Andersen Corporate Foundation
- Assets
- $0.0
- Revenue
- $11.6m
- Investments
- $41.8m
- Employees
- 0
- Location
- Bayport, MN
- Founding
- 03/1944
- Data as of
- 11/2020
- EIN
- 41-6020912
Organization Overview
Andersen Corporate Foundation is located in Bayport, MN. The organization was established in 1944. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Andersen Corporate 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 11/2020, Andersen Corporate Foundation generated $11.6m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 29.6% each year . All expenses for the organization totaled $2.8m during the year ending 11/2020. While expenses have increased by 1.7% per year over the past 3 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 2020, Andersen Corporate Foundation has awarded 278 individual grants totaling $4,719,500. 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 |
|---|---|---|---|
Phil Donaldson Director | 1 | $0 | |
Chris Galvin Treasurer | 1 | $0 | |
Jay Lund Director | 1 | $0 | |
Karen Richard President | 1 | $0 | |
Jeanne Junker Director | 1 | $0 | |
Eliza Chlebeck Vp/secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Russell Investments | 11/29/21 | $234,315 |
Sri Inc | 11/29/21 | $110,975 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $400,000 |
| Interest on Savings | $2,419 |
| Dividends & Interest | $504,368 |
| Profit on Inventory Sales | $0 |
| Other Income | $869,018 |
| Total Revenue | $11,597,422 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $50 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $453,952 |
| Contributions, gifts, grants paid | $2,357,500 |
| Total expenses and disbursements | $2,811,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,391 |
| Investments—mortgage loans | $0 |
| Investments—other | $41,775,165 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Andersen Corporate Foundation has awarded $2,362,000 in support to 132 organizations.
| Grant Recipient | Amount |
|---|---|
TWIN CITIES HABITAT FOR HUMANITY INC PURPOSE: MULTIPLYING THE IMPACT CAMPAIGN | $200,000 |
St Paul, MN PURPOSE: KITTY ANDERSEN YOUTH SCIENCE CENTER (KAYSC) | $60,000 |
St Paul, MN PURPOSE: GIRL SCOUTS LEADERSHIP EXPERIENCE | $50,000 |
REGIONS HOSPITAL FOUNDATION PURPOSE: REGIONS RESPONDS FIRST CAMPAIGN | $50,000 |
YOUNG MENS CHRISTIAN ASSOCIATION OF GREATER TWIN CITIES PURPOSE: MAKING CAMPING, FITNESS, AND LEADERSHIP EXPERIENCES ACCESSIBLE TO YOUTH, FAMILIES, AND SENIORS | $50,000 |
BOY SCOUTS OF AMERICA NATIONAL COUNCIL PURPOSE: GENERAL OPERATION SUPPORT FOR SCOUTING PROGRAMMING | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Highlands Foundation Inc Madison, WI | $16,807,622 | $1,089,528 |
Rockwell Automation Charitable Corporation Milwaukee, WI | $6,137,007 | $10,007,891 |
The Green Fern Foundation Minneapolis, MN | $108,921,285 | $8,489,620 |
Andersen Corporate Foundation Bayport, MN | $0 | $11,597,422 |
Telligen Community Initiative West Des Moines, IA | $44,005,034 | $3,901,747 |
Wisconsin Public Service Foundation Inc Green Bay, WI | $36,455,212 | $2,413,868 |
Stepping Stones Of Dunn County Inc Menomonie, WI | $1,791,074 | $2,010,388 |
Remick Family Foundation Rochester, MN | $37,696,720 | $873,083 |
Tischer Creek Duluth Buildingcompany Duluth, MN | $17,330,550 | $1,688,178 |
Cla Foundation Minneapolis, MN | $886,971 | $1,572,520 |
Veridian Foundation Inc Madison, WI | $20,197 | $1,208,500 |
Adient Foundation Inc Milwaukee, WI | $24,102,147 | $1,188,261 |