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Also known as: FOUNDATION
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Felix & Angela Morales Memorial Foundation is a private corporation based in HOUSTON, TX. The foundation received its IRS ruling in 2013. The principal officer is Jeff C Lamberth. It holds total assets of $3M. Annual income is reported at $505K. Total assets have grown from $631K in 2010 to $2M in 2022. The foundation is governed by 6 officers and trustees. Support of education. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2022. Grantmaking is concentrated in Texas. According to available records, Felix & Angela Morales Memorial Foundation has made 14 grants totaling $147K, with a median grant of $5K. The foundation has distributed between $37K and $68K annually from 2020 to 2022. Grantmaking activity was highest in 2021 with $68K distributed across 4 grants. Individual grants have ranged from $500 to $35K, with an average award of $11K. The foundation has supported 8 unique organizations. Grant recipients are concentrated in Texas. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$5K
Average Grant
$6K
Largest Grant
$22K
Based on 7 grants from the most recent 990-PF filing.
Support of education
Support of education. Based on available records, the foundation has funded 14 grants. Its grantmaking reaches organizations primarily in TX.
Felix & Angela Morales Memorial Foundation has distributed a total of $147K across 14 grants. The median grant size is $5K, with an average of $11K. Individual grants have ranged from $500 to $35K.
Felix & Angela Morales Memorial Foundation typically selects its grantees rather than accepting unsolicited proposals.
Felix & Angela Morales Memorial Foundation is headquartered in HOUSTON, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Christina Morales | PRESIDENT | $0 | $0 | N/A |
| Adrian Nieto | VICE PRESIDE | $0 | $0 | N/A |
| Richard C Vara | FOUNDING BOA | $0 | $0 | N/A |
| Angela Krasnick | FOUNDING BOA | $0 | $0 | N/A |
| Conchita Reyes | SECRETARY | $0 | $0 | N/A |
| James Lee | BOARD MEMBER | $0 | $0 | N/A |
Total Giving
$331K
Total Assets
$2M
Fair Market Value
$2M
Net Worth
$2M
Grants Paid
$220K
Contributions
$163K
Net Investment Income
$33K
Distribution Amount
$105K
Total: N/A
Total Grants
14
Total Giving
$147K
Average Grant
$11K
Median Grant
$5K
Unique Recipients
8
Most Common Grant
$2K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Back To School GiveawayPUBLIC EDUCATION | Houston, TX | $31K | 2022 |
| Latin Woman'S InititiveCHARITABLE | Houston, TX | $4K | 2022 |
| Ser JobsCHARITABLE | Houston, TX | $3K | 2022 |
| Community Family CentersCHARITABLE | Houston, TX | $10K | 2021 |
| Houston Community CollegePUBLIC EDUCATION | Houston, TX | $6K | 2020 |
| Ut HealthCHARITABLE | Houston, TX | $5K | 2020 |
| Barrio DogsCHARITABLE | Houston, TX | $2K | 2020 |
| University Of HoustonCHARITABLE | Houston, TX | $500 | 2020 |