L P And Teresa Anderson Foundation
- Assets
- $333.7k
- Revenue
- $5.4k
- Investments
- $329.4k
- Employees
- 0
- Location
- Miles City, MT
- Founding
- 11/1993
- Data as of
- 06/2023
- EIN
- 81-0479060
Organization Overview
L P And Teresa Anderson Foundation is located in Miles City, MT. The organization was established in 1993. 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. L P And Teresa 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 06/2023, L P And Teresa Anderson Foundation generated $5.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (22.6%) each year. All expenses for the organization totaled $24.5k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra K Anderson President | 2 | $0 | |
Jeffrey A Hunnes Secretary | 1 | $0 | |
Kevin Tooke Treasurer | 2 | $0 | |
Currently Vacant Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10 |
| Dividends & Interest | $12,500 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,107 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3 |
| Total Revenue | $5,406 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $75 |
| Depreciation | $0 |
| Occupancy | $720 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,636 |
| Total operating and administrative expenses | $10,672 |
| Contributions, gifts, grants paid | $13,780 |
| Total expenses and disbursements | $24,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,337 |
| Savings and temporary cash investments | $1,985 |
| 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 | $333,709 |
| 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, L P And Teresa Anderson Foundation has awarded $13,780 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CCDHS EVA KOR FUND PURPOSE: YOUTH: AUSCHWITZ FIELD TRIP | $780 |
FIRST BAPTIST CHURCH PURPOSE: YOUTH: SUMMER MEAL PROGRAM EQUIPMENT | $5,000 |
DEAP OF SOUTHEASTERN MONTANA PURPOSE: YOUTH:AUTISM TESTING CENTER UPGRADES | $3,000 |
CUSTER COUNTY FOOD BANK PURPOSE: SOCIAL SERVICES: TO PURCHASE MEAT | $5,000 |