Hugh J Andersen Foundation
- Assets
- $216.6m
- Revenue
- $6.5m
- Investments
- $215.2m
- Employees
- 0
- Location
- Bayport, MN
- Founding
- 01/1964
- Data as of
- 02/2024
- EIN
- 41-6020914
Organization Overview
Hugh J Andersen Foundation is located in Bayport, MN. The organization was established in 1964. 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. Hugh J Andersen 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 02/2024, Hugh J Andersen Foundation generated $6.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $9.6m during the year ending 02/2024. While expenses have increased by 14.0% per year over the past 5 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 2019, Hugh J Andersen Foundation has awarded 1,326 individual grants totaling $33,998,707. 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 |
|---|---|---|---|
Sarah J Andersen President | 1 | $0 | |
William H Rubenstein Sec/ Treas | 1 | $0 | |
Ellen B Andersen Vice Pres | 1 | $0 | |
William W Rubenstein Director | 1 | $0 | |
Jordan C Copeland Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mercer Investments Management Inc | 2/28/24 | $56,650 |
Sri Inc | 2/28/24 | $770,491 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $34 |
| Dividends & Interest | $5,410,976 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,082,367 |
| Capital Gain Net Income | $1,082,367 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,493,377 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $147,236 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,021 |
| Printing and publications | $0 |
| Other expenses | $18,765 |
| Total operating and administrative expenses | $1,018,941 |
| Contributions, gifts, grants paid | $8,561,007 |
| Total expenses and disbursements | $9,579,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,406,430 |
| 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 | $216,570,952 |
| 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, Hugh J Andersen Foundation has awarded $8,561,007 in support to 274 organizations.
| Grant Recipient | Amount |
|---|---|
AEON PURPOSE: MARY HALL AFFORDABLE HOUSING DEVELOP | $60,000 |
ABC FOR RURAL HEALTH INC PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
AIN DAH YUNG (OUR HOME) CENTER PURPOSE: GENERAL OPERATING SUPPORT | $35,000 |
AMERICAN DIABETES ASSOCIATION PURPOSE: CAMP NEEDLEPOINT/DAYPOINT | $7,000 |
ANN BANCROFT FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
ARROWHEAD ECONOMIC OPP AGENCY INC PURPOSE: COOK COUNTY FOOD SHELF | $10,000 |