Phillips-Morrison Institute Of California
- Assets
- $601.5k
- Revenue
- $74.2k
- Investments
- $601.5k
- Employees
- 0
- Location
- Tiburon, CA
- Founding
- 10/1986
- Data as of
- 12/2023
- EIN
- 68-0065800
Organization Overview
Phillips-Morrison Institute Of California is located in Tiburon, CA. The organization was established in 1986. 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. Phillips-Morrison Institute Of California 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 12/2023, Phillips-Morrison Institute Of California generated $74.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $53.3k during the year ending 12/2023. While expenses have increased by 2.5% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINED A LIBRARY FOR SEVERAL YEARS THAT CONTAINED CALIFORNIA HISTORY BOOKS ABOUT THE DEVELOPMENT OF CALIFORNIA. IT HAS BEEN CLOSED FOR THE PAST FEW YEARS AND IS IN THE PROCESS OF LIQUIDATING ITS ASSETS. THE LIBRARY, AS WELL AS MOST OF THE FURNITURE AND FIXTURES HAVE BEEN ABANDONED OR DONATED TO OTHER NON-PROFIT ENTITIES. IT IS ANTICIPATED THAT, DEPENDING ON MARKET CONDITIONS, THE SECURITIES AND ANY REMAINING ASSETS WILL BE SOLD IN THE NEAR FUTURE WITH THE PROCEEDS GOING TO VARIOUS CHARITABLE/NON-PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher L Morrison President | 5 | $0 | |
Daren Engel Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,484 |
| Dividends & Interest | $15,065 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $50,645 |
| Capital Gain Net Income | $50,645 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $74,194 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $986 |
| Depreciation | $0 |
| Occupancy | $14,616 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,629 |
| Total operating and administrative expenses | $18,253 |
| Contributions, gifts, grants paid | $35,000 |
| Total expenses and disbursements | $53,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $47,727 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $601,490 |
| Accounts payable and accrued expenses | $9 |
| 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 | $9 |
Grants Awarded
Over the last fiscal year, Phillips-Morrison Institute Of California has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UC DAVIS FOUNDATION PURPOSE: DONATION | $25,000 |
GLOBAL BOOK EXCHANGE PURPOSE: DONATION | $10,000 |