Anchor Fund
- Assets
- $304.8k
- Revenue
- $280.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 12/2014
- Data as of
- 12/2023
- EIN
- 47-2266941
Organization Overview
Anchor Fund is located in Washington, DC. The organization was established in 2014. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anchor Fund 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, Anchor Fund generated $280.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $214.6k during the year ending 12/2023. While expenses have increased by 16.5% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FINANCIALLY SUPPORT SURVIVORS OF DOMESTIC ABUSE AND SEXUAL VIOLENCE IN WASHINGTON D.C.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SURVIVOR SUPPORTIN 2023, THE ANCHOR FUND RAISED $288,491, VERSUS A BUDGETED AMOUNT OF $250,000. THE ORGANIZATION EXCEEDED ITS BUDGETED REVENUE BY ABOUT $38,000 PRIMARILY DUE TO AN UNEXPECTED SECOND CONTRIBUTION FROM A NEW BOARD MEMBER. THIS DONATION WAS RECEIVED YEAR END, AND THEREFORE COULDN'T BE RELIED UPON FOR DISTRIBUTION THROUGHOUT THE YEAR. IN 2023, THE ORGANIZATION DISTRIBUTED $210,418 AND APPROVED 336 REQUESTS FROM SURVIVORS. THE EXPENSE BASE AT THE ANCHOR FUND IS PREDICTABLE AND MANAGED AGGRESSIVELY TO PRESERVE FUNDS FOR SURVIVOR SUPPORT. TOTAL OPERATING EXPENSES WERE UNDER $6,000 IN 2023. AS MENTIONED PREVIOUSLY, THE EXECUTIVE DIRECTOR OF THE ORGANIZATION HAS CHOSEN TO FOREGO HER SALARY TO INCREASE THE FUNDS AVAILABLE FOR DISTRIBUTION TO SURVIVORS. THE ANCHOR FUND'S OPERATIONS ARE CONDUCTED REMOTELY, ENABLING THE ORGANIZATION TO AVOID RENTAL PAYMENTS. AT THE ANCHOR FUND, TOTAL EXPENSES TYPICALLY REPRESENT LESS THAN 10% OF DONATIONS. THE ORGANIZATION IS THRILLED THAT 90% OR MORE OF OUR DONATION DOLLARS GO STRAIGHT TO HELP SURVIVORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Goldberg President/executive Director | OfficerTrustee | 20 | $0 |
Stacey Lubar VP Of Development | OfficerTrustee | 2 | $0 |
Lisa Gunty Treasurer | OfficerTrustee | 1 | $0 |
Carrington Tarr Secretary | OfficerTrustee | 1 | $0 |
Kim Engel-Haber Director | Trustee | 1 | $0 |
Chip Lunde Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $288,310 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $288,310 |
| Total Program Service Revenue | $0 |
| Investment income | $1,011 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$9,315 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $280,006 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $208,234 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $218 |
| Fees for services: Other | $42 |
| Advertising and promotion | $762 |
| Office expenses | $187 |
| Information technology | $167 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $332 |
| All other expenses | $0 |
| Total functional expenses | $214,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,401 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $67,350 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $304,751 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $304,751 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $304,751 |