Joseph James Morelli Legacy Foundation
- Assets
- $295.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Park City, UT
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 83-1939846
Organization Overview
Joseph James Morelli Legacy Foundation is located in Park City, UT. The organization was established in 2019. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Joseph James Morelli Legacy 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 12/2021, Joseph James Morelli Legacy Foundation generated $199.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (13.1%) each year. All expenses for the organization totaled $137.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIP AWARDS AND MENTORING TO STUDENTS WITH DYSLEXIA. DURING THE YEAR, THE FOUNDATION PROVIDED SCHOLARSHIPS TO 45 STUDENTS ATTENDING VARIOUS U.S. EDUCATIONAL INSTITUTIONS AND INITIATED A PEER TO PEER MENTORING PROGRAM FOR 10 STUDENTS THIS YEAR.
SCHOLARSHIP AWARDS AND MENTORING TO STUDENTS WITH DYSLEXIA. DURING THE YEAR, THE FOUNDATION PROVIDED SCHOLARSHIPS TO 45 STUDENTS ATTENDING VARIOUS U.S. EDUCATIONAL INSTITUTIONS AND INITIATED A PEER TO PEER MENTORING PROGRAM FOR 10 STUDENTS THIS YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert B Mercer Secretary | 3 | $0 | |
Dr Barbara W Morelli President | 20 | $0 | |
Kay Priestly Treasurer | 4 | $0 | |
Marcy Abate Vice Preside | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $197,408 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,903 |
| Gain or Loss | $336 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $199,647 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $15,726 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,236 |
| Other expenses | $14,393 |
| Total expenses | $137,442 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $291,592 |
| Other assets | $0 |
| Total assets | $295,217 |
| Total liabilities | $430 |
| Net assets or fund balances | $294,787 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Joseph James Morelli Legacy Foundation has recieved totaling $114,125.
| Awarding Organization | Amount |
|---|---|
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $30,972 |
Sorenson Legacy Foundation Midvale, UT PURPOSE: GENERAL CHARITABLE PURPOSES | $30,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $22,500 |
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $20,000 |
Promontory Foundation Park City, UT PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
K K C Foundation Park City, UT PURPOSE: EDUCATION ENHANCEMENT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
Alliance For Choice In Education Greenwood Village, CO | $60,249,872 | $34,038,450 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
The Rogers Foundation Las Vegas, NV | $98,020,626 | $8,861,096 |
Flinn Foundation Phoenix, AZ | $285,130,665 | $13,331,134 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Brophy Community Foundation Phoenix, AZ | $21,931,888 | $12,402,402 |
J F Maddox Foundation Hobbs, NM | $240,372,497 | $15,567,055 |