Anchor House Foundation Inc
- Assets
- $4.7m
- Revenue
- $742.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Trenton, NJ
- Founding
- 07/1989
- Data as of
- 12/2021
- EIN
- 22-2898173
Organization Overview
Anchor House Foundation Inc is located in Trenton, NJ. The organization was established in 1989. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anchor House 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 12/2021, Anchor House Foundation Inc generated $742.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $660.9k during the year ending 12/2021. While expenses have increased by 0.2% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RAISE FUNDS FOR ANCHOR HOUSE, INC., A 501 (C) (3)
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CONDUCTS AN ANNUAL RUNDRAISING BICYCLE RIDE TO RAISE FUNDS FOR ANCHOR HOUSE, INC, A TEMPORARY SHELTER FOR YOUTH IN TRENTON, MERCER COUNTY, NJ APPROXIMATELY 200 PEOPLE PARTICIPATE IN THE RIDE ANNUALLY. EXPENSES INCLUDE THE EXPENSE OF THE RIDE AND CASH GRANTS TO ANCHOR HOUSE FOR GENERAL ORGANIZATION PURPOSES.
FOLLOWING THE DEATH OF A YOUNG BICYCLE RIDER DURING THE 1998 RIDE, THE CORY GOLIS SCHOLARSHIP FUND WAS ESTABLISHED. A COMMITTEE OF STAFF, PARENTS, AND RIDERS ADMINISTERS THE SCHOLARSHIP.
THE ORGANIZATION OWNS TWO ADJACENT BUILINGS. EXPENSES INCLUDE DEPRECIATION AND MAINTENANCE. PART OF THE SPACE IS RENTED TO ANCHOR HOUSE INC. THE SHELTER.
MCCUNE SCHOLARSHIP AND CSAPO FUND GRANTS
THE ORGANIZATION CONDUCTS AN ANNUAL RUNDRAISING BICYCLE RIDE TO RAISE FUNDS FOR ANCHOR HOUSE, INC, A TEMPORARY SHELTER FOR YOUTH IN TRENTON, MERCER COUNTY, NJ APPROXIMATELY 200 PEOPLE PARTICIPATE IN THE RIDE ANNUALLY. EXPENSES INCLUDE THE EXPENSE OF THE RIDE AND CASH GRANTS TO ANCHOR HOUSE FOR GENERAL ORGANIZATION PURPOSES.
FOLLOWING THE DEATH OF A YOUNG BICYCLE RIDER DURING THE 1998 RIDE, THE CORY GOLIS SCHOLARSHIP FUND WAS ESTABLISHED. A COMMITTEE OF STAFF, PARENTS, AND RIDERS ADMINISTERS THE SCHOLARSHIP.
THE ORGANIZATION OWNS TWO ADJACENT BUILINGS. EXPENSES INCLUDE DEPRECIATION AND MAINTENANCE. PART OF THE SPACE IS RENTED TO ANCHOR HOUSE INC. THE SHELTER.
MCCUNE SCHOLARSHIP AND CSAPO FUND GRANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Drulis Chief Operating Officer | Officer | 40 | $73,820 |
Tim Quinn Treasurer | OfficerTrustee | 1 | $0 |
Thaddeus Mikulski President | OfficerTrustee | 10 | $0 |
Barbara Keener Secretary | OfficerTrustee | 1 | $0 |
Monica Stockman Board Member | Trustee | 1 | $0 |
Judy Hutton Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $496,646 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $496,646 |
| Total Program Service Revenue | $48,000 |
| Investment income | $112,483 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $85,401 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $742,530 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $440,000 |
| Grants and other assistance to domestic individuals. | $16,734 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $92,166 |
| Compensation of current officers, directors, key employees. | $9,327 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,773 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,490 |
| Fees for services: Other | $1,404 |
| Advertising and promotion | $0 |
| Office expenses | $19,762 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,071 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $660,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,201 |
| Savings and temporary cash investments | $763,962 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $286,416 |
| Investments—publicly traded securities | $3,618,855 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,671,434 |
| Accounts payable and accrued expenses | $16,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,000 |
| Net assets without donor restrictions | $4,220,674 |
| Net assets with donor restrictions | $434,760 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,671,434 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Anchor House Foundation Inc has recieved totaling $57,505.
| Awarding Organization | Amount |
|---|---|
Princeton Area Community Foundation Inc Lawrenceville, NJ PURPOSE: to support the Anchor House Ride -- grant in honor | $51,000 |
Curtis W Mcgraw Foundation Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $2,500 |
Robert Wood Johnson Foundation Princeton, NJ PURPOSE: MATCHING GIFTS | $1,250 |
Robert Wood Johnson Foundation Princeton, NJ PURPOSE: MATCHING GIFTS | $1,000 |
Webster Bank Charitable Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $500 |
Robert Wood Johnson Foundation Princeton, NJ PURPOSE: MATCHING GIFTS | $375 |
Endowment Analysis
| Beg. Balance | $451,147 |
| Earnings | $44,800 |
| Net Contributions | $111 |
| Grants | $16,234 |
| Ending Balance | $479,824 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Independent Group Home Living Program Inc manorville, NY | $86,478,520 | $78,871,944 |
Springbrook Ny Inc Oneonta, NY | $70,518,641 | $82,992,594 |
Allied Health Care Services Clarks Summit, PA | $64,082,428 | $72,290,835 |
Aim Services Inc Saratoga Springs, NY | $21,912,420 | $65,638,335 |
Legacy Treatment Services Inc Hainesport, NJ | $58,670,523 | $58,315,039 |
Berkshire Farm Center And Services For Youth Canaan, NY | $71,666,899 | $71,278,594 |
Cds Monarch Inc Webster, NY | $48,021,600 | $52,074,503 |
Abbott House Irvington, NY | $21,964,456 | $48,325,456 |
Living Resources Corp Albany, NY | $27,600,860 | $48,007,513 |
Womens League Community Residences Inc Brooklyn, NY | $30,529,251 | $39,206,945 |
Aabr Inc College Point, NY | $36,084,962 | $33,000,685 |
Pathways Inc Corning, NY | $32,469,047 | $34,398,710 |