Overview
What is Andersen Foundation?
Andersen Foundation is a nonprofit organization established to aid the communities served by Andersen Tax LLC. Its primary mission is to provide emergency relief funding during hardships, such as natural disasters, terrorist attacks, or personal crises. This assistance is available not only to the employees and partners of Andersen but also to individuals from wider communities who can demonstrate need and distress. The foundation's selection committee, consisting of nine diverse individuals, reviews each request to ensure it meets the needs-based test. In 2022, the foundation provided aid to individuals and organizations affected by the humanitarian crisis resulting from the Russian invasion of Ukraine, along with four families experiencing medical emergencies. The foundation's work is funded by Andersen and voluntary contributions from employees, alumni, and retirees, as well as external grants and funds from clients and government entities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star Rating)
The Andersen Foundation has received an 86% rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization boasts a fully independent board of directors, which enhances its governance and oversight capabilities. Additionally, it has a high program expense ratio of 98.55%, indicating that the majority of its financial resources are directed towards its charitable programs.
Strengths of the Andersen Foundation include its effective financial management practices, as evidenced by its excellent scores in areas such as audit oversight and the lack of material diversion of assets. The organization also has a comprehensive conflict of interest policy and consistently documents its board meeting minutes, showcasing a commitment to transparency and ethical governance.
While the rating is positive, it is essential to consider the organization's engagement with the broader community and its long-term impact, which are not detailed in the financial metrics alone. Overall, the Andersen Foundation presents a strong profile in financial accountability and program effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Andersen Foundation legitimate?
Andersen Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Andersen Foundation 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 Andersen Foundation?
The Andersen Foundation, established to support Andersen Tax LLC's served communities, aims to provide assistance beyond the current and former employees of Andersen. The foundation's beneficiaries extend to Andersen's clients and communities in need, especially during times of hardship. The foundation offers scholarship aid to the people of Andersen and their families, as well as supports other charitable and educational purposes. It achieves its mission through contributions from Andersen and the voluntary contributions of its partners, employees, alumni, and retirees. Additionally, the foundation accepts grants and funds from the general public, including clients and governmental entities.
Who is the CEO of Andersen Foundation?
Joseph P Toce Jr is the Trustee of Andersen Foundation.
What is the revenue of Andersen Foundation?
Andersen Foundation's revenue in 2022 was $1,986,793.
Who are the executives of Andersen Foundation and what are their salaries?
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 Andersen Foundation?
Andersen Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Andersen Foundation
The Andersen Foundation, established to aid the communities served by Andersen Tax LLC, is organized with the mission to assist individuals beyond the company's employees. This nonprofit entity extends its reach to include Andersen's clients and communities at large, providing aid to those in need during times of hardship. The foundation aims to alleviate immediate needs and permanent losses through contributions from Andersen and the voluntary donations of its partners, employees, alumni, and retirees. Additionally, the Andersen Foundation offers scholarship aid to the families of its staff and supports other charitable and educational purposes. It accepts grants and funds from external sources, such as clients and governmental entities, to further its mission of providing assistance and support to its beneficiaries.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Andersen Foundation's impact is significant in providing direct and indirect emergency hardship relief to the communities served by Andersen Tax LLC. The foundation offers assistance in various situations such as natural disasters, terrorism, fires, floods, violent crimes, and personal hardships like illness or death in the family. Through grants, the foundation supports individuals in need, not limited to just the people of Andersen, based on objective criteria set by an independent selection committee. In 2022, the foundation provided grants to individuals and organizations affected by the humanitarian crisis resulting from the Russian invasion of Ukraine and supported families facing medical emergencies. The foundation's focus on aiding those in distress showcases its commitment to philanthropy and supporting communities during challenging times.
This information is meant to be a general summary of Andersen Foundation. 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.
- Investment Income: -$50,733
- Gross Receipts: $3,618,987
Assets and Liabilities:
- Total Assets: $4,975,620
- Total Liabilities: $554,795
- Net Assets: $4,420,825
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2017
Phone
(646) 213-5100Principal Officer
Joseph P Toce Jr
Main Address
1177 6TH AVENUE 18TH FLOOR, NEW YORK, NY, 10036
NTEE Category
Code: T31 - Philanthropy
If you are a representative of Andersen Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.