The@anderson Family Legacy Foundation
- Assets
- $884.9k
- Revenue
- $6.7k
- Investments
- $872.7k
- Employees
- 0
- Location
- Crosslake, MN
- Founding
- 05/2007
- Data as of
- 12/2022
- EIN
- 20-8045955
Organization Overview
The@anderson Family Legacy Foundation is located in Crosslake, MN. The organization was established in 2007. 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. The@anderson Family Legacy 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, The@anderson Family Legacy Foundation generated $6.7k 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 (32.4%) each year. All expenses for the organization totaled $59.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, The@anderson Family Legacy Foundation has awarded 61 individual grants totaling $210,021. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James A Anderson Director & President | 2 | $0 | |
Eric S Anderson Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,310 |
| Interest on Savings | $0 |
| Dividends & Interest | $26,641 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$22,296 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,655 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,415 |
| Contributions, gifts, grants paid | $48,271 |
| Total expenses and disbursements | $59,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,260 |
| 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 | $884,936 |
| 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, The@anderson Family Legacy Foundation has awarded $48,271 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BRAINERD LAKES CHAMBER OF COMMERCE'S EDUCATION ASSOCIATION PURPOSE: A WORKFORCE DEVELOPMENT INITIATIVE THAT CONNECTS HIGH SCHOOL STUDENTS WITH THE BUSINESS COMMUNITY AND POST-SECONDARY EDUCATIONAL PARTNERSHIPS TO BE COLLEGE AND CAREER READY | $13,271 |
BRIDGES OF HOPE PURPOSE: CREATE PARTNERSHIPS TO HELP STRENGTHEN, STABILIZE, AND SUPORT FAMILIES | $5,000 |
COMMUNITY CARE N SHARE CAFE PURPOSE: HEALTH CARE | $2,000 |
INITIATIVE FOUNDATION PURPOSE: PROMOTE AND STRENGTHEN CENTRAL MINNESOTA | $2,000 |
LUTHERAN SOCIAL SERVICE OF MINNESOTA - CAMP KNUTSON PURPOSE: ACCEPTING AND NURTURING CAMP ENVIRONMENT FOR CHILDREN WITH SPECIAL NEEDS. | $10,000 |
SHARING BREAD SOUP KITCHEN PURPOSE: FOOD FOR FEEDING HUNGRY | $2,000 |