William Morrison Trust
- Assets
- $419.7k
- Revenue
- $22.0k
- Investments
- $409.1k
- Employees
- 0
- Location
- Webster City, IA
- Founding
- 12/1971
- Data as of
- 12/2023
- EIN
- 42-6143759
Organization Overview
William Morrison Trust is located in Webster City, IA. The organization was established in 1971. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. William Morrison Trust 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, William Morrison Trust generated $22.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $28.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, William Morrison Trust has awarded 67 individual grants totaling $214,255. 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
NA
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $269 |
| Dividends & Interest | $21,625 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $75 |
| Capital Gain Net Income | $75 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,969 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,750 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $186 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,846 |
| Contributions, gifts, grants paid | $24,000 |
| Total expenses and disbursements | $28,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $823 |
| Savings and temporary cash investments | $9,737 |
| 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 | $419,650 |
| 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, William Morrison Trust has awarded $24,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ECUMENICAL HUMAN NEEDS PURPOSE: ASSISTANCE FUNDS | $10,000 |
ELDERBRIDGE AGENCY PURPOSE: ASSISTANCE FUNDS | $2,000 |
UPPER DES MOINES OPPORTUNITY PURPOSE: ASSISTANCE FUNDS | $4,000 |
WEBSTER CITY FIRE DEPARTMENT PURPOSE: ASSISTANCE FUNDS | $1,000 |
ALL CULTURES EQUAL PURPOSE: ASSISTANCE FUNDS | $1,500 |
WEBSTER CITY MEALS ON WHEELS PURPOSE: ASSISTANCE FUNDS | $2,500 |