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Nonprofiteer
← JOSEPH JAMES MORELLI LEGACY FOUNDATION

Form 990 for tax year 2023

Filed by JOSEPH JAMES MORELLI LEGACY FOUNDATION.

Totals

Total revenue
$237,605
Total expenses
$220,566
Contributions and grants received
$222,703
Grants paid
$133,072
Program service revenue
$0
Investment income
$14,902
Other revenue
$0
Total assets, end of year
$469,230
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$469,230
Program services expenses (Part IX)
$201,974
Management and general expenses
$12,327
Fundraising expenses
$6,265
Program service expenses (Part III)
$201,974

Program services were 91.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $222,703

  • 1g · Noncash contributions included above

    $59,879

  • 3 · Investment income

    total $13,019 · excluded $13,019

  • 7a · Gross sales of assets other than inventory

    securities $54,322

  • 7b · Less cost or other basis and sales expenses

    securities $52,439

  • 7c · Gain or loss

    securities $1,883

  • 7d · Net gain or loss

    total $1,883 · excluded $1,883

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $133,072 · program services $133,072

  • 11c · Fees: accounting

    total $2,500 · management and general $2,500

  • 11g · Fees: other

    total $11,435 · program services $5,958 · management and general $2,616 · fundraising $2,861

  • 13 · Office expenses

    total $10,827 · program services $7,115 · management and general $3,210 · fundraising $502

  • 14 · Information technology

    total $914 · program services $457 · management and general $457

  • 23 · Insurance

    total $648 · management and general $648

  • 24a · Other expenses: MENTORING PROGRAM

    total $31,800 · program services $31,800

  • 24b · Other expenses: EDUCATIONAL OUTREACH

    total $23,245 · program services $23,245

  • 24c · Other expenses: PROCESSING FEES

    total $2,949 · program services $327 · management and general $148 · fundraising $2,474

  • 24d · Other expenses: BOOKKEEPING SERVICES

    total $2,480 · management and general $2,480

  • 24e · All other expenses

    total $696 · management and general $268 · fundraising $428

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $124,573 · end of year $52,675

  • 2 · Savings and temporary cash investments

    beginning of year $306,730 · end of year $406,682

  • 4 · Accounts receivable

    beginning of year $1,247 · end of year $506

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,967 · end of year $9,367

  • 27 · Net assets without donor restrictions

    beginning of year $435,417 · end of year $469,230

  • 28 · Net assets with donor restrictions

    beginning of year $10,100

Mission and programs · 2023

Mission

THE JOSEPH JAMES MORELLI LEGACY FOUNDATION HONORS JOSEPH'S SPIRIT, BY SUPPORTING HIGH SCHOOL AND COLLEGE STUDENTS DIAGNOSED WITH DYSLEXIA WHO ARE PLANNING TO PURSUE CAREERS IN STEM (SCIENCE, TECHNOLOGY, ENGINEERING, MATH) BY: 1. AWARDING SCHOLARSHIPS TO EASE THE FINANCIAL BURDEN OF EDUCATION AND RECOGNIZE ACHIEVEMENT 2. EMPOWERING OUR SCHOLARSHIP RECIPIENTS TO REALIZE THEIR POTENTIAL THROUGH THE MORELLI FOUNDATION MENTORING PROGRAM 3. CREATING A SENSE OF COMMUNITY IN WHICH OUR SCHOLARSHIP RECIPIENTS AND FAMILIES CAN FEEL SUPPORTED. THROUGH OUR PROGRAMS, WE CONVEY TO OUR SCHOLARSHIP RECIPIENTS THAT WE VIEW DYSLEXIA AS A LEARNING DIFFERENCE THAT CAN DRIVE THEM TO BE STRONGER, MORE DETERMINED, DEDICATED AND ABLE TO SHINE BRIGHTER, AS THEY LEARN TO BELIEVE IN THEMSELVES THE WAY WE BELIEVE IN THEM.

  • SCHOLARSHIP PROGRAM: THE FOUNDATION SUPPORTS YOUNG ADULTS WITH LEARNING DIFFERENCES BY AWARDING SCHOLARSHIPS TO COLLEGE STUDENTS WITH DYSLEXIA WHO WISH TO PURSUE A DEGREE IN A SCIENCE, TECHNOLOGY, ENGINEERING OR MATHEMATICS (STEM) FIELD. THE SCHOLARSHIP FUNDS CAN BE APPLIED TOWARDS TUITION, TESTING, TUTORING, ADAPTIVE SERVICES AND ACCOMMODATIONS. THE SCHOLARSHIP RECIPIENTS TELL US THAT THE SCHOLARSHIPS AND THE FOUNDATION'S OTHER PROGRAMS OFFER RECOGNITION AND VALIDATE THEIR STRUGGLES. IN 2023, THE FOUNDATION PROVIDED SCHOLARSHIPS TO 72 STUDENTS WITH DYSLEXIA ATTENDING VARIOUS U.S. EDUCATIONAL INSTITUTIONS.

    Expenses $138,799 · Grants $129,572

  • MENTORING PROGRAM: THE PROGRAM PAIRS COLLEGE FRESHMEN WITH PEER MENTORS TO HELP THEM NAVIGATE THE CHALLENGES THAT COLLEGE PRESENTS, PARTICULARLY FOR STUDENTS WITH LEARNING DIFFERENCES. MENTORS ARE CURRENT OR FORMER SCHOLARSHIP RECIPIENTS, EITHER UPPERCLASSMEN OR RECENT GRADUATES. THE MENTORS SUPPORT THEIR MENTEES AND HELP EQUIP THEM WITH SKILLS THEY NEED TO CONFIDENTLY SUCCEED. THERE WERE 12 PAIRS OF STUDENTS IN THE SPRING SEMESTER AND 20 PAIRS IN THE FALL SEMESTER. THE PROGRAM IS EXPANDING TO PROVIDE ADDITIONAL SUPPORT AND GUIDANCE TO THE MENTORS.

    Expenses $36,688 · Grants $2,400

  • EDUCATIONAL OUTREACH PROGRAM: THE PURPOSE OF THE PROGRAM IS TO EDUCATE AND INFORM ON THE NEEDS OF STUDENTS WITH LEARNING DISABILITIES SUCH AS DYSLEXIA, WHICH INCLUDES THE SUPPORT, ACCOMMODATIONS, AND RESOURCES THAT ARE NECESSARY. FAMILIES EVEN TODAY ARE STILL FIGHTING ACROSS THIS COUNTRY TO GET RESOURCES THAT ENABLE THEIR CHILDREN WITH LEARNING DISABILITIES TO GET THE ACCOMMODATIONS THEY ARE LEGALLY ENTITLED TO UNDER THE INDIVIDUALS WITH DISABILITIES EDUCATION ACT. THE FOUNDATION PARTNERS WITH LIKE-MINDED ORGANIZATIONS, PROVIDES SUPPORT AND PARTICIPATED IN EVENTS THAT EDUCATE AND PROMOTE AWARENESS OF THESE NEEDS. THE FOUNDATION ALSO HAS FOCUSED ON CREATING A SENSE OF COMMUNITY FOR THE SCHOLARSHIP RECIPIENTS AND FAMILIES.

    Expenses $26,487 · Grants $1,100

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Barbara Wirostko Morelli

    PRESIDENT

    Total calculated
    $0
    Hours/week
    20

  • Robert B Mercer

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Kay Priestly

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Marcy Abate

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    3

  • Anne Ivanhoe

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
20 May 2024
IRS schema version
2023v5.0
Source object
202441509349301354

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