Morris Foundation
- Assets
- $1.5m
- Revenue
- $58.8k
- Investments
- $1.5m
- Employees
- 0
- Location
- Cokato, MN
- Founding
- 11/2011
- Data as of
- 12/2022
- EIN
- 80-0706745
Organization Overview
Morris Foundation is located in Cokato, MN. The organization was established in 2011. According to its NTEE Classification (T21) the organization is classified as: Corporate 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 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, Morris Foundation generated $58.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $83.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Morris Foundation has awarded 30 individual grants totaling $223,185. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garth Asplin President | 0 | $0 | |
Bradley Morris Treasurer | 0 | $0 | |
Doug Lundeen Director | 0 | $0 | |
Mark Peterson Director | 0 | $0 | |
Mark Forsman Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,131 |
| Dividends & Interest | $40,857 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,810 |
| Capital Gain Net Income | $16,810 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $58,798 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $673 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $11,936 |
| Contributions, gifts, grants paid | $71,755 |
| Total expenses and disbursements | $83,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,361 |
| Savings and temporary cash investments | $0 |
| 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 | $1,488,649 |
| 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 Foundation has awarded $71,755 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ISD 466 SCHOOL DISTRICT PURPOSE: TO IMPROVE SCHOOL HOCKEY ARENA | $50,000 |
COKATO CORN CARNIVAL PURPOSE: TO SUPPORT LOCAL EVENT | $5,000 |
COKATO AMBULANCE PURPOSE: TO SUPPORT COMMUNITY AMBULANCE SERV | $3,745 |
COKATO DASSEL ROTARY PURPOSE: TO SUPPORT LOCAL SERVICE ORGANIZATIO | $2,000 |
DASSEL COKATO COMMUNITY EDUCATION PURPOSE: TO SUPPORT LOCAL EDUCATION | $510 |
KINGSTON LIONS PURPOSE: TO SUPPORT LOCAL FISHING CONTEST | $1,000 |