Anderson Foundation Inc
Anderson Foundation: Declining Assets, Inconsistent Revenue, and High Administrative Costs Raise Concerns
EIN: 222393971 · Bernardsville, NJ · Updated: 2026-04-04
About Anderson Foundation Inc
Anderson Foundation Inc (EIN: 222393971) is a nonprofit organization based in Bernardsville, NJ. The organization reported total revenue of $167K and total assets of $5.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Anderson Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Anderson Foundation Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Anderson Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided financial data, making a direct assessment difficult without further information.
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 Foundation Inc's IRS 990 filings:
- Total assets have consistently declined from $11,138,555 in 2013 to $5,514,279 in 2023, indicating a significant reduction in organizational capacity.
- Revenue has been highly volatile, including a negative revenue of -$42,920 in 2022, which is a significant concern for financial stability.
- Expenses consistently exceed revenue in multiple years (e.g., 2022: revenue -$42,920 vs. expenses $599,062; 2023: revenue $162,950 vs. expenses $732,652), suggesting an unsustainable financial model.
- The organization's 'net type' is unknown, which limits understanding of its specific operational focus and tax-exempt status implications.
Strengths
The following positive indicators were identified for Anderson Foundation Inc:
- The foundation has a long operational history, with financial data available dating back to 2013.
- Consistent filing of financial documents (990-PF) demonstrates a commitment to regulatory compliance.
Frequently Asked Questions about Anderson Foundation Inc
What does Anderson Foundation Inc do?
Anderson Foundation Inc is a nonprofit organization in the Unknown sector, located in Bernardsville, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Anderson Foundation Inc have?
Anderson Foundation Inc reported total revenue of $167,312. Based on 10 IRS 990 filings on record.
What are Anderson Foundation Inc's total assets?
Anderson Foundation Inc holds total assets of $5,514,279 as reported in IRS 990 filings.
Where is Anderson Foundation Inc located?
Anderson Foundation Inc is based in Bernardsville, New Jersey.
What is Anderson Foundation Inc's EIN?
Anderson Foundation Inc's Employer Identification Number (EIN) is 222393971. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Anderson Foundation Inc?
Anderson Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Anderson Foundation Inc a registered 501(c)(3)?
Anderson Foundation Inc appears in IRS records (EIN: 222393971). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Anderson Foundation Inc file IRS Form 990?
Yes, Anderson Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202311.
What was Anderson Foundation Inc's revenue in 2023?
In the 202311 filing period, Anderson Foundation Inc reported total revenue of $162,950, total expenses of $732,652, and net assets of $5,905,600.
Is Anderson Foundation Inc's revenue growing or declining?
Anderson Foundation Inc's revenue is relatively stable. Revenue went from $-42,920 (202211) to $162,950 (202311), a 0.0% change. Based on 10 filings on record.
What is Anderson Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Anderson Foundation Inc covers tax period 202311. It shows revenue of $162,950, expenses of $732,652, total assets of $5,905,600, and liabilities of $1.
How much does Anderson Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Anderson Foundation Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Anderson Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Anderson Foundation Inc shows mixed signals. Mission Score: 65/100 (Good). 4 red flags identified. 2 strengths noted.
What are the red flags for Anderson Foundation Inc?
The following concerns were identified: Total assets have consistently declined from $11,138,555 in 2013 to $5,514,279 in 2023, indicating a significant reduction in organizational capacity.. Revenue has been highly volatile, including a negative revenue of -$42,920 in 2022, which is a significant concern for financial stability.. Expenses consistently exceed revenue in multiple years (e.g., 2022: revenue -$42,920 vs. expenses $599,062; 2023: revenue $162,950 vs. expenses $732,652), suggesting an unsustainable financial model.. The organization's 'net type' is unknown, which limits understanding of its specific operational focus and tax-exempt status implications.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Anderson Foundation Inc's strengths?
Positive indicators for Anderson Foundation Inc include: The foundation has a long operational history, with financial data available dating back to 2013.. Consistent filing of financial documents (990-PF) demonstrates a commitment to regulatory compliance.. These findings are derived from AI analysis of the organization's financial filings.
How does Anderson Foundation Inc compensate executives?
Executive compensation is not explicitly detailed in the provided financial data, making a direct assessment difficult without further information. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent decline in assets and frequent negative or low revenue years, what is the long-term sustainability plan for the Anderson Foundation?
The provided data suggests a concerning trend of asset depletion and reliance on existing capital rather than consistent revenue generation. Without a clear strategy to reverse these trends, the foundation's ability to continue its mission is questionable.
How does the foundation manage its expenses, particularly in years with significantly negative or low revenue, and what is the impact on its programmatic activities?
The high expense figures relative to revenue, especially in years like 2022, indicate that the foundation is likely drawing heavily from its asset base to cover operational costs. This raises questions about the efficiency of spending and potential cuts to program services to maintain solvency.
Filing History
IRS 990 filing history for Anderson Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Anderson Foundation Inc's revenue has declined by 40.4%, moving from $273K to $163K. Total assets decreased by 49.8% over the same period, from $11.8M to $5.9M. Total functional expenses fell by 13.3%, from $845K to $733K. In its most recent filing year (2023), Anderson Foundation Inc reported a deficit of $570K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $163K | $733K | $5.9M | $1 | — | View 990 |
| 2022 | $-42,920 | $599K | $6.5M | $1 | — | View 990 |
| 2021 | $519 | $719K | $7.1M | $1 | — | — |
| 2020 | $39K | $623K | $7.8M | $1 | — | View 990 |
| 2019 | $122K | $596K | $8.4M | $1 | — | View 990 |
| 2015 | $332K | $971K | $10.1M | $1 | — | View 990 |
| 2014 | $245K | $646K | $10.7M | $1 | — | View 990 |
| 2013 | $452K | $425K | $11.1M | $1 | — | View 990 |
| 2012 | $333K | $974K | $11.1M | $1 | — | View 990 |
| 2011 | $273K | $845K | $11.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $163K, expenses of $733K, and assets of $5.9M.
- 2022: Revenue of $-42,920, expenses of $599K, and assets of $6.5M (revenue -8369.7% year-over-year).
- 2021: Revenue of $519, expenses of $719K, and assets of $7.1M (revenue -98.7% year-over-year).
- 2020: Revenue of $39K, expenses of $623K, and assets of $7.8M (revenue -68.1% year-over-year).
- 2019: Revenue of $122K, expenses of $596K, and assets of $8.4M (revenue -63.3% year-over-year).
- 2015: Revenue of $332K, expenses of $971K, and assets of $10.1M (revenue +35.6% year-over-year).
- 2014: Revenue of $245K, expenses of $646K, and assets of $10.7M (revenue -45.9% year-over-year).
- 2013: Revenue of $452K, expenses of $425K, and assets of $11.1M (revenue +35.7% year-over-year).
- 2012: Revenue of $333K, expenses of $974K, and assets of $11.1M (revenue +21.7% year-over-year).
- 2011: Revenue of $273K, expenses of $845K, and assets of $11.8M.
Data Sources and Methodology
This transparency report for Anderson 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.