Morrison Foundation FY2021 filing

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EIN 81-4453786 Supporting organization Portland, OR NTEE P12
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2025
Revenue
$380K
FY2021▲ +18%
Expenses
$356K
FY2021▲ +12%

Form 990 for the fiscal year ending June 2021 (IRS tax year 2020).


Supports children and families with prevention, foster care, and mental health services. For fiscal year 2021 it reported $380K in revenue, $356K in expenses, and $563K in net assets.Pt I

Type
Supporting organization · Human Services
Location
Portland, OR
Website
www.morrisonkids.org
Filings
6 on file (2020–2021)
Revenue
$380KFY2021
Expenses
$356K
Net assets
$563K
People
4
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Size
$100K–1M
What they do
Supports children and families with prevention, foster care, and mental health services.
Leadership
Jane Holbrook · Trustee
Money in and out
$380K revenue, $356K expenses
Bottom line
+6% net inflow
Money in and out · FY2021
Total revenue
$380K
Pt VIII · Ln 12
Total expenses
$356K
Pt IX · Ln 25
Net assets
$563K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $24K
Where spending went · Part IX cols B–D
Program services $0.34 Management & general $0.20 Fundraising $0.46
Net inflow
+6%
revenue over expenses, this year
Pass-through gifts
103%
of revenue from contributions
Program spending
34%
of expenses reach stated programs

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Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$926K
FY2021▲ +17%
Total liabilities
$363K
FY2021▲ +9%
Revenue less expensesPt I · Ln 19$24K
Total assetsPt X · Ln 16$926K
Program-expense ratioPt IX · col B34%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 42

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CMorrison Foundation
EINHdr · item D81-4453786
Principal addressHdr · item CPortland, OR
WebsiteHdr · item Jwww.morrisonkids.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P12)
Ruling yearIRS BMFFeb 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Chief Executive Officer
$0Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
See Morrison Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $121K of program spending, described in the organization's own filed words · FY2020.
01

Established in 2017, the morrison foundation partners with the community to sustain and expand financial support of morrison child and family services' work to provide prevention, foster care, mental health, and substance abuse treatment to children, youth, and families. Efforts include general fundraising and planned giving.

$121Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$390K · 103%
Investment income$16K · 4%
Contributions & grants103%$390K
Investment income4%$16K
Total revenueLn 12$380K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.34 Management & general $0.20 Fundraising $0.46
Program services34%$121K
Management & general20%$70K
Fundraising46%$165K
Total functional expensesLn 25$356K

Balance Sheet

Part X · end of year
CashLn 1$371K
Total assetsLn 16$926K
Total liabilitiesLn 26$363K
Total net assetsLn 32$563K
Months of cash on handcomputed12.5

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $810K · Operating expenses/yr $356K
27.3 months
Where the money goes
Program services
Program services $121K · Total expenses $356K
34%
Management & General
Management & general $70K · Total expenses $356K
20%
Fundraising
Fundraising $165K · Total expenses $356K
46%
Cost to raise $1
Fundraising expense (2-yr avg) $147K · Solicited contributions (2-yr avg) $376K
$0.39 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $390K · Total revenue $380K
103%
Government reliance
Government grants — · Total revenue $380K
—
Earned-income share
Program service revenue $0 · Total revenue $380K
0%
Investment reliance
Investment income $16K · Total revenue $380K
+4%
Program self-sufficiency
Program service revenue $0 · Total expenses $356K
0%
Growth & trend
Revenue growth (YoY)
This year $380K · Prior year $321K
+18%
Net-asset trend (YoY)
End of year $563K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $380K · Expenses $356K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $926K
—
Net-asset ratio
Net assets $563K · Total assets $926K
61%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $439K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $926K
47%
People & payroll
Highest Reported Total Compensation
Individual Jane Holbrook · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $356K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $356K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 34%——
Overhead ratio 20%——
Fundraising cost ratio 42%——
Revenue growth 18%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$8K
Grants paid · 6 grants · $618K · 2019–2024

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$399K revenue · ⤓ 990 PDF
FY2024$333K revenue · ⤓ 990 PDF
FY2023$330K revenue · ⤓ 990 PDF
FY2022$447K revenue · ⤓ 990 PDF
FY2021$380K revenue · viewing · ⤓ 990 PDF
FY2020$321K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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