Andreas Foundation
- Assets
- $70.8m
- Revenue
- $28.4m
- Investments
- $61.6m
- Employees
- 0
- Location
- Mankato, MN
- Founding
- 04/1949
- Data as of
- 11/2022
- 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. 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 11/2022, Andreas Foundation generated $28.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.8% each year . All expenses for the organization totaled $12.1m during the year ending 11/2022. While expenses have increased by 11.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Andreas Foundation has awarded 1,435 individual grants totaling $69,947,701. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally Andreas Trsr/trustee | 0 | $0 | |
Sandra Mcmurtrie Vp/trustee | 0 | $0 | |
Dean Wuebker Secretary | 0 | $0 | |
Terry Andreas Prs/trstee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,087,215 |
| Interest on Savings | $74,216 |
| Dividends & Interest | $2,229,191 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,019,485 |
| Capital Gain Net Income | $20,019,485 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $28,410,107 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $310,280 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $611 |
| Total operating and administrative expenses | $310,891 |
| Contributions, gifts, grants paid | $11,762,215 |
| Total expenses and disbursements | $12,073,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,928 |
| Savings and temporary cash investments | $9,158,238 |
| 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 | $500,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $70,794,995 |
| 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 | -$55,720 |
| Total liabilities | -$55,720 |
Grants Awarded
Over the last fiscal year, Andreas Foundation has awarded $11,762,215 in support to 135 organizations.
| Grant Recipient | Amount |
|---|---|
Mankato, MN PURPOSE: SEE GENERAL EXPLANATION STMT | $6,087,215 |
OUR LADY OF MERCY PURPOSE: GRANT IS FOR RECIPIENTS MOTHER TERESA CHAPEL FUND | $500,000 |
Decatur, IL PURPOSE: GRANT IS FOR RECIPIENTS GENERAL FUND | $435,500 |
NAT'L SHRINE OF IMMACULATE CONCEPTION PURPOSE: GRANT IS FOR RECIPIENTS GENERAL FUND | $410,000 |
Beverly, MA PURPOSE: GRANT IS FOR RECIPIENTS GENERAL FUND | $405,000 |
CATHOLIC CHARITIES PURPOSE: GRANT IS FOR RECIPIENTS GENERAL FUND | $275,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Andreas Foundation has recieved totaling $6,173,815.
| Awarding Organization | Amount |
|---|---|
Andreas Foundation Mankato, MN PURPOSE: SEE GENERAL EXPLANATION STMT | $6,087,215 |
Columbus Citizens Foundation Inc New York, NY PURPOSE: SCHOLARSHIP | $86,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Manitou Fund White Bear Lake, MN | $1,003,593,689 | $40,882,622 |
Lynne & Andrew Redleaf Foundation Minneapolis, MN | $127,717,345 | $981,960 |
Northwest Area Foundation St Paul, MN | $512,755,007 | $38,144,816 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Medtronic Communities Foundation Minneapolis, MN | $54,271,830 | $230,239 |
General Mills Foundation Minneapolis, MN | $0 | -$304,053 |
J A Wedum Foundation Plymouth, MN | $141,295,178 | $28,441,684 |
Bader Philanthropies Inc Milwaukee, WI | $26,809,232 | $30,829,351 |
Kiewit Companies Foundation Milwaukee, WI | $1,050,332 | $23,001,672 |
Target Foundation Minneapolis, MN | $85,335,634 | $55,020,175 |
Wem Foundation Minneapolis, MN | $121,487,044 | $26,370,141 |