Morrison Foundation: FY2024 Nonprofit Profile & Form 990 (EIN 81-4453786)

Revenue by fiscal year
FY2020	$321K
FY2021	$380K
FY2022	$447K
FY2023	$330K
FY2024	$333K
FY2025	$399K

Expenses by fiscal year
FY2020	$318K
FY2021	$356K
FY2022	$434K
FY2023	$321K
FY2024	$317K
FY2025	$378K

Net assets by fiscal year
FY2020	$460K
FY2021	$563K
FY2022	$506K
FY2023	$546K
FY2024	$610K
FY2025	$661K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2017.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

35 cents of each dollar spent went to programs.

35%

33%

Program services 35% · $110K Management & general 33% · $103K Fundraising 33% · $104K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

David Thompson

Board Chair

$0Pt VII · Sec A

Steven Taylor

Trustee

$0Pt VII · Sec A

Jane Holbrook

Trustee

$0Pt VII · Sec A

Betsey Keller

Trustee

$0Pt VII · Sec A

Nicholas Gallo

Chief Executive Officer

$0Pt VII · Sec A

Katherine Kennedy

Chief Financial Officer

$0Pt VII · Sec A

See Morrison Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports children and families with prevention, foster care, and mental health services.

Questions for Morrison Foundation

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1 program · $110K · in their own filed words · FY2023

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.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-4453786) · Dispute this line

$110Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

American Online Giving Foundation INCFY2024$8K

Total grants receivedfrom 1 funder$8K

Grants paid · 6 grants · $618K · 2019–2024

Morrison Child & Family ServicesOR · FY2024$49,665

Morrison Child & Family ServicesOR · FY2023$110,260

Morrison Child & Family ServicesOR · FY2022$37,764

Morrison Child & Family ServicesOR · FY2021$176,654

Morrison Child & Family ServicesOR · FY2020$121,115

Morrison Child & Family ServicesOR · FY2019$122,342

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$333K

Ln 12

Gifts and grantsLn 1h$360K

Investment incomeLn 3$10K

Money outPt IX

$317K

Ln 25

Programscol B$110K

Managementcol C$103K

Fundraisingcol D$104K

Owns and owesPt X

$610K

net assets · Ln 32

Cash and savingsLn 1–2$240K

Total assetsLn 16$838K

LiabilitiesLn 26$227K

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$360K

Noncash giftsLn 1g$917

Fundraising eventsLn 1c$99K

Investment incomeLn 3$10K

Total revenueLn 12$333K

Assets in detailPt X, end of year

CashLn 1$240K

Cash and savings togetherLn 1–2$240K

Pledges and grants receivableLn 3$126K

InvestmentsLn 11–13$472K

Total assetsLn 16$838K

LiabilitiesLn 26$227K

Net assetsLn 32$610K

OperationsPt I, VI

EmployeesI 50

VolunteersI 664

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3More from this return

EndowmentSch D · Pt V

Line	FY24	FY23	FY22	FY21	FY20
End of yearLn 1g	$480K	$421K	$379K	$439K	$341K

4Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$399K	$240K
InvestmentsLn 11–13	$421K	$472K
Total assetsLn 16	$944K	$838K
LiabilitiesLn 26	$399K	$227K
Net assetsLn 32	$546K	$610K

5Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$110K	$110K
Management feesLn 11a	$191K		$103K	$87K
Other fees for servicesLn 11g	$11K			$11K
InsuranceLn 23	$3K			$3K
Other expenses (24a–d)Ln 24	$2K			$2K
Total functional expensesLn 25	$317K	$110K	$103K	$104K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Mar 4, 2026	$399K	$378K	$20K	$661K	990 PDF
FY2024 ViewingFiled with the IRS Feb 19, 2025	$333K	$317K	$16K	$610K	990 PDF
FY2023Filed with the IRS Jan 16, 2024	$330K	$321K	$9K	$546K	990 PDF
FY2022Filed with the IRS Apr 20, 2023	$447K	$434K	$13K	$506K	990 PDF
FY2021Filed with the IRS Mar 8, 2022	$380K	$356K	$24K	$563K	990 PDF
FY2020Filed with the IRS Mar 3, 2021	$321K	$318K	$4K	$460K	990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants O · Explanations

See the full FY2024 990

Part I · Summary $333,311 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $362,929$360,165

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $7,825$9,893

I-11 Other revenuePrior year −$41,205−$36,747

I-12 Total revenuePrior year $329,549$333,311

I-13 Grants and similar amounts paidPrior year $37,764$110,260

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $283,280$206,806

I-18 Total expensesPrior year $321,044$317,066

I-19 Revenue less expensesPrior year $8,505$16,245

Part VI · Governance 2 of 4 board members independent, no flags

VI-1a Voting members of the governing body4

VI-1b Independent voting members2

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $333,311 across 7 lines filed

VIII-1c Fundraising events$98,805

VIII-1f All other contributions, gifts and grants$261,360

VIII-1g Noncash contributions (included above)$917

VIII-1h Total contributions, gifts and grants$360,165

VIII-3 Investment incomeExcluded from tax $9,893$9,893

VIII-8 Net income from fundraising eventsExcluded from tax −$36,747−$36,747

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$26,854$333,311

Part IX · Statement of functional expenses $317,066 across 5 lines filed

IX-1 Grants to domestic organizationsPrograms $110,260$110,260

IX-11a Management feesManagement $103,248 · Fundraising $87,312$190,560

IX-11g Other fees for servicesFundraising $10,850$10,850

IX-23 InsuranceFundraising $3,004$3,004

IX-24 Other expenses (24a–d)Fundraising $2,392$2,392

IX-25 Total functional expensesPrograms $110,260 · Management $103,248 · Fundraising $103,558$317,066

Part X · Balance sheet $837,532 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $399,024$239,632

X-3 Pledges and grants receivableStart of year $123,179$125,754

X-9 Prepaid expenses and deferred chargesStart of year $1,500$0

X-11 Publicly traded securitiesStart of year $420,578$472,146

X-16 Total assetsStart of year $944,281$837,532

X-25 Other liabilitiesStart of year $397,878$227,189

X-26 Total liabilitiesStart of year $398,628$227,189

X-27 Net assets without donor restrictionsStart of year $7,396$11,944

X-28 Net assets with donor restrictionsStart of year $538,257$598,399

X-32 Total net assets or fund balancesStart of year $545,653$610,343

X-33 Total liabilities and net assetsStart of year $944,281$837,532

Part XI · Reconciliation of net assets $610,343 net assets at year end

XI-1 Total revenue$333,311

XI-2 Total expenses$317,066

XI-3 Revenue less expenses$16,245

XI-4 Net assets at start of year$545,653

XI-5 Net unrealized gains (losses) on investments$48,444

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$610,343

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Morrison Foundation FY2024 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Morrison Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV