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Morosani Foundation EIN 82-3813375 Form 990 (PDF) Claim this org

Morosani Foundation FY2020 filing

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A private foundation based in Asheville, NC. It reported about $173K in revenue for 2020. For fiscal year 2020 it reported $173K in revenue, $122K in expenses, and $969K in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Asheville, NC
Filings
5 on file (2020–2020)
Revenue
$173KFY2020
Expenses
$122K
Net assets
$969K
People
0
Filings
5
Updates
0
More identity details & actions ⌄
EIN  82-3813375 Private foundation / grantmaker Asheville, NC
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
A private foundation based in Asheville, NC. It reported about $173K in revenue for 2020.
Money in and out
$173K revenue, $122K expenses
Bottom line
—
Grants paid & assets · FY2020
Total revenue
$173K
Pt VIII · Ln 12
Total expenses
$122K
Pt IX · Ln 25
Net assets
$969K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $52K
Total assets
969K
deployed as grants and operations
Grants paid
41K
in FY2020
Grants made
65grants
total in period
Payout rate
4%
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 2020 · Form 990-PF
Revenue
$173K
FY2020
Expenses
$122K
FY2020
Total assets
$969K
FY2020
Total liabilities
$0
FY2020
Total revenue
$173K
Pt VIII · Ln 12
Total expenses
$122K
Pt IX · Ln 25
Net assets
$969K
Pt X · Ln 32
Total assetsPt II$969K

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
Officers, directors & key employeesPt VII · Sec ANot reported
See Morosani Foundation executive salaries →

Statement of Revenue

Part VIII
Contributions & grants$86K · 49%
Other revenue$83K · 48%
Investment income$5K · 3%
Contributions & grants49%$86K
Other revenue48%$83K
Investment income3%$5K
Total revenueLn 12$173K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.33 Operating & administrative $0.67
Grants & contributions paid33%$41K
Operating & administrative67%$81K
Total functional expensesLn 25$122K

Balance Sheet

Part X · end of year
CashLn 1$57K
Total assetsLn 16$969K
Total liabilitiesLn 26$0
Total net assetsLn 32$969K
Months of cash on handcomputed5.6

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $969K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $173K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $173K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $173K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $969K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $173K · Expenses $122K
+30%
Liabilities-to-Assets
Total liabilities — · Total assets $969K
—
Net-asset ratio
Net assets $969K · Total assets $969K
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $122K
No individual compensation reported on this filing
Personnel share
not reported

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. Peer cohort: .

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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 · ⤓ 990 PDF
FY2023$235K revenue · ⤓ 990 PDF
FY2022$383K revenue · ⤓ 990 PDF
FY2021$205K revenue · ⤓ 990 PDF
FY2020$173K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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