Andersen Corporate Foundation
- Assets
- $49.9m
- Revenue
- -$167.8k
- Investments
- $49.8m
- Employees
- 0
- Location
- Bayport, MN
- Founding
- 03/1944
- Data as of
- 11/2023
- 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.
Since 2020, Andersen Corporate Foundation has awarded 606 individual grants totaling $11,414,500. 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 |
|---|---|---|---|
Name Not Listed President | 1 | $0 | |
Name Not Listed Vp/ Secretary | 1 | $0 | |
Name Not Listed Treasurer | 1 | $0 | |
Name Not Listed Director | 1 | $0 | |
Name Not Listed Director | 1 | $0 | |
Name Not Listed Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Russell Investments | 11/29/23 | $202,992 |
Sri Inc | 11/29/23 | $113,050 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $296 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,752,571 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,084,495 |
| Total Revenue | -$167,780 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $52,053 |
| Taxes | $52,589 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,527 |
| Total operating and administrative expenses | $472,366 |
| Contributions, gifts, grants paid | $2,490,000 |
| Total expenses and disbursements | $2,962,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,131 |
| Savings and temporary cash investments | $0 |
| 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 | $49,846,397 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $49,898,528 |
| 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, Andersen Corporate Foundation has awarded $3,890,000 in support to 166 organizations.
| Grant Recipient | Amount |
|---|---|
180 DEGREES INC PURPOSE: 180 DEGREES: GENERAL OPERATING SUPPORT FOR TWIN CITIES METRO AREA SHELTER, TRANSITIONAL & SUPPORTIVE HOUSING, AND CASE MANAGEMENT SERVICES | $10,000 |
AIN DAH YUNG (OUR HOME) CENTER PURPOSE: AIN DAH YUNG CENTER HOUSING ACCESS AND STABILITY FOR AMERICAN INDIAN YOUTH | $10,000 |
AEON PURPOSE: AEON: HOME MEANS EVERYTHING | $15,000 |
AVIVO PURPOSE: AVIVO VILLAGE | $20,000 |
BACK ON MY FEET PURPOSE: WORKFORCE DEVELOPMENT PROGRAM (AKA "NEXT STEPS") | $10,000 |
BRIDGE TO HOPE INC PURPOSE: THE BRIDGE TO HOPE, GENERAL OPERATION | $5,000 |