The information for the Morrow Family Foundation Inc is as of the organization's most recent filing in December '21. This organization is located in Mckinney, TX. It has been in existence for 14 years, following its founding in 2007.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Morrow Family Foundation Inc is a philanthropic organization classified under the NTEE code T20, which falls under the major classification of Philanthropy, Voluntarism & Grantmaking Foundations. As a private grantmaking foundation, the Morrow Family Foundation Inc is a nongovernmental, nonprofit organization that manages funds and programs through its own trustees or directors. Its primary purpose is to maintain or aid social, educational, religious, or other charitable activities that serve the common welfare, primarily through grantmaking. Additionally, the organization is governed by section code 3, which encompasses Religious, Educational, Charitable, Scientific, Literary, Testing for Public Safety, to Foster National or International Amateur Sports Competition, or Prevention of Cruelty to Children or Animals Organizations.
The organization's general fund is responsible for providing grants to various organizations, both local and international, that are organized as 501(c)(3) entities. These grants focus on promoting unity within the community, addressing issues related to poverty and children, supporting those affected by AIDS, providing disaster relief, supporting education initiatives, and assisting non-denominational religious organizations. The general fund also covers any additional revenues, support, and functional expenses that are not specifically reported by another fund or program.
Our dataset includes five years of grant history for the Morrow Family Foundation Inc. Over the course of these five years, they have awarded a total of 49 grants, with an average check size of $13,523. The foundation awards an average of 10 grants each year. The grants are distributed across various NTEE sectors, with the highest number of awards in the Food, Agriculture & Nutrition sector (6), followed by Health Care (4) and Education (3). When it comes to geographical distribution, the foundation primarily awards grants in Texas (40), with smaller numbers in New York (2), Arizona (1), Washington D.C. (1), Colorado (1), South Carolina (2), Virginia (1), and Florida (1).
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Luke N Morrow President/secretary/treasurer | 0 | $0 | |
Paul D Morrow Vice President/asst. Secretary | 0 | $0 | |
Susanna R Morrow Vice President/asst. Secretary | 0 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $4,753 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $194,565 |
Capital Gain Net Income | $194,565 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $32 |
Total Revenue | $199,350 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $67 |
Taxes | $111 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $21 |
Total operating and administrative expenses | $3,909 |
Contributions, gifts, grants paid | $538,500 |
Total expenses and disbursements | $542,409 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $7,191 |
Savings and temporary cash investments | $0 |
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 | $0 |
Total assets | $7,191 |
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 |
Over the last fiscal year, Morrow Family Foundation Inc has awarded $538,500 in support to 18 organizations.
Grant Recipient | Amount |
---|---|
Midland, TX PURPOSE: OPERATIONS | $60,000 |
Tampa, FL PURPOSE: OPERATIONS | $59,750 |
Midland, TX PURPOSE: OPERATIONS | $59,750 |
WATER MISSIONS INTERNATIONAL PURPOSE: OPERATIONS | $50,000 |
SALVATION ARMY PURPOSE: OPERATIONS | $50,000 |
San Juan, TX PURPOSE: OPERATIONS | $30,000 |
Organization Name | Assets | Revenue |
---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |