Anderson-Paffard Foundation Incorporated
- Assets
- $4.4m
- Revenue
- $34.6k
- Investments
- $4.4m
- Employees
- 0
- Location
- New London, CT
- Founding
- 03/1983
- Data as of
- 09/2023
- EIN
- 06-1047468
Organization Overview
Anderson-Paffard Foundation Incorporated is located in New London, CT. The organization was established in 1983. 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-Paffard Foundation Incorporated 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 09/2023, Anderson-Paffard Foundation Incorporated generated $34.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.1%) each year. All expenses for the organization totaled $282.0k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Anderson-Paffard Foundation Incorporated has awarded 196 individual grants totaling $1,734,500. 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 |
|---|---|---|---|
Frederic P Anderson MD President | 1 | $0 | |
Sara S Peck Vice President | 1 | $0 | |
Robert P Anderson Jr Secy/treas | 1 | $0 | |
Charles C Anderson Trustee | 1 | $0 | |
James A Anderson Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $110,028 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$75,389 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $34,639 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,695 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $756 |
| Total operating and administrative expenses | $4,951 |
| Contributions, gifts, grants paid | $277,000 |
| Total expenses and disbursements | $281,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,697 |
| Savings and temporary cash investments | $9,950 |
| 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 | $4,422,790 |
| 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-Paffard Foundation Incorporated has awarded $277,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
CONNECTICUT LYRIC OPERA PURPOSE: EXEMPT PURPOSE OF DONEE | $4,000 |
CT TRUST FOR HISTORIC PRESERVATION PURPOSE: EXEMPT PURPOSE OF DONEE | $5,000 |
GARDE ARTS THEATER PURPOSE: EXEMPT PURPOSE OF DONEE | $5,000 |
GROTON OPEN SPACE ASSOCIATION PURPOSE: EXEMPT PURPOSE OF DONEE | $12,000 |
LAWRENCE MEMORIAL HOSPITAL PURPOSE: EXEMPT PURPOSE OF DONEE | $5,000 |
METROPOLITAN OPERA PURPOSE: EXEMPT PURPOSE OF DONEE | $2,000 |