Morley Foundation Mark Morley
- Assets
- $4.2m
- Revenue
- $289.7k
- Investments
- $4.1m
- Employees
- 0
- Location
- Saginaw, MI
- Founding
- 04/1949
- Data as of
- 12/2023
- EIN
- 38-6055569
Organization Overview
Morley Foundation Mark Morley is located in Saginaw, MI. The organization was established in 1949. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morley Foundation Mark Morley 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 12/2023, Morley Foundation Mark Morley generated $289.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $298.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Morley Foundation Mark Morley has awarded 554 individual grants totaling $1,722,067. 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
THE FOUNDATION DOES NOT CONDUCT CHARITABLE ACTIVITIES OR INCUR EXPENSES RELATIVE TO CHARITABLE ACTIVITIES, EXCEPT IN THE PERFORMANCE OF THE NECESSARY EVALUATION OF GRANTS
TO THE ORGANIZATION AS SET FORTH IN PART XV.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Morley Jr President | 40 | $35,685 | |
David Morley Vice Preside | 1 | $0 | |
Carol Morley Beck Vice Preside | 1 | $0 | |
Christine Black Secretary | 1 | $0 | |
Jonathan C Morley Trustee | 20 | $14,694 | |
Morley Anne Bland Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,261 |
| Dividends & Interest | $91,070 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $188,378 |
| Capital Gain Net Income | $188,378 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $289,709 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,379 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $6,479 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,627 |
| Printing and publications | $414 |
| Other expenses | $534 |
| Total operating and administrative expenses | $107,525 |
| Contributions, gifts, grants paid | $190,950 |
| Total expenses and disbursements | $298,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $116,656 |
| 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 | $0 |
| Total assets | $4,246,615 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $53,670 |
| 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 | $53,670 |
Grants Awarded
Over the last fiscal year, Morley Foundation Mark Morley has awarded $190,950 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
LACASA PURPOSE: EDUCATION | $500 |
LEGACY LAND CONSERVANCY PURPOSE: ENVIRONMENT | $200 |
MAJOR CHORDS FOR MINORS PURPOSE: EDUCATION | $10,500 |
KIRTLAND'S WARBLER ALLIANCE PURPOSE: EDUCATION | $1,000 |
LEUKEMIA AND LYMPHOMA SOCIETY PURPOSE: HEALTH | $250 |
MICHIGAN LEGACY ART PARK PURPOSE: ARTS | $500 |