOSE: SCHOLARSHIP | $96,534 |
Minneapolis, MN PURPOSE: SCHOLARSHIP | $85,982 |
St Paul, MN PURPOSE: SCHOLARSHIP | $75,000 |
UNIVERSITY OF MISSISSIPPI PURPOSE: SCHOLARSHIP | $75,000 |
CLEMSON UNIVERSITY FOUNDATION PURPOSE: SCHOLARSHIP | $75,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Annexstad Family Foundation has recieved totaling $250,000.
| Awarding Organization | Amount |
|---|---|
Mark E & Mary A Davis Foundation Belle Plaine, MN PURPOSE: GENERAL SUPPORT | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodman Family Operating Foundation Chaska, MN | $298,216,479 | $15,439,155 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Wca Foundation C/O The Minneapolis Foundation Minneapolis, MN | $0 | $1,050,329 |
Esther And Harold Mertz Foundation Sioux Falls, SD | $674,132,608 | $21,835,940 |
Larson Foundation Sioux Falls, SD | $23,259,212 | -$633,184 |
John T Vucurevich Foundation Rapid City, SD | $151,565,692 | $20,798,188 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
Pohlad Family Foundation Minneapolis, MN | $102,001,164 | $18,381,775 |
Roy J Carver Charitable Tr Muscatine, IA | $235,043,756 | $22,231,044 |
F R Bigelow Foundation Trust 555 St Paul, MN | $202,026,485 | $23,166,449 |
Lewis W Hyer Trust 098310c Milwaukee, WI | $167,937,358 | $18,090,828 |
Charles E Lakin Foundation Inc Council Bluffs, IA | $146,415,136 | $18,758,116 |