Morrison-Shearer Foundation
- Assets
- $4.5m
- Revenue
- -$499.9k
- Investments
- $4.4m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 01/1992
- Data as of
- 12/2023
- EIN
- 36-3783438
Organization Overview
Morrison-Shearer Foundation is located in Chicago, 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.
Since 2016, Morrison-Shearer Foundation has awarded 26 individual grants totaling $661,850. 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
2023
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 |
|---|---|---|---|
Tain Balfour Trustee - Part Time | 0 | $0 | |
Susan Bodine Bolea Trustee - Part Time | 0 | $0 | |
Toby Nicholson Trustee - Part Time | 0 | $0 | |
Sarah Rigdon Trustee - Part Time | 0 | $0 | |
Alida Szabo President | 0 | $0 | |
Mary Sue Wheeler Secretary - Part Time | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,225 |
| Interest on Savings | $566 |
| Dividends & Interest | $97,315 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$601,550 |
| Capital Gain Net Income | $45,788 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,551 |
| Total Revenue | -$499,893 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $58,895 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $40,538 |
| Taxes | $1,540 |
| Depreciation | $0 |
| Occupancy | $11,084 |
| Travel, conferences, and meetings | $5,649 |
| Printing and publications | $536 |
| Other expenses | $34,377 |
| Total operating and administrative expenses | $183,883 |
| Contributions, gifts, grants paid | $511,050 |
| Total expenses and disbursements | $694,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,840 |
| 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 | $0 |
| Other assets | $19,870 |
| Total assets | $4,513,012 |
| 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 | $12 |
| Total liabilities | $12 |
Grants Awarded
Over the last fiscal year, Morrison-Shearer Foundation has awarded $511,050 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHICAGO FILM ARCHIVES PURPOSE: GENERAL PURPOSES | $15,000 |
CHICAGO DANCE HISTORY PROJECT PURPOSE: GENERAL PURPOSES | $10,000 |
THE RAGDALE FOUNDATION PURPOSE: GENERAL PURPOSES | $10,000 |
LINKS SOIREE PURPOSE: GENERAL PURPOSES | $1,050 |
NEWBERRY LIBRARY PURPOSE: GENERAL PURPOSES | $475,000 |