Morrison Knudsen Foundation Inc
- Assets
- $10.2m
- Revenue
- $1.0m
- Investments
- $10.1m
- Employees
- 0
- Location
- Boise, ID
- Founding
- 03/1992
- Data as of
- 12/2022
- EIN
- 82-6005410
Organization Overview
Morrison Knudsen Foundation Inc is located in Boise, ID. The organization was established in 1992. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Morrison Knudsen 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 12/2022, Morrison Knudsen Foundation Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $674.3k during the year ending 12/2022. While expenses have increased by 7.6% per year over the past 4 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 2019, Morrison Knudsen Foundation Inc has awarded 32 individual grants totaling $2,041,135. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTANCE TO 224 NEEDY INDIVIDUALS FOR LIVING EXPENSES SUCH AS RENT, UTILITIES, AUTO AND MEDICAL EXPENSES. LARGEST PAYMENT WAS $7,750 WITH AN AVERAGE PAYMENT OF $1,891 ($423,400) PLUS RELATED ADMINISTRATIVE EXPENSES ($128,624).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Ann Arnold President & Director | 1 | $0 | |
Frank Finlayson Director | 1 | $0 | |
James Mccallum Director | 1 | $0 | |
Marlene Puckett Secretary, Exec. Director & Director | 40 | $101,500 | |
Robert Hartley Director | 1 | $0 | |
Karen L Ogden Treasurer & Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500 |
| Interest on Savings | $4 |
| Dividends & Interest | $217,023 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $790,138 |
| Capital Gain Net Income | $790,138 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,007,665 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $101,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $6,834 |
| Interest | $0 |
| Taxes | $61,890 |
| Depreciation | $0 |
| Occupancy | $12,720 |
| Travel, conferences, and meetings | $84 |
| Printing and publications | $551 |
| Other expenses | $6,130 |
| Total operating and administrative expenses | $210,562 |
| Contributions, gifts, grants paid | $463,750 |
| Total expenses and disbursements | $674,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,845 |
| Savings and temporary cash investments | $27,541 |
| 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 | $10,112,793 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,168,179 |
| 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 Knudsen Foundation Inc has awarded $463,750 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BACK ON MY FEET PURPOSE: GENERAL SUPPORT. | $1,000 |
ASSISTANCE TO NEEDY INDIVIDUALS PURPOSE: ASSISTANCE TO 224 NEEDY INDIVIDUALS FOR LIVING EXPENSES SUCH AS RENT, UTILITIES, AUTO AND MEDICAL EXPENSES. LARGEST PAYMENT WAS $7,750 WITH AN AVERAGE PAYMENT OF $1,891. | $423,400 |
BOISE STATE UNIVERSITY FOUNDATION INC PURPOSE: GENERAL SUPPORT. | $500 |
CALIFORNIA HIGH SCHOOL ACADEMIC BOOSTERS PURPOSE: GENERAL SUPPORT. | $350 |
FOUNDATION FOR IDAHO HISTORY PURPOSE: GENERAL SUPPORT. | $12,500 |
BOISE PUBLIC SCHOOLS EDUCATION FOUNDATION INC PURPOSE: GENERAL SUPPORT. | $1,000 |