Glenn W & Hazelle Paxson Morrison Foundation Inc
- Assets
- $3.9m
- Revenue
- $189.6k
- Investments
- $3.8m
- Employees
- 0
- Location
- Lakeland, FL
- Founding
- 06/1983
- Data as of
- 06/2024
- EIN
- 59-2220612
Organization Overview
Glenn W & Hazelle Paxson Morrison Foundation Inc is located in Lakeland, FL. The organization was established in 1983. 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. Glenn W & Hazelle Paxson 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 06/2024, Glenn W & Hazelle Paxson Morrison Foundation Inc generated $189.6k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $296.6k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Glenn W & Hazelle Paxson Morrison Foundation Inc has awarded 475 individual grants totaling $1,776,538. 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 Attaway President / Director | 0.25 | $1,000 | |
Alice A Hunt Secretary / Director | 0.25 | $1,000 | |
Thomas E Conger Trustee | 0.25 | $1,000 | |
Virginia A Houghton Trustee | 0.25 | $1,000 | |
Ashley Link Trustee | 0.25 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,925 |
| Dividends & Interest | $110,107 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $73,526 |
| Capital Gain Net Income | $73,526 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $189,558 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $490 |
| Printing and publications | $0 |
| Other expenses | $1,420 |
| Total operating and administrative expenses | $77,597 |
| Contributions, gifts, grants paid | $219,000 |
| Total expenses and disbursements | $296,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,633 |
| Savings and temporary cash investments | $59,332 |
| 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 | $3,858,727 |
| 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, Glenn W & Hazelle Paxson Morrison Foundation Inc has awarded $219,000 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY PREP CENTER OF LAKELAND PURPOSE: GRANT | $5,000 |
ACHIEVEMENT ACADEMY PURPOSE: GRANT | $5,000 |
APPALACHIAN STATE UNIVERSITY PURPOSE: SCHOLARSHIP - JUANEL FIGUEROA-RIVAS | $3,250 |
AVE MARIA UNIVERSITY PURPOSE: SCHOLARSHIP - BLAISE BALLARD | $3,000 |
BALDWIN WALLACE UNIVERSITY PURPOSE: SCHOLARSHIP - JANIYAH MCALLISTER | $4,000 |
CEDARVILLE UNIVERSITY PURPOSE: SCHOLARSHIP - KAELAN BUCKMAN | $1,500 |