Morris Family Foundation Inc
- Assets
- $601.2k
- Revenue
- $76.8k
- Investments
- $549.4k
- Employees
- 0
- Location
- Coconut Grove, FL
- Founding
- 06/1997
- Data as of
- 12/2021
- EIN
- 65-0740464
Organization Overview
Morris Family Foundation Inc is located in Coconut Grove, FL. 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. Morris 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 12/2021, Morris Family Foundation Inc generated $76.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 45.0% each year . All expenses for the organization totaled $82.9k during the year ending 12/2021. While expenses have increased by 2.5% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abbey Chase Palgon Pres/dir | 2 | $6,000 | |
Charles Benwitt Director | 2 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,176 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $62,146 |
| Capital Gain Net Income | $62,146 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $480 |
| Total Revenue | $76,802 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $903 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,996 |
| Printing and publications | $0 |
| Other expenses | $29,336 |
| Total operating and administrative expenses | $46,235 |
| Contributions, gifts, grants paid | $36,645 |
| Total expenses and disbursements | $82,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $51,856 |
| 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 | $601,219 |
| 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, Morris Family Foundation Inc has awarded $36,645 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
STATEMENT B PURPOSE: CHARITABLE DONATIONS | $22,175 |
STATEMENT C PURPOSE: CHARITABLE DONATIONS | $14,470 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Ds Foundation Miami, FL | $183,651,055 | $1,385,395 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
Altec-Styslinger Foundation Inc Birmingham, AL | $128,305,509 | $25,360,360 |
Elizabeth Morse Genius Foundation Winter Park, FL | $145,557,522 | $11,233,005 |
Daniel Foundation Of Alabama Birmingham, AL | $125,925,900 | $11,135,386 |
Daniel E Offutt Iii Charitable Tr Sarasota, FL | $1,076,359 | $6,500,161 |
BBVA Foundation Birmingham, AL | $0 | $7,925,433 |
E G Watkins Family Foundation West Palm Beach, FL | $3,784,813 | $11,500,184 |
The Anita James Rosen Foundation Inc St Petersburg, FL | $5,834,282 | $31,742 |
Peterffy Foundation West Palm Beach, FL | $132,920,946 | $11,657,366 |