Robert Haywood Morrison Foundation
- Assets
- $17.3m
- Revenue
- $413.0k
- Investments
- $14.9m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 03/2002
- Data as of
- 11/2023
- EIN
- 01-0561393
Organization Overview
Robert Haywood Morrison Foundation is located in Charlotte, NC. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robert Haywood Morrison Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2023, Robert Haywood Morrison Foundation generated $413.0k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $980.4k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Robert Haywood Morrison Foundation has awarded 117 individual grants totaling $8,346,750. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia H Tyson President | 40 | $170,004 | |
Douglas E Clark Secretary | 0 | $0 | |
Marcus J Tyson VP And Treasurer | 0 | $0 | |
Alexandra E Butler Director | 0 | $0 | |
Frederick Faircloth Vi Director | 0 | $0 | |
Mark L Atchinson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $425,326 |
| Net Rental Income | $3,650 |
| Net Gain on Sale of Assets | -$16,000 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $412,976 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $170,004 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,540 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,106 |
| Printing and publications | $0 |
| Other expenses | $6,772 |
| Total operating and administrative expenses | $361,687 |
| Contributions, gifts, grants paid | $618,750 |
| Total expenses and disbursements | $980,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,131,526 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $1,345,173 |
| Investments—mortgage loans | $0 |
| Investments—other | $14,862,171 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,338,870 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Robert Haywood Morrison Foundation has awarded $618,750 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN SHAKESPEARE CENTER PURPOSE: GENERAL USE. | $1,000 |
CHAMBER MUSIC FOR ALL PURPOSE: GENERAL USE. | $200 |
CHARLOTTE MUSEUM OF HISTORY PURPOSE: GENERAL USE. | $700 |
CHARLOTTE SYMPHONY PURPOSE: GENERAL USE. | $2,500 |
CHARLOTTE YOUTH BALET PURPOSE: GENERAL USE. | $1,000 |
CHARLOTTE SYMPHONY ORCHESTRA PURPOSE: GENERAL USE. | $100,000 |