Bellingrath-Morse Foundation
- Assets
- $109.6m
- Revenue
- $8.7m
- Investments
- $4.3m
- Employees
- 0
- Location
- Theodore, AL
- Founding
- 08/1951
- Data as of
- 12/2021
- EIN
- 63-6017803
Organization Overview
Bellingrath-Morse Foundation is located in Theodore, AL. The organization was established in 1951. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bellingrath-Morse Foundation 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 12/2021, Bellingrath-Morse Foundation generated $8.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $6.4m during the year ending 12/2021. While expenses have increased by 3.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Bellingrath-Morse Foundation has awarded 20 individual grants totaling $22,656,665. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FOR THE OPERATIONS AND MAINTENANCE OF BELLINGRATH GARDENS AND HOME FOR EDUCATION AND ENJOYMENT OF THE GENERAL PUBLIC AND TO PROVIDE CONTINUED SUPPORT FOR CERTAIN COLLEGES AND CHURCHES ALL AS PROVIDED IN THE ENTITY'S ORGANIZATIONAL DOCUMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF TOTAL RETURN DISTRIBUTABLE AMOUNT FROM TRUST TO TWO CHURCHES, THREE COLLEGES AND BELLINGRATH GARDENS & HOME FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen G Crawford Trustee | Trustee | 1 | $1,000 |
Walter Edgar Trustee | Trustee | 1 | $1,000 |
George Garzon Jr Trustee | Trustee | 1 | $1,000 |
Preston Bolt Chairman | Trustee | 1 | $1,000 |
Sidney Weinacker Secretary | Officer | 40 | $0 |
Name Not Listed Corp. Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $2,232,168 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,317,290 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,669,562 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,626,741 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $116,338 |
| Compensation of current officers, directors, key employees. | $116,338 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,468 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,211 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,401,796 |
| Fees for services: Accounting | $61,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $78,459 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $56,680 |
| All other expenses | $39 |
| Total functional expenses | $6,361,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,790,642 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $247,923 |
| Loans from Officers, Directors, or Controlling Persons | $2,008,192 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $98,160,171 |
| Investments—other securities | $4,250,731 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $134,955 |
| Total assets | $109,592,614 |
| Accounts payable and accrued expenses | $93,608 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $93,608 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $109,499,006 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $109,592,614 |
Grants Awarded
Over the last fiscal year, Bellingrath-Morse Foundation has awarded $4,619,541 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Memphis, TN PURPOSE: GENERAL SUPPORT | $2,111,790 |
Montgomery, AL PURPOSE: GENERAL SUPPORT | $1,055,895 |
Theodore, AL PURPOSE: OPERATIONAL SUPPORT | $923,908 |
Tuscaloosa, AL PURPOSE: GENERAL SUPPORT | $527,948 |
Endowment Analysis
| Beg. Balance | $103,745,042 |
| Earnings | $12,109,938 |
| Admin Expense | $1,729,233 |
| Grants | $4,626,741 |
| Ending Balance | $109,499,006 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Historical Society Inc Atlanta, GA | $186,882,791 | $33,828,707 |
Heritage South Community Cu Shelbyville, TN | $308,780,084 | $17,719,881 |
Fox Theatre Inc Atlanta, GA | $106,794,461 | $20,353,110 |
Vizcaya Museum And Gardens Trust Inc Miami, FL | $11,712,180 | $11,588,414 |
The Lodges At Banning Mills Retreat And Conservation Center Inc Whitesburg, GA | $8,373,902 | $8,117,551 |
Bellingrath-Morse Foundation Theodore, AL | $109,592,614 | $8,669,562 |
Thomas Edison And Henry Ford Winter Estates Inc Fort Myers, FL | $5,261,468 | $5,556,922 |
Atlanta Beltline Partnership Inc Atlanta, GA | $54,208,865 | $38,882,931 |
Roshan Institute Of Cultural Heritage Orlando, FL | $8,118,910 | $2,379,053 |
B J Palmer Historic Home Foundation Inc Marietta, GA | $0 | $2,223,386 |
Georgia Trust For Historic Preservation Inc Atlanta, GA | $16,904,162 | $2,663,570 |
Educopia Institute Inc Atlanta, GA | $2,468,472 | $2,053,368 |