Andreas Foundation
- Assets
- $41.6m
- Revenue
- $1.8m
- Investments
- $40.0m
- Employees
- 0
- Location
- Mankato, MN
- Founding
- 04/1949
- Data as of
- 11/2020
- EIN
- 41-6017057
Organization Overview
Andreas Foundation is located in Mankato, MN. The organization was established in 1949. 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.
For the year ending 11/2020, Andreas Foundation generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (21.6%) each year. All expenses for the organization totaled $10.6m during the year ending 11/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Andreas Foundation has awarded 986 individual grants totaling $41,778,486. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Andreas Prs/trs/trstee | 0 | $0 | |
Dean Wuebker Secretary | 0 | $0 | |
Sandra Mcmurtrie Vp/trustee | 0 | $0 | |
Terry Andreas Vp/trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $26,323 |
| Dividends & Interest | $2,263,170 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$506,267 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,783,226 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,889 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $625 |
| Total operating and administrative expenses | $23,514 |
| Contributions, gifts, grants paid | $10,545,762 |
| Total expenses and disbursements | $10,569,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,197 |
| Savings and temporary cash investments | $1,538,647 |
| 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 | $41,592,906 |
| 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 | -$9,111 |
| Total liabilities | -$9,111 |
Grants Awarded
Over the last fiscal year, Andreas Foundation has awarded $10,545,762 in support to 166 organizations.
| Grant Recipient | Amount |
|---|---|
Beverly, MA PURPOSE: GRANT IS FOR RECIPIENTS GENERAL FUND | $4,905,000 |
NAT'L SHRINE OF IMMACULATE CONCEPTION PURPOSE: GRANT IS FOR RECIPIENTS GENERAL FUND | $308,000 |
CATHOLIC CHARITIES PURPOSE: GRANT IS FOR RECIPIENTS GENERAL FUND | $260,000 |
New York, NY PURPOSE: GRANT IS FOR RECIPIENTS GENERAL FUND | $250,000 |
NOTRE DAME UNIVERSITY PURPOSE: GRANT IS FOR RECIPIENTS GENERAL FUND | $200,000 |
Boca Raton, FL PURPOSE: GRANT IS FOR RECIPIENTS ANDREAS FAMILY ENDOWMENT FUND | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Richard M Schulze Family Foundation Minneapolis, MN | $248,694,629 | $165,153,269 |
Medtronic Communities Foundation Minneapolis, MN | $139,693,396 | $82,177,681 |
Northwest Area Foundation St Paul, MN | $476,449,216 | $15,069,261 |
Manitou Fund White Bear Lake, MN | $984,047,898 | $969,820,600 |
Richard O Jacobson Foundation Inc Des Moines, IA | $0 | $21,500,018 |
J A Wedum Foundation Minneapolis, MN | $132,054,818 | $56,321,347 |
Lunda Charitable Fund Inc Black River Falls, WI | $54,780,973 | $2,553,689 |
Target Foundation Minneapolis, MN | $17,816,807 | $22,990,908 |
Herbert H Kohl Charities Inc Milwaukee, WI | $0 | $4,457,488 |
3m Foundation St Paul, MN | $14,130,445 | $13,263,360 |
Joseph And Vera Zilber Charitable Foundation Inc Milwaukee, WI | $222,792,049 | $14,759,051 |
The Curtis L Carlson Family Foundation Long Lake, MN | $248,179,884 | $26,019,277 |