The Andrews Foundation
- Assets
- $7.8m
- Revenue
- $2.1m
- Investments
- $7.7m
- Employees
- 0
- Location
- Beachwood, OH
- Founding
- 11/1952
- Data as of
- 12/2023
- EIN
- 34-6515110
Organization Overview
The Andrews Foundation is located in Beachwood, OH. The organization was established in 1952. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Andrews 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 12/2023, Andrews Foundation generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 24.3% each year . All expenses for the organization totaled $379.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Andrews Foundation has awarded 222 individual grants totaling $3,214,900. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO SUPPORT THE EXEMPT PURPOSE OF VARIOUS PUBLIC CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Baxter-Heuer President & Trustee | 40 | $115,000 | |
Michael A Heuer Vice President & Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $684 |
| Dividends & Interest | $161,754 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,934,054 |
| Capital Gain Net Income | $1,934,054 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $35,125 |
| Total Revenue | $2,131,617 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $115,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $10,250 |
| Interest | $0 |
| Taxes | $13,754 |
| Depreciation | $0 |
| Occupancy | $11,037 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,756 |
| Total operating and administrative expenses | $210,324 |
| Contributions, gifts, grants paid | $169,200 |
| Total expenses and disbursements | $379,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,890 |
| Savings and temporary cash investments | $39,147 |
| 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 | $7,698,405 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,777,442 |
| 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 | $109 |
| Total liabilities | $109 |
Grants Awarded
Over the last fiscal year, The Andrews Foundation has awarded $169,200 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
BUILDING HOPE IN THE CITY PURPOSE: GENERAL SUPPORT | $10,000 |
DDC CLINIC PURPOSE: GENERAL SUPPORT | $10,000 |
FIELDSTONE FARM PURPOSE: GENERAL SUPPORT | $15,000 |
HFLA OF NORTHEAST OHIO PURPOSE: GENERAL SUPPORT | $5,000 |
GEAUGA HUMANE SOCIETY RESCUE VILLAGE PURPOSE: GENERAL SUPPORT | $5,000 |
GREATER CLEVELAND VOLUNTEERS PURPOSE: GENERAL SUPPORT | $5,000 |