The Elizabeth Morse Charitable Trust 2620341200
- Assets
- $44.9m
- Revenue
- $3.3m
- Investments
- $39.9m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/1993
- Data as of
- 12/2021
- EIN
- 36-6999365
Organization Overview
The Elizabeth Morse Charitable Trust 2620341200 is located in Chicago, IL. The organization was established in 1993. 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. Elizabeth Morse Charitable Trust 2620341200 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 12/2021, Elizabeth Morse Charitable Trust 2620341200 generated $3.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 0.9% 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.
Since 2020, Elizabeth Morse Charitable Trust 2620341200 has awarded 93 individual grants totaling $4,266,046. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James L Alexander Trustee | 25 | $362,925 | |
Name Not Listed Trustee | 25 | $295,643 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,157,495 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,079,901 |
| Capital Gain Net Income | $2,079,901 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $45,292 |
| Total Revenue | $3,282,688 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $658,568 |
| Other employee salaries and wages | $110,824 |
| Pension plans, employee benefits | $20,883 |
| Interest | $0 |
| Taxes | $64,819 |
| Depreciation | $0 |
| Occupancy | $40,335 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $64,676 |
| Total operating and administrative expenses | $961,587 |
| Contributions, gifts, grants paid | $2,079,316 |
| Total expenses and disbursements | $3,040,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $314,959 |
| Savings and temporary cash investments | $4,647,115 |
| 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 | $4,240,921 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,912 |
| Total assets | $44,902,817 |
| 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, The Elizabeth Morse Charitable Trust 2620341200 has awarded $2,079,316 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHWESTERN MEMORIAL FOUNDATION PURPOSE: TO SUPPORT FULL-TIME | $245,000 |
Chicago, IL PURPOSE: TO SUPPORT PATHWAYS AND | $150,000 |
Chicago, IL PURPOSE: TO FUND CITY OF | $140,000 |
OPTIONS FOR YOUTH PURPOSE: TO SUPPORT SALARY OF A NEW | $122,500 |
Chicago, IL PURPOSE: TO PROVIDE CHALLENGE GRANT | $116,667 |
CHICAGO COMMUNITY TRUST PURPOSE: TO COVER PARTIAL EXPENSES | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
Pritzker Traubert Foundation Chicago, IL | $0 | $14,671,849 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
John W Anderson Foundation Valparaiso, IN | $342,409,938 | $34,395,256 |
Motorola Solutions Foundation Chicago, IL | $427,877 | $12,200,078 |
The Walsh Foundation Chicago, IL | $179,756,510 | $18,008,076 |
Herbert Simon Family Foundation Indianapolis, IN | $26,075,189 | $9,696,254 |
Roy J Carver Charitable Tr Muscatine, IA | $235,043,756 | $22,231,044 |
Saul Zaentz Charitable Foundation Glenview, IL | $31,204,978 | $8,995,660 |
The John And Kathleen Schreiber Foundation Lake Forest, IL | $89,899,268 | $85,376,815 |