The Anchor Foundation Inc
- Assets
- $5.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/1972
- Data as of
- 12/2022
- EIN
- 13-2706215
Organization Overview
The Anchor Foundation Inc is located in New York, NY. The organization was established in 1972. 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. Anchor Foundation Inc 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, Anchor Foundation Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 1.3% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE PAGE 12, PART XV-B FOR THE ORGANIZATION'S OPERATING ACTIVITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norton Sandler President/director | 30 | $0 | |
Jack Barnes Director | 40 | $102,400 | |
Stephen Clark Secretary Treasurer/direct | 40 | $0 | |
Mary Alice Waters Director | 40 | $102,400 | |
David Prince Director | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,209,897 |
| Interest on Savings | $0 |
| Dividends & Interest | $53,187 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$17,238 |
| Other Income | $907 |
| Total Revenue | $1,246,753 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $204,800 |
| Other employee salaries and wages | $85,137 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,021 |
| Depreciation | $65,826 |
| Occupancy | $119,815 |
| Travel, conferences, and meetings | $53,353 |
| Printing and publications | $0 |
| Other expenses | $523,380 |
| Total operating and administrative expenses | $1,097,059 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,097,059 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168,048 |
| Savings and temporary cash investments | $3,588,420 |
| Net Accounts receivable | $109,902 |
| 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 | $312,780 |
| Prepaid expenses and deferred charges | $7,513 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,311,723 |
| Other assets | $287,097 |
| Total assets | $5,785,483 |
| Accounts payable and accrued expenses | $14,201 |
| 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 | $14,201 |