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Morosani Foundation EIN 82-3813375

Morosani Foundation

EIN  82-3813375 Private foundation / grantmaker Asheville, NC
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Size
$100K–1M
What they do
A private foundation based in Asheville, NC. It reported about $334K in revenue for 2024.
Leadership
Candi Pearson · Secretary
Money in and out
$334K revenue, $284K expenses
Bottom line
—

A private foundation based in Asheville, NC. It reported about $334K in revenue for 2024. For fiscal year 2024 it reported $334K in revenue, $284K in expenses, and $1.2M in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$334K
Pt VIII · Ln 12
Total expenses
$284K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $50K
Total assets
1.2M
deployed as grants and operations
Grants paid
72K
in FY2024
Grants made
65grants
total in period
Payout rate
6%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 65 grants · $72K · 2024–2024
Rollins CollegeFL · FY2024$23,750
Magical Moments Foundation INCOH · FY2024$5,000
Proctor AcademyNH · FY2024$4,500
Helpmate INCNC · FY2024$3,500
United Way of Asheville and Buncombe County INCNC · FY2024$3,000
Pisgah Legal ServicesNC · FY2024$2,091
Western Carolina Rescue MinistryFY2024$2,060
Asheville Police Foundation INCNC · FY2024$2,000
Asheville-Buncome Tech Comm CollegeFY2024$2,000
Samaritan's PurseFY2024$2,000
AbccmFY2024$2,000
All Souls Counseling CenterNC · FY2024$1,200
Unca FoundationFY2024$1,000
Memory CareFY2024$1,000
Memorial Sloan KetteringFY2024$1,000
Mountain Housing Opportunities INCNC · FY2024$1,000
The John Locke Foundation INCNC · FY2024$1,000
Joel Osteen MinistriesFY2024$1,000
See all 65 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV29
Average grantPart XV$1K
Median grantPart XV$300
Largest grantPart XV$24K
Top cause focusNTEEEducation (9%)

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$334K
FY2024▲ +42%
Expenses
$284K
FY2024▲ +40%
Total assets
$1.2M
FY2024▲ +4%
Total liabilities
$58K
FY2024▼ -9%
Total revenue
$334K
Pt VIII · Ln 12
Total expenses
$284K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Total assetsPt II$1.2M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMorosani Foundation
EINHdr · item D82-3813375
Principal addressHdr · item CAsheville, NC
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFMar 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Candi Pearson
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Hal Thompson
President & CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Morosani Foundation executive salaries →

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Statement of Revenue

Part VIII
Other revenue$166K · 50%
Investment income$93K · 28%
Contributions & grants$75K · 22%
Other revenue50%$166K
Investment income28%$93K
Contributions & grants22%$75K
Total revenueLn 12$334K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.25 Operating & administrative $0.75
Grants & contributions paid25%$72K
Operating & administrative75%$212K
Total functional expensesLn 25$284K

Balance Sheet

Part X · end of year
CashLn 1$30K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$58K
Total net assetsLn 32$1.2M
Months of cash on handcomputed1.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $1.2M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $334K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $334K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $334K · Prior year $235K
+42%
Revenue CAGR
FY2020 $173K · FY2024 $334K
+18%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $334K · Expenses $284K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
—
Net-asset ratio
Net assets $1.2M · Total assets $1.2M
95%
People & payroll
Highest Reported Total Compensation
Individual Candi Pearson · Reported title Secretary · Highest reported compensation $0 · Total expenses $284K
0%
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth 42%——

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.

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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
FY2024 (Latest)$334K revenue · viewing · ⤓ 990 PDF
FY2023$235K revenue · ⤓ 990 PDF
FY2022$383K revenue · ⤓ 990 PDF
FY2021$205K revenue · ⤓ 990 PDF
FY2020$173K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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