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Nonprofiteer
← ANNANDALE FOUNDATION INC

Form 990 for tax year 2023

Filed by ANNANDALE FOUNDATION INC.

Totals

Total revenue
$303,390
Total expenses
$386,310
Contributions and grants received
$9,187
Grants paid
$314,720
Program service revenue
$0
Investment income
$294,203
Other revenue
$0
Total assets, end of year
$12,731,616
Total liabilities, end of year
$12,698
Net assets or fund balances, end of year
$12,718,918
Program services expenses (Part IX)
$314,720
Management and general expenses
$71,590
Fundraising expenses
$0
Program service expenses (Part III)
$314,720

Program services were 81.5% 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.

  • 1f · All other contributions, gifts and grants

    $9,187

  • 3 · Investment income

    total $177,370 · excluded $177,370

  • 7a · Gross sales of assets other than inventory

    securities $564,582

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

    securities $447,749

  • 7c · Gain or loss

    securities $116,833

  • 7d · Net gain or loss

    total $116,833 · excluded $116,833

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $314,720 · program services $314,720

  • 11f · Fees: investment management

    total $64,502 · management and general $64,502

  • 13 · Office expenses

    total $30 · management and general $30

  • 23 · Insurance

    total $7,058 · management and general $7,058

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $636,453 · end of year $987,828

  • 9 · Prepaid expenses and deferred charges

    end of year $25,348

  • 11 · Investments: publicly traded securities

    beginning of year $10,933,895 · end of year $11,718,440

  • 17 · Accounts payable and accrued expenses

    beginning of year $165,723 · end of year $12,698

  • 27 · Net assets without donor restrictions

    beginning of year $7,579,581 · end of year $8,724,449

  • 28 · Net assets with donor restrictions

    beginning of year $3,825,044 · end of year $3,994,469

Mission and programs · 2023

Mission

THE MISSION OF THE ORGANIZATION IS TO EXCLUSIVELY SERVE AS A SUPPORTING ORGANIZATION TO ANNANDALE AT SUWANEE, INC.

Activities or mission (Part I)

SEE SCHEDULE O.THE ANNANDALE FOUNDATION, INC'S MISSION IS TO PERPETUATE A VILLAGE COMMUNITY TO PROVIDE PROGRESSIVE LIFE ASSISTANCE TO ADULTS WITH DEVELOPMENTAL DISABILITIES OR TRAUMATIC BRAIN INJURY SO THAT THEY CAN MAXIMIZE THEIR ABILITIES AND MAINTAIN THEIR INDEPENDENCE IN THE LEAST RESTRICTIVE ENVIRONMENT. ASSISTANCE IS PROVIDED TO ADULTS WITH DISABILITIES INCLUDING AUTISM, ASPERGER SYNDROME, DOWN SYNDROME AND FRAGILE X SYNDROME.

  • FUNDS FROM THE FOUNDATION ARE EXCLUSIVELY FOR THE SUPPORT OF ITS SUPPORTED ENTITY, ANNANDALE AT SUWANEE, INC. IT IS ANTICIPATED THAT THESE FUNDS WILL BE USED PRIMARILY AT ANNANDALE FOR ANNANDALE'S FEE ASSISTANCE PROGRAM. THIS PROGRAM ASSISTS CERTAIN FINANCIALLY DISADVANTAGED RESIDENTS OF ANNANDALE BY ALLOWING FOR ANNANDALE TO CHARGE LOWER FEES TO THOSE PERSONS. THUS, IN A SENSE THE USE OF THE FUNDS IS ULTIMATELY RESTRICTED TO CERTAIN INDIVIDUALS, THOSE RESIDENTS AT ANNANDALE WHO ARE FIANCIALLY DISADVANTAGED AND WHO ARE SELECTED FOR THE ANNANDALE FEE ASSISTANCE PROGRAM BASED ON THEIR FINANCIAL NEED.

    Expenses $288,214 · Grants $288,214

  • FUNDS ARE GIVEN TO ANNANDALE AT SUWANEE, INC. TO SUPPORT EMPLOYEES IN TIMES OF UNEXPECTED FINANCIAL HARDSHIP.

    Expenses $26,506 · Grants $26,506

As filed on the 2023 return.

Listed in Part VII

  • BRYAN BENFIELD

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TYLER HEARD

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • NOAH LEVY

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • ROBERT PONDER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • SUZANNE MOLOCK MD

    PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LISA JACKSON

    EXEC COM AT LARGE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • CHARLES A LOTZ

    EMERITUS

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • ADAM POMERANZ

    PRESIDENT/EXECUTIVE DIRECT

    Total calculated
    $289,668
    From this org
    $0
    From related orgs
    $226,475
    Other
    $63,193
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $226,475 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $23,004 related
    Nontaxable benefits
    $0 + $40,189 related
    Filer's total
    $0 + $289,668 related

  • LAURA MACPHERSON

    CHIEF FINANCIAL OFFICER

    Total calculated
    $155,378
    From this org
    $0
    From related orgs
    $136,706
    Other
    $18,672
    Hours/week
    2.5 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $136,706 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,364 related
    Nontaxable benefits
    $0 + $6,308 related
    Filer's total
    $0 + $155,378 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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

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
14 May 2025
IRS schema version
2023v6.0
Source object
202501359349302925

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