Harry W Morrison Foundation Inc
- Assets
- $19.6m
- Revenue
- $3.6m
- Investments
- $16.3m
- Employees
- 0
- Location
- Boise, ID
- Founding
- 08/1953
- Data as of
- 12/2023
- EIN
- 82-6008111
Organization Overview
Harry W Morrison Foundation Inc is located in Boise, ID. The organization was established in 1953. 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. Harry W Morrison 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, Harry W Morrison Foundation Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 8.0% per year over the past 8 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Daly Director | 4 | $12,000 | |
Judith V Roberts Vice-President | 4 | $12,000 | |
Bonnie Wilkerson Secretary | 4 | $12,000 | |
Anna Daly Director | 4 | $10,000 | |
Justin Wilkerson President & CEO | 15 | $24,000 | |
Janae Wilkerson Director | 4 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $142,388 |
| Interest on Savings | $512 |
| Dividends & Interest | $329,391 |
| Net Rental Income | $398,983 |
| Net Gain on Sale of Assets | $2,473,689 |
| Capital Gain Net Income | $2,473,689 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,586,174 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $80,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,250 |
| Depreciation | $53,858 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $221,195 |
| Total operating and administrative expenses | $397,566 |
| Contributions, gifts, grants paid | $970,200 |
| Total expenses and disbursements | $1,367,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $436,446 |
| Savings and temporary cash investments | $170,134 |
| 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 | $59,495 |
| Net Investments - land, buildings, equipment | $2,235,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,830,342 |
| Net Land, buildings, and equipment | $151 |
| Other assets | $385,430 |
| Total assets | $19,570,822 |
| Accounts payable and accrued expenses | $177 |
| 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 | $177 |
Grants Awarded
Over the last fiscal year, Harry W Morrison Foundation Inc has awarded $120,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BOISE STATE UNIVERSITY PURPOSE: ENGINEERING SCHOLARSHIP | $20,000 |
BOYS AND GIRL CLUB OF ADA COUNTY PURPOSE: 3 YEAR ANNUAL PLEDGE | $100,000 |