Annandale Foundation Inc
- Assets
- $13.4m
- Revenue
- $128.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Suwanee, GA
- Founding
- 01/2011
- Data as of
- 06/2021
- EIN
- 27-3444167
Organization Overview
Annandale Foundation Inc is located in Suwanee, GA. The organization was established in 2011. According to its NTEE Classification (G11) the organization is classified as: Single Organization Support, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Annandale 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 06/2021, Annandale Foundation Inc generated $128.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $386.6k during the year ending 06/2021. 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
SEE SCHEDULE O.THE ANNANDALE FOUNDATION, INC'S MISSION IS TO PERPETUATE A VILLAGE COMMUNITY TO PROVIDE PROGRESSIVE LIFE ASSISTANCE TO ADULTS WITH DEVELOPMENTAL DISABILITIES OR TRAUMATIC BRAIN INJURY SO THAT THEY CAN MAXIMIZE THEIR ABILITIES AND MAINTAIN THEIR INDEPENDENCE IN THE LEAST RESTRICTIVE ENVIRONMENT. ASSISTANCE IS PROVIDED TO ADULTS WITH DISABILITIES INCLUDING AUTISM, ASPERGER SYNDROME, DOWN SYNDROME AND FRAGILE X SYNDROME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS FROM THE FOUNDATION ARE EXCLUSIVELY FOR THE SUPPORT OF ITS SUPPORTED ENTITY, ANNANDALE AT SUWANEE, INC. IT IS ANTICIPATED THAT THESE FUNDS WILL BE USED PRIMARILY AT ANNANDALE FOR ANNANDALE'S FEE ASSISTANCE PROGRAM. THIS PROGRAM ASSISTS CERTAIN FINANCIALLY DISADVANTAGED RESIDENTS OF ANNANDALE BY ALLOWING FOR ANNANDALE TO CHARGE LOWER FEES TO THOSE PERSONS. THUS, IN A SENSE THE USE OF THE FUNDS IS ULTIMATELY RESTRICTED TO CERTAIN INDIVIDUALS, THOSE RESIDENTS AT ANNANDALE WHO ARE FIANCIALLY DISADVANTAGED AND WHO ARE SELECTED FOR THE ANNANDALE FEE ASSISTANCE PROGRAM BASED ON THEIR FINANCIAL NEED.
FUNDS ARE GIVEN TO ANNANDALE AT SUWANEE, INC. TO SUPPORT EMPLOYEES IN TIMES OF UNEXPECTED FINANCIAL HARDSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Benfield Vice-Chair | OfficerTrustee | 0.5 | $0 |
Tyler Heard Treasurer | OfficerTrustee | 0.5 | $0 |
Charles A Lotz Emeritus | OfficerTrustee | 0.5 | $0 |
Susan Molock Chair | OfficerTrustee | 0.5 | $0 |
Laura Macpherson CFO | Officer | 2.5 | $0 |
Adam Pomeranz President/executive Director | Officer | 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 | $180 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $180 |
| Total Program Service Revenue | $0 |
| Investment income | $125,933 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,469 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $128,582 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $323,885 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $55,003 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Insurance | $5,612 |
| All other expenses | $64 |
| Total functional expenses | $386,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,638,900 |
| 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 | $0 |
| Investments—publicly traded securities | $11,745,741 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,384,641 |
| Accounts payable and accrued expenses | $228,635 |
| 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 | $228,635 |
| Net assets without donor restrictions | $8,726,363 |
| Net assets with donor restrictions | $4,429,643 |
| 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 | $13,384,641 |
Grants Awarded
Over the last fiscal year, Annandale Foundation Inc has awarded $323,885 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Suwanee, GA PURPOSE: OPERATING ASSISTANCE | $314,082 |
Suwanee, GA PURPOSE: EMPLOYEE ASSISTANCE PROGRAM | $9,803 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Annandale Foundation Inc has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Around The Table Foundation Wilmington, DE PURPOSE: CHARITABLE EVENT | $1,500 |
Endowment Analysis
| Beg. Balance | $3,879,756 |
| Earnings | $711,805 |
| Other Expense | $285,912 |
| Ending Balance | $4,305,649 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
H Lee Moffitt Cancer Center And Research Institute Foundation Inc Tampa, FL | $188,563,792 | $23,012,513 |
Dont Ever Give Up Inc Cary, NC | $15,801,113 | $21,347,428 |
Thompson Cancer Survival Foundation Knoxville, TN | $13,217,499 | $588,264 |
The Bell Center For Early Intervention Programs Birmingham, AL | $13,312,227 | $1,644,964 |
Hospice Of Marshall County Foundation Inc Albertville, AL | $866,359 | $1,351,834 |
Interfaith Dental Supporting Foundation Nashville, TN | $6,997,857 | $311,030 |
American Otological Societyresearch Foundation St Petersburg, FL | $13,191,978 | $919,211 |
Apfed Atlanta, GA | $651,819 | $642,748 |
Ucp Healthy West Orange Inc Orlando, FL | $10,767,937 | $153,098 |
Annandale Foundation Inc Suwanee, GA | $13,384,641 | $128,582 |
Sanford F And Gabrielle T Kuvin Foundation North Palm Beach, FL | $1,954,807 | $54,143 |
The Redbone Inc Islamorada, FL | $328,639 | $317,067 |