Agape Foundation
- Assets
- $1.3m
- Revenue
- $44.9k
- Investments
- $1.2m
- Employees
- 0
- Location
- Maple Grove, MN
- Founding
- 12/1999
- Data as of
- 12/2022
- EIN
- 41-1954468
Organization Overview
Agape Foundation is located in Maple Grove, MN. The organization was established in 1999. 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. Agape 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, Agape Foundation generated $44.9k 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 (16.7%) each year. All expenses for the organization totaled $81.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Agape Foundation has awarded 248 individual grants totaling $361,050. 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 |
|---|---|---|---|
Mary H Anderson President/dir | 0.25 | $0 | |
H Charles Anderson Vice-Pres/dir | 0.25 | $0 | |
Christine M Olson Sec-Treas/dir | 0.25 | $0 | |
Scott G Anderson Director | 0.25 | $0 | |
Eric C Anderson Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $90,000 |
| Interest on Savings | $17 |
| Dividends & Interest | $27,814 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$72,949 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $44,882 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $447 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,506 |
| Contributions, gifts, grants paid | $72,000 |
| Total expenses and disbursements | $81,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,571 |
| 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 | $1,107,289 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3 |
| Total assets | $1,255,198 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Agape Foundation has awarded $72,000 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
WOMENSOURCE PURPOSE: HELPING WOMEN FACING CRISIS PREGNANCY | $4,000 |
UNION GOSPEL MISSION PURPOSE: FOR SCHOLARSHIPS | $2,000 |
FOCUS ON THE FAMILY PURPOSE: ASSISTANCE TO SUPPORT FAMILY VALUES | $2,000 |
FEED MY STARVING CHILDREN PURPOSE: INTERNATIONAL HUNGER RELIEF | $3,000 |
RELEVANT RADIO PURPOSE: SUPPORT CHRISTIAN RADIO | $3,000 |
NEW LIFE FAMILY SERVICES PURPOSE: MEDICAL ASSISTANCE | $1,000 |