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Frank A Morbeck Community Foundation Inc. is a private corporation based in WALLACE, ID. The foundation received its IRS ruling in 1999. It holds total assets of $3.1M. Annual income is reported at $631K. The foundation is governed by 8 officers and trustees. The Foundation provides scholarships to young people and makes donations to qualified nonprofit organizations in and around the City of Wallace, Idaho to support their charitable activities. Tax records are available from 2016 to 2024. Grantmaking is concentrated in Idaho. According to available records, Frank A Morbeck Community Foundation Inc. has made 110 grants totaling $626K, with a median grant of $3K. The foundation has distributed between $152K and $311K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $311K distributed across 48 grants. Individual grants have ranged from $200 to $39K, with an average award of $6K. The foundation has supported 42 unique organizations. The foundation primarily supports organizations in Idaho, Montana, Washington, which account for 94% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$200
Median Grant
$2K
Average Grant
$5K
Largest Grant
$38K
Based on 32 grants from the most recent 990-PF filing.
The Foundation provides scholarships to young people and makes donations to qualified nonprofit organizations in and around the City of Wallace, Idaho to support their charitable activities.
Expenses: $165K
The Foundation provides scholarships to young people and makes donations to qualified nonprofit organizations in and around the City of Wallace, Idaho to support their charitable activities. Based on available records, the foundation has funded 110 grants. Its grantmaking reaches organizations primarily in ID, MT, WA.
Frank A Morbeck Community Foundation Inc. has distributed a total of $626K across 110 grants. The median grant size is $3K, with an average of $6K. Individual grants have ranged from $200 to $39K.
The application deadline is March 1st. Restricted to organizations in or benefiting the City of Wallace, Idaho.
Frank A Morbeck Community Foundation Inc. is headquartered in WALLACE, ID. While based in ID, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bill Mooney | Director | $100 | $0 | $100 |
| Marilyn White | Director/Sec. | $100 | $0 | $100 |
| Jenniffer Carrico | Director | $100 | $0 | $100 |
| Dick L Vester | Director/VP | $100 | $0 | $100 |
| Chris Lund | Director | $100 | $0 | $100 |
| Michael K Branstetter | President/Direc | $100 | $0 | $100 |
| Kathy Zanetti | Director | $0 | $0 | N/A |
| Julie Magnuson | Secretary | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$3.1M
Fair Market Value
N/A
Net Worth
$3.1M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
110
Total Giving
$626K
Average Grant
$6K
Median Grant
$3K
Unique Recipients
42
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Wallace School DistrictEducational support and equipment | Wallace, ID | $31K | 2023 |
| University Of IdahoScholarships | Moscow, ID | $29K | 2023 |
| Boise State UniversityScholarship | Boise, ID | $15K | 2023 |
| North Idaho CollegeScholarships | Coeur Dalene, ID | $13K | 2023 |
| Lewis Clark State CollegeScholarship | Lewiston, ID | $9K | 2023 |
| Wallace Elks Lodge 331Youth activities | Wallace, ID | $8K | 2023 |
| Montana State UnivScholarships | Bozeman, MT | $8K | 2023 |
| Wallace Dist Arts CouncilSupport for public concerts | Wallace, ID | $5K | 2023 |
| City Of WallaceSwimming Pool operaitons | Wallace, ID | $5K | 2023 |
| Wallace Pub Library FdnLibrary improvements | Wallace, ID | $4K | 2023 |
| Wallace Chamber Of CommerceFestival expenses | Wallace, ID | $4K | 2023 |
| Sixth Street MelodramaArts | Wallace, ID | $3K | 2023 |
| Shoshone Community Cancer SupportTransportation assistance for cancer treatments | Kellogg, ID | $3K | 2023 |
| Ski Wallace IncCommunity activities | Wallace, ID | $2K | 2023 |
| Morbeck Community CommitteeYouth | Wallace, ID | $2K | 2023 |
| Morbeck Youth CommitteeYouth activities | Wallace, ID | $2K | 2023 |
| Wallace Food BankFood for the needy | Wallace, ID | $2K | 2023 |
| Wallace Christmas FundAssistance for the needy | Silverton, ID | $2K | 2023 |
| Silver Valley BaseballbasketballTo buy equipment | Wallace, ID | $2K | 2023 |
| Wallace Youth AssnCity repairs, stairs | Silverton, ID | $2K | 2023 |
| Eastern Washington UniversityScholarships | Cheney, WA | $1K | 2023 |
| Barnard Stockbridge Wallace ExtensiMuseum operations | Alamo Heights, TX | $1K | 2023 |
| Mining Heritage ExhibitEducation | Wallace, ID | $1K | 2023 |
| Nine Mile Cemetery Assoc IncCemetery maintenance | Wallace, ID | $1K | 2023 |
| Wallace Gyro ClubChildren's carnival | Wallace, ID | $200 | 2023 |
| Idaho State University Other CollegScholarships | Pocatello, ID | $8K | 2022 |
| Greater Wallace Comm Dev CorpCommunity development | Wallace, ID | $5K | 2022 |
| Historic Wallace PreservationHistoric preservaton | Wallace, ID | $3K | 2022 |