Morten Andersen Family Foundation Inc
- Assets
- $128.9k
- Revenue
- $148.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Buford, GA
- Founding
- 05/2010
- Data as of
- 11/2021
- EIN
- 27-1544616
Organization Overview
Morten Andersen Family Foundation Inc is located in Buford, GA. The organization was established in 2010. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morten 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 11/2021, Morten Andersen Family Foundation Inc generated $148.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $23.6k during the year ending 11/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Morten Andersen Family Foundation Inc has awarded 102 individual grants totaling $405,574. 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 |
|---|---|---|---|
Morten Andersen Presidentdirector | 16 | $9,000 | |
Jennifer Andersen Vice Presidentdirector | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,044 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $0 |
| Other Income | $135,873 |
| Total Revenue | $148,917 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,115 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,970 |
| Total operating and administrative expenses | $13,085 |
| Contributions, gifts, grants paid | $10,522 |
| Total expenses and disbursements | $23,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,510 |
| 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 | $3,418 |
| Total assets | $128,928 |
| 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 | $1,897 |
| Total liabilities | $1,897 |
Grants Awarded
Over the last fiscal year, Morten Andersen Family Foundation Inc has awarded $10,522 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
MUSCULAR DYSTROPHY ASSOCIATION PURPOSE: SUPPORTS MEDICALRESEARCH | $5,100 |
ALZHEIMERS FOUNDATION PURPOSE: MEDICAL RESEARCH | $1,100 |
East Lansing, MI PURPOSE: EDUCATIONALINSTITUTION | $1,000 |
WALTER CAMP FOOTBALL FOUNDATION PURPOSE: SUPPORTS WORTHYCHARITIES | $1,000 |
NFL ALUMNI ASSOCIATION PURPOSE: SERVICES FOR FORMERNFL PLAYERS | $515 |
BUFORD HIGH SCHOOL PURPOSE: EDUCATIONALINSTITUTION | $500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Morten Andersen Family Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Steve Urvan Foundation For Philanthropic Pursuits Inc Kennesaw, GA PURPOSE: GENERAL CONTRIBUTION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Triangle Aquatic Center Cary, NC | $23,604,525 | $5,716,572 |
Hilton Head Island Recreation Association Hilton Head Island, SC | $3,802,830 | $3,781,142 |
Newtown Recreation Inc Alpharetta, GA | $134,249 | $1,016,888 |
Florida Recreation And Park Association Inc Tallahassee, FL | $1,274,371 | $1,163,180 |
Emerald Coast Fitness Foundation Fort Walton Beach, FL | $117,412 | $758,974 |
Georgia Recreation And Park Association Inc Conyers, GA | $880,188 | $570,815 |
Zap Fitness Foundation Inc Blowing Rock, NC | $293,616 | $620,948 |
Streethopetn Powell, TN | $3,530,882 | $1,642,282 |
Girl Power For Good Foundation Inc Valparaiso, FL | $1,749,186 | $1,119,678 |
Rhea County Community Center Dayton, TN | $104,880 | $427,032 |
Standing Boy Inc Columbus, GA | $152,043 | $525,287 |
Redemptive Cycles Services Inc Birmingham, AL | $203,820 | $485,618 |