Morrison Center Endowment Foundation Inc
- Assets
- $11.6m
- Revenue
- $853.2k
- Investments
- $11.5m
- Employees
- 0
- Location
- Boise, ID
- Founding
- 11/1983
- Data as of
- 12/2023
- EIN
- 82-0381185
Organization Overview
Morrison Center Endowment Foundation Inc is located in Boise, ID. The organization was established in 1983. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morrison Center Endowment Foundation Inc 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, Morrison Center Endowment Foundation Inc generated $853.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $911.5k during the year ending 12/2023. While expenses have increased by 5.1% per year over the past 9 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 2015, Morrison Center Endowment Foundation Inc has awarded 148 individual grants totaling $10,151,698. 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 |
|---|---|---|---|
Drake Shannon Secretary | 1 | $0 | |
Michelle M Bauer Director | 1 | $2,000 | |
Mary B Smith Director | 1 | $2,000 | |
Bonnie Wilkerson Director | 1 | $12,000 | |
Scott M Hayes Director | 1 | $2,000 | |
Eugene D Heil Director | 1 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $398,938 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $454,253 |
| Capital Gain Net Income | $454,253 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $853,191 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $709 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,406 |
| Total operating and administrative expenses | $57,520 |
| Contributions, gifts, grants paid | $854,010 |
| Total expenses and disbursements | $911,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,627 |
| 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 | $11,464,520 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,611,147 |
| 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, Morrison Center Endowment Foundation Inc has awarded $1,104,610 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BOISE STATE UNIVERSITY - MORRISON CENTER PURPOSE: TO SUPPORT FINE AND PERFORMING ARTS WITHIN THE COMMUNITY BY SUBSIDIZING PERFORMANCES AT THE MORRISON CENTER. | $43,300 |
BOISE MUSIC WEEK PURPOSE: TO SUPPORT FINE AND PERFORMING ARTS WITHIN THE COMMUNITY BY SUBSIDIZING PERFORMANCES AT THE MORRISON CENTER. | $104,400 |
BALLET IDAHO PURPOSE: TO SUPPORT FINE AND PERFORMING ARTS WITHIN THE COMMUNITY BY SUBSIDIZING PERFORMANCES AT THE MORRISON CENTER. | $245,600 |
BOISE PHILHARMONIC PURPOSE: TO SUPPORT FINE AND PERFORMING ARTS WITHIN THE COMMUNITY BY SUBSIDIZING PERFORMANCES AT THE MORRISON CENTER. | $215,000 |
WASSMUTH CENTER FOR HUMAN RIGHTS PURPOSE: TO SUPPORT FINE AND PERFORMING ARTS WITHIN THE COMMUNITY BY SUBSIDIZING PERFORMANCES AT THE MORRISON CENTER. | $11,440 |
THE LOG CABIN LITERARY CENTER INC PURPOSE: TO SUPPORT FINE AND PERFORMING ARTS WITHIN THE COMMUNITY BY SUBSIDIZING PERFORMANCES AT THE MORRISON CENTER. | $33,200 |