Michael B Morrow Foundation
- Assets
- $1.4m
- Revenue
- $14.6k
- Investments
- $1.3m
- Employees
- 0
- Location
- Katy, TX
- Founding
- 06/1995
- Data as of
- 06/2023
- EIN
- 76-0454125
Organization Overview
Michael B Morrow Foundation is located in Katy, TX. The organization was established in 1995. 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. Michael B 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.
Since 2015, Michael B Morrow Foundation has awarded 75 individual grants totaling $651,293. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marlene Stirl Director | 1 | $1,475 | |
John W Morrow III Director | 1 | $300 | |
Kellye Babin Director | 1 | $300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $58,817 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$44,231 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,586 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,075 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,354 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $15,859 |
| Contributions, gifts, grants paid | $73,000 |
| Total expenses and disbursements | $88,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $83,470 |
| Net Accounts receivable | $1,728 |
| 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 | $960 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,431,655 |
| 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, Michael B Morrow Foundation has awarded $73,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL TEXAS FOOD BANK INC PURPOSE: UNRESTRICTED DONATION | $4,400 |
GREATER WACO LEGAL SERVICES PURPOSE: UNRESTRICTED DONATION | $5,275 |
LUTHERAN OUTDOORS MINISTRY OF TEXAS INC PURPOSE: UNRESTRICTED DONATION | $5,275 |
MOBILE LOAVES AND FISHES INC PURPOSE: UNRESTRICTED DONATION | $5,275 |
MYFRIENDS FOUNDATION PURPOSE: UNRESTRICTED DONATION | $16,350 |
PARTNERS IN HOPE PURPOSE: UNRESTRICTED DONATION | $5,275 |