Robert S Morrison Foundation
- Assets
- $11.8m
- Revenue
- $761.4k
- Investments
- $11.6m
- Employees
- 0
- Location
- Ashtabula, OH
- Founding
- 03/1973
- Data as of
- 12/2023
- EIN
- 23-7246162
Organization Overview
Robert S Morrison Foundation is located in Ashtabula, OH. The organization was established in 1973. 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. Robert S Morrison Foundation 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, Robert S Morrison Foundation generated $761.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 8.8% per year over the past 6 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, Robert S Morrison Foundation has awarded 240 individual grants totaling $5,832,219. 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 |
|---|---|---|---|
Louise M Raffa Co-President | 30 | $82,500 | |
Alec J Raffa Co-President | 2 | $0 | |
Thomas M Raffa Trustee | 2 | $0 | |
Robert M Raffa Trustee | 2 | $0 | |
Richard Rowley Trustee | 2 | $0 | |
Richard G Coblitz Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $420,448 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $340,934 |
| Capital Gain Net Income | $340,934 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $761,382 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $82,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31,468 |
| Depreciation | $576 |
| Occupancy | $17,239 |
| Travel, conferences, and meetings | $2,673 |
| Printing and publications | $0 |
| Other expenses | $47,480 |
| Total operating and administrative expenses | $242,812 |
| Contributions, gifts, grants paid | $1,525,488 |
| Total expenses and disbursements | $1,768,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,151 |
| Savings and temporary cash investments | $215,319 |
| 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 | $3,117,942 |
| Net Land, buildings, and equipment | $2,591 |
| Other assets | $0 |
| Total assets | $11,827,038 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $820,000 |
| 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 | $820,000 |
Grants Awarded
Over the last fiscal year, Robert S Morrison Foundation has awarded $1,525,488 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
AFTER SCHOOL DISCOVERY PURPOSE: GENERAL PURPOSE | $40,000 |
ASHTABULA ARTS CENTER FOUNDATION PURPOSE: GENERAL PURPOSE | $10,000 |
ASHTABULA COUNTY ANIMAL PROTECTIVE LEAUGE PURPOSE: GENERAL PURPOSE | $57,000 |
ASHTABULA COUNTY MEDICAL CENTER FOUNDATION PURPOSE: GENERAL PURPOSE | $155,000 |
ASHTABULA DOWNTOWN DEVELOPMENT ASSOCIATION PURPOSE: GENERAL PURPOSE | $500 |
ASHTABULA LITTLE LEAGUE PURPOSE: GENERAL PURPOSE | $14,000 |