Moran Foundation
- Assets
- $115.6k
- Revenue
- $13.6k
- Investments
- $2.6k
- Employees
- 0
- Location
- Hobbs, NM
- Founding
- 11/1992
- Data as of
- 03/2023
- EIN
- 85-0403383
Organization Overview
Moran Foundation is located in Hobbs, NM. 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. Moran 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 03/2023, Moran Foundation generated $13.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.3%) each year. All expenses for the organization totaled $20.0k during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (12.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Moran Foundation has awarded 97 individual grants totaling $335,732. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda A Moran Director/pres | 0.5 | $0 | |
Patricia Moran Jones Director/vice Pres | 0 | $0 | |
Kathleen A Moran Director/treas | 0.5 | $0 | |
Andrew J Moran Director | 0 | $0 | |
Kevin P Moran Director | 0 | $0 | |
Ellen M Moran Arvayo Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150 |
| Interest on Savings | $435 |
| Dividends & Interest | $848 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,138 |
| Capital Gain Net Income | $12,138 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,571 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,461 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,461 |
| Contributions, gifts, grants paid | $17,500 |
| Total expenses and disbursements | $19,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,142 |
| Savings and temporary cash investments | $82,864 |
| 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 | $3,049 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $115,614 |
| 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, Moran Foundation has awarded $17,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CAMP ST CHARLES PURPOSE: OPERATING FUNDS | $2,500 |
OUR LADY OF MOUNT CARMEL SCHOOL PURPOSE: GALA FUNDRAISER FOR OPERATING FUNDS | $2,500 |
ST HELENA CATHOLIC CHURCH PURPOSE: OPERATING FUND | $5,000 |
ST HELENA SCHOOL OF HOBBS PURPOSE: GENERAL OPERATING FUND | $5,000 |
ST PETER SCHOOL PURPOSE: 2022 ANNUAL FUND | $2,500 |