Morrow Memorial Home Foundation Inc
- Assets
- $1.0m
- Revenue
- $41.4k
- Investments
- $987.4k
- Employees
- 0
- Location
- Sparta, WI
- Founding
- 12/1989
- Data as of
- 12/2022
- EIN
- 39-1619246
Organization Overview
Morrow Memorial Home Foundation Inc is located in Sparta, WI. The organization was established in 1989. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Morrow Memorial Home Foundation Inc 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, Morrow Memorial Home Foundation Inc generated $41.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $71.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOSTER AND SUPPORT THE ACTIVITIES AND MISSION OF MORROW MEMORIAL HOME FOR THE AGED
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS ESTABLISHED TO FOSTER AND SUPPORT THE ACTIVITIES AND MISSION OF MORROW MEMORIAL HOME FOR THE AGED ALONG WITH THE PARKVIEW INDEPENDENT APARTMENTS, MARYCREST ASSISTED-LIVING FACILITY, CREEKSIDE ASSISTED LIVING FACILITY, BRIDGEPATH ASSISTED LIVING, AND OTHER COMMUNITY ORGANIZATIONS AND SERVICES. SOME OF THE PROGRAMS THE FOUNDATION SUPPORTED FOR MORROW MEMORIAL HOME FOR THE AGED WERE: 1) ELISE TURNER EDUCATION ENHANCEMENT PROGRAM SUPPORTING EMPLOYEES TO FURTHER THEIR PROFESSIONAL EDUCATION, 2) GENEVA BEGG RESIDENT ENHANCEMENT FUND SUPPORTING NONBUDGETED RESIDENT CARE ITEMS, 3) DOROTHY HUFF CARE ASSURANCE PROGRAM SUPPORTING RESIDENT PRIVATE LIVING ARRANGEMENTS, 4) PAULINE MCKEAN PARISH NURSE PROGRAM SUPPORTING AREA PARISH NURSING PROGRAM, 6) OTHER PROJECTS SUCH AS WISH LIST/ACTIVITY FUND, CHRISTMAS FUND, AND DEVELOPMENT FUND SUPPORTING THE REMODELING AND/OR CONSTRUCTION OF ELDERLY CARE MINISTRIES. THE FOUNDATION ALSO SUPPORTS OTHER COMMUNITY ORGANIZATIONS SUCH AS THE CEMETERY ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darrell Zietlow Chairman | OfficerTrustee | 0.5 | $0 |
Denise Halverson Vice Chairman | OfficerTrustee | 0.5 | $0 |
Pete Foss Board Liason | Trustee | 0.5 | $0 |
Dan Arndt Director | Trustee | 0.5 | $0 |
Wes Revels Director | Trustee | 0.5 | $0 |
Pat Clark Director | Trustee | 0.5 | $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 | $33,160 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,160 |
| Total Program Service Revenue | $0 |
| Investment income | $8,289 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,449 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,860 |
| Grants and other assistance to domestic individuals. | $16,694 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,835 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $71,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,226 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $987,394 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,007,620 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,007,620 |
| Net assets with donor restrictions | $0 |
| 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 | $1,007,620 |