Newth & Claudia Morris Foundation
- Assets
- $3.0m
- Revenue
- $89.7k
- Investments
- $3.0m
- Employees
- 0
- Location
- Laguna Beach, CA
- Founding
- 03/2017
- Data as of
- 12/2023
- EIN
- 81-4684585
Organization Overview
Newth & Claudia Morris Foundation is located in Laguna Beach, CA. The organization was established in 2017. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Newth & Claudia 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 12/2023, Newth & Claudia Morris Foundation generated $89.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $228.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Newth & Claudia Morris Foundation has awarded 47 individual grants totaling $466,005. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur N Morris IV Trustee | 1 | $0 | |
Claudia M Villamizar Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $63,547 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$30,540 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $56,735 |
| Total Revenue | $89,742 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,079 |
| Total operating and administrative expenses | $27,079 |
| Contributions, gifts, grants paid | $201,005 |
| Total expenses and disbursements | $228,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,650 |
| 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 | $2,994,312 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,995,962 |
| 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, Newth & Claudia Morris Foundation has awarded $201,005 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
COLORADO SCHOOL OF MINES FOUNDATION PURPOSE: TO SUPPORT THE ORGANIZATION'S PROGRAMS | $40,000 |
DISABLED SPORTS EASTERN SIERRA PURPOSE: TO SUPPORT THE ORGANIZATION'S PROGRAMS | $2,500 |
EASTER SEALS CALIFORNIA PURPOSE: TO SUPPORT THE ORGANIZATION'S PROGRAMS | $35,000 |
HIS HEART MISSIONS PURPOSE: TO SUPPORT THE ORGANIZATION'S PROGRAMS | $30,000 |
JF SHEA THERAPEUTIC RIDING CENTER PURPOSE: TO SUPPORT THE ORGANIZATION'S PROGRAMS | $5,000 |
LAGUNA BEACH WATER POLO FOUNDATION PURPOSE: TO SUPPORT THE ORGANIZATION'S PROGRAMS | $2,500 |