Claire And Theodore Morse Foundation
- Assets
- $2.3m
- Revenue
- $64.5k
- Investments
- $2.2m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 12/1995
- Data as of
- 09/2023
- EIN
- 95-4549063
Organization Overview
Claire And Theodore Morse Foundation is located in Los Angeles, CA. The organization was established in 1995. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Claire And Theodore 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 09/2023, Claire And Theodore Morse Foundation generated $64.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $201.3k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Claire And Theodore Morse Foundation has awarded 145 individual grants totaling $775,250. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Roach Director/pres/secretary/cfo | 1 | $15,000 | |
Jill Roach Director | 0 | $0 | |
Alexis Roach Director | 0 | $0 | |
Stephanie Roach Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23 |
| Dividends & Interest | $45,087 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,430 |
| Capital Gain Net Income | $19,430 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $64,540 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,000 |
| 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 | $2,537 |
| Total operating and administrative expenses | $49,793 |
| Contributions, gifts, grants paid | $151,500 |
| Total expenses and disbursements | $201,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,957 |
| Savings and temporary cash investments | $32,225 |
| 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 | $282,353 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,259,982 |
| 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, Claire And Theodore Morse Foundation has awarded $151,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ART START PURPOSE: GENERAL SUPPORT | $7,500 |
ARTS IN REACH ENCOURAGING GROWTH PURPOSE: GENERAL SUPPORT | $10,000 |
FUSION PARTNERSHIPS INC PURPOSE: GENERAL SUPPORT | $12,500 |
BEST BUDDIES INTERNATIONAL INC PURPOSE: GENERAL SUPPORT | $10,000 |
BRONX COUNCIL ON THE ARTS INC PURPOSE: GENERAL SUPPORT | $10,000 |
COMMUNITY ECONOMIC DEVELOPMENT CORPORATION PURPOSE: GENERAL SUPPORT | $10,000 |