Morf Foundation
- Assets
- $8.4m
- Revenue
- $586.7k
- Investments
- $8.3m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 02/2011
- Data as of
- 12/2022
- EIN
- 27-4154417
Organization Overview
Morf Foundation is located in Los Angeles, CA. The organization was established in 2011. 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. Morf 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, Morf Foundation generated $586.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.6%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Morf Foundation has awarded 98 individual grants totaling $34,253,719. 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 |
|---|---|---|---|
C Nolan President | 0.15 | $0 | |
E Nolan Secretary, Treasurer | 0.15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10 |
| Dividends & Interest | $289,584 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $278,326 |
| Capital Gain Net Income | $278,326 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18,791 |
| Total Revenue | $586,711 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $70,796 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,759 |
| Total operating and administrative expenses | $152,436 |
| Contributions, gifts, grants paid | $1,873,719 |
| Total expenses and disbursements | $2,026,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,573 |
| Savings and temporary cash investments | $133,433 |
| 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 | $8,257,907 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,434,913 |
| 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, Morf Foundation has awarded $1,873,719 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
MPTF PURPOSE: GENERAL SUPPORT | $1,000,000 |
CHILDREN'S HOSPITAL OF LOS ANGELES PURPOSE: GENERAL SUPPORT | $200,000 |
DIRECTORS GUILD FOUNDATION PURPOSE: GENERAL SUPPORT | $100,000 |
LA FAMILY HOUSING PURPOSE: GENERAL SUPPORT | $50,000 |
LOS ANGELES PHILHARMONIC ASSOCIATION PURPOSE: GENERAL SUPPORT | $98,719 |
MY FRIEND'S PLACE PURPOSE: GENERAL SUPPORT | $50,000 |