Marion Moore Foundation Inc
- Assets
- $6.2m
- Revenue
- $1.4m
- Investments
- $5.8m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 03/2004
- Data as of
- 12/2021
- EIN
- 20-0249695
Organization Overview
Marion Moore Foundation Inc is located in Charlotte, NC. The organization was established in 2004. 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. Marion Moore Foundation Inc 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 12/2021, Marion Moore Foundation Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.4% each year . All expenses for the organization totaled $786.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Marion Moore Foundation Inc has awarded 70 individual grants totaling $988,500. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John W Cross IV Chief Investment Officer | 40 | $255,000 | |
Lois Cross Willis President | 10 | $105,000 | |
Cynthia Page Cross Director | 10 | $105,000 | |
Alicia Cross Director | 10 | $10,000 | |
Malcolm Willis Director | 10 | $10,000 | |
Gracia T Willis Director | 10 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $181,223 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,188,434 |
| Capital Gain Net Income | $1,188,434 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,369,657 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $505,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $27,880 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $116,921 |
| Total operating and administrative expenses | $681,798 |
| Contributions, gifts, grants paid | $105,000 |
| Total expenses and disbursements | $786,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $377,400 |
| 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 | $200 |
| Total assets | $6,185,742 |
| 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, Marion Moore Foundation Inc has awarded $105,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ELS FOR AUTISM PURPOSE: TO AID THE ORGANIZATION IN DELIVERING AND FACILITATING PROGRAMS THAT ARE LEADING EXAMPLES OF WHAT CAN BE AVAILABLE TO PEOPLE WITH AUTISM SPECTRUM DISORDER. | $25,000 |
TUNNEL TO TOWERS FOUNDATION PURPOSE: TO AID THE ORGANIZATION IN HONORING THE SACRIFICE OF FIREFIGHTERS, POLICE, AND FIRST RESPONDERS OF 9/11 BY HELPING AMERICA'S HEROES BY PROVIDING MORTGAGE-FREE HOMES TO GOLD STAR AND FALLEN FIRST RESPONDER FAMILIES WITH YOUNG CHILDREN AND BY BUILDING CUSTOM-DESIGN SMART HOMES FOR CATASTROPHICALLY INJURED VETERANS. | $15,000 |
Miami, FL PURPOSE: TO AID THE ORGANIZATION IN CREATING ENRICHMENT PROGRAMS THAT USE A STUDENT-TEACHING-STUDENT MODEL TO ENSURE THAT MOTIVATED, UNDER-RESOURCED 5TH-12TH GRADE STUDENTS HAVE ACCESS TO EXCELLENT EDUCATIONAL OPPORTUNITIES, GRADUATE FROM HIGH SCHOOL ON TIME AND ATTEND COLLEGE. | $12,500 |
New York, NY PURPOSE: TO AID THE ORGANIZATION IN ENGAGING HIGH RISK, LOW INCOME STUDENTS (12-24) IN MULIT-YEAR CONTINUUM OF DESIGN-BASED PROGRAMS TO ENCOURAGE ACADEMIC ACHIEVEMENT, COLLEGE PREPARATION, JOB READINESS, AND COMMUNITY SERVICE. | $12,500 |
Greenwich, CT PURPOSE: TO AID THE ORGANIZATION IN OFFERING EDUCATION AND HUMAN SERVICES TO CHILDREN, ADULTS, AND FAMILIES AS WELL AS PROVIDE A WIDE RANGE OF RESPONSIVE AND INNOVATIVE PROGRAMS. | $10,000 |
BIG BROTHERS & BIG SISTERS PURPOSE: TO AID THE ORGANIZATION IN SUPPORTING A MENTORING NETWORK WHICH MAKES MEANINGFUL MONITORED MATCHES BETWEEN ADULT VOLUNTEERS AND CHILDREN IN COMMUNITIES ACROSS THE COUNTRY. CREATE AND SUPPORT ONE-TO-ONE MENTORING RELATIONSHIPS. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |