Michael B Morrow Foundation is located in Katy, TX. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Michael B Morrow Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Michael B Morrow Foundation has awarded 75 individual grants totaling $651,293. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Marlene Stirl Director | 1 | $1,475 | |
John W Morrow III Director | 1 | $300 | |
Kellye Babin Director | 1 | $300 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $58,817 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | -$44,231 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $14,586 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $2,075 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $1,354 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $0 |
Total operating and administrative expenses | $15,859 |
Contributions, gifts, grants paid | $73,000 |
Total expenses and disbursements | $88,859 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $83,470 |
Net Accounts receivable | $1,728 |
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 | $960 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $1,431,655 |
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 |
Over the last fiscal year, Michael B Morrow Foundation has awarded $73,000 in support to 9 organizations.
Grant Recipient | Amount |
---|---|
CENTRAL TEXAS FOOD BANK INC PURPOSE: UNRESTRICTED DONATION | $4,400 |
GREATER WACO LEGAL SERVICES PURPOSE: UNRESTRICTED DONATION | $5,275 |
LUTHERAN OUTDOORS MINISTRY OF TEXAS INC PURPOSE: UNRESTRICTED DONATION | $5,275 |
MOBILE LOAVES AND FISHES INC PURPOSE: UNRESTRICTED DONATION | $5,275 |
MYFRIENDS FOUNDATION PURPOSE: UNRESTRICTED DONATION | $16,350 |
PARTNERS IN HOPE PURPOSE: UNRESTRICTED DONATION | $5,275 |