M J Anderson7 Foundation
- Assets
- $7.2m
- Revenue
- $1.6m
- Investments
- $6.6m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 02/2016
- Data as of
- 12/2023
- EIN
- 47-2146913
Organization Overview
M J Anderson7 Foundation is located in Wilmington, DE. The organization was established in 2016. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. M J Anderson7 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 12/2023, M J Anderson7 Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 39.4% each year . All expenses for the organization totaled $358.1k during the year ending 12/2023. While expenses have increased by 11.4% per year over the past 9 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 2017, M J Anderson7 Foundation has awarded 207 individual grants totaling $1,860,530. 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 |
|---|---|---|---|
Emma Sophia Anderson VP | 1 | $0 | |
Joshua Kendell Anderson VP | 1 | $0 | |
Marissa Elaine Anderson VP | 1 | $0 | |
Maya Isabel Anderson VP | 1 | $0 | |
Milton Anderson Pres, Dir, Sec, Treas | 5 | $0 | |
Nicholas Wilson Anderson VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $26,972 |
| Dividends & Interest | $222,288 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,393,770 |
| Capital Gain Net Income | $1,393,770 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,643,030 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,800 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,194 |
| Printing and publications | $0 |
| Other expenses | $30,588 |
| Total operating and administrative expenses | $53,582 |
| Contributions, gifts, grants paid | $304,550 |
| Total expenses and disbursements | $358,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $579,440 |
| 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 | $896,120 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,185,134 |
| 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, M J Anderson7 Foundation has awarded $304,550 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
A ROSS PURPOSE: HARDSHIP ASSISTANCE GRANT | $6,000 |
BRIGHAM YOUNG UNIVERSITY PURPOSE: GENERAL & UNRESTRICTED | $6,000 |
AMYOTROPHIC LATERAL SCLEROSIS ASSOCIATION PURPOSE: GENERAL & UNRESTRICTED | $250 |
BRIGHAM YOUNG UNIVERSITY-HAWAII PURPOSE: GENERAL & UNRESTRICTED | $6,000 |
CHARITYVISION INTERNATIONAL INC PURPOSE: GENERAL & UNRESTRICTED | $1,500 |
BRIGHAM YOUNG UNIVERSITY-IDAHO PURPOSE: GENERAL & UNRESTRICTED | $2,500 |