Ralph K Morris Foundation
- Assets
- $457.2k
- Revenue
- $53.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 08/2006
- Data as of
- 12/2021
- EIN
- 41-1981038
Organization Overview
Ralph K Morris Foundation is located in Minneapolis, MN. The organization was established in 2006. According to its NTEE Classification (D12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ralph K Morris 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 12/2021, Ralph K Morris Foundation generated $53.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $52.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE RALPH K. MORRIS FOUNDATION PROVIDES DEVELOPMENT AND LEADERSHIP OPPORTUNITIES FOR EMERGING LEADERS EXPRESSING AN INTEREST IN APPLYING AND ADVANCING THE PRINCIPLES OF COOPERATION, AND IN PROMOTING FARMLAND PRESERVATION, LAND STEWARDSHIP AND SUSTAINABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S PRINCIPAL ACTIVITY HAS BEEN, THROUGH ITS RALPH K. MORRIS FOUNDATION COOPERATIVE LEADERSHIP FUND, TO PROVIDE FINANCIAL SUPPORT, IN THE FORM OF SCHOLARSHIPS, TO HELP COVER COSTS ASSOCIATED WITH TRAINING, PROFESSIONAL DEVELOPMENT AND EDUCATIONAL PROGRAMS FOR EMERGING COOPERATIVE LEADERS EXPRESSING AN INTEREST IN APPLYING AND ADVANCING THE PRINCIPALS OF COOPERATION, AND IN PROMOTING FARMLAND PRESERVATION, LAND STEWARDSHIP AND SUSTAINABILITY. THE SCHOLARSHIPS ARE PRIMARILY INTENDED FOR STUDENTS OR INDIVIDUALS WHO DO NOT HAVE SUBSTANTIAL EXPERIENCE IN WORKING FOR COOPERATIVES; SCHOLARSHIPS ARE GENERALLY NOT MADE TO INDIVIDUALS WITH EXTENSIVE COOPERATIVE INDUSTRY EXPERIENCE. IN 2021, THE FOUNDATION AWARDED SUCH SCHOLARSHIPS TO 11 INDIVIDUALS IN THE AGGREGATE AMOUNT OF 12,650. IN ADDITION, THE FOUNDATION MADE GRANTS TO 4 OTHER ORGANIZATIONS. IN THE AGGREGATE AMOUNT OF $25,200 TO SUPPORT THEIR EDUCATIONAL ACTIVITIES RELATING TO COOPERATIVES, PRIMARILY TO FUND INDIVIDUAL SCHOLARSHIPS TO ATTEND EDUCATIONAL CONFERENCES.
THE FOUNDATION SPONSORS THE ANNUAL TOM LYON LEADERSHIP SYMPOSIUM, WHICH IS OPEN WITHOUT CHARGE TO ALL PEOPLE INTERESTED IN COOPERATIVE LEADERSHIP. SYMPOSIUM ATTENDEES INCLUDE MEMBERS OF THE COOPERATIVE NETWORK AND PREVIOUS SCHOLARSHIP RECIPIENTS, WHO RECEIVE SPECIAL INVITATIONS TO ATTEND. IN 2021, THE SYMPOSIUM WAS HELD VIRTUALLY ON MARCH 31, 2021.
THROUGH ITS ELROY WEBSTER COOOPERATIVES STUDIES FUND, THE FOUNDATION ALSO AWARDS $2,500 AND $1,000 SCHOLARSHIPS ANNUALLY TO ONE OR MORE INDIVIDUALS PURSUING A MASTER'S, DOCTORAL OR LAW DEGREE TO PURSUE A CAREER IN COOPERATIVES OR AGRICULTURE. IN 2021, ONE SUCH SCHOLARSHIP GRANTS WERE MADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Nilsestuen Vice Chairman | OfficerTrustee | 1 | $0 |
William J Nelson Chairman | OfficerTrustee | 5 | $0 |
David Swanson Treasurer | OfficerTrustee | 1 | $0 |
Bill Berry Director | Trustee | 1 | $0 |
Cathy Statz Director | Trustee | 1 | $0 |
Shari Wormwood Director | Trustee | 1 | $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 | $30,789 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,789 |
| Total Program Service Revenue | $0 |
| Investment income | $22,926 |
| 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 | $53,715 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,200 |
| Grants and other assistance to domestic individuals. | $13,650 |
| 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 | $7,254 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,870 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,137 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $657 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $360 |
| 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 | $52,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,085 |
| Savings and temporary cash investments | $36,695 |
| 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 | $389,402 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $457,182 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $457,182 |
| 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 | $457,182 |
Grants Awarded
Over the last fiscal year, Ralph K Morris Foundation has awarded $25,200 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: SCHOLARSHIPS | $7,700 |
Indianapolis, IN PURPOSE: SCHOLARSHIPS | $7,500 |
Indianapolis, IN PURPOSE: SCHOLARSHIPS | $5,000 |
COOPERATION WORKS PURPOSE: SCHOLARSHIPS | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ralph K Morris Foundation has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Cooperative Development Foundation Washington, DC PURPOSE: Cooperative Leadership Scholarships | $10,000 |
Chs Foundation Inver Grove Heights, MN PURPOSE: ELROY WEBSTER COOPERATIVE STUDIES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stray Dog Support Inc Kewaskum, WI | $102,169 | $397,699 |
Minnesota Veterinary Medical Foundation South St Paul, MN | $1,610,554 | $317,114 |
Saola Foundation Milwaukee, WI | $192,791 | $313,978 |
Milton S Olson Small Animal Benefit Foundation Williston, ND | $2,383,479 | $312,828 |
Emma Loves Dogs Inc Hartland, WI | $61,104 | $144,195 |
Give Back Wisconsin Corp Greendale, WI | $20,976 | $0 |
Deshazer Wildlife Charitable Tr Milwaukee, WI | $1,082,696 | $78,963 |
Miccio Foundation Iowa City, IA | $1,003,434 | $71,148 |
Ralph K Morris Foundation Minneapolis, MN | $457,182 | $53,715 |
Council Of Contributors Inc Brooklyn Park, MN | $58,931 | $0 |
Bite Size Vegan Iowa City, IA | $60,523 | $69,336 |
Select Charity Horse Association Cedar Falls, IA | $2,625 | $3,369 |