Morningstar Foundation
- Assets
- $291.7k
- Revenue
- $71.8k
- Investments
- $263.7k
- Employees
- 0
- Location
- Skokie, IL
- Founding
- 09/1995
- Data as of
- 12/2022
- 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 12/2022, Morningstar Foundation generated $71.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.6% each year . All expenses for the organization totaled $177.6k during the year ending 12/2022. 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 |
|---|---|---|---|
Christine C Frisch Secretary | 0.2 | $0 | |
Larah Kent Tannenbaum Director | 0.1 | $0 | |
Thomas A Korman Secretary | 0.1 | $0 | |
Paul A Kent Treasurer | 0.2 | $0 | |
Frances B Kent President | 1.75 | $0 | |
Katherine May Madden Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $59,750 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,161 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,844 |
| Capital Gain Net Income | $8,844 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $71,755 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $458 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,428 |
| Contributions, gifts, grants paid | $176,200 |
| Total expenses and disbursements | $177,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,043 |
| 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 | $263,692 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $291,735 |
| 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 $176,200 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE WETLANDS INITIATIVE PURPOSE: TO ADVANCE WETLAND RESTORATION | $4,000 |
NEW FOUNDATION OF HOPE PURPOSE: TEST | $6,000 |
NORTHWESTERN UNIVERSITY PURPOSE: GRANTS FOR ADVANCEMENT OF STUDENTS | $166,200 |