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Nonprofiteer
← BRUCE J ANDERSON FOUNDATION INC

Form 990 for tax year 2023

Filed by BRUCE J ANDERSON FOUNDATION INC.

Totals

Total revenue
$44,331
Total expenses
$294,337
Contributions and grants received
$0
Grants paid
$210,465
Program service revenue
$0
Investment income
$44,331
Other revenue
$0
Total assets, end of year
$5,891,996
Total liabilities, end of year
$212,465
Net assets or fund balances, end of year
$5,679,531
Program services expenses (Part IX)
$241,038
Management and general expenses
$53,299
Fundraising expenses
$0
Program service expenses (Part III)
$241,038

Program services were 81.9% 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.

  • 3 · Investment income

    total $40,213 · excluded $40,213

  • 7a · Gross sales of assets other than inventory

    securities $543,674

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

    securities $539,556

  • 7c · Gain or loss

    securities $4,118

  • 7d · Net gain or loss

    total $4,118 · excluded $4,118

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $210,465 · program services $210,465

  • 11a · Fees: management

    total $72,987 · program services $30,000 · management and general $42,987

  • 11f · Fees: investment management

    total $10,312 · management and general $10,312

  • 19 · Conferences, conventions and meetings

    total $573 · program services $573

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $230,092 · end of year $216,371

  • 11 · Investments: publicly traded securities

    beginning of year $2,816,812 · end of year $3,136,324

  • 12 · Investments: other securities

    beginning of year $2,639,692 · end of year $2,539,301

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,125 · end of year $4,000

  • 18 · Grants payable

    beginning of year $244,387 · end of year $208,465

  • 27 · Net assets without donor restrictions

    beginning of year $5,432,084 · end of year $5,679,531

Mission and programs · 2023

Mission

Grantmaking: To assist in the fields of environmental protection, historic preservation, the arts and mental health in Cape Ann and the Nashua River Watershed.

Activities or mission (Part I)

The Bruce J. Anderson Foundation supports organizations in the fields of environmental protection, historic preservation, the arts and mental health in Cape Ann and the Nashua River Watershed.

  • Grantmaking: To assist in the fields of environmental protection, historic preservation, the arts and mental health in Cape Ann and the Nashua River Watershed.

    Expenses $241,038 · Grants $210,465

As filed on the 2023 return.

Listed in Part VII

  • Kate Guedj

    Treasurer & Trustee

    Total calculated
    $458,298
    From this org
    $0
    From related orgs
    $392,052
    Other
    $66,246
    Hours/week
    0.5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $366,588 related
    Bonus
    $0 + $19,000 related
    Other
    $0 + $6,464 related
    Deferred
    $0 + $35,820 related
    Nontaxable benefits
    $0 + $30,426 related
    Filer's total
    $0 + $458,298 related

  • Julie Smith-Bartoloni

    Trustee

    Total calculated
    $232,420
    From this org
    $0
    From related orgs
    $182,864
    Other
    $49,556
    Hours/week
    0.5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $175,065 related
    Bonus
    $0 + $6,069 related
    Other
    $0 + $1,730 related
    Deferred
    $0 + $11,160 related
    Nontaxable benefits
    $0 + $38,396 related
    Filer's total
    $0 + $232,420 related

  • Barbara Brammer

    Clerk & Trustee

    Total calculated
    $0
    Hours/week
    1

  • Molly O'Donnell

    President & Trustee

    Total calculated
    $0
    Hours/week
    1

  • CA Webb

    Trustee

    Total calculated
    $0
    Hours/week
    0.25 + 1 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 4b
Kate Guedj participated in a Supplemental Employee Retirement Plan (SERP). The total SERP contributions for the above participant for the calendar year ended December 31, 2023 were as follows: Non-Taxable Kate Guedj $16,020
Schedule J, Part I, Line 3
Methods to establish compensation: No member of the Bruce J. Anderson Foundation is compensated by the Bruce J. Anderson Foundation. The methods used to establish compensation for Kate Guedj, VP and Chief Philanthropy Officer and Julie Smith-Bartoloni, of the Boston Foundation, Inc., reflect the methods employed by the Boston Foundation, Inc., a supported organization.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202541329349304089

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