Carl And Irene Morath Foundation Inc
- Assets
- $2.4m
- Revenue
- $250.5k
- Investments
- $2.3m
- Employees
- 0
- Location
- Warren, MI
- Founding
- 09/1982
- Data as of
- 12/2021
- EIN
- 38-2421500
Organization Overview
Carl And Irene Morath Foundation Inc is located in Warren, MI. The organization was established in 1982. 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. Carl And Irene Morath Foundation Inc 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, Carl And Irene Morath Foundation Inc generated $250.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.3%) each year. All expenses for the organization totaled $158.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Carl And Irene Morath Foundation Inc has awarded 57 individual grants totaling $285,000. 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 |
|---|---|---|---|
Frederick L Morath President | 1.5 | $0 | |
Thomas R Morath Treasurer | 0 | $0 | |
Lawrence A Morath Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $101,935 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $148,560 |
| Capital Gain Net Income | $148,560 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $250,499 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,710 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $13,466 |
| Contributions, gifts, grants paid | $145,000 |
| Total expenses and disbursements | $158,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,621 |
| Savings and temporary cash investments | $41,655 |
| 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 | $2,329,701 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,376,977 |
| 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, Carl And Irene Morath Foundation Inc has awarded $145,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
GLEANERS FOOD BANK PURPOSE: FEED AND ASSIST THE POOR IN AND AROUND DETROIT | $25,000 |
CAPUCHIN SOUP KITCHEN PURPOSE: FEED AND ASSIST THE POOR IN THE COMMUNITY | $20,000 |
Livonia, MI PURPOSE: SCHOLARSHIP FUND FOR CATHOLIC BIBLE STUDY CLASS | $15,000 |
Livonia, MI PURPOSE: UNIVERSITY SCHOLARSHIP FUND | $10,000 |
CHILDREN HOSPITAL OF MICH FND PURPOSE: PROVIDE AID FOR CHILDREN AND FAMILIES. | $10,000 |
Detroit, MI PURPOSE: SCHOLARSHIP FUND - ANNUAL APPEAL | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |
American Electric Power Foundation Columbus, OH | $61,577,266 | $10,199,855 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Dean & Barbara White Family Foundation Inc Merrillville, IN | $792,865,434 | $81,802,743 |
Wilson Sheehan Foundation Springfield, OH | $57,339,515 | $15,119,930 |