Morris Foundation Inc
- Assets
- $12.2m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Glenville, WV
- Founding
- 05/2007
- Data as of
- 12/2021
- EIN
- 20-5509111
Organization Overview
Morris Foundation Inc is located in Glenville, WV. The organization was established in 2007. 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. Morris 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, Morris Foundation Inc generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 45.3% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 25.4% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
THE FOUNDATION ENGAGES DIRECTLY IN THE ACTIVE CONDUCT OF CHARITABLE, ADDITIONAL CONSTRUCTION AND OPERATION OF A SPORTS COMPLEX FOR USE OF THE COMMUNITY OF GLENVILLE. THIS SPORTS AND RECREATION COMPLEX BRINGS STATE OF THE ART FACILITIES AND EQUIPMENT TO A POOR, DEPRESSED APPPALACIAN COMMUNITY IN CENTRAL WEST VIRGINIA. IT IS UTLILIZED BY YOUTH LEAGUES FROM ALL OF WEST VIRGINIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ike Morris Vice President | 2.5 | $0 | |
Marc Monteleone Secretary | 2.5 | $0 | |
Betty Morris President | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,545,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $82,466 |
| Net Rental Income | $1,200 |
| Net Gain on Sale of Assets | $111,258 |
| Capital Gain Net Income | $111,258 |
| Net ST Capital Gain | $11,369 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $38,943 |
| Other Income | $2,192,570 |
| Total Revenue | $3,971,437 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $118,565 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,948 |
| Depreciation | $406,233 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $150,061 |
| Total operating and administrative expenses | $687,807 |
| Contributions, gifts, grants paid | $1,546,500 |
| Total expenses and disbursements | $2,234,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,230,119 |
| 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 | $69,924 |
| Inventories for sale or use | $250 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $5,443,752 |
| Other assets | $5,497,272 |
| Total assets | $12,241,317 |
| 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 | $91,345 |
| Other liabilities | $1,316 |
| Total liabilities | $92,661 |
Grants Awarded
Over the last fiscal year, Morris Foundation Inc has awarded $1,546,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Glenville, WV PURPOSE: SPORTS FUNDING | $1,226,500 |
WVU FOUNDATION PURPOSE: SPORTS FUNDING | $220,000 |
WVU CHILDREN'S HOSPITAL PURPOSE: PICU DONATION | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |