Morton Community Foundation
- Assets
- $9.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 3
- Location
- Morton, IL
- Founding
- 08/2000
- Data as of
- 06/2021
- EIN
- 37-1397503
Organization Overview
Morton Community Foundation is located in Morton, IL. The organization was established in 2000. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Morton Community Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morton Community 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 06/2021, Morton Community Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $688.8k during the year ending 06/2021. While expenses have increased by 9.6% per year over the past 6 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.
Since 2015, Morton Community Foundation has awarded 118 individual grants totaling $1,107,165. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE MORTON COMMUNITY FOUNDATION IS TO IMPROVE THE QUALITY OF LIFE FOR MORTON AREA RESIDENTS, NOW AND FOR GENERATIONS TO COME. WE DO THIS BY...BUILDING COMMUNITY ENDOWMENT; INVESTING IN OUR COMMUNITY THROUGH STRATEGIC GRANT MAKING; TURNING DONORS' CHARITABLE DREAMS INTO PERMANENT LEGACIES; AND PROVIDING LEADERSHIP TO IDENTIFY AND ADDRESS CHANGING COMMUNITY NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIMARY EFFORTS WERE INFORMATIONAL REGARDING INTENT TO ACCUMULATE A PERMANENT ENDOWMENT WITH ANNUAL GRANTS TO BENEFIT RESIDENTS OF THE MORTON AREA TO BE MADE FROM EARNINGS.
PRIMARY EFFORTS WERE INFORMATIONAL REGARDING INTENT TO ACCUMULATE A PERMANENT ENDOWMENT WITH ANNUAL GRANTS TO BENEFIT RESIDENTS OF THE MORTON AREA TO BE MADE FROM EARNINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Witzig Executive Director | Officer | 45 | $110,253 |
Barb Getz Treasurer | OfficerTrustee | 0 | $0 |
Jeff King Past President | Officer | 0 | $0 |
Sylvia Hasinger President | Officer | 0 | $0 |
Derek Floyd Vice President | Officer | 0 | $0 |
Kara Knepp Secretary | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,007,009 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,007,009 |
| Total Program Service Revenue | $0 |
| Investment income | $156,409 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $92,079 |
| Net Income from Fundraising Events | $32,495 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,380,357 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $387,725 |
| Grants and other assistance to domestic individuals. | $9,350 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $107,864 |
| Compensation of current officers, directors, key employees. | $43,146 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,230 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,121 |
| Payroll taxes | $9,723 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,967 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $97,246 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,943 |
| Information technology | $5,845 |
| Royalties | $0 |
| Occupancy | $15,544 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $600 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,786 |
| Insurance | $2,291 |
| All other expenses | $0 |
| Total functional expenses | $688,762 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $454,434 |
| Savings and temporary cash investments | $8,651,850 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,912 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $83,391 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,195,587 |
| Accounts payable and accrued expenses | $5,083 |
| Grants payable | $35,968 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $369,946 |
| Total liabilities | $410,997 |
| Net assets without donor restrictions | $2,268,014 |
| Net assets with donor restrictions | $6,516,576 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,195,587 |
Grants Awarded
Over the last fiscal year, Morton Community Foundation has awarded $404,706 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
RONALD MCDONALD HOUSE CENTRAL ILLINOIS PURPOSE: General Support | $20,875 |
RONALD MCDONALD HOUSE CENTRAL ILLINOIS PURPOSE: General Support | $20,875 |
SCHOLARSHIPS PURPOSE: General Support | $18,350 |
SCHOLARSHIPS PURPOSE: General Support | $18,350 |
BLESSED SACRAMENT SCHOOL PURPOSE: General Support | $13,620 |
BLESSED SACRAMENT SCHOOL PURPOSE: General Support | $13,620 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Morton Community Foundation has recieved totaling $94,301.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $56,561 |
Organization Name not Listed PURPOSE: TO IMPROVE THE QUALITY OF LIFE FOR MORTON AREA RESIDENTS | | $13,610 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $11,816 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $6,226 |
Share Foundation Peoria, IL PURPOSE: CHARITABLE | $5,000 |
Melvin R Baum Private Foundation Inc Frisco, TX PURPOSE: CHARITABLE | $1,000 |
Endowment Analysis
| Beg. Balance | $6,467,112 |
| Earnings | $1,768,247 |
| Net Contributions | $794,580 |
| Other Expense | $101,125 |
| Grants | $286,964 |
| Ending Balance | $8,651,850 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Milwaukee Foundation Inc Milwaukee, WI | $1,114,706,959 | $151,763,598 |
Thrivent Charitable Impact & Investing Appleton, WI | $809,708,853 | $138,812,775 |
Community Fdn Of Greater Des Moines Des Moines, IA | $756,930,676 | $144,988,273 |
Central Indiana Community Foundation Inc Indianapolis, IN | $548,109,976 | $56,175,018 |
Greater Green Bay Community Foundation Inc Green Bay, WI | $158,723,657 | $42,186,646 |
The Community Foundation Of Louisville Inc Louisville, KY | $675,486,716 | $70,628,491 |
Community Foundation For The Fox Valley Region Inc Appleton, WI | $500,269,949 | $60,999,391 |
Madison Community Foundation Madison, WI | $285,628,719 | $40,248,600 |
Elks National Foundation Inc Chicago, IL | $936,472,552 | $62,047,958 |
Community Foundation Of The Ozarks Inc Springfield, MO | $393,798,423 | $57,110,719 |
Community Foundation Of Elkhart County Inc Elkhart, IN | $418,149,768 | $41,619,440 |
Blue Grass Community Foundation Inc Lexington, KY | $132,271,880 | $24,051,212 |