Morian Foundation
- Assets
- $12.7m
- Revenue
- $940.6k
- Investments
- $11.7m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 09/2013
- Data as of
- 12/2021
- EIN
- 46-1580212
Organization Overview
Morian Foundation is located in Houston, TX. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morian 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 12/2021, Morian Foundation generated $940.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 63.1% each year . All expenses for the organization totaled $903.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Morian Foundation has awarded 102 individual grants totaling $4,261,544. 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 |
|---|---|---|---|
S Reed Morian Trustee | 0 | $0 | |
Laurie N Morian Advisory Trustee | 0 | $0 | |
Earl Dyke Advisory Trustee | 0 | $0 | |
Randy Hale Advisory Trustee | 0 | $0 | |
William L Hixon Advisory Trustee | 0 | $27,500 | |
William C Montgomery Advisory Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Avalon Advisors Llc | 12/30/23 | $38,622 |
Corient Partners Llc | 12/30/23 | $36,154 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $203 |
| Dividends & Interest | $354,698 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $510,899 |
| Capital Gain Net Income | $510,899 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $74,787 |
| Total Revenue | $940,587 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,136 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,409 |
| Total operating and administrative expenses | $136,448 |
| Contributions, gifts, grants paid | $767,400 |
| Total expenses and disbursements | $903,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,824 |
| Savings and temporary cash investments | $957,145 |
| 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 | $800,023 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,706,760 |
| 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, Morian Foundation has awarded $1,177,593 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
EPISCOPAL HIGH SCHOOL PURPOSE: LEAD THE WAY CAPITAL CAMPAIGN | $20,000 |
HOUSTON MUSEUM OF NATURAL SCIENCE PURPOSE: 2023 GALA, 2023 EXCELLENCE IN SCIENCE LUNCHEON, ANNUAL COMMITMENT | $670,000 |
TEXAS BIOMEDICAL RESEARCH INSTITUTE PURPOSE: ANNUAL OPERATING FUND | $700 |
THE MUSEUM OF FINE ARTS HOUSTON PURPOSE: ISLAMIC WORLDS GALA, GALA BALL, BAYOU BEND FASHION SHOW, CAMPAIGN FOR THE MFAH CAMPUS | $217,500 |
LIFEHOUSE PURPOSE: GENERAL OPERATING FUND | $3,000 |
TEXAS AGRICULTURAL LAND TRUST PURPOSE: ANNUAL DONATION | $2,500 |