Morency Family Foundation
- Assets
- $808.8k
- Revenue
- $71.4k
- Investments
- $762.4k
- Employees
- 0
- Location
- Le Claire, IA
- Founding
- 02/2013
- Data as of
- 12/2018
- EIN
- 46-1388661
Organization Overview
Morency Family Foundation is located in Le Claire, IA. The organization was established in 2013. 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.
For the year ending 12/2018, Morency Family Foundation generated $71.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (39.3%) each year. All expenses for the organization totaled $129.4k during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Morency President/treasurer/direct | 1 | $0 | |
Kathleen E Morency Vice President/director | 1 | $0 | |
Ryan P Morency Secretary/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $33,217 |
| Interest on Savings | $4,469 |
| Dividends & Interest | $15,790 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,876 |
| Capital Gain Net Income | $18,185 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $71,352 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $353 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $146 |
| Other expenses | $11,773 |
| Total operating and administrative expenses | $13,808 |
| Contributions, gifts, grants paid | $115,600 |
| Total expenses and disbursements | $129,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $46,330 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $808,752 |
| 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, Morency Family Foundation has awarded $115,600 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHERS BIG SISTERS OF THE MISSISSIPPI VALLEY PURPOSE: ONE-TO-ONE MENTORING PROGRAM | $10,000 |
BIRDIES FOR CHARITY PURPOSE: BIRDIES FOR CHARITY | $4,000 |
COMMUNITY FOUNDATION OF THE GREAT RIVER BEND PURPOSE: MORENCY FOSTER YOUTH ILLINOIS SCHOLARSHIP | $60,000 |
JUAN DIEZ RANCHEROS PURPOSE: GENERAL SUPPORT | $4,000 |
LECLAIRE COMMUNITY LIBRARY PURPOSE: GENERAL SUPPORT | $5,000 |
QUAD CITY SYMPHONY ORCHESTRA PURPOSE: INSTRUMENTS FOR KIDS PROGRAM | $5,000 |