James M Anderson-Innomed Foundation Inc
- Assets
- $297.5k
- Revenue
- $7.0
- Investments
- $193.8k
- Employees
- 0
- Location
- Savannah, GA
- Founding
- 03/2016
- Data as of
- 12/2022
- EIN
- 81-0737737
Organization Overview
James M Anderson-Innomed Foundation Inc is located in Savannah, GA. The organization was established in 2016. 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. James M Anderson-Innomed 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 12/2022, James M Anderson-Innomed Foundation Inc generated $7.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (67.0%) each year.
Since 2017, James M Anderson-Innomed Foundation Inc has awarded 17 individual grants totaling $139,400. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO QUALIFYING CHARITIES AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS APPROVED BY THE BOARD OF DIRECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James M Anderson President | 0 | $0 | |
Edwin G Hill Director | 0 | $0 | |
Carole Cornett Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $143 |
| Dividends & Interest | $4,936 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,072 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $368 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,766 |
| Total operating and administrative expenses | $4,134 |
| Contributions, gifts, grants paid | $37,000 |
| Total expenses and disbursements | $41,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $103,765 |
| 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 | $297,547 |
| 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, James M Anderson-Innomed Foundation Inc has awarded $37,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ALL THINGS NEW PURPOSE: CHARITABLE | $10,000 |
OPERATION NEW LIFE PURPOSE: CHARITABLE | $1,000 |
DAVID'S COURAGE PURPOSE: CHARITABLE | $26,000 |