Harold M And Adeline S Morrison Family Foundation
- Assets
- $28.1m
- Revenue
- $3.6m
- Investments
- $24.7m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/1995
- Data as of
- 12/2022
- EIN
- 36-7090069
Organization Overview
Harold M And Adeline S Morrison Family Foundation is located in Chicago, IL. The organization was established in 1995. 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. Harold M And Adeline S Morrison Family 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, Harold M And Adeline S Morrison Family Foundation generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 11.1% per year over the past 8 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 2015, Harold M And Adeline S Morrison Family Foundation has awarded 517 individual grants totaling $7,067,658. 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 |
|---|---|---|---|
Adeline S Morrison Secretary | 1 | $0 | |
Helen Morrison Vice President | 1.5 | $0 | |
Lois Morrison Exec. Director | 40 | $73,500 | |
Charles Brinley Treasurer | 1 | $0 | |
Bruce Boyd Exec. Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,326 |
| Interest on Savings | $31,544 |
| Dividends & Interest | $548,279 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $917,990 |
| Capital Gain Net Income | $921,398 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,132,519 |
| Total Revenue | $3,646,658 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $130,419 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $2,940 |
| Interest | $0 |
| Taxes | $64,107 |
| Depreciation | $0 |
| Occupancy | $42,000 |
| Travel, conferences, and meetings | $6,684 |
| Printing and publications | $0 |
| Other expenses | $155,736 |
| Total operating and administrative expenses | $573,058 |
| Contributions, gifts, grants paid | $1,453,166 |
| Total expenses and disbursements | $2,026,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,335,839 |
| 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 | $6,510,982 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $53,500 |
| Total assets | $28,084,369 |
| Accounts payable and accrued expenses | $50 |
| 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 | $5,515 |
| Total liabilities | $5,565 |
Grants Awarded
Over the last fiscal year, Harold M And Adeline S Morrison Family Foundation has awarded $1,453,166 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
ADVANCE ILLINOIS PURPOSE: GENERAL SUPPORT | $5,000 |
ALEXANDER CHILDREN'S FOUNDATION PURPOSE: GENERAL SUPPORT | $1,000 |
AUDUBON GREAT LAKES PURPOSE: GENERAL SUPPORT | $2,000 |
ANNE K TAYLOR FUND PURPOSE: GENERAL SUPPORT | $2,000 |
BRUSHWOOD CENTER OF RYERSON WOODS PURPOSE: GENERAL SUPPORT | $40,000 |
CHICAGO ACADEMY OF SCIENCES PEGGY NOTEBAERT NATURE MUSEUM PURPOSE: GENERAL SUPPORT | $1,000 |