Morgenthaler Foundation
- Assets
- $42.5m
- Revenue
- $2.5m
- Investments
- $681.5k
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1999
- Data as of
- 11/2023
- EIN
- 34-7065666
Organization Overview
Morgenthaler Foundation is located in New York, NY. The organization was established in 1999. 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. Morgenthaler 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 11/2023, Morgenthaler Foundation generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 60.1% each year . All expenses for the organization totaled $2.1m during the year ending 11/2023. While expenses have increased by 38.0% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Morgenthaler Trustee | 10 | $0 | |
Gaye Elizabeth Morgenthaler-Jones Trustee | 10 | $0 | |
Todd W Morgenthaler Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,225 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,940,835 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $557,325 |
| Capital Gain Net Income | $557,325 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$61 |
| Total Revenue | $2,511,324 |
| 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 | $7,409 |
| Total operating and administrative expenses | $29,614 |
| Contributions, gifts, grants paid | $2,025,000 |
| Total expenses and disbursements | $2,054,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,133 |
| Savings and temporary cash investments | $41,726,107 |
| 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 | $280,484 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $42,453,712 |
| 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, Morgenthaler Foundation has awarded $2,025,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CASE WESTERN RESERVE UNIVERSITY PURPOSE: GENERATOR BUSINESS PLAN COMPETITION | $25,000 |
CLEVELAND CLINIC PURPOSE: UNRESTRICTED GRANT | $350,000 |
GLADSTONE INSTITUTES PURPOSE: UNRESTRICTED GRANT | $1,500,000 |
MIT UNIVERSITY PURPOSE: UNRESTRICTED GRANT | $150,000 |