Morro Bay Charitable Foundation
- Assets
- $45.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Morro Bay, CA
- Founding
- 12/1953
- Data as of
- 09/2022
- EIN
- 73-1652766
Organization Overview
Morro Bay Charitable Foundation is located in Morro Bay, CA. The organization was established in 1953. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Morro Bay Charitable 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 09/2022, Morro Bay Charitable Foundation generated $10.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $12.1k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (10.3%) per year over the past 7 years. 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 |
|---|---|---|---|
Shary Goulart President | 2 | $0 | |
Ruby Waldhelm Secretary | 2 | $0 | |
Lynn Cronin-Ballou Vice President | 2 | $0 | |
Delynn Guttry Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $970 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $359 |
| Gain or Loss | $191 |
| Net Income from Gaming & Fundraising | $8,788 |
| Other Revenue | $0 |
| Total Revenue | $10,308 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $350 |
| Occupancy, rent, utilities, and maintenance | $27 |
| Printing, publications, postage, and shipping | $84 |
| Other expenses | $11,620 |
| Total expenses | $12,081 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $45,082 |
| Other assets | $0 |
| Total assets | $45,082 |
| Total liabilities | $0 |
| Net assets or fund balances | $45,082 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Morro Bay Charitable Foundation has recieved totaling $125.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $125 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James G Boswell Foundation Pasadena, CA | $149,317,114 | $5,540,300 |
Dj And T Foundation San Marino, CA | $47,605 | $2,666,565 |
Terasaki Family Foundation Los Angeles, CA | $55,847,762 | $8,456,920 |
The Green Foundation Pasadena, CA | $146,510,073 | $6,369,927 |
Winifred Stevens Foundation Tempe, AZ | $145,980,607 | $5,750,312 |
Smidt Foundation Beverly Hills, CA | $297,009,974 | $102,197,850 |
Arizona Sheet Metal Trade Trust Fund Phoenix, AZ | $16,953,948 | $8,730,285 |
Baker Street Foundation San Francisco, CA | $111,419,700 | $19,294,792 |
Pivotal Foundation Phoenix, AZ | $29,461,930 | $23,938,101 |
Fletcher Jones Foundation Pasadena, CA | $171,018,850 | $2,557,259 |
Angell Foundation Los Angeles, CA | $118,335,921 | $5,741,529 |
Ben And Catherine Ivy Foundation Scottsdale, AZ | $302,350,252 | $12,975,372 |