Anderson Foundation For The Arts
- Assets
- $1.0m
- Revenue
- $5.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Walla Walla, WA
- Founding
- 10/2014
- Data as of
- 12/2023
- EIN
- 46-4995767
Organization Overview
Anderson Foundation For The Arts is located in Walla Walla, WA. The organization was established in 2014. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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 For The Arts 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, Anderson Foundation For The Arts generated $5.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (25.8%) each year. All expenses for the organization totaled $4.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (24.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ANDERSON FOUNDATION FOR THE ARTS HAS A COLLECTION OF SCULPTURES FROM VARIOUS PROMINENT CONTEMPORARY ARTISTS. ITEMS IN THE COLLECTION ARE AVAILABLE TO BE LOANED TO MUSEUMS OR OTHER NONPROFIT ORGANIZATIONS. IT HAS AN EXHIBITION SPACE FOR SHOWS OF MANY TYPES OF VISUAL ARTS AND WILL MAINTAIN A PUBLIC DISPLAY OF SCULPTURES IN AN OUTDOOR SCULPTURES GARDEN IN WALLA WALLA WASHINGTON. THE OFFICERS OF THE ORGANIZATION BELIEVE IT IS EXTREMELY IMPORTANT TO EDUCATE COMMUNITIES ON HOW ART IS CREATED. LEARNING HOW OBJECTS ARE MADE AND HOW THE CREATIVE PROCESS WORKS ENCOURAGES IMAGINATION THAT HELPS TO FORM INNOVATIVE MINDS AND CRITICAL THINKING. THE FOUNDATION IS QUALIFIED TO TEACH HOW ART IS MADE BECAUSE THE FOUNDERS AND BOARD MEMBERS HAVE EXTENSIVE BACKGROUNDS IN THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia A Anderson President | 1 | $0 | |
Jay M Anderson Vice Preside | 1 | $0 | |
Lisa M Anderson Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,263 |
| Total operating and administrative expenses | $4,273 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,651 |
| 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 | $1,030,700 |
| Total assets | $1,035,351 |
| 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 |