Morris Foundation Inc
- Assets
- $25.2m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Glenville, WV
- Founding
- 05/2007
- Data as of
- 12/2023
- 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 12/2023, Morris Foundation Inc generated $9.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 54.6% each year . All expenses for the organization totaled $2.7m during the year ending 12/2023. While expenses have increased by 24.9% 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 2020, Morris Foundation Inc has awarded 13 individual grants totaling $4,288,615. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
THE FOUNDATION ENGAGES DIRECTLY IN THE ACTIVE CONDUCT OF CHARITABLE COMMUNITY ACTIVITIES; INCLUDING 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 APPALACHIAN COMMUNITY IN CENTRAL WEST VIRGINIA. IT IS UTILIZED BY YOUTH LEAGUES FROM ALL OF WEST VIRGINIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ike Morris Director And Chairman | 2.5 | $25,000 | |
Betty Morris Director And President | 2.5 | $25,000 | |
Marc Monteleone Director And Secretary | 2.5 | $25,000 | |
Doug Morris Director And Vice President | 2.5 | $25,000 | |
Shelly Smith Director And Vice President | 2.5 | $25,000 | |
Sandra Pettit Director And Treasurer | 2.5 | $25,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,085,458 |
| Interest on Savings | $439,446 |
| Dividends & Interest | $151,832 |
| Net Rental Income | $3,305 |
| Net Gain on Sale of Assets | $817,737 |
| Capital Gain Net Income | $817,737 |
| Net ST Capital Gain | $170,975 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $57,820 |
| Other Income | $6,953,901 |
| Total Revenue | $9,509,499 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $175,000 |
| Other employee salaries and wages | $112,073 |
| Pension plans, employee benefits | $0 |
| Interest | $108 |
| Taxes | $213,207 |
| Depreciation | $355,309 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $184,981 |
| Total operating and administrative expenses | $1,059,894 |
| Contributions, gifts, grants paid | $1,647,049 |
| Total expenses and disbursements | $2,706,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $319,629 |
| Savings and temporary cash investments | $10,252,872 |
| 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 | $7,278 |
| 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 | $6,327,868 |
| Other assets | $8,337,559 |
| Total assets | $25,245,206 |
| 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 | $81,057 |
| Total liabilities | $81,057 |
Grants Awarded
Over the last fiscal year, Morris Foundation Inc has awarded $1,647,049 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
GLENVILLE STATE COLLEGE FOUNDATION PURPOSE: SPORTS FUNDING, SCHOLARSHIPS | $1,071,262 |
GLENVILLE STATE COLLEGE PURPOSE: PHYSICIAN ASSISTANT PROGRAM | $50,000 |
GILMER COUNTY HIGH SCHOOL PURPOSE: SPORTS FUNDING | $75,000 |
FIRST BAPTIST CHURCH OF GLENVILLE PURPOSE: CHURCH PROJECTS | $250,787 |
WEST VIRGINIA UNIVERSITY FOUNDATION PURPOSE: SPORTS FUNDING, OUTREACH FUND | $200,000 |