Anderson Family Foundation
- Assets
- $1.3m
- Revenue
- $867.0k
- Investments
- $1.1m
- Employees
- 0
- Location
- Excelsior, MN
- Founding
- Data as of
- 12/2023
- EIN
- 84-4009058
Organization Overview
Anderson Family Foundation is located in Excelsior, MN. 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. Anderson 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 12/2023, Anderson Family Foundation generated $867.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 35.4% each year .
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc G Anderson Trustee | 0 | $0 | |
Mary Anne G Anderson Trustee | 0 | $0 | |
Cole S Anderson Trustee | 0 | $0 | |
Jake G Anderson Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $701,273 |
| Interest on Savings | $3 |
| Dividends & Interest | $5,740 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $159,975 |
| Capital Gain Net Income | $159,975 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $866,991 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $217 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,859 |
| Contributions, gifts, grants paid | $81,500 |
| Total expenses and disbursements | $86,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,858 |
| 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 | $1,342,931 |
| 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, Anderson Family Foundation has awarded $81,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ACE SCHOLARSHIPS PURPOSE: GENERAL OPERATING | $5,000 |
COTTAGEWOOD COMMUNITY FOUNDATION PURPOSE: GENERAL OPERATING | $500 |
FEED MY STARVING CHILDREN PURPOSE: GENERAL OPERATING | $1,000 |
ST THERESE CATHOLIC SCHOOL ENDOWMENT FUND PURPOSE: GENERAL OPERATING | $50,000 |
WINGS FOR WINDOWS PURPOSE: GENERAL OPERATING | $25,000 |