Ancor Foundation Inc
- Assets
- $356.0k
- Revenue
- $109.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 08/2000
- Data as of
- 12/2023
- EIN
- 54-1978656
Organization Overview
Ancor Foundation Inc is located in Alexandria, VA. The organization was established in 2000. 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. Ancor Foundation Inc 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, Ancor Foundation Inc generated $109.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $130.9k during the year ending 12/2023. While expenses have increased by 23.7% per year over the past 8 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
THE ANCOR FOUNDATION MISSION IS TO RECOGNIZE CURRENT AND PAST LEADERS AND TO DEVELOP FUTURE LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HONORING OUR LEADERS: IN 2023, THE ANCOR FOUNDATION OFFERED TWO SIGNATURE AWARDS PROGRAMS, BOTH OF WHICH ARE DESIGNED TO CELEBRATE THE LEADERS COMMITTED TO TRULY INCLUSIVE COMMUNITIES. THREE NEW LEADERS WERE INDUCTED INTO THE FOUNDATION'S LEGACY LEADERS CIRCLE IN 2023, WHICH RECOGNIZES AND CELEBRATES THE ACCOMPLISHMENTS OF LONG-TIME ANCOR MEMBERS WHO HAVE MADE SIGNIFICANT CONTRIBUTIONS TO THE ASSOCIATION DURING THEIR TENURE AS A MEMBER. THE FOUNDATION ALSO RECOGNIZED THE RECIPIENT OF THE 2023 COMMUNITY BUILDER AWARD, WHICH HONORS THE COMMUNITY PARTNER THAT, ALTHOUGH NOT A DIRECT SERVICE PROVIDER, HAS BEEN AN ALLY TO PROVIDERS IN THEIR COMMUNITIES IN THEIR QUEST TO SUPPORT PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES TO LIVE A LIFE OF THEIR CHOOSING. NOTE: UP UNTIL 2023, THE LEGACY LEADER WAS A RESTRICTED FUND USED TO SUPPORT LEADERSHIP DEVELOPMENT INITIATIVES, LIKE THE LEADERSHIP ACADEMY. BEGINNING IN 2024, THE LEADERSHIP ACADEMY AND OTHER LEADERSHIP DEVELOPMENT OFFERINGS WILL BE FUNDED THROUGH THE FOUNDATION'S NORMAL OPERATING BUDGET.
BUILDING NEXT-GENERATION LEADERS: THE ANCOR FOUNDATION'S LEADERSHIP INITIATIVES ARE FOCUSED ON DEVELOPING THE NEXT GENERATION OF I/DD PROFESSIONALS. IN 2023, THE FOUNDATION WELCOMED THE LEADERSHIP ACADEMY CLASS OF 2025, THE NEWEST COHORT IN THIS TWO-YEAR LEADERSHIP SKILLS DEVELOPMENT INITIATIVE THAT OFFERS PARTICIPANTS A 360-DEGREE VIEW OF WHAT IT TAKES TO LEAD A PROVIDER ORGANIZATION. THE FOUNDATION ALSO HOSTED ITS ANNUAL RENEE L. PIETRANGELO LEADERSHIP FORUM IN CONJUNCTION WITH THE 2023 ANCOR ANNUAL CONFERENCE IN CHICAGO, AND IT CONTINUED IT'S LONG-STANDING SPONSORSHIP OF TWO LEADERSHIP INSTITUTES HOSTED BY THE NATIONAL LEADERSHIP CONSORTIUM ON DEVELOPMENTAL DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rita Wiersma President | OfficerTrustee | 1 | $0 |
Marian Baldini Vice President (from Jan 2023) | OfficerTrustee | 1 | $0 |
Doug Golub Treasurer | OfficerTrustee | 1 | $0 |
Cheryl Plank Secretary (from Jan 2023) | OfficerTrustee | 1 | $0 |
Gene Boes Director | Trustee | 1 | $0 |
Amy Brooks Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,480 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,831 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,311 |
| Total Program Service Revenue | $42,438 |
| Investment income | $57 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $109,806 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $12,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $26,630 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,400 |
| Advertising and promotion | $0 |
| Office expenses | $7,046 |
| Information technology | $1,035 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $704 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,214 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,675 |
| Total functional expenses | $130,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,619 |
| Savings and temporary cash investments | $298,321 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,035 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $355,975 |
| Accounts payable and accrued expenses | $18,504 |
| Grants payable | $0 |
| Deferred revenue | $25,392 |
| 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 | $43,896 |
| Net assets without donor restrictions | $299,064 |
| Net assets with donor restrictions | $13,015 |
| 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 | $355,975 |