Morrow Foundation
- Assets
- $2.3m
- Revenue
- $377.4k
- Investments
- $2.2m
- Employees
- 0
- Location
- Maineville, OH
- Founding
- 02/1997
- Data as of
- 12/2022
- EIN
- 41-1859316
Organization Overview
Morrow Foundation is located in Maineville, OH. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morrow 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, Morrow Foundation generated $377.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $596.6k during the year ending 12/2022. While expenses have increased by 15.2% per year over the past 7 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, Morrow Foundation has awarded 29 individual grants totaling $1,560,192. 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 |
|---|---|---|---|
Ryan J Anderson Dir/fdtn Mgr | 0 | $0 | |
Lisa Elliot Director | 0 | $0 | |
Donald N Peterson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $357 |
| Dividends & Interest | $146,202 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $230,404 |
| Capital Gain Net Income | $230,404 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $453 |
| Total Revenue | $377,416 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $467 |
| Taxes | $71,866 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $73,958 |
| Contributions, gifts, grants paid | $522,652 |
| Total expenses and disbursements | $596,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $96,695 |
| 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 | $157,275 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,333,525 |
| 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, Morrow Foundation has awarded $522,652 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Oxford, OH PURPOSE: SCHOLARSHIP FUND | $87,000 |
St Louis, MO PURPOSE: SCHOLARSHIP FUND | $87,000 |
UNIVERSITY OF MN FOUNDATION PURPOSE: SOCIETY OF WOMEN IN ENGINEERING | $81,000 |
St Louis, MO PURPOSE: SCHOLARSHIP FUND | $74,000 |
Oxford, OH PURPOSE: SCHOLARSHIP FUMD | $74,000 |
UNIVERSITY OF MN FOUNDATION PURPOSE: SOCIETY OF WOMEN IN ENGINEERING | $65,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard U Light Foundation Kalamazoo, MI | $629,730 | $25,417,215 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Skillman Foundation Detroit, MI | $412,503,854 | $53,699,386 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Kalamazoo Promise Kalamazoo, MI | $7,251,327 | $23,596,440 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Knowledgeworks Foundation Cincinnati, OH | $34,010,195 | $7,717,304 |
Ruth Mott Foundation Flint, MI | $290,091,185 | $30,117,543 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |