Maurice E Morton Trust Under Will
- Assets
- $474.6k
- Revenue
- $14.6k
- Investments
- $456.7k
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 07/1995
- Data as of
- 12/2022
- EIN
- 35-6581585
Organization Overview
Maurice E Morton Trust Under Will is located in Milwaukee, WI. The organization was established in 1995. 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. Maurice E Morton Trust Under Will 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, Maurice E Morton Trust Under Will generated $14.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $16.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Maurice E Morton Trust Under Will has awarded 21 individual grants totaling $178,881. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,550 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,646 |
| Capital Gain Net Income | $3,646 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $445 |
| Total Revenue | $14,641 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,332 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $248 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,080 |
| Contributions, gifts, grants paid | $5,988 |
| Total expenses and disbursements | $16,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,684 |
| 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 | $348,839 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $238 |
| Total assets | $474,598 |
| 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, Maurice E Morton Trust Under Will has awarded $5,988 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST CHURCH OF CHRIST PURPOSE: GENERAL OPERATING | $1,996 |
SPARTANBURG CHRISTIAN CHURCH PURPOSE: GENERAL OPERATING | $1,996 |
MILLIGAN COLLEGE PURPOSE: GENERAL OPERATING | $1,996 |