Morrissette Family Foundation Inc
- Assets
- $3.5m
- Revenue
- $353.8k
- Investments
- $3.4m
- Employees
- 0
- Location
- Springfield, VA
- Founding
- 09/1997
- Data as of
- 12/2022
- EIN
- 54-1851621
Organization Overview
Morrissette Family Foundation Inc is located in Springfield, VA. The organization was established in 1997. 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. Morrissette Family 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, Morrissette Family Foundation Inc generated $353.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $326.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Morrissette Family Foundation Inc has awarded 496 individual grants totaling $1,604,458. 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 |
|---|---|---|---|
John D Morrissette Director | 0.25 | $0 | |
Donald J Morrissette President/director | 0.25 | $0 | |
Kenneth Morrissette Secretary/treasurer/direct | 0.25 | $0 | |
Arthur E Morrissette IV Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $122,686 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $231,163 |
| Capital Gain Net Income | $231,163 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $353,849 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,792 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $41,547 |
| Contributions, gifts, grants paid | $284,864 |
| Total expenses and disbursements | $326,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $37,333 |
| 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 | $334,851 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,452,442 |
| 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, Morrissette Family Foundation Inc has awarded $284,864 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
AFSP NATIONAL CAPITAL AREA CHAPTER PURPOSE: GENERAL PURPOSE | $2,500 |
ANNE ARUNDEL MEDICAL CENTER FOUNDATION PURPOSE: GENERAL PURPOSE | $30,000 |
ALAN F WOHLSTETTER SCHOLARSHIP FUND PURPOSE: GENERAL PURPOSE | $3,000 |
HONOR AND REMEMBER PURPOSE: GENERAL PURPOSE | $3,000 |
HOPE FOR THE DAY PURPOSE: GENERAL PURPOSE | $2,000 |
HUMAN RIGHTS CAMPAIGN FOUNDATION PURPOSE: GENERAL PURPOSE | $1,000 |