Morningstar Foundation
- Assets
- $397.6k
- Revenue
- $208.3k
- Investments
- $251.8k
- Employees
- 0
- Location
- Skokie, IL
- Founding
- 09/1995
- Data as of
- 12/2021
- EIN
- 36-3926901
Organization Overview
Morningstar Foundation is located in Skokie, IL. The organization was established in 1995. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morningstar 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, Morningstar Foundation generated $208.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 38.2% each year . All expenses for the organization totaled $31.1k during the year ending 12/2021. While expenses have increased by 18.4% 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 |
|---|---|---|---|
Larah Kent Tannenbaum Director | 0.1 | $0 | |
Thomas A Korman Asst Secy/di | 0.1 | $0 | |
Christine C Frisch Asst Secy/di | 0.2 | $0 | |
Paul A Kent Asst Secy/tr | 0.2 | $0 | |
Frances B Kent Pres/secy/di | 1.75 | $0 | |
Coleen Kent Karpf Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $175,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,422 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,835 |
| Capital Gain Net Income | $30,835 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $208,257 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $407 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,914 |
| Contributions, gifts, grants paid | $29,200 |
| Total expenses and disbursements | $31,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,762 |
| 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 | $251,846 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $397,608 |
| 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, Morningstar Foundation has awarded $29,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: TO ADVANCE WETLAND RESTORATION | $12,000 |
Evanston, IL PURPOSE: GRANTS FOR ADVANCEMENT OF STUDENTS | $10,000 |
Chicago, IL PURPOSE: GRANTS FOR STUDENT/FAMILY SUPPORT | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Directions Housing Corporation Louisville, KY | $27,737,851 | $9,868,214 |
Western Home Services Inc Cedar Falls, IA | $36,931,248 | $9,460,886 |
Chicago Metropolitan Housing Development Corporation Chicago, IL | $46,092,100 | $7,394,940 |
Partners For Community Development Inc Sheboygan, WI | $8,253,882 | $7,968,342 |
West Chicago Preservation Corp Chicago, IL | $9,151,204 | $2,715,959 |
Cedar Lake Residences Inc Louisville, KY | $2,301,086 | $7,918,008 |
Ahepa Affordable Housing Management Company Inc Fishers, IN | $29,875,447 | $8,886,631 |
Justine Petersen Housing And Reinvestment Corporation Saint Louis, MO | $49,338,747 | $7,649,655 |
Bridge Communities Inc Glen Ellyn, IL | $16,127,143 | $5,545,489 |
Appalachian Foothills Housing Agency Incorporated Wurtland, KY | $1,707,535 | $4,881,556 |
Housing Resources Inc Milwaukee, WI | $1,278,452 | $4,218,125 |
Single Room Housing Assistance Corporation Chicago, IL | $3,160,828 | $3,665,963 |