Clarence H Morrison Charitable Trust
- Assets
- $4.8m
- Revenue
- $509.5k
- Investments
- $4.7m
- Employees
- 0
- Location
- Oneonta, NY
- Founding
- 02/1997
- Data as of
- 07/2024
- EIN
- 16-6429037
Organization Overview
Clarence H Morrison Charitable Trust is located in Oneonta, NY. The organization was established in 1997. 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. Clarence H Morrison Charitable Trust 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 07/2024, Clarence H Morrison Charitable Trust generated $509.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $372.4k during the year ending 07/2024. While expenses have increased by 1.5% per year over the past 8 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 2015, Clarence H Morrison Charitable Trust has awarded 108 individual grants totaling $2,782,040. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO 12 FOUNDATIONS OR NON-PROFIT ENTITIES AS DIRECTED BY THE WILL OF CLARENCE H. MORRISON TO ASSIST WITH PHILANTHROPIC ACTIVITIES.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $38,929 |
| Interest on Savings | $0 |
| Dividends & Interest | $217,307 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $253,260 |
| Capital Gain Net Income | $253,260 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $509,496 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $58,201 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,173 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $64,374 |
| Contributions, gifts, grants paid | $307,977 |
| Total expenses and disbursements | $372,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,150 |
| Savings and temporary cash investments | $128,087 |
| 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 | $4,683,128 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,812,365 |
| 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, Clarence H Morrison Charitable Trust has awarded $307,977 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
LEATHERSTOCKING COUNCIL OF BOY SCOUTS IN PURPOSE: DISTRIBUTION OF INCOME | $25,665 |
C H GRAHAM HOSE COMPANY PURPOSE: DISTRIBUTION OF INCOME | $25,665 |
FIRST BAPTIST CHURCH PURPOSE: DISTRIBUTION OF INCOME | $25,665 |
HARTWICK COLLEGE PURPOSE: DISTRIBUTION OF INCOME | $12,832 |
FUTURE FOR ONEONTA FOUNDATION PURPOSE: DISTRIBUTION OF INCOME | $12,832 |
ONEONTA BOYS & GIRLS CLUB INC PURPOSE: DISTRIBUTION OF INCOME | $12,832 |