L & N Andreas Foundation
- Assets
- $32.7m
- Revenue
- $2.0m
- Investments
- $31.7m
- Employees
- 0
- Location
- Mankato, MN
- Founding
- 10/1985
- Data as of
- 11/2023
- EIN
- 36-3382956
Organization Overview
L & N Andreas Foundation is located in Mankato, MN. The organization was established in 1985. 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. L & N Andreas 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 11/2023, L & N Andreas Foundation generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $2.5m during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, L & N Andreas Foundation has awarded 1,224 individual grants totaling $23,169,070. 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 |
|---|---|---|---|
Andreas Lee President & Secretary | 0 | $0 | |
Jacob Andreas Vice President, Treasurer | 0 | $0 | |
Cayman Campbell Trustee | 0 | $0 | |
Jason Lee Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $70,014 |
| Dividends & Interest | $1,139,445 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $756,998 |
| Capital Gain Net Income | $756,998 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,966,457 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26,118 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $87,453 |
| Total operating and administrative expenses | $113,571 |
| Contributions, gifts, grants paid | $2,410,500 |
| Total expenses and disbursements | $2,524,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,018 |
| Savings and temporary cash investments | $989,560 |
| 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 | $32,695,350 |
| 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 | $8,458 |
| Total liabilities | $8,458 |
Grants Awarded
Over the last fiscal year, L & N Andreas Foundation has awarded $2,410,500 in support to 144 organizations.
| Grant Recipient | Amount |
|---|---|
ADOLPH AND ROSE LEVIS JEWISH COMM CENTER PURPOSE: GRANT IS FOR RECIPIENTS ZALE'S COMMUNITY GARDEN | $7,000 |
AH OF MONROE COUNTY INC PURPOSE: GRANT IS FOR RECIPIENTS GENERAL FUND | $1,000 |
ADOPTTOGETHEROG PURPOSE: GRANT IS FOR RECIPIENTS GENERAL FUND | $15,000 |
AM CIVIL LIBERTIES UNION OF MN FNDT PURPOSE: GRANT IS FOR RECIPIENTS GENERAL FUND | $20,000 |
ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FOUNDATION PURPOSE: GRANT IS FOR RECIPIENTS HEROS AMONG US FUND | $5,000 |
AMERICAN RED CROSS PURPOSE: GRANT IS FOR RECIPIENTS GENERAL FUND | $10,000 |