Morrison Family Foundation Tr
- Assets
- $1.7m
- Revenue
- $36.4k
- Investments
- $1.7m
- Employees
- 0
- Location
- New Providence, NJ
- Founding
- 01/2001
- Data as of
- 12/2022
- EIN
- 22-6870673
Organization Overview
Morrison Family Foundation Tr is located in New Providence, NJ. The organization was established in 2001. 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. Morrison Family Foundation Tr 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 12/2022, Morrison Family Foundation Tr generated $36.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $187.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Morrison Family Foundation Tr has awarded 119 individual grants totaling $1,104,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James C Morrison President | 4 | $0 | |
Katherine Morrison Secretary | 4 | $0 | |
Thomas P Morrison Vice President Finance | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,312 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,074 |
| Capital Gain Net Income | $31,074 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $36,386 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $187,100 |
| Total expenses and disbursements | $187,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $1,678,975 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,678,975 |
| 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, Morrison Family Foundation Tr has awarded $187,100 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
BRIDGES OUTREACH PURPOSE: BRIDGES ENDS HOMELESSNESS THROUGH ASSISTING IN HEALTH, HOUSING AND INDEPENDENCE.FEEDING AND SERVICING THE POOR | $3,000 |
CHATHAM EDUCATION FOUNDATION PURPOSE: EDUCATIONAL EXCELLENCE IN THE SCHOOL DISTRICT THROUGH PARENT AND COMMUNITY INVOLVEMENT | $1,000 |
CHATHAM PERFORMING ARTS BOOSTERS PURPOSE: PROVIDES FINANCIAL AND HANDS ON PARENT VOLUNTEER SUPPORT FOR PROGRAM ACTIVITIES | $1,000 |
CHATHAM EMERGENCY SQUAD PURPOSE: SERVICES THE CHATHAMS AND NEIGHBORING COMMUNITIES THROUGH MUTUAL AID ASSISTANCE. | $1,000 |
COMMUNITY ASSOCIATION OF NEW PROVIDENCE PURPOSE: DEDICATED TO AREAS NEEDY RESIDENTS | $5,000 |
COMMUNITY FOOD BANK PURPOSE: FOOD FOR THE NEEDYFOOD DISTRIBUTION TO THE NEEDYFOOD DISTRIBUTION TO THE NEEDYFOOD DISTRIBUTION TO THE NEEDYFOOD DISTRIBUTION TO THE NEEDY | $50,000 |