Hug Morenz Foundation For Media Literacy
- Assets
- $382.2k
- Revenue
- $23.5k
- Investments
- $333.3k
- Employees
- 0
- Location
- Covington, WA
- Founding
- Data as of
- 08/2023
- EIN
- 88-1382325
Organization Overview
Hug Morenz Foundation For Media Literacy is located in Covington, WA. 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. Hug Morenz Foundation For Media Literacy 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 08/2023, Hug Morenz Foundation For Media Literacy generated $23.5k in total revenue. All expenses for the organization totaled $174.3k during the year ending 08/2023.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE ACTIVITIES CONSIST OF PROVIDING FUNDING FOR OTHER ORGANIZATIONS WITH MISSIONS WITHIN THE FOUNDATIONS SCOPE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark A Morenz-Harbinger Executive Director | 13 | $0 | |
Debbie Morenz-Harbinger Director | 1 | $0 | |
Travis Morenz Director | 1 | $0 | |
Kyler Morenz Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,366 |
| Interest on Savings | $41 |
| Dividends & Interest | $10,613 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,577 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $25 |
| Total Revenue | $23,468 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $109 |
| Other expenses | $3,356 |
| Total operating and administrative expenses | $9,349 |
| Contributions, gifts, grants paid | $165,000 |
| Total expenses and disbursements | $174,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,059 |
| Savings and temporary cash investments | $32,918 |
| 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 | $333,271 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $382,248 |
| 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, Hug Morenz Foundation For Media Literacy has awarded $165,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR HUMANE TECHNOLOGY PURPOSE: SUPPORT THE RECIPIENTS MISSION | $50,000 |
MEDIA LITERACY NOW INC PURPOSE: SUPPORT THE RECIPIENTS MISSION | $42,500 |
NATIONAL ASSN FOR MEDIA LITERACY ED PURPOSE: SUPPORT THE RECIPIENTS MISSION | $37,500 |
PRO PUBLICA INC PURPOSE: SUPPORT THE RECIPIENTS MISSION | $35,000 |