Joseph James Morelli Legacy Foundation
- Assets
- $469.2k
- Revenue
- $237.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Park City, UT
- Founding
- 07/2019
- Data as of
- 12/2023
- 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 12/2023, Joseph James Morelli Legacy Foundation generated $237.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $220.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE JOSEPH JAMES MORELLI LEGACY FOUNDATION HONORS JOSEPH'S SPIRIT, BY SUPPORTING HIGH SCHOOL AND COLLEGE STUDENTS DIAGNOSED WITH DYSLEXIA WHO ARE PLANNING TO PURSUE CAREERS IN STEM (SCIENCE, TECHNOLOGY, ENGINEERING, MATH) BY: 1. AWARDING SCHOLARSHIPS TO EASE THE FINANCIAL BURDEN OF EDUCATION AND RECOGNIZE ACHIEVEMENT 2. EMPOWERING OUR SCHOLARSHIP RECIPIENTS TO REALIZE THEIR POTENTIAL THROUGH THE MORELLI FOUNDATION MENTORING PROGRAM 3. CREATING A SENSE OF COMMUNITY IN WHICH OUR SCHOLARSHIP RECIPIENTS AND FAMILIES CAN FEEL SUPPORTED. THROUGH OUR PROGRAMS, WE CONVEY TO OUR SCHOLARSHIP RECIPIENTS THAT WE VIEW DYSLEXIA AS A LEARNING DIFFERENCE THAT CAN DRIVE THEM TO BE STRONGER, MORE DETERMINED, DEDICATED AND ABLE TO SHINE BRIGHTER, AS THEY LEARN TO BELIEVE IN THEMSELVES THE WAY WE BELIEVE IN THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP PROGRAM: THE FOUNDATION SUPPORTS YOUNG ADULTS WITH LEARNING DIFFERENCES BY AWARDING SCHOLARSHIPS TO COLLEGE STUDENTS WITH DYSLEXIA WHO WISH TO PURSUE A DEGREE IN A SCIENCE, TECHNOLOGY, ENGINEERING OR MATHEMATICS (STEM) FIELD. THE SCHOLARSHIP FUNDS CAN BE APPLIED TOWARDS TUITION, TESTING, TUTORING, ADAPTIVE SERVICES AND ACCOMMODATIONS. THE SCHOLARSHIP RECIPIENTS TELL US THAT THE SCHOLARSHIPS AND THE FOUNDATION'S OTHER PROGRAMS OFFER RECOGNITION AND VALIDATE THEIR STRUGGLES. IN 2023, THE FOUNDATION PROVIDED SCHOLARSHIPS TO 72 STUDENTS WITH DYSLEXIA ATTENDING VARIOUS U.S. EDUCATIONAL INSTITUTIONS.
MENTORING PROGRAM: THE PROGRAM PAIRS COLLEGE FRESHMEN WITH PEER MENTORS TO HELP THEM NAVIGATE THE CHALLENGES THAT COLLEGE PRESENTS, PARTICULARLY FOR STUDENTS WITH LEARNING DIFFERENCES. MENTORS ARE CURRENT OR FORMER SCHOLARSHIP RECIPIENTS, EITHER UPPERCLASSMEN OR RECENT GRADUATES. THE MENTORS SUPPORT THEIR MENTEES AND HELP EQUIP THEM WITH SKILLS THEY NEED TO CONFIDENTLY SUCCEED. THERE WERE 12 PAIRS OF STUDENTS IN THE SPRING SEMESTER AND 20 PAIRS IN THE FALL SEMESTER. THE PROGRAM IS EXPANDING TO PROVIDE ADDITIONAL SUPPORT AND GUIDANCE TO THE MENTORS.
EDUCATIONAL OUTREACH PROGRAM: THE PURPOSE OF THE PROGRAM IS TO EDUCATE AND INFORM ON THE NEEDS OF STUDENTS WITH LEARNING DISABILITIES SUCH AS DYSLEXIA, WHICH INCLUDES THE SUPPORT, ACCOMMODATIONS, AND RESOURCES THAT ARE NECESSARY. FAMILIES EVEN TODAY ARE STILL FIGHTING ACROSS THIS COUNTRY TO GET RESOURCES THAT ENABLE THEIR CHILDREN WITH LEARNING DISABILITIES TO GET THE ACCOMMODATIONS THEY ARE LEGALLY ENTITLED TO UNDER THE INDIVIDUALS WITH DISABILITIES EDUCATION ACT. THE FOUNDATION PARTNERS WITH LIKE-MINDED ORGANIZATIONS, PROVIDES SUPPORT AND PARTICIPATED IN EVENTS THAT EDUCATE AND PROMOTE AWARENESS OF THESE NEEDS. THE FOUNDATION ALSO HAS FOCUSED ON CREATING A SENSE OF COMMUNITY FOR THE SCHOLARSHIP RECIPIENTS AND FAMILIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Barbara Wirostko Morelli President | Officer | 20 | $0 |
Robert B Mercer Secretary | Officer | 3 | $0 |
Kay Priestly Treasurer | Officer | 4 | $0 |
Marcy Abate Vice Preside | Officer | 3 | $0 |
Anne Ivanhoe Vice Preside | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $222,703 |
| Noncash contributions included in lines 1a–1f | $59,879 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $222,703 |
| Total Program Service Revenue | $0 |
| Investment income | $13,019 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,883 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $237,605 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $133,072 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,435 |
| Advertising and promotion | $0 |
| Office expenses | $10,827 |
| Information technology | $914 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $648 |
| All other expenses | $696 |
| Total functional expenses | $220,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,675 |
| Savings and temporary cash investments | $406,682 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $506 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,367 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $469,230 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $469,230 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $469,230 |