Bernard A Morewitz Charitable Foundation
- Assets
- $3.3m
- Revenue
- $97.3k
- Investments
- $2.9m
- Employees
- 0
- Location
- Newport News, VA
- Founding
- 01/2003
- Data as of
- 12/2022
- EIN
- 27-0036715
Organization Overview
Bernard A Morewitz Charitable Foundation is located in Newport News, VA. The organization was established in 2003. 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. Bernard A Morewitz Charitable 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 12/2022, Bernard A Morewitz Charitable Foundation generated $97.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $117.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (15.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bernard A Morewitz Charitable Foundation has awarded 24 individual grants totaling $1,134,250. 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
2022
Describe the Organization's Program Activity:
CONTRIBUTION MADE TO UNITED JEWISH COMMUNITY ENDOWMENT FUND, INC. OF THE VIRGINIA PENINSULA TO ENHANCE ORGANIZATIONS CONSISTENT WITH ITS EXEMPT PURPOSE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
E D David President & | 0 | $0 | |
Howard F Smith Secretary | 0 | $0 | |
Irving B Goldstein Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,762 |
| Interest on Savings | $30,428 |
| Dividends & Interest | $39,741 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$17,702 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $41,060 |
| Total Revenue | $97,289 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,541 |
| Total operating and administrative expenses | $9,025 |
| Contributions, gifts, grants paid | $108,500 |
| Total expenses and disbursements | $117,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,203 |
| Savings and temporary cash investments | $348,422 |
| 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 | $61,800 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,271,962 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,286,522 |
| 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, Bernard A Morewitz Charitable Foundation has awarded $108,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED JEWISH COMMUNITY ENDOWMENT PURPOSE: SUPPORT JEWISH COMMUNITY | $105,000 |
UNITED JEWISH COMMUNITY PURPOSE: SUPPORT FOR UKRAIN | $500 |
UNITED JEWISH COMMUNITY PURPOSE: SUPPORT FOR UKRAIN | $2,500 |
LACKEY CLINIC PURPOSE: SUPPORT OF SERVICES TO THE UNINSURED | $500 |