The Morningside Foundation
- Assets
- $22.4m
- Revenue
- $11.9m
- Investments
- $4.2m
- Employees
- 0
- Location
- Newton Centre, MA
- Founding
- 11/1997
- Data as of
- 12/2021
- EIN
- 04-3339572
Organization Overview
The Morningside Foundation is located in Newton Centre, MA. The organization was established in 1997. 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. Morningside 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 12/2021, Morningside Foundation generated $11.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (43.3%) each year. All expenses for the organization totaled $48.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Morningside Foundation has awarded 39 individual grants totaling $111,579,043. 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 |
|---|---|---|---|
Peter Stuart Allenby Edwards Director | 1 | $0 | |
Lisa M Sambucci Vice-President | 1 | $0 | |
Gerald Chan Director | 1 | $0 | |
Ronnie Chan Director | 1 | $0 | |
Paula E Turnbull Vice-President | 1 | $0 | |
Adriel Chan Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mccarthy Legal Services Llc | 12/30/21 | $133,072 |
Crane Carpentry | 12/30/21 | $77,500 |
Boston Quality Cleaning Inc | 12/30/21 | $148,451 |
Best Boston Realty | 12/30/21 | $134,014 |
Prague & Company Pc | 12/30/21 | $51,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $38,296,333 |
| Interest on Savings | $680 |
| Dividends & Interest | $0 |
| Net Rental Income | -$99,040 |
| Net Gain on Sale of Assets | -$27,917,030 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,895,776 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,000 |
| Depreciation | $478,187 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,137,682 |
| Total operating and administrative expenses | $1,711,924 |
| Contributions, gifts, grants paid | $46,595,833 |
| Total expenses and disbursements | $48,307,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,600,713 |
| Savings and temporary cash investments | $0 |
| 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 | $26,900 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $12,599,426 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,166,792 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $46,889 |
| Total assets | $22,445,720 |
| 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 | $2,546,347 |
| Other liabilities | $284,315 |
| Total liabilities | $2,830,662 |
Grants Awarded
Over the last fiscal year, The Morningside Foundation has awarded $46,595,833 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MASSACHUSETTS PURPOSE: GENERAL USE - EDUCATION | $35,000,000 |
Newton Centre, MA PURPOSE: GENERAL USE - EDUCATION | $2,975,000 |
EMORY COLLEGE PURPOSE: GENERAL USE - EDUCATION | $2,600,000 |
Atlanta, GA PURPOSE: GENERAL USE - RELIGIOUS | $2,500,000 |
THE CHURCH IN IRVING PURPOSE: GENERAL USE - RELIGIOUS | $1,000,000 |
Anaheim, CA PURPOSE: GENERAL USE - RELIGIOUS | $720,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Zoom Foundation Greenwich, CT | $956,305,373 | $176,914,821 |
Fidelity Foundation Boston, MA | $2,530,107,332 | $803,389,715 |
Klarman Family Foundation Boston, MA | $754,784,032 | $145,872,662 |
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |