JOSEPH JAMES MORELLI LEGACY FOUNDATION INC

EIN: 831939846 501(c)(3) Education

PARK CITY, UT

Total Revenue
$338,413
Total Expenses
$244,105
Total Assets
$563,587
Net Assets
$562,025
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
UT
Principal Officer
DR BARBARA WIROSTKO MORELLI
Phone
8016739336
Tax Period
2024-01-01 to 2024-12-31

JOSEPH JAMES MORELLI LEGACY FOUNDATION INC, founded in 2018, is a small nonprofit in the Education sector that reported $338K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $94K, a strong 28% operating margin.

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $313,773
Program Service Revenue $0
Investment Income $24,640
Other Revenue $0
TOTAL REVENUE $338,413

Expense Breakdown

Grants Paid $144,250
Salaries & Benefits $0
Fundraising Expenses $8,043
Program Expenses $223,499
Other Expenses $99,855
TOTAL EXPENSES $244,105

Year-over-Year Comparison

2024 2023 Change
Revenue $338,413 $237,605 +0.4%
Expenses $244,105 $220,566 +0.1%
Net Income $94,308 $17,039 +4.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
24

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR BARBARA WIROSTKO MORELLI PRESIDENT 20.00
Officer
$0 $0 $0
ROBERT B MERCER SECRETARY 3.00
Officer
$0 $0 $0
KAY PRIESTLY TREASURER 4.00
Officer
$0 $0 $0
MARCY ABATE VICE PRESIDE 3.00
Officer
$0 $0 $0
ANNE IVANHOE VICE PRESIDE 2.00
Officer
$0 $0 $0
LISA RAIANI ASSISTANT TR 0.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $338,413 $244,105 $563,587 $94,308
2023 $237,605 $220,566 $469,230 $17,039
2022 $323,143 $161,292 $445,517 $161,851
2019 $304,269 $84,311 $221,336 $219,958
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