Anchor 39 Foundation
- Assets
- $4.9m
- Revenue
- $2.5m
- Investments
- $4.9m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 09/2019
- Data as of
- 12/2023
- EIN
- 82-5285229
Organization Overview
Anchor 39 Foundation is located in Memphis, TN. The organization was established in 2019. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anchor 39 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, Anchor 39 Foundation generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 55.3% each year . All expenses for the organization totaled $169.0k during the year ending 12/2023. 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
SUICIDE PREVENTION AND MENTAL HEALTH COUNSELING TO MILITARY SERVICE MEMBERS MARRIAGE GUIDANCE FOOD AND INFANT SUPPLIES TO SINGLE MOTHERS CAREER AND TRANSITION ADVISEMENT IN CONJUNCTION WITH COMMUNITY SERVICE PROGRAM
ADVANCED TRAINING IN ROBOTIC SURGERY IN THE KINGDOM OF BAHRAIN INITIAL ASSESSMENTS COMPLETED TO ESTABLISH THE INFRASTRUCTURE NEEDED FOR MINIMALLY INVASIVE ROBOTIC SURGICAL SYSTEMS AND ANCILLARY CARE AMONG THE UNDERSERVED
PROVISION OF ADVANCED CARDIAC LIFE SUPPORT AND ADVANCED TRAUMA LIFE SUPPORT TRAINING PROGRAMS IN NORTHEAST CHINA TO ATTENDING PHYSICIANS NURSING STAFF AND INTERNATIONAL MEDICAL STUDENTS IN CONJUNCTION WITH HANDS ON SIMULATION
BASIC SURGICAL TRAINING TO PROFESSIONALS AT ALL LEVELS INCLUDING MEDICAL AND PHYSICIAN ASSISTANT STUDENTS NURSES NURSE PRACTITIONERS AND PHYSICIANS IN PREPARATION FOR VOLUNTARY INTERNATIONAL MEDICAL SERVICE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Kim Secretarydirector | 5 | $0 | |
Michelle Kim Director | 5 | $0 | |
Elijah Kim Prestreasdirct | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $46,457 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,421,786 |
| Capital Gain Net Income | $2,421,785 |
| Net ST Capital Gain | $1,282,753 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,468,243 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,193 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $11,076 |
| Printing and publications | $180 |
| Other expenses | $0 |
| Total operating and administrative expenses | $129,005 |
| Contributions, gifts, grants paid | $40,000 |
| Total expenses and disbursements | $169,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,799 |
| 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 | $0 |
| Total assets | $4,940,687 |
| 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, Anchor 39 Foundation has awarded $23,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
FLORIDA DISASTER FUND - VOLUNTEER FLORIDA FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSES | $5,000 |
SAMARITAN'S PURSE INTERNATIONAL RELIEF PURPOSE: GENERAL CHARITABLE PURPOSES | $5,000 |
MUSTARD SEED CHURCH PURPOSE: GENERAL CHARITABLE PURPOSES | $10,000 |
PAN-AFRICAN ACADEMY OF CHRISTIAN SURGEONS PURPOSE: GENERAL CHARITABLE PURPOSES | $1,000 |
LIFESONG FOR ORPHANS PURPOSE: GENERAL CHARITABLE PURPOSES | $2,000 |