Margaret T Morris Foundation
- Assets
- $1.9m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Prescott, AZ
- Founding
- 02/1968
- Data as of
- 12/2023
- EIN
- 86-6057798
Organization Overview
Margaret T Morris Foundation is located in Prescott, AZ. The organization was established in 1968. 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. Margaret T Morris 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, Margaret T Morris Foundation generated $1.3m 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 (7.8%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Margaret T Morris Foundation has awarded 177 individual grants totaling $2,533,686. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas E Polk Trustee | 20 | $54,402 | |
John T Polk Trustee | 10 | $24,402 | |
Stephen W Polk Trustee | 10 | $24,402 | |
Eugene P Polk Executive Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,131,054 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $161,855 |
| Capital Gain Net Income | $161,855 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,292,909 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $103,206 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,037 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $127,193 |
| Contributions, gifts, grants paid | $1,423,552 |
| Total expenses and disbursements | $1,550,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,144 |
| Savings and temporary cash investments | $354,553 |
| 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 | $1,567,228 |
| Total assets | $1,927,925 |
| 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, Margaret T Morris Foundation has awarded $1,423,552 in support to 95 organizations.
| Grant Recipient | Amount |
|---|---|
ACT ONE FOUNDATION PURPOSE: VIRTUAL FIELD TRIP PROGRAM | $5,000 |
A NEW LEAF PURPOSE: GENERAL PURPOSES | $10,000 |
ARIZONA AUTISM UNITED PURPOSE: CURRICULUM | $5,000 |
ARIZONA CITIZENS FOR THE ARTS PURPOSE: GENERAL PURPOSES | $25,000 |
ARIZONA COWBOY POETS GATHERING PURPOSE: GENERAL PURPOSES | $10,000 |
ARIZONA CRISIS TEAM PURPOSE: VOLUTNEER PROGRAM | $10,000 |