Mike Morse Foundation
- Assets
- $706.2k
- Revenue
- $263.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Southfield, MI
- Founding
- 10/2017
- Data as of
- 12/2023
- EIN
- 81-3903849
Organization Overview
Mike Morse Foundation is located in Southfield, MI. The organization was established in 2017. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mike Morse 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 12/2023, Mike Morse Foundation generated $263.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.3%) each year. All expenses for the organization totaled $80.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (18.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Mike Morse Foundation has awarded 37 individual grants totaling $1,324,300. 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
EACH STUDENT OF THE DETROIT PUBLIC SCHOOL SYSTEM WAS PROVIDED A BACKPACK FILLED WITH SCHOOL SUPPLIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John R Nachazel Treasurer | 0 | $0 | |
David Seidel Secretary | 0 | $0 | |
Janet Rosenberg Director | 0 | $0 | |
Jason Zimmerman Director | 0 | $0 | |
Michael J Morse President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,250 |
| Interest on Savings | $13,482 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $263,732 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,635 |
| Total operating and administrative expenses | $2,835 |
| Contributions, gifts, grants paid | $78,039 |
| Total expenses and disbursements | $80,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,865 |
| Savings and temporary cash investments | $657,356 |
| 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 | $706,221 |
| 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, Mike Morse Foundation has awarded $193,655 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MICHIGAN HUMANE SOCIETY PURPOSE: CHARITABLE PURPOSE | $24,205 |
DETROIT PUBLIC SCHOOLS PURPOSE: CHARITABLE PURPOSE | $164,450 |
ORCHARDS CHILDRENS SERVICES PURPOSE: CHARITABLE PURPOSE | $5,000 |