Joella And Stewart Morris Foundation
- Assets
- $7.2m
- Revenue
- $2.2m
- Investments
- $1.2m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 08/2000
- Data as of
- 12/2022
- EIN
- 76-0632523
Organization Overview
Joella And Stewart Morris Foundation is located in Houston, TX. The organization was established in 2000. 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. Joella And Stewart Morris 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 12/2022, Joella And Stewart Morris Foundation generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $2.8m during the year ending 12/2022. While expenses have increased by 22.8% per year over the past 5 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 2020, Joella And Stewart Morris Foundation has awarded 21 individual grants totaling $8,260,946. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RECEIVE AND MAINTAIN FUNDS TO PROVIDE SUPPORT TO EXEMPT ORGANIZATIONS UNDER IRC SEC 501(C)(3).
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH FUNDS AND INCOME FROM SECURITIES HELD BY THIS ORGANIZATION, GIFTS TO FOUR SUPPORTED 501(C)(3) EXEMPT ORGANIZATIONS WERE MADE DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Archie Dunham Trustee | Trustee | 0.12 | $0 |
Stanley Williams Trustee | Trustee | 0.12 | $0 |
Stewart Morris Trustee And Chairman | OfficerTrustee | 0.25 | $0 |
Caralisa Simon Trustee And President | OfficerTrustee | 0.25 | $0 |
Carlotta Coffman Trustee And Secretary | OfficerTrustee | 0.25 | $0 |
Mary Currin Trustee | Trustee | 0.12 | $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 | $2,200,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,200,000 |
| Total Program Service Revenue | $0 |
| Investment income | $201,058 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$215,169 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,185,889 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,700,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,998 |
| Fees for services: Accounting | $4,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $84,059 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,035 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,000 |
| 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 | $3,322 |
| All other expenses | $0 |
| Total functional expenses | $2,816,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,573 |
| Savings and temporary cash investments | $361,636 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,489,680 |
| Investments—other securities | $1,179,543 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,163,432 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $7,163,432 |
| 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 | $7,163,432 |
Grants Awarded
Over the last fiscal year, Joella And Stewart Morris Foundation has awarded $2,700,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
HOUSTON CHRISTIAN UNIVERSITY PURPOSE: GENERAL SUPPORT - EDUCATION | $125,000 |
SECOND BAPTIST CHURCH PURPOSE: GENERAL SUPPORT - RELIGIOUS ACTIVITIES | $125,000 |
MEMORIAL HERMANN FOUNDATION PURPOSE: SUPPORT COST OF BUILDING ON HOSPTIAL CAMPUS | $200,000 |
WASHINGTON & LEE UNIVERSITY PURPOSE: MAINTENANCE AND RENOVATION COSTS OF BUILDING ON CAMPUS | $62,500 |
MEMORIAL HERMANN FOUNDATION PURPOSE: SUPPORT COST OF BUILDING ON HOSPITAL CAMPUS | $125,000 |
HOUSTON CHRISTIAN UNIVERSITY PURPOSE: SUPPORT COST OF BUILDING ON UNIVERSITY CAMPUS | $62,500 |