Overview
What is Anderson Family Foundation C/O Armanino Llp?
The Anderson Family Foundation C/O Armanino LLP, located in Los Angeles, California, is a charitable organization committed to advancing educational and charitable purposes. By providing funds to various qualified charitable organizations, as outlined by Section 501(C)(3) of the Internal Revenue Code, the foundation aims to support their educational activities. The foundation has a mission to aid multiple charitable organizations financially, contributing to their noble causes. Despite the cancellation of their 2022 fundraiser, the Anderson Family Foundation continues to support charitable organizations and promote their educational and charitable objectives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60%, Two-Star out of Four Star rating.
The Anderson Family Foundation has received a Two-Star rating from Charity Navigator, indicating some areas of concern, particularly in governance and transparency. The overall score is based solely on its Accountability & Finance score, which is 60%. While the foundation exhibits a high program expense ratio of 97.25%, indicating a strong focus on its mission-related activities, its governance practices reveal significant weaknesses.
A notable limitation is the lack of independent board members, with only 33% meeting this criterion. Additionally, the foundation is missing several key policies, including a whistleblower policy and a document retention and destruction policy, which can impact its accountability. Furthermore, the foundation's website is not listed on its tax form, and it has not posted its tax information online, which raises concerns about transparency and public accessibility of crucial information.
Despite these challenges, the foundation has demonstrated good financial health, with a liabilities to assets ratio of 0.00%, suggesting no outstanding debts. However, prospective donors and stakeholders should consider these governance issues when evaluating the foundation's overall effectiveness and integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Anderson Family Foundation C/O Armanino Llp legitimate?
Anderson Family Foundation C/O Armanino Llp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anderson Family Foundation C/O Armanino Llp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Anderson Family Foundation C/O Armanino Llp?
The Anderson Family Foundation, managed by Armanino LLP, is committed to providing funds for educational and charitable purposes. This support extends to a variety of organizations that align with the charitable objectives outlined in Section 501(C)(3) of the Internal Revenue Code. The mission of the foundation is to aid multiple charitable organizations in their educational activities by offering financial resources. However, due to the cancellation of their 2022 fundraiser, no grants were distributed to these organizations during that period.
Who is the CEO of Anderson Family Foundation C/O Armanino Llp?
Anthony Anderson is the President of Anderson Family Foundation C/O Armanino Llp.
What is the revenue of Anderson Family Foundation C/O Armanino Llp?
Anderson Family Foundation C/O Armanino Llp's revenue in 2022 was $29,117.
Who are the executives of Anderson Family Foundation C/O Armanino Llp and what are their salaries?
There 3 volunteers at Anderson Family Foundation C/O Armanino Llp.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Anderson Family Foundation C/O Armanino Llp?
Anderson Family Foundation C/O Armanino Llp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Anderson Family Foundation C/O Armanino Llp
The Anderson Family Foundation C/O Armanino LLP is committed to supporting a wide array of charitable organizations that align with educational and charitable purposes as outlined in section 501(C)(3) of the Internal Revenue Code. Its mission is to provide these organizations with financial aid, thereby enabling them to further their educational activities. In essence, the foundation serves as a funding source for various charitable entities, contributing to their efforts to advance educational and philanthropic causes. However, due to the cancellation of their 2022 fundraiser, the foundation was unable to dispense grants to other eligible charitable organizations that year.
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Impact
August, 2024
Anderson Family Foundation C/O Armanino Llp's impact lies in supporting various charitable organizations in their educational endeavors. Through providing funds to a broad range of nonprofits that align with its charitable mission, the foundation plays a crucial role in advancing educational opportunities and initiatives in the community. Despite cancelling its 2022 fundraiser, the foundation's commitment to philanthropy and supporting educational causes remains evident through its ongoing efforts to provide financial assistance to deserving organizations.
This information is meant to be a general summary of Anderson Family Foundation C/O Armanino Llp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $133,400
Assets and Liabilities:
- Total Assets: $266,313
- Total Liabilities: $0
- Net Assets: $266,313
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Organization Details
Founding Year
2016
Phone
(310) 478-4148Principal Officer
Anthony Anderson
Main Address
11766 WILSHIRE BLVD 9TH FL, LOS ANGELES, CA, 90025
NTEE Category
Code: T31 - Philanthropy
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