Andersen Family Foundation Inc
- Assets
- $1.9m
- Revenue
- $98.4k
- Investments
- $1.6m
- Employees
- 0
- Location
- Wayzata, MN
- Founding
- 08/2006
- Data as of
- 12/2023
- EIN
- 20-2898462
Organization Overview
Andersen Family Foundation Inc is located in Wayzata, MN. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Andersen Family 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 12/2023, Andersen Family Foundation Inc generated $98.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.1%) each year. All expenses for the organization totaled $157.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Andersen Family Foundation Inc has awarded 110 individual grants totaling $874,762. 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 |
|---|---|---|---|
James Andersen Secretary/treasurer | 3 | $0 | |
Patricia Andersen President | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $45,222 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $53,209 |
| Capital Gain Net Income | $53,209 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $98,431 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,992 |
| Total operating and administrative expenses | $31,246 |
| Contributions, gifts, grants paid | $125,952 |
| Total expenses and disbursements | $157,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,172 |
| 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 | $260,676 |
| Total assets | $1,854,555 |
| 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, Andersen Family Foundation Inc has awarded $125,952 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BIGHORN GOLF CLUB CHARITIES PURPOSE: GENERAL OPERATING FUND | $24,752 |
CROHN'S & COLITIS FOUNDATION PURPOSE: GENERAL OPERATING FUND | $1,500 |
EISENHOWER MEDICAL CENTER PURPOSE: GENERAL OPERATING FUND | $50,000 |
ACHIEVING CURES TOGETHER PURPOSE: GENERAL OPERATING FUND | $1,000 |
THE BASILICA LANDMARK PURPOSE: GENERAL OPERATING FUND | $1,000 |
CATHOLIC COMMUNITY FOUNDATION PURPOSE: GENERAL OPERATING FUND | $5,000 |