Kay M Anderson Foundation
- Assets
- $1.7m
- Revenue
- $206.3k
- Investments
- $1.6m
- Employees
- 0
- Location
- Shenandoah, IA
- Founding
- 02/1991
- Data as of
- 12/2023
- EIN
- 42-1363292
Organization Overview
Kay M Anderson Foundation is located in Shenandoah, IA. The organization was established in 1991. 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. Kay M 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 12/2023, Kay M Anderson Foundation generated $206.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $126.7k during the year ending 12/2023. While expenses have increased by 8.0% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kay M Anderson Foundation has awarded 330 individual grants totaling $704,977. 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 |
|---|---|---|---|
David R Lashier Treasurer | 0 | $600 | |
Terry Miller Director | 0 | $600 | |
Marcia Johnson Director | 0 | $600 | |
Tom Beavers Director | 0 | $600 | |
Darlene Howard Director | 0 | $600 | |
Edi Shull Director | 0 | $600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $50,166 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $153,774 |
| Capital Gain Net Income | $153,774 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,333 |
| Total Revenue | $206,273 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $169 |
| Total operating and administrative expenses | $20,549 |
| Contributions, gifts, grants paid | $106,126 |
| Total expenses and disbursements | $126,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,144 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $3,347 |
| 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 | $389,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,685,526 |
| 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, Kay M Anderson Foundation has awarded $106,126 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
CLAIRE CAMPBELL PURPOSE: SCHOLARSHIP | $500 |
DONIVAN KINGHORN PURPOSE: SCHOLARSHIP | $500 |
JACOB STENZEL PURPOSE: SCHOLARSHIP | $500 |
ALEXIS MCGINNIS PURPOSE: SCHOLARSHIP | $500 |
LOGAN HUGHES PURPOSE: SCHOLARSHIP | $500 |
ROXY DENTON PURPOSE: SCHOLARSHIP | $1,000 |