Andreas Foundation
- Assets
- $70.4m
- Revenue
- $4.3m
- Investments
- $60.1m
- Employees
- 0
- Location
- Mankato, MN
- Founding
- 04/1949
- Data as of
- 11/2023
- 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 11/2023, Andreas Foundation generated $4.3m 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 (4.2%) each year. All expenses for the organization totaled $4.7m during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Andreas Foundation has awarded 1,427 individual grants totaling $64,026,799. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Andreas Prs/trstee | 0 | $0 | |
Dean Wuebker Secretary | 0 | $0 | |
Sally Andreas Trsr/trustee | 0 | $0 | |
Sandra Mcmurtrie Vp/trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $180,992 |
| Dividends & Interest | $2,707,548 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,389,510 |
| Capital Gain Net Income | $1,389,510 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,278,050 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $59,453 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $864 |
| Total operating and administrative expenses | $60,317 |
| Contributions, gifts, grants paid | $4,624,860 |
| Total expenses and disbursements | $4,685,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $412,747 |
| Savings and temporary cash investments | $9,962,655 |
| 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 | $178,252 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $70,447,321 |
| 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 | $3,733 |
| Total liabilities | $3,733 |
Grants Awarded
Over the last fiscal year, Andreas Foundation has awarded $4,624,860 in support to 158 organizations.
| Grant Recipient | Amount |
|---|---|
ABC COUNSELING & FAMILY INC PURPOSE: GRANT IS FOR RECIPIENTS GENERAL FUND | $500 |
AHS MIDWEST MANAGEMENT INC PURPOSE: GRANT IS FOR RECIPIENTS GENERAL FUND | $1,000 |
ALZHEIMERS ASSOCIATION PURPOSE: GRANT IS FOR RECIPIENTS GENERAL FUND | $1,000 |
ALZHEIMERS FOUNDATION OF AMERICA INC PURPOSE: GRANT IS FOR RECIPIENTS GENERAL FUND | $400 |
AMERICAN HEART ASSOCIATION PURPOSE: GRANT IS FOR RECIPIENTS GENERAL FUND | $2,000 |
AMERICAN RED CROSS PURPOSE: GRANT IS FOR RECIPIENTS GENERAL FUND | $10,000 |