Neil And Anna Rasmussen Foundation
- Assets
- $56.4m
- Revenue
- $321.8k
- Investments
- $55.5m
- Employees
- 0
- Location
- Concord, MA
- Founding
- 11/1995
- Data as of
- 12/2022
- EIN
- 04-6771880
Organization Overview
Neil And Anna Rasmussen Foundation is located in Concord, MA. The organization was established in 1995. 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. Neil And Anna Rasmussen 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 12/2022, Neil And Anna Rasmussen Foundation generated $321.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $1.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Neil And Anna Rasmussen Foundation has awarded 393 individual grants totaling $33,242,406. 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 |
|---|---|---|---|
Neil And Anna Rasmussen Trustees | 0.25 | $0 | |
Susan W Winter Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,000 |
| Interest on Savings | $1,258 |
| Dividends & Interest | $850,145 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$760,429 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $210,801 |
| Total Revenue | $321,775 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $12,239 |
| Taxes | $554,762 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $96,374 |
| Total operating and administrative expenses | $879,690 |
| Contributions, gifts, grants paid | $813,060 |
| Total expenses and disbursements | $1,692,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $867,929 |
| 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 | $38,282,445 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $56,411,001 |
| 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, Neil And Anna Rasmussen Foundation has awarded $813,060 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
CROHN'S & COLITIS FOUNDATION OF AMERICA PURPOSE: UNRESTRICTED CONTRIBUTION | $10,000 |
FOOD PROJECT PURPOSE: UNRESTRICTED CONTRIBUTION | $2,500 |
FRIENDS OF MINUTEMAN NATIONAL PARK PURPOSE: UNRESTRICTED CONTRIBUTION | $10,000 |
ACADEMY OF PERFORMING ARTS PURPOSE: UNRESTRICTED CONTRIBUTION | $5,000 |
CONCORD ACADEMY PURPOSE: UNRESTRICTED CONTRIBUTION | $5,000 |
CONCORD FREE PUBLIC LIBRARY CORPORATION PURPOSE: UNRESTRICTED CONTRIBUTION | $5,000 |