The Morningside Foundation
- Assets
- $25.7m
- Revenue
- $64.3m
- Investments
- $9.4m
- Employees
- 0
- Location
- Newton Centre, MA
- Founding
- 11/1997
- Data as of
- 12/2023
- 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 12/2023, Morningside Foundation generated $64.3m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $61.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Morningside Foundation has awarded 71 individual grants totaling $236,830,611. 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 |
|---|---|---|---|
Ronnie Chan Director | 1 | $0 | |
Paula E Turnbull Vice-President | 1 | $0 | |
Peter Stuart Allenby Edwards Director | 1 | $0 | |
Lisa M Sambucci Vice-President | 1 | $0 | |
Gerald Chan Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cozy Properties | 12/30/23 | $141,611 |
Boston Quality Cleaning Inc | 12/30/23 | $120,261 |
Atlantic Heating & Air Conditioning | 12/30/23 | $37,025 |
Csl Consulting Llc | 12/30/23 | $31,774 |
Analogue Studios Llc | 12/30/23 | $19,450 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $67,928,900 |
| Interest on Savings | $5,059 |
| Dividends & Interest | $0 |
| Net Rental Income | $288,784 |
| Net Gain on Sale of Assets | -$5,627,409 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $64,265,308 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,500 |
| Depreciation | $489,389 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,181,675 |
| Total operating and administrative expenses | $1,675,239 |
| Contributions, gifts, grants paid | $59,827,608 |
| Total expenses and disbursements | $61,502,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,268,824 |
| 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 | $1,900 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $11,895,366 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,166,808 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $95,841 |
| Total assets | $25,687,488 |
| 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 | $2,230,107 |
| Other liabilities | $265,996 |
| Total liabilities | $2,496,103 |
Grants Awarded
Over the last fiscal year, The Morningside Foundation has awarded $59,827,608 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ASSOCIATION FOR THE ADVANCEMENT OF SCIENCE PURPOSE: GENERAL USE - SCIENCE | $50,000 |
DAVOS ALZHEIMER'S COLLABORATEIVE PURPOSE: GENERAL USE - RESEARCH | $100,000 |
EMORY UNIVERSITY DONOR ACCOUNT PURPOSE: GENERAL USE - EDUCATION | $100,000 |
ENVIRONMENTAL MUTAGENESIS AND GENOMICS SOCIETY PURPOSE: GENERAL USE - RESEARCH | $25,000 |
PRESIDENT AND FELLOWS-HARVARD PURPOSE: GENERAL USE - RELIGIOUS | $20,000 |
MIT PURPOSE: GENERAL USE - EDUCATION | $19,903,524 |