Frelinghuysen Morris Foundation
- Assets
- $39.2m
- Revenue
- $3.0m
- Investments
- $22.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/1988
- Data as of
- 12/2022
- EIN
- 13-3471554
Organization Overview
Frelinghuysen Morris Foundation is located in New York, NY. The organization was established in 1988. 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. Frelinghuysen Morris 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 12/2022, Frelinghuysen Morris Foundation generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 26.5% each year . All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 0.5% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MUSEUM WAS OPEN DURING THE REGULAR SEASON FOR GUIDED AND SELF-GUIDED TOURS. TWO EXHIBITS PRESENTED: ONE FEATURING THE WORKS REPRESENTING THE DUAL CAREERS OF SUZY FRELINGHUYSEN, THE SECOND SHOWING A PHOTOGRAPHY EXHIBIT OF THE 55 ARTISTS IN HISTORIC ARTISTS HOMES & STUDIOS. LENT CUBIST PAINTING TO THE METROPOLITAN MUSEUM OF ART FOR MAJOR EXHIBIT. LOCAL ARTISTS LED PAINTING DEMONSTRATIONS DURING THE SUMMER. SHORT PRESENTATION BY DIRECTOR DAILY CALLED DIRECTOR'S CORNER. CONTINUED VIDEO SERIES CALLED ABSTRACT THERAPY. SPECIAL TOUR GIVEN BY VISITING ARCHITECTURAL HISTORIAN. PRESERVATION WORK CONTINUED ON ARCHIVES AND HISTORIC BUILDINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas K Frelinghuysen Director, Trustee | 35 | $127,070 | |
Joanne Johnson Trustee | 6 | $28,070 | |
Linda Frelinghuysen Public Rel Dir | 20 | $20,920 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
First Manhattan Co | 12/30/21 | $161,219 |
Tweedy Browne | 12/30/21 | $94,272 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,113 |
| Interest on Savings | $0 |
| Dividends & Interest | $476,164 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,480,209 |
| Capital Gain Net Income | $2,480,209 |
| Net ST Capital Gain | $16,985 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $36,809 |
| Total Revenue | $2,995,295 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $176,060 |
| Other employee salaries and wages | $124,489 |
| Pension plans, employee benefits | $21,320 |
| Interest | $0 |
| Taxes | $128,874 |
| Depreciation | $78,991 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $197,714 |
| Total operating and administrative expenses | $1,005,012 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,005,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $55,817 |
| 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 | $495,130 |
| Net Land, buildings, and equipment | $2,068,506 |
| Other assets | $14,795,090 |
| Total assets | $39,163,675 |
| 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 |