Elizabeth Morse Genius Foundation
- Assets
- $130.9m
- Revenue
- $7.8m
- Investments
- $95.4m
- Employees
- 0
- Location
- Winter Park, FL
- Founding
- 05/1959
- Data as of
- 12/2023
- EIN
- 13-6115217
Organization Overview
Elizabeth Morse Genius Foundation is located in Winter Park, FL. The organization was established in 1959. 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. Elizabeth Morse Genius 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, Elizabeth Morse Genius Foundation generated $7.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $9.2m during the year ending 12/2023. While expenses have increased by 2.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Elizabeth Morse Genius Foundation has awarded 270 individual grants totaling $18,996,506. 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
ROLLINS COLLEGE ENVIRONMENTAL STUDIES: USE OF LAND AND BUILDINGS TO PRESERVE UNDEVELOPED LAND FOR LOCAL WILDLIFE AND PLANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Woodman Exec Vice Pres & Treasurer As Of 8/23 | 35 | $119,856 | |
Richard Strauss - See Stmt 20 Evp & Treas Thru 7/23, Trustee 8/23 | 35 | $482,183 | |
Harold Ward III Chairman | 2 | $0 | |
Randolph Rush President | 2 | $0 | |
Bonnie Hubbard Secretary | 40 | $130,168 | |
Susan Stavros Assistant Treasurer | 35 | $172,178 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Baltzar Garcia Jr | 12/30/23 | $242,264 |
Bank Of America Na | 12/30/23 | $173,379 |
Tip Top Roofing Inc | 12/30/23 | $163,635 |
Winderweedle Haines Ward & Woodman Pa | 12/30/23 | $63,842 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,348,946 |
| Net Rental Income | $1,175,893 |
| Net Gain on Sale of Assets | $2,172,478 |
| Capital Gain Net Income | $2,332,824 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $104,071 |
| Total Revenue | $7,823,076 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $904,385 |
| Other employee salaries and wages | $687,039 |
| Pension plans, employee benefits | $427,334 |
| Interest | $0 |
| Taxes | $516,477 |
| Depreciation | $496,229 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $42,048 |
| Printing and publications | $0 |
| Other expenses | $1,253,190 |
| Total operating and administrative expenses | $4,756,452 |
| Contributions, gifts, grants paid | $4,473,458 |
| Total expenses and disbursements | $9,229,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $369,996 |
| Savings and temporary cash investments | $3,586,876 |
| 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 | $15,952,076 |
| Investments—mortgage loans | $0 |
| Investments—other | $46,442,078 |
| Net Land, buildings, and equipment | $15,366,071 |
| Other assets | $223,530 |
| Total assets | $130,879,590 |
| Accounts payable and accrued expenses | $317,729 |
| 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 | $372,645 |
| Total liabilities | $690,374 |
Grants Awarded
Over the last fiscal year, Elizabeth Morse Genius Foundation has awarded $4,473,458 in support to 71 organizations.
| Grant Recipient | Amount |
|---|---|
A GIFT FOR TEACHING PURPOSE: LEARNING KITS AND ARTS PROGRAM | $50,000 |
ALBIN POLASEK MUSEUM AND SCULPTURE GARDENS PURPOSE: SEMINOLEART EXHIBITION SUPPORT | $10,000 |
AMERICAN HARP SOCIETY PURPOSE: SUPPORT CONCERT SERIES | $5,000 |
BOYS AND GIRLS CLUBS OF CENTRAL FLORIDA PURPOSE: SUPPORT FOR W SANFORD AND LEE BRANCHES | $6,000 |
BACH FESTIVAL SOCIETY PURPOSE: HIGH SCHOOL CHORAL PROGRAM/PLANNING SUPPORT | $82,000 |
CANINE COMPANIONS FOR INDEPENDENCE PURPOSE: SUPPORT OF SERVICE TEAM PLACEMENT | $26,000 |