Colonel Robert H Morse Foundation
- Assets
- $1.5m
- Revenue
- $75.0k
- Investments
- $1.4m
- Employees
- 0
- Location
- Beloit, WI
- Founding
- 11/1943
- Data as of
- 12/2022
- EIN
- 39-6092711
Organization Overview
Colonel Robert H Morse Foundation is located in Beloit, WI. The organization was established in 1943. 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. Colonel Robert H Morse 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, Colonel Robert H Morse Foundation generated $75.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.2%) each year. All expenses for the organization totaled $105.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Colonel Robert H Morse Foundation has awarded 32 individual grants totaling $245,382. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie D Wetter President | 1 | $0 | |
Tom Finley Director | 1 | $0 | |
D Richard Barder Director | 1 | $0 | |
Nancy Boutelle Director | 1 | $0 | |
Keith Kruse Director | 1 | $0 | |
Jim Fisher Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,236 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $44,799 |
| Capital Gain Net Income | $44,799 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $75,035 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,205 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,501 |
| Total operating and administrative expenses | $24,998 |
| Contributions, gifts, grants paid | $80,319 |
| Total expenses and disbursements | $105,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,679 |
| 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 | $1,433,691 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,470,370 |
| 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, Colonel Robert H Morse Foundation has awarded $80,319 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
HEALTHNET OF ROCK COUNTY INC PURPOSE: PROGRAM SUPPORT | $2,500 |
BELOIT MEALS ON WHEELS PURPOSE: PROGRAM SUPPORT | $15,000 |
CARITAS PURPOSE: PROGRAM SUPPORT | $15,000 |
SECOND HARVEST FOODBANK PURPOSE: PROGRAM SUPPORT | $9,219 |
JUNIOR ACHIEVEMENT OF WI INC PURPOSE: PROGRAM SUPPORT | $1,250 |
STATELINE LITERACY COUNCIL PURPOSE: PROGRAM SUPPORT | $5,500 |