Morse Family Foundation
- Assets
- $320.1k
- Revenue
- $598.7k
- Investments
- $284.1k
- Employees
- 0
- Location
- Florham Park, NJ
- Founding
- 07/2018
- Data as of
- 12/2022
- EIN
- 82-6770075
Organization Overview
Morse Family Foundation is located in Florham Park, NJ. The organization was established in 2018. 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. Morse Family 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 12/2022, Morse Family Foundation generated $598.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $441.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Morse Family Foundation has awarded 133 individual grants totaling $2,327,962. 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 |
|---|---|---|---|
Stacey C Morse Trustee | 1 | $0 | |
Robert R Morse Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $737,795 |
| Interest on Savings | $0 |
| Dividends & Interest | $75 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$139,131 |
| Capital Gain Net Income | $311,936 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $598,739 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,506 |
| Total operating and administrative expenses | $13,956 |
| Contributions, gifts, grants paid | $427,825 |
| Total expenses and disbursements | $441,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,233 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,719 |
| 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 | $320,070 |
| 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, Morse Family Foundation has awarded $427,825 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
ALEX LEMONADE STAND PURPOSE: GENERAL UNRESTRICTED | $5,750 |
BECOMING JACKSON WHOLE PURPOSE: GENERAL UNRESTRICTED | $5,000 |
BONE MARROW AND CANCER FOUNDATION PURPOSE: GENERAL UNRESTRICTED | $200 |
BREARLEY SCHOOL PURPOSE: GENERAL UNRESTRICTED | $5,400 |
COMMUNITY FOUNDATION OF JACKSON HOLE PURPOSE: GENERAL UNRESTRICTED | $119,000 |
COLLEGIATE SCHOOL PURPOSE: GENERAL UNRESTRICTED | $7,500 |