Morris Foundation
- Assets
- $1.7m
- Revenue
- $79.5k
- Investments
- $1.7m
- Employees
- 0
- Location
- Cokato, MN
- Founding
- 11/2011
- Data as of
- 12/2021
- EIN
- 80-0706745
Organization Overview
Morris Foundation is located in Cokato, MN. The organization was established in 2011. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Morris 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, Morris Foundation generated $79.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $83.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Morris Foundation has awarded 33 individual grants totaling $232,602. 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 |
|---|---|---|---|
Doug Lundeen Director | 0 | $0 | |
Garth Asplin President | 0 | $0 | |
Mark Forsman Director | 0 | $0 | |
Bradley Morris Treasurer | 0 | $0 | |
Mark Peterson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,822 |
| Interest on Savings | $2,190 |
| Dividends & Interest | $39,840 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,635 |
| Capital Gain Net Income | $26,635 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,979 |
| Total Revenue | $79,466 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,652 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $44 |
| Total operating and administrative expenses | $13,413 |
| Contributions, gifts, grants paid | $70,258 |
| Total expenses and disbursements | $83,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,660 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,729,962 |
| 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, Morris Foundation has awarded $70,258 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ISD 466 SCHOOL DISTRICT PURPOSE: TO IMPROVE SCHOOL HOCKEY ARENA | $41,000 |
COKATO FIRE DEPARTMENT PURPOSE: TO PROVIDE EQUIPMENT FOR FIREMEN | $8,700 |
Cokato, MN PURPOSE: FOR ASSISTANCE TO NEEDY PEOPLE | $3,500 |
DASSEL FOOD SHELF PURPOSE: FOR ASSISTANCE TO NEEDY PEOPLE | $3,500 |
COKATO AMBULANCE PURPOSE: TO SUPPORT COMMUNITY AMBULANCE SERV | $2,977 |
Cokato, MN PURPOSE: TO PROVIDE UNIFORMS FOR LOCAL GROUP | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Highlands Foundation Inc Madison, WI | $16,807,622 | $1,089,528 |
Rockwell Automation Charitable Corporation Milwaukee, WI | $6,137,007 | $10,007,891 |
The Green Fern Foundation Minneapolis, MN | $108,921,285 | $8,489,620 |
Andersen Corporate Foundation Bayport, MN | $0 | $11,597,422 |
Telligen Community Initiative West Des Moines, IA | $44,005,034 | $3,901,747 |
Wisconsin Public Service Foundation Inc Green Bay, WI | $36,455,212 | $2,413,868 |
Stepping Stones Of Dunn County Inc Menomonie, WI | $1,791,074 | $2,010,388 |
Remick Family Foundation Rochester, MN | $37,696,720 | $873,083 |
Tischer Creek Duluth Buildingcompany Duluth, MN | $17,330,550 | $1,688,178 |
Cla Foundation Minneapolis, MN | $886,971 | $1,572,520 |
Veridian Foundation Inc Madison, WI | $20,197 | $1,208,500 |
Adient Foundation Inc Milwaukee, WI | $24,102,147 | $1,188,261 |