Sean Michael Anderson Foundation
- Assets
- $84.1k
- Revenue
- $25.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- 02/2013
- Data as of
- 12/2022
- EIN
- 37-1693560
Organization Overview
Sean Michael Anderson Foundation, operating under the name Sean Anderson Foundation, is located in Beverly Hills, CA. The organization was established in 2013. According to its NTEE Classification (T30) the organization is classified as: Public 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. Sean Anderson 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 12/2022, Sean Anderson Foundation generated $25.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (22.9%) each year. All expenses for the organization totaled $46.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (17.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Sean Anderson Foundation has awarded 13 individual grants totaling $251,133. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST IN THE EDUCATION, HEALTH, SAFETY, AND WELL-BEING OF DETROIT AREA SCHOOL-AGED CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATION TO WAYNE STATE UNIVERSITY OF $10,000 FOR ENDOWMENT FUNDS TO FURTHER IMPROVE EDUCATION.
DONATION TO YOUR MOM CARES RELATING TO CHILD HEALTH AND WEALTHFARE TOTALING $10,000
DONATION TO SOUTHEASTERN MICHIGAN HEALTH ASSOCIATION TOTALING $5,000
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tonya Corbitt Director | Trustee | 2 | $0 |
Michael Fair Director | Trustee | 2 | $0 |
Jeffrey Fratarcangeli Director | Trustee | 2 | $0 |
Rashon Massey Director | Trustee | 2 | $0 |
Sean Anderson Ceo/founder | Officer | 2 | $0 |
Myra Anderson President | Officer | 2 | $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 | $25,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,039 |
| 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 | $1,911 |
| All other expenses | $200 |
| Total functional expenses | $46,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,053 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $84,053 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $84,053 |
| Net assets with donor restrictions | $0 |
| 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 | $84,053 |
Grants Awarded
Over the last fiscal year, Sean Michael Anderson Foundation has awarded $25,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WAYNE STATE UNIVERSITY PURPOSE: TO SUPPORT EDUCATION, HEALTHY, SAFETY AND WELL-BEING OF DETRIOT AREA SCHOOL-AGED CHILDREN. | $10,000 |
CLARA LIONEL FOUNDATION PURPOSE: DONATION TO POPULATION EDUCATION TO TRAIN TEACHERS AND PRODUCE CURRICULUM MATERTIAL. | $5,000 |
LIGHTHOUSE FOUNDATION PURPOSE: LIGHTHOUSE WORKS DILIGENTLY TO KEEP PEOPLE IN THEIR HOMES AND MOVE INDIVIDUALS AND FAMILIES FROM DONATION TO KEEP PEOPLE OUT OF HOMELESSNESS AND INTO HOUSING AS QUICKLY AS POSSIBLE. | $10,000 |