Morton Family Foundation
- Assets
- $1.3m
- Revenue
- $35.0k
- Investments
- $1.3m
- Employees
- 0
- Location
- Hobe Sound, FL
- Founding
- 03/1999
- Data as of
- 12/2022
- EIN
- 06-6469445
Organization Overview
Morton Family Foundation is located in Hobe Sound, FL. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Morton Family 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 12/2022, Morton Family Foundation generated $35.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (24.0%) each year. All expenses for the organization totaled $148.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (25.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Morton Family Foundation has awarded 83 individual grants totaling $578,600. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William I Morton Trustee | 0 | $0 | |
Mary K Morton Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,125 |
| Interest on Savings | $8 |
| Dividends & Interest | $23,509 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,473 |
| Capital Gain Net Income | $7,473 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,890 |
| Total Revenue | $35,005 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,978 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $297 |
| Total operating and administrative expenses | $6,730 |
| Contributions, gifts, grants paid | $141,700 |
| Total expenses and disbursements | $148,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,562 |
| 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 | $28,786 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,266,462 |
| 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, Morton Family Foundation has awarded $141,700 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
1000 FRIENDS OF FLORIDA PURPOSE: TO ENABLE THE DONEES TO CARRY-OUT THEIR TAX EXEMPT PURPOSES. | $500 |
BOYS AND GIRLS CLUB OF MARTIN COUNTY PURPOSE: TO ENABLE THE DONEES TO CARRY-OUT THEIR TAX EXEMPT PURPOSES. | $10,000 |
BRAVO VAIL PURPOSE: TO ENABLE THE DONEES TO CARRY-OUT THEIR TAX EXEMPT PURPOSES. | $30,000 |
EAGLEBROOK SCHOOL PURPOSE: TO ENABLE THE DONEES TO CARRY-OUT THEIR TAX EXEMPT PURPOSES. | $2,500 |
COLUMBIA UNIVERSITY DEPT OF OPTHALMOLOGY PURPOSE: TO ENABLE THE DONEES TO CARRY-OUT THEIR TAX EXEMPT PURPOSES. | $2,500 |
CHRIST MEMORIAL CHAPEL PURPOSE: TO ENABLE THE DONEES TO CARRY-OUT THEIR TAX EXEMPT PURPOSES. | $6,000 |