Anderson Family Foundation Inc
Anderson Family Foundation maintains substantial assets with no reported officer compensation, despite fluctuating revenues.
EIN: 202988084 · Plymouth, MN · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $114K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1.5 |
| Net Assets | $1.6M |
| Transparency Score | 85/100 |
Is Anderson Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Anderson Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Anderson Family Foundation Inc
Anderson Family Foundation Inc (EIN: 202988084) is a nonprofit organization based in Plymouth, MN, classified under NTEE code T20. The organization reported total revenue of $1.3M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Anderson Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Anderson Family Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 27.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $51K |
| Total Expenses | $114K |
| Surplus / Deficit | $-62,399 |
| Total Assets | $1.6M |
| Total Liabilities | $1 |
| Net Assets | $1.6M |
| Operating Margin | -121.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 167.0 months |
Financial Health Grade: B
In 2023, Anderson Family Foundation Inc reported a deficit of $62K with expenses exceeding revenue, holds 167.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Anderson Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 27.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.9% | +60.3% | -3.8% |
| 2022 | -96.5% | +292.8% | -14.0% |
| 2021 | +214593.8% | +1687.0% | +191415900.0% |
| 2020 | +2.7% | -49.4% | -99.1% |
| 2019 | -52.6% | +1.3% | -93.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Anderson Family Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Anderson Family Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $62K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officer salaries are paid, which is highly favorable for resource allocation and donor trust, especially for an organization with assets exceeding $1.5 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Anderson Family Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown in provided data makes full spending efficiency assessment difficult.
Strengths
The following positive indicators were identified for Anderson Family Foundation Inc:
- Consistent 0% officer compensation, indicating high efficiency in executive overhead.
- Minimal liabilities ($1 across all filings), demonstrating strong financial health and low risk.
- Substantial and stable asset base (over $1.5 million in recent years) provides long-term financial security.
- Strong balance sheet with assets significantly exceeding liabilities.
Frequently Asked Questions about Anderson Family Foundation Inc
Is Anderson Family Foundation Inc a legitimate charity?
Anderson Family Foundation Inc (EIN: 202988084) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.3M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Anderson Family Foundation Inc spend its money?
Anderson Family Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Anderson Family Foundation Inc tax-deductible?
Anderson Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202988084). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Anderson Family Foundation Inc CEO make?
Anderson Family Foundation Inc's highest-compensated officer earns $1.5 annually. The organization reported $1.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Anderson Family Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Anderson Family Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Anderson Family Foundation Inc located?
Anderson Family Foundation Inc is headquartered in Plymouth, Minnesota and files with the IRS under EIN 202988084. It is classified under NTEE code T20.
How many years of IRS 990 filings does Anderson Family Foundation Inc have?
Anderson Family Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.3M in total revenue.
What are the specific programs or grants funded by the Anderson Family Foundation?
The provided IRS 990 data does not detail specific programs or grants. Further investigation into their public disclosures or website would be necessary to understand their programmatic activities.
How does the foundation manage its significant assets given the fluctuating revenue?
The foundation consistently maintains substantial assets (e.g., $1,584,294 in 2023) despite varying annual revenues. This suggests effective asset management, likely through investments, to ensure long-term stability and funding capacity.
What is the nature of the expenses reported, given the 0% officer compensation?
With 0% officer compensation, the reported expenses (e.g., $113,840 in 2023) are likely allocated to program services, operational costs, and potentially investment management fees. A detailed expense breakdown would clarify this.
Filing History
IRS 990 filing history for Anderson Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Anderson Family Foundation Inc's revenue has grown by 1704.9%, moving from $3K to $51K. Total assets increased by 98425.7% over the same period, from $2K to $1.6M. Total functional expenses rose by 5664.1%, from $2K to $114K. In its most recent filing year (2023), Anderson Family Foundation Inc reported a deficit of $62K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $51K | $114K | $1.6M | $1 | — | — |
| 2022 | $67K | $71K | $1.6M | $1 | — | View 990 |
| 2021 | $1.9M | $18K | $1.9M | $1 | — | View 990 |
| 2020 | $900 | $1K | $1 | $1 | — | — |
| 2019 | $876 | $2K | $112 | $1 | — | View 990 |
| 2015 | $2K | $2K | $2K | $1 | — | View 990 |
| 2014 | $2K | $2K | $2K | $1 | — | View 990 |
| 2013 | $2K | $2K | $2K | $1 | — | View 990 |
| 2012 | $2K | $2K | $1K | $1 | — | View 990 |
| 2011 | $3K | $2K | $2K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $51K, expenses of $114K, and assets of $1.6M (revenue -22.9% year-over-year).
- 2022: Revenue of $67K, expenses of $71K, and assets of $1.6M (revenue -96.5% year-over-year).
- 2021: Revenue of $1.9M, expenses of $18K, and assets of $1.9M (revenue +214593.8% year-over-year).
- 2020: Revenue of $900, expenses of $1K, and assets of $1 (revenue +2.7% year-over-year).
- 2019: Revenue of $876, expenses of $2K, and assets of $112 (revenue -52.6% year-over-year).
- 2015: Revenue of $2K, expenses of $2K, and assets of $2K (revenue +0.0% year-over-year).
- 2014: Revenue of $2K, expenses of $2K, and assets of $2K (revenue -21.7% year-over-year).
- 2013: Revenue of $2K, expenses of $2K, and assets of $2K (revenue +27.7% year-over-year).
- 2012: Revenue of $2K, expenses of $2K, and assets of $1K (revenue -35.1% year-over-year).
- 2011: Revenue of $3K, expenses of $2K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Anderson Family Foundation Inc:
Data Sources and Methodology
This transparency report for Anderson Family Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.