Form 990 for tax year 2022
Filed by JOSEPH JAMES MORELLI LEGACY FOUNDATION.
Totals
- Total revenue
- $323,143
- Total expenses
- $161,292
- Contributions and grants received
- $336,705
- Grants paid
- $97,750
- Program service revenue
- $0
- Investment income
- $5,370
- Other revenue
- -$18,932
- Total assets, end of year
- $445,517
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $445,517
- Program services expenses (Part IX)
- $139,790
- Management and general expenses
- $6,696
- Fundraising expenses
- $14,806
- Program service expenses (Part III)
- $139,790
Program services were 86.7% 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.
-
1c · Fundraising events
$106,371
-
1f · All other contributions, gifts and grants
$230,334
-
1g · Noncash contributions included above
$71,213
-
3 · Investment income
total $4,431 · excluded $4,431
-
7a · Gross sales of assets other than inventory
securities $53,789 · other assets $179
-
7b · Less cost or other basis and sales expenses
securities $53,029
-
7c · Gain or loss
securities $760 · other assets $179
-
7d · Net gain or loss
total $939 · excluded $939
-
8a · Fundraising events: gross income
$34,809
-
8a · Fundraising events: contributions included on line 1c
$106,371
-
8b · Fundraising events: direct expenses
$53,741
-
8c · Net income from fundraising events
total -$18,932
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $97,750 · program services $97,750
-
11c · Fees: accounting
total $2,330 · management and general $2,330
-
11g · Fees: other
total $10,615 · program services $4,008 · management and general $2,782 · fundraising $3,825
-
12 · Advertising and promotion
total $254 · fundraising $254
-
13 · Office expenses
total $9,742 · program services $5,022 · management and general $632 · fundraising $4,088
-
14 · Information technology
total $5,640 · program services $564 · fundraising $5,076
-
23 · Insurance
total $254 · management and general $254
-
24a · Other expenses: MENTOR PROGRAM CONSULTING
total $17,500 · program services $17,500
-
24b · Other expenses: EDUCATIONAL OUTREACH
total $14,946 · program services $14,946
-
24c · Other expenses: PROCESSING FEES
total $2,186 · management and general $623 · fundraising $1,563
-
24d · Other expenses: LICENSES & PERMITS
total $75 · management and general $75
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $92,850 · end of year $124,573
-
2 · Savings and temporary cash investments
beginning of year $198,742 · end of year $306,730
-
4 · Accounts receivable
beginning of year $658 · end of year $1,247
-
9 · Prepaid expenses and deferred charges
beginning of year $2,967 · end of year $12,967
-
17 · Accounts payable and accrued expenses
beginning of year $430
-
27 · Net assets without donor restrictions
beginning of year $294,787 · end of year $435,417
-
28 · Net assets with donor restrictions
end of year $10,100
Mission and programs · 2022
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 2022, THE FOUNDATION PROVIDED SCHOLARSHIPS TO 57 STUDENTS WITH DYSLEXIA ATTENDING VARIOUS U.S. EDUCATIONAL INSTITUTIONS.
Expenses $102,437 · Grants $93,750
-
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 7 PAIRS OF STUDENTS IN THE SPRING SEMESTER AND 10 PAIRS IN THE FALL SEMESTER. THE PROGRAM IS EXPANDING TO PROVIDE ADDITIONAL SUPPORT AND GUIDANCE TO THE MENTORS.
Expenses $17,811
-
EDUCATIONAL OUTREACH PROGRAM: THE PURPOSE OF THIS PROGRAM IS TO PROMOTE THE FOUNDATION'S SCHOLARSHIP PROGRAM TO POTENTIAL APPLICANTS AND TO PROVIDE SUPPORT TO THOSE STUDENTS WHO HAVE BEEN AWARDED A SCHOLARSHIP. THE FOUNDATION ESTABLISHED A COLLABORATIVE NETWORK OF INSTITUTIONS AND INDIVIDUALS THAT PROVIDES CONTINUED EDUCATION AND SUPPORT TO STUDENTS. THE PROGRAMS ARE ALSO FOCUSED ON CREATING A SENSE OF COMMUNITY FOR THE SCHOLARSHIP RECIPIENTS AND FAMILIES.
Expenses $19,542 · Grants $4,000
As filed on the 2022 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
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
- 2022
- Filed
- 10 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313179349310306
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