Morton Fam Foundation
- Assets
- $1.0m
- Revenue
- $67.4k
- Investments
- $647.6k
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 03/2005
- Data as of
- 12/2022
- EIN
- 20-6298234
Organization Overview
Morton Fam Foundation is located in Long Beach, CA. The organization was established in 2005. 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. Morton Fam 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, Morton Fam Foundation generated $67.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $74.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Morton Fam Foundation has awarded 138 individual grants totaling $687,527. 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 |
|---|---|---|---|
Cece Morton Trustee | 0 | $0 | |
Mary G Morton Trustee | 0 | $0 | |
William M Morton II Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5 |
| Dividends & Interest | $67,394 |
| Net Rental Income | $0 |
| 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 | $67,399 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $84 |
| Total operating and administrative expenses | $4,134 |
| Contributions, gifts, grants paid | $70,300 |
| Total expenses and disbursements | $74,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $372,277 |
| 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 | $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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,019,872 |
| 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, Morton Fam Foundation has awarded $70,300 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE FRANCAISE PURPOSE: CONTRIBUTION | $1,000 |
A WIDER CIRCLE PURPOSE: CONTRIBUTION | $2,000 |
KENNEDY CENTER PURPOSE: CONTRIBUTION | $1,800 |
FAITH CHRISTIAN CENTER PURPOSE: CONTRIBUTION | $10,000 |
BROOKLYN TECH ALUMNI FOUNDATION PURPOSE: CONTRIBUTION | $1,000 |
BROWN UNIVERSITY PURPOSE: CONTRIBUTION | $1,000 |