Mary Lane Morrison Foundation Inc
- Assets
- $2.2m
- Revenue
- $169.1k
- Investments
- $2.2m
- Employees
- 0
- Location
- Savannah, GA
- Founding
- 10/1995
- Data as of
- 12/2022
- EIN
- 58-2173256
Organization Overview
Mary Lane Morrison Foundation Inc is located in Savannah, GA. The organization was established in 1995. 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. Mary Lane Morrison 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, Mary Lane Morrison Foundation Inc generated $169.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $174.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Mary Lane Morrison Foundation Inc has awarded 95 individual grants totaling $542,951. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Reynolds Morrison President | 1 | $0 | |
Mary Morrison Moore Secretary | 1 | $0 | |
Timothy Temple Moore Assistant Secretary | 1 | $0 | |
Camille Warnell Morrison Assistant Treasurer | 1 | $0 | |
Howard J Morrison III Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25 |
| Dividends & Interest | $44,892 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $119,490 |
| Capital Gain Net Income | $119,490 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,736 |
| Total Revenue | $169,143 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,345 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $37,248 |
| Contributions, gifts, grants paid | $137,126 |
| Total expenses and disbursements | $174,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2 |
| Savings and temporary cash investments | $54,389 |
| 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 | $2,179,456 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,233,847 |
| 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, Mary Lane Morrison Foundation Inc has awarded $137,126 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
SOCIETY OF THE CINCINNATI PURPOSE: EDUCATIONAL | $250 |
SAINT VINCENT'S ACADEMY ATHLETIC ASSOC PURPOSE: GENERAL | $826 |
NATIONAL MUSEUM MIGHTY EIGHTH PURPOSE: EDUCATIONAL | $800 |
CHEROKEE COMMUNITY FOUNDATION PURPOSE: EDUCATIONAL | $1,000 |
SAVANNAH MUSIC FESTIVAL PURPOSE: GENERAL | $1,250 |
HISTORIC SAVANNAH FOUNDATION PURPOSE: EDUCATIONAL | $2,500 |