Anchor Foundation Inc
- Assets
- $974.2k
- Revenue
- -$107.4k
- Investments
- $958.5k
- Employees
- 0
- Location
- Fort Lauderdale, FL
- Founding
- 02/2003
- Data as of
- 12/2022
- EIN
- 71-0929809
Organization Overview
Anchor Foundation Inc is located in Fort Lauderdale, FL. The organization was established in 2003. 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. Anchor 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.
Since 2019, Anchor Foundation Inc has awarded 16 individual grants totaling $145,000. 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 |
|---|---|---|---|
Douglas J Timmerman VP & Treasurer | 5 | $18,000 | |
Mark D Timmerman President & Secretary | 5 | $18,000 | |
Jennifer Timmerman Member | 5 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $64 |
| Dividends & Interest | $53,257 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$160,710 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$107,389 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $762 |
| Depreciation | $125 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,005 |
| Total operating and administrative expenses | $54,992 |
| Contributions, gifts, grants paid | $35,000 |
| Total expenses and disbursements | $89,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,022 |
| Savings and temporary cash investments | $3,654 |
| 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 | $974,212 |
| 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, Anchor Foundation Inc has awarded $35,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
EDGEWOOD HIGH SCHOOL PURPOSE: PROGRAM SUPPORT | $15,000 |
ATTIC ANGEL PLACE - MEMORY CARE GIFTING PROGRAM PURPOSE: PROGRAM SUPPORT | $10,000 |
HUMOROLOGY INC PURPOSE: PROGRAM SUPPORT | $5,000 |
LUTHERAN SOCIAL SERVICES PURPOSE: PROGRAM SUPPORT | $5,000 |