Morrison-Shearer Foundation
- Assets
- $7.5m
- Revenue
- $384.9k
- Investments
- $5.5m
- Employees
- 0
- Location
- Northbrook, IL
- Founding
- 01/1992
- Data as of
- 12/2021
- EIN
- 36-3783438
Organization Overview
Morrison-Shearer Foundation is located in Northbrook, IL. The organization was established in 1992. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morrison-Shearer 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 12/2021, Morrison-Shearer Foundation generated $384.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Morrison-Shearer Foundation has awarded 17 individual grants totaling $109,100. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF MUSEUM AND STUDIO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Lundius Executive Director | 8 | $29,167 | |
Tain Balfour Trustee - Part Time | 0 | $0 | |
Susan Bodine Bolea Trustee - Part Time | 0 | $0 | |
Toby Nicholson Director - Part Time | 0 | $0 | |
Sarah Rigdon Trustee - Part Time | 0 | $0 | |
Liz Kidera Trustee - Part Time | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $845 |
| Interest on Savings | $1 |
| Dividends & Interest | $168,416 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $214,690 |
| Capital Gain Net Income | $214,690 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $945 |
| Total Revenue | $384,897 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $29,167 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $10,992 |
| Taxes | $3,249 |
| Depreciation | $0 |
| Occupancy | $31,329 |
| Travel, conferences, and meetings | $11,247 |
| Printing and publications | $2,262 |
| Other expenses | $1,065,558 |
| Total operating and administrative expenses | $1,182,562 |
| Contributions, gifts, grants paid | $17,200 |
| Total expenses and disbursements | $1,199,762 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,390 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,380,655 |
| Other assets | $507,480 |
| Total assets | $7,463,772 |
| Accounts payable and accrued expenses | $18 |
| 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 | $1,010,904 |
| Total liabilities | $1,010,922 |
Grants Awarded
Over the last fiscal year, Morrison-Shearer Foundation has awarded $17,200 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: GENERAL PURPOSE | $15,000 |
Lake Forest, IL PURPOSE: SYBIL SHEARER FELLOWSHIP | $2,000 |
Chicago, IL PURPOSE: GENERAL PURPOSE | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gps Education Partners Inc Waukesha, WI | $3,399,978 | $6,380,793 |
Chicago Humanities Festival Chicago, IL | $20,433,533 | $6,135,727 |
The Independent Living Center Inc Joplin, MO | $6,998,222 | $3,154,564 |
Ashley For The Arts Ltd Arcadia, WI | $72,807 | $2,501,773 |
National Interscholastic Athletic Administrators Association Indianapolis, IN | $6,389,694 | $2,742,036 |
3arts Inc Chicago, IL | $12,078,620 | $2,551,186 |
Lunda Community Center Inc Black River Falls, WI | $21,403,243 | $624,709 |
Demolay International Kansas City, MO | $3,448,662 | $1,614,271 |
Kansas City Chapter Of Young Audiences Inc Kansas City, MO | $5,162,996 | $1,143,353 |
Bailey Foundation Saint Louis, MO | $926,334 | $1,827,354 |
Mainframe Studios Des Moines, IA | $8,963,700 | $1,124,336 |
Morrison-Shearer Foundation Northbrook, IL | $7,463,772 | $384,897 |