Morrison Knudsen Foundation Inc
- Assets
- $9.8m
- Revenue
- $1.3m
- Investments
- $9.8m
- Employees
- 0
- Location
- Boise, ID
- Founding
- 03/1992
- Data as of
- 12/2021
- 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 12/2021, Morrison Knudsen Foundation Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $504.8k during the year ending 12/2021. While expenses have increased by 5.7% 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 15 individual grants totaling $1,577,385. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTANCE TO APPROXIMATELY 200 NEEDY INDIVIDUALS - FOR LIVING EXPENSES SUCH AS RENT UTILITIES AUTO AND MEDICAL. LARGEST PAYMENT WAS $15,900 WITH AN AVERAGE PAYMENT OF $1,721.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marlene Puckett Executive Director Secretary Director & Administrator | 40 | $106,500 | |
Frank Finlayson Director | 1 | $0 | |
Mary Ann Arnold President & Director | 1 | $0 | |
Karen Ogden Director | 1 | $0 | |
Matthew Reece Director | 1 | $0 | |
Robert Hartley Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50 |
| Interest on Savings | $4 |
| Dividends & Interest | $1,127,714 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $162,492 |
| Capital Gain Net Income | $162,492 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,290,260 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $106,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $8,637 |
| Interest | $0 |
| Taxes | $8,156 |
| Depreciation | $0 |
| Occupancy | $14,288 |
| Travel, conferences, and meetings | $120 |
| Printing and publications | $144 |
| Other expenses | $9,289 |
| Total operating and administrative expenses | $153,034 |
| Contributions, gifts, grants paid | $351,783 |
| Total expenses and disbursements | $504,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,193 |
| 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 | $9,834,826 |
| 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 $351,783 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ASSISTANCE TO NEEDY INDIVIDUALS PURPOSE: GENERAL LIVING ASSISTANTCE - HOUSING UTILITIES AUTO AND MEDICAL | $321,808 |
Boise, ID PURPOSE: GENERAL SUPPORT | $6,500 |
Boise, ID PURPOSE: RACE TO ROBIE CREEK HALF MARATHON SUPPORT | $6,000 |
THE SALVATION ARMY PURPOSE: CHRISTMAS PROGRAMS SUPPORT | $5,850 |
ST LUKE'S CHILDREN'S HOSPITAL PURPOSE: KID FOR A NIGHT ANNUAL FUNDRAISER SUPPORT | $5,250 |
Philadelphia, PA PURPOSE: GENERAL SUPPORT TO HELP END HOMELESSNESS | $2,375 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amazonsmile Foundation Seattle, WA | $32,322,159 | $94,115,479 |
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Gates Philanthropy Partners Seattle, WA | $58,428,866 | $30,155,547 |
Paul G Allen Family Foundation Seattle, WA | $0 | $45,218,114 |
Dennis R Washington Foundation Inc Missoula, MT | $1,024,973,213 | $135,352,040 |
Friday Foundation Medina, WA | $32,805,393 | $16,602 |
Jon And Karen Huntsman Foundation Salt Lake City, UT | $0 | $68,260,311 |
J A & Kathryn Albertson Foundation Inc Boise, ID | $0 | $34,850,275 |
Skip Viragh Foundation Inc Reno, NV | $289,471,217 | $23,635,241 |
Intel Foundation Hillsboro, OR | $50,440,341 | $47,262 |
George S Eccles And Delores Dore Eccles Foundation Salt Lake City, UT | $0 | $176,040,595 |