Robert Haywood Morrison Foundation
- Assets
- $18.0m
- Revenue
- $476.1k
- Investments
- $14.1m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 03/2002
- Data as of
- 11/2022
- EIN
- 01-0561393
Organization Overview
Robert Haywood Morrison Foundation is located in Charlotte, NC. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Robert Haywood Morrison 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 11/2022, Robert Haywood Morrison Foundation generated $476.1k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $1.2m during the year ending 11/2022. While expenses have increased by 0.0% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Robert Haywood Morrison Foundation has awarded 98 individual grants totaling $7,728,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia H Tyson President | 40 | $170,004 | |
Douglas E Clark Secretary | 0 | $0 | |
Marcus J Tyson VP And Treasurer | 0 | $0 | |
Alexandra E Butler Director | 0 | $0 | |
Mark L Atchinson Director | 0 | $0 | |
Frederick Faircloth Vi Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $414,854 |
| Net Rental Income | $3,500 |
| Net Gain on Sale of Assets | $57,738 |
| Capital Gain Net Income | $57,738 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $476,092 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $170,004 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,376 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,603 |
| Printing and publications | $0 |
| Other expenses | $15,779 |
| Total operating and administrative expenses | $386,742 |
| Contributions, gifts, grants paid | $785,750 |
| Total expenses and disbursements | $1,172,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $865,557 |
| 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 | $2,962,173 |
| Investments—mortgage loans | $0 |
| Investments—other | $14,148,866 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,976,596 |
| 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, Robert Haywood Morrison Foundation has awarded $1,585,750 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
MARY BALDWIN COLLEGE PURPOSE: GENERAL USE | $200,000 |
Charlotte, NC PURPOSE: GENERAL USE. | $200,000 |
QUEENS UNIVERSITY OF CHARLOTTE PURPOSE: GENERAL USE. | $200,000 |
FY 2025- GRANT TO MARY BALDWIN COLLEGE PURPOSE: GENERAL USE | $200,000 |
FY 2024 - GRANT TO MARY BALDWIN COLLEGE PURPOSE: GENERAL USE | $200,000 |
FY 2022 - GRANT TO MARY BALDWIN COLLEGE PURPOSE: GENERAL USE | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
The Haslam 3 Foundation Inc Knoxville, TN | $5,285,692 | $10,045,433 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |
Scarlett Family Foundation Nashville, TN | $163,054,305 | $18,551,241 |
Manning Family Foundation Charlottesville, VA | $313,144,000 | $17,216,650 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |