Mayor Gayden W Morrill Charitable Foundation
- Assets
- $5.6m
- Revenue
- $191.7k
- Investments
- $5.3m
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 04/2019
- Data as of
- 12/2023
- EIN
- 04-3049521
Organization Overview
Mayor Gayden W Morrill Charitable Foundation is located in Brooklyn, NY. The organization was established in 2019. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Mayor Gayden W Morrill Charitable 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 12/2023, Mayor Gayden W Morrill Charitable Foundation generated $191.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $221.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Mayor Gayden W Morrill Charitable Foundation has awarded 17 individual grants totaling $1,138,979. 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
GIFT MADE TO THE CITY OF NEWBURYPORT FOR PARK BEAUTIFICATION 110,000.00
GIFTS MADE TO CITY OF NEWBURYPORT FOR PARKS BEAUTIFICATION 17312.00 FROM DONATIONS RECEIVED BY THE NEWBURYPORT PARKS CONSERVANCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Morrill President | 2 | $0 | |
James A Morrill Secretary | 2 | $0 | |
Julia Morrill Treasurer | 2 | $0 | |
Jackson Morrill Vice Preside | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,309 |
| Interest on Savings | $906 |
| Dividends & Interest | $181,375 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,899 |
| Capital Gain Net Income | $170 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,206 |
| Total Revenue | $191,695 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $483 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $94,527 |
| Contributions, gifts, grants paid | $127,312 |
| Total expenses and disbursements | $221,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,518 |
| Savings and temporary cash investments | $151,557 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,572,988 |
| 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, Mayor Gayden W Morrill Charitable Foundation has awarded $127,312 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF NEWBURYPORT CONSERVANCY PURPOSE: FIELD MAINTENANCE | $17,312 |
CITY OF NEWBURYPORT MORRIL FOUN PURPOSE: PARK BEAUTIFICATION | $110,000 |