Overview
What is The Joella And Stewart Morris Foundation?
The Joella and Stewart Morris Foundation, based in Houston, Texas, serves as a financial hub, channeling funds and income from its securities to four selected 501(c)(3) nonprofit organizations. The foundation's primary objective is to maintain and distribute financial support to these exempt organizations, following the guidelines set by the Internal Revenue Code Section 501(c)(3). By providing financial assistance, the Joella and Stewart Morris Foundation empowers these organizations to carry out their respective missions and contribute positively to various social causes.
Is The Joella And Stewart Morris Foundation legitimate?
The Joella And Stewart Morris Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Joella And Stewart Morris Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of The Joella And Stewart Morris Foundation?
The Joella and Stewart Morris Foundation's primary mission is to accumulate and maintain funds. These funds are then utilized to offer support to organizations that are exempt under Section 501(C)(3) of the Internal Revenue Code. Throughout the year, the foundation makes charitable contributions to such organizations using the income generated from its securities. The foundation's role is to provide financial assistance to these organizations, contributing to their ongoing operations and initiatives.
Who is the CEO of The Joella And Stewart Morris Foundation?
Caralisa Simon is the Trustee of The Joella And Stewart Morris Foundation.
What is the revenue of The Joella And Stewart Morris Foundation?
The Joella And Stewart Morris Foundation's revenue in 2022 was $2,185,889.
Who are the executives of The Joella And Stewart Morris Foundation and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for The Joella And Stewart Morris Foundation?
The Joella And Stewart Morris Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Joella And Stewart Morris Foundation
The Joella and Stewart Morris Foundation's mission revolves around receiving and maintaining funds to offer support to organizations that fall under the exempt status of Section 501(C)(3) of the Internal Revenue Code. In essence, this foundation serves as a financial backbone, providing resources to eligible nonprofits to further their causes. During the year, the foundation utilizes its funds and income from securities to make charitable contributions to these 501(C)(3) exempt organizations.
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Impact
October, 2024
The Joella And Stewart Morris Foundation significantly impacts the community by providing financial support to various exempt organizations under IRC Section 501(c)(3). By receiving and managing funds and income from securities, the foundation plays a crucial role in enhancing the capabilities of the organizations it supports. This financial assistance allows these nonprofit organizations to fulfill their missions more effectively—contributing to philanthropy and community betterment in Houston, Texas, and beyond. The foundation's commitment to supporting multiple 501(c)(3) organizations ensures a diverse range of programs and initiatives can thrive, ultimately enriching the lives of many individuals and families served by these charities.
This information is meant to be a general summary of The Joella And Stewart Morris Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$14,111
- Gross Receipts: $6,005,583
Assets and Liabilities:
- Total Assets: $7,163,432
- Total Liabilities: $0
- Net Assets: $7,163,432
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Organization Details
Founding Year
2000
Phone
(713) 515-1930Principal Officer
Caralisa Simon
Main Address
601 SAWYER STREET 660, HOUSTON, TX, 77007
NTEE Category
Code: T22 - Philanthropy
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