The Morningside Foundation
- Assets
- $36.2m
- Revenue
- $65.3m
- Investments
- $7.8m
- Employees
- 0
- Location
- Newton Centre, MA
- Founding
- 11/1997
- Data as of
- 12/2015
- 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa M Sambucci Vice-President | 0 | $0 | |
Peter Stuart Allenby Edwards Director | 0 | $0 | |
Ronnie Chan Director | 0 | $0 | |
Paula E Turnbull Vice-President | 0 | $0 | |
Gerald Chan Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $61,490,050 |
| Interest on Savings | $396 |
| Dividends & Interest | $0 |
| Net Rental Income | $1,013,874 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $65,263,834 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,034 |
| Depreciation | $699,784 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,062,370 |
| Total operating and administrative expenses | $2,809,683 |
| Contributions, gifts, grants paid | $64,983,210 |
| Total expenses and disbursements | $67,792,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,653,272 |
| 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 | $168,900 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $24,522,004 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,766,926 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $54,678 |
| Total assets | $36,165,780 |
| 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 | $9,549,142 |
| Other liabilities | $200,058 |
| Total liabilities | $9,749,200 |
Grants Awarded
Over the last fiscal year, The Morningside Foundation has awarded $64,983,210 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Cambridge, MA PURPOSE: GENERAL USE - RESEARCH | $61,355,050 |
ENGEDI CAMP AND CONFERENCE CENTER PURPOSE: GENERAL USE - EDUCATION | $1,970,000 |
THE CHURCH IN IRVINE PURPOSE: GENERAL USE - RELIGIOUS | $350,000 |
LIVING STREAM MINISTRY PURPOSE: GENERAL USE - RELIGIOUS | $200,000 |
DEFENSE AND CONFIRMATION PROJECT PURPOSE: GENERAL USE - RELIGIOUS | $200,000 |
Anaheim, CA PURPOSE: GENERAL USE - RELIGIOUS | $186,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adelson Family Foundation Needham, MA | $522,108 | $116,767,506 |
Druckenmiller Foundation New York, NY | $1,273,919,839 | $136,579,901 |
Doris Duke Charitable Foundation Inc New York, NY | $1,930,470,080 | $113,349,408 |
Klarman Family Foundation Boston, MA | $688,091,719 | $95,381,386 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,301,695,078 | $41,033,339 |
Zoom Foundation Greenwich, CT | $0 | $173,014,876 |
The Morningside Foundation Newton Centre, MA | $36,165,780 | $65,263,834 |
Fidelity Foundation Boston, MA | $1,395,251,709 | $290,379,423 |
Big East Conference Inc New York, NY | $20,673,347 | $58,700,234 |
Peter G Peterson Foundation New York, NY | $0 | $10,858,758 |
Cohen Veterans Network Inc Stamford, CT | $24,139,054 | $38,938,718 |
Highland Street Connection Newton, MA | $73,686,005 | $7,213,732 |