Morey Family Foundation Inc
- Assets
- $2.8m
- Revenue
- $304.2k
- Investments
- $2.4m
- Employees
- 0
- Location
- Naples, FL
- Founding
- 06/2004
- Data as of
- 12/2021
- EIN
- 20-0559815
Organization Overview
Morey Family Foundation Inc is located in Naples, FL. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Morey Family 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, Morey Family Foundation Inc generated $304.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $152.1k during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 7 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, Morey Family Foundation Inc has awarded 91 individual grants totaling $841,500. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald J Morey Dir/pres | 1 | $0 | |
Gregory D Morey Dir/v.p. | 1 | $0 | |
Brenda A Morey Dir/sec/treas | 1 | $0 | |
Jed R Morey Dir/v.p. | 1 | $0 | |
Tammy Morey Director | 1 | $0 | |
Eden Morey Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,988 |
| Dividends & Interest | $28,877 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $206,896 |
| Capital Gain Net Income | $206,896 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $65,438 |
| Total Revenue | $304,199 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $294 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,759 |
| Total operating and administrative expenses | $27,053 |
| Contributions, gifts, grants paid | $125,000 |
| Total expenses and disbursements | $152,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $185,538 |
| 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 | $471,584 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $265,957 |
| Total assets | $2,839,801 |
| 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, Morey Family Foundation Inc has awarded $125,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
NAPLES SHELTER FOR ABUSED WOMEN PURPOSE: CHARITABLE CONTRIBUTION TO GENERAL FUND | $25,000 |
ST JUDE CRH PURPOSE: CHARITABLE CONTRIBUTION TO GENERAL FUND | $25,000 |
Locust Valley, NY PURPOSE: CHARITABLE CONTRIBUTION TO GENERAL FUND | $25,000 |
ST FRANCIS HOSPITAL PURPOSE: CHARITABLE CONTRIBUTION TO GENERAL FUND | $25,000 |
New York, NY PURPOSE: CHARITABLE CONTRIBUTION TO GENERAL FUND | $10,000 |
NCH HEALTHCARE FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION TO GENERAL FUND | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
The Frederick A Deluca Foundation Inc Pompano Beach, FL | $724,648,898 | $109,039,821 |
Ted Arison Family Found Aventura, FL | $489,424,665 | $63,628,275 |
Arison Arts Foundation Coral Gables, FL | $423,071,215 | $88,937,143 |
Poses Family Foundation Miami Beach, FL | $501,022,398 | $55,408,716 |
Jim Moran Foundation Inc Deerfield Beach, FL | $191,270,194 | $47,763,594 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
Kovner Foundation Jupiter, FL | $0 | $19,441,586 |
Naples Children And Education Naples, FL | $64,560,487 | $12,642,425 |
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $232,510,515 | $23,555,348 |