Morrison Foundation Trust 1700 E Iron
- Assets
- $3.4m
- Revenue
- $58.4k
- Investments
- $3.2m
- Employees
- 0
- Location
- Salina, KS
- Founding
- 10/1985
- Data as of
- 05/2023
- EIN
- 48-6268660
Organization Overview
Morrison Foundation Trust 1700 E Iron is located in Salina, KS. The organization was established in 1985. 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. Morrison Foundation Trust 1700 E Iron 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 05/2023, Morrison Foundation Trust 1700 E Iron generated $58.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $289.1k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Morrison Foundation Trust 1700 E Iron has awarded 118 individual grants totaling $696,850. 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
EXPENSES RELATED TO EVALUATION OF RESULTS OF COMMUNITY NEEDS ASSESSMENTS AND REVIEW OF ORGANIZATIONS THAT MEET THE FOUNDATION'S CRITERIA FOR A GRANT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Morrison Trustee | 0.5 | $0 | |
Jeffrey Morrison Trustee | 0.25 | $0 | |
Mindy Morrison Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $20,266 |
| Dividends & Interest | $62,067 |
| Net Rental Income | $39,626 |
| Net Gain on Sale of Assets | -$81,098 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,520 |
| Total Revenue | $58,381 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,798 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,808 |
| Total operating and administrative expenses | $44,049 |
| Contributions, gifts, grants paid | $245,100 |
| Total expenses and disbursements | $289,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $87,923 |
| 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 | $43,811 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $321,422 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $25,996 |
| Total assets | $3,374,738 |
| 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, Morrison Foundation Trust 1700 E Iron has awarded $245,100 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: FOR USE IN CHARITABLE ACTIVITIES | $1,000 |
ANGEL COVERS PURPOSE: FOR USE IN CHARITABLE ACTIVITIES | $1,000 |
ASHBY HOUSE PURPOSE: FOR USE IN CHARITABLE ACTIVITIES | $1,000 |
BIG BROTHERSBIG SISTERS PURPOSE: FOR USE IN CHARITABLE ACTIVITIES | $1,000 |
CENTRAL KANSAS FOUNDATION PURPOSE: FOR USE IN CHARITABLE ACTIVITIES | $1,000 |
CORONADO AREA COUNCIL BOY SCOUTS OF AMERICA PURPOSE: FOR USE IN CHARITABLE ACTIVITIES | $1,000 |