Andersen-formolo Family Foundation
Only null% goes to programs Strong reserves Declining revenue
Andersen-formolo Family Foundation is a 501(c)(3) organization based in Chicago, Illinois, registered in 2005, with $616,053 in FY2024 revenue. CharityIndex grades it D.
1837 N Orchard St, Chicago, IL, 60614 EIN 20-1917495 Since 2005
Revenue (FY2024)
$616K
▲ 4.0% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$806K
Net assets
$12.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Andersen-formolo Family Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating179 mo reserves · -31% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Andersen-formolo Family Foundation: 179 mo reserves · -31% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Andersen-formolo Family Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Andersen-formolo Family Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1837 N Orchard St, Chicago, IL, 60614
- City
- Chicago
- State
- Illinois
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $344K (FY2014) to $616K (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $12.0M
Operating margin
-30.8%
Spent more than it raised in the latest fiscal year.
Total assets
$12.0M
Total liabilities
$0
Net assets
$12.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $616,053▲4.0% | $805,532▲39.1% | $12,038,046▼2.8% | $12,038,046▼2.8% | 990PF |
| 2023 | $592,399▼46.8% | $579,140▲24.2% | $12,389,466▲0.1% | $12,389,466▲0.1% | 990PF |
| 2022 | $1,113,447▼68.5% | $466,438▼47.4% | $12,376,207▲5.5% | $12,376,207▲5.5% | 990PF |
| 2021 | $3,532,677▲54.3% | $886,682▲29.9% | $11,729,198▲29.1% | $11,729,198▲29.1% | 990PF |
| 2020 | $2,289,087▲157% | $682,436▲21.1% | $9,083,203▲18.0% | $9,083,203▲18.0% | 990PF |
| 2019 | $890,990▼48.6% | $563,479▲40.6% | $7,697,526▲4.4% | $7,697,526▲4.4% | 990PF |
| 2018 | $1,733,733▲320% | $400,846▲2.4% | $7,370,015▲22.1% | $7,370,015▲22.1% | 990PF |
| 2017 | $413,018▼80.9% | $391,498▲43.2% | $6,037,128▲0.4% | $6,037,128▲0.4% | 990PF |
| 2016 | $2,160,446▲39.0% | $273,344▲57.7% | $6,015,608▲46.1% | $6,015,608▲46.1% | 990PF |
| 2015 | $1,553,833▲352% | $173,290▲4.4% | $4,117,078▲50.4% | $4,117,078▲50.4% | 990PF |
| 2014 | $344,069 | $166,034 | $2,736,839 | $2,736,839 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Andersen-formolo Family Foundation a legitimate nonprofit?
- Yes. Andersen-formolo Family Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-1917495, based in Chicago, Illinois. Donations are tax-deductible.
- What is Andersen-formolo Family Foundation's EIN?
- Andersen-formolo Family Foundation's Employer Identification Number (EIN) is 20-1917495.
- How much revenue does Andersen-formolo Family Foundation report?
- Andersen-formolo Family Foundation reported $616,053 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Andersen-formolo Family Foundation have?
- CharityIndex grades Andersen-formolo Family Foundation D, based on financial health (reserves and operating margin).
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Data for Andersen-formolo Family Foundation (EIN 20-1917495) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.