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Nonprofiteer
← ANDERSEN TAX FOUNDATION

Form 990 for tax year 2023

Filed by ANDERSEN TAX FOUNDATION.

Totals

Total revenue
$1,666,692
Total expenses
$1,426,307
Contributions and grants received
$1,470,418
Grants paid
$1,403,158
Program service revenue
$0
Investment income
$196,274
Other revenue
$0
Total assets, end of year
$5,342,744
Total liabilities, end of year
$395,032
Net assets or fund balances, end of year
$4,947,712
Program services expenses (Part IX)
$1,403,158
Management and general expenses
$23,149
Fundraising expenses
$0
Program service expenses (Part III)
$1,403,158

Program services were 98.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $1,200,000

  • 1f · All other contributions, gifts and grants

    $270,418

  • 3 · Investment income

    total $185,673 · excluded $185,673

  • 7a · Gross sales of assets other than inventory

    securities $1,670,700

  • 7b · Less cost or other basis and sales expenses

    securities $1,660,099

  • 7c · Gain or loss

    securities $10,601

  • 7d · Net gain or loss

    total $10,601 · excluded $10,601

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $626,005 · program services $626,005

  • 2 · Grants to domestic individuals

    total $430,378 · program services $430,378

  • 3 · Grants to foreign organizations and individuals

    total $346,775 · program services $346,775

  • 11c · Fees: accounting

    total $15,000 · management and general $15,000

  • 17 · Travel

    total $7,727 · management and general $7,727

  • 24a · Other expenses: NEW YORK STATE FILING F

    total $275 · management and general $275

  • 24b · Other expenses: SUPPLIES

    total $122 · management and general $122

  • 24c · Other expenses: BANK FEE

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,203,782 · end of year $620,541

  • 3 · Pledges and grants receivable

    beginning of year $3,506 · end of year $58,625

  • 11 · Investments: publicly traded securities

    beginning of year $3,768,332 · end of year $4,663,578

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,168 · end of year $0

  • 18 · Grants payable

    beginning of year $545,627 · end of year $395,032

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $4,420,825 · end of year $4,947,712

Mission and programs · 2023

Mission

THE ANDERSEN TAX FOUNDATION (HEREAFTER "THE FOUNDATION") IS ORGANIZED TO ALLOW THE PEOPLE OF ANDERSEN TAX LLC (HEREAFTER ANDERSEN") TO ASSIST THE GEOGRAPHICAL COMMUNITIES SERVED BY ANDERSEN. THE COMMUNITY BENEFICIARIES OF THE ASSISTANCE ARE NOT JUST LIMITED TO THE CURRENT AND FORMER PEOPLE OF ANDERSEN, BUT WILL BE BROAD ENOUGH TO INCLUDE ANDERSEN CLIENTS AND COMMUNITIES AS A WHOLE THAT HAVE IMMEDIATE NEEDS AND SUFFER PERMANENT LOSSES IN TIMES OF HARDSHIP, WILL PROVIDE SCHOLARSHIP AID TO THE PEOPLE OF ANDERSEN AND THEIR FAMILIES AND TO SUPPORT OTHER QUALIFIED CHARITABLE AND EDUCATIONAL PURPOSES. THE FOUNDATION WILL PROVIDE THE NECESSARY SUPPORT AND ASSISTANCE THROUGH THE CONTRIBUTION OF ANDERSEN AND THE VOLUNTARY CONTRIBUTIONS OF THE PEOPLE OF ANDERSEN, INCLUDING APPROXIMATELY 2,000 OVERALL PARTNERS, EMPLOYEES, ALUMNI AND RETIREES, AS WELL AS ACCEPT GRANTS AND FUNDS FROM THE OUTSIDE GENERAL PUBLIC, INCLUDING CLIENTS, OR GOVERNMENTAL ENTITIES.

Activities or mission (Part I)

ESTABLISHED TO ALLOW THE PEOPLE OF ANDERSEN TAX LLC TO ASSIST THE GEOGRAPHICAL COMMUNITIES SERVED.

  • THE FOUNDATION AIMS TO PROVIDE DIRECT AND INDIRECT EMERGENCY HARDSHIP RELIEF TO THE ANDERSEN COMMUNITIES AS A WHOLE. TYPES OF DISASTERS OR EMPLOYEE HARDSHIP SITUATIONS INCLUDE, BUT ARE NOT LIMITED TO, NATURAL DISASTERS, TERRORISM, FIRES, FLOODS, VIOLENT CRIMES, PHYSICAL ABUSE, DEATH AND ILLNESS IN THE FAMILY, AND OTHER PERSONAL HARDSHIPS. FOR INDIVIDUAL ASSISTANCE, GRANTS ARE AVAILABLE TO THOSE INDIVIDUALS (NOT LIMITED TO JUST THE PEOPLE OF ANDERSEN) THAT CAN PROPERLY DEMONSTRATE NEED, HARDSHIP, OR DISTRESS. ALL INDIVIDUAL RECIPIENTS ARE SELECTED BASED ON OBJECTIVE CRITERIA MADE BY AN INDEPENDENT SELECTION COMMITTEE CONSISTING OF GEOGRAPHICALLY DIVERSE GROUP OF NINE INDIVIDUALS. THE COMMITTEE UNDERTAKES A DUE DILIGENCE REVIEW OF EACH REQUEST FOR ASSISTANCE TO ENSURE INDIVIDUALS MEET THE NEEDS-BASED TEST. GRANTS ARE ISSUED TO ELIGIBLE INDIVIDUALS, INCLUDING ANDERSEN PARTNERS AND EMPLOYEES, TO PROVIDE NEEDS-BASED FINANCIAL SUPPORT. INDIVIDUALS SEEKING HARDSHIP RELIEF WILL NEED TO APPLY TO THE FOUNDATION FOR FUNDS AND OTHER ASSISTANCE USING A PREESTABLISHED APPLICATION. IN 2023 THE FOUNDATION WAS ABLE TO PROVIDE GRANTS TO INDIVIDUALS IMPACTED BY THE HUMANITARIAN CRISIS RESULTING FROM THE RUSSIAN INVASION OF UKRAINE. ADDITIONALLY THE FOUNDATION GRANTED ASSISTANCE TO OVER TEN FAMILIES WHO EXPERIENCED HARDSHIP STEMMING FROM A MEDICAL EMERGENCY. THIS GRANT PROVIDED IMMEDIATE RELIEF TO THE FINANCIAL STRESS OF THE FAMILY DRIVEN BY THIS EVENT.

    Expenses $144,653 · Grants $144,653

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $332,500 · Grants $332,500

  • TO THE EXTENT THE FOUNDATION CANNOT DIRECTLY ASSIST IN HARDSHIP RELIEF, IT MAKES GRANTS TO OTHER CHARITIES THAT ARE ALREADY DIRECTLY ASSISTING IN THE AFFECTED COMMUNITIES. THIS YEAR THE FOUNDATION MADE GRANTS TO ORGANIZATIONS SUPPORTING THE COMMUNITY OF UKRAINE, ISREAL, PALESTINE AND SURROUNDING AREAS AS A RESULT OF THE HUMANITARIAN CRISISES IN EACH RESPECTIVE REGION. FURTHER, GRANTS WERE MADE TO ORGANIZATIONS ASSISTING WITH THE AID RESPONSE TO NATURAL DISASTERS IN TURKEY AND MAUI. ADDITIONALLY, THE FOUNDATION MADE GRANTS IN SUPPORT OF EFFORTS TO COMBAT HUNGER AND SUPPORT GREATER EDUCATION INITIATIVES IN LINE WITH THE FOUNDATION'S MISSION.

    Expenses $926,005 · Grants $926,005

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Joseph P Toce Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.5 + 40 related

  • Michael Van De Loo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.5 + 40 related

  • Pepper Austin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.5 + 40 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • ANDERSEN TAX LLC

    N/A · TAX AND CONSULTING SERVICES · CA

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423199349315257

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