Joella And Stewart Morris Foundation
- Assets
- $7.8m
- Revenue
- $2.3m
- Investments
- $1.9m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 08/2000
- Data as of
- 12/2021
- 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 12/2021, Joella And Stewart Morris Foundation generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.0% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 29.4% 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 2020, Joella And Stewart Morris Foundation has awarded 14 individual grants totaling $5,560,946. 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
2021
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 |
|---|---|---|---|
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 |
Glenn Clements Jr Chief Financial Officer | Officer | 0.5 | $0 |
Stanley Williams Trustee | Trustee | 0.12 | $0 |
Archie Dunham 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 | $1,200,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,200,000 |
| Total Program Service Revenue | $0 |
| Investment income | $178,571 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $903,222 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,281,793 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,662,146 |
| 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 | $1,000 |
| Fees for services: Accounting | $3,215 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $93,785 |
| 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 | $1,162 |
| All other expenses | $0 |
| Total functional expenses | $1,782,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $395,246 |
| Savings and temporary cash investments | $301,696 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,168,611 |
| Investments—other securities | $1,928,519 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,794,072 |
| 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 | $7,794,072 |
| 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 | $7,794,072 |
Grants Awarded
Over the last fiscal year, Joella And Stewart Morris Foundation has awarded $1,662,146 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Houston, TX PURPOSE: SUPPORT COST OF BUILDING ON UNIVERSITY CAMPUS | $1,000,000 |
Houston, TX PURPOSE: SUPPORT COST OF BUILDING ON HOSPITAL CAMPUS | $200,000 |
Houston, TX PURPOSE: GENERAL SUPPORT - RELIGIOUS ACTIVITIES | $118,750 |
Houston, TX PURPOSE: GENERAL SUPPORT - MEDICAL | $118,750 |
Houston, TX PURPOSE: GENERAL SUPPORT - EDUCATION | $118,750 |
Lexington, VA PURPOSE: MAINTENANCE AND RENOVATION COSTS OF BUILDING ON CAMPUS | $59,375 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Centerpoint Energy Foundation Inc Houston, TX | $70,813,659 | $24,292,942 |
The Cullen Foundation Houston, TX | $278,005,765 | $19,628,625 |
Union General Hospital Farmerville, LA | $25,999,661 | $20,373,665 |
Karakin Foundation Abilene, TX | $132,653,937 | $29,351,833 |
Fore Kids Foundation Inc Avondale, LA | $11,128,381 | $16,554,167 |
Addy Foundation Dallas, TX | $79,281,983 | $6,993,780 |
Willard And Pat Walker Charitable Foundation Inc Fayetteville, AR | $353,155,323 | $36,054,174 |
Stanley E Fulton Family Foundation Dallas, TX | $203,743,171 | -$10,523,305 |
Srb Charitable Corporation Fort Worth, TX | $75,222,672 | $6,910,443 |
Jay Pritzker Foundation Houston, TX | $33,789,125 | $2,840,542 |
Greehey Family Foundation San Antonio, TX | $169,607,829 | $20,192,503 |
Eula Mae And John Baugh Foundation Jersey Village, TX | $172,592,135 | $27,686,076 |