Civic Intelligence

Morris Animal Foundation

990 • Fiscal year 2022 • EIN 84-6032307

Jul 01, 2021 to Jun 30, 2022 • Filed on Jan 31, 2023

720 S Colorado Blvd Ste 174-aDenver, CO 80246

(303) 790-2345

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

20th percentile

0.06x

Higher debt load relative to assets than 20% of similar nonprofits.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2022

Liabilities / Revenue

41st percentile

0.33x

Higher debt load relative to revenue than 41% of similar nonprofits.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2022

Net Margin

71st percentile

16%

Higher net margin than 71% of similar nonprofits.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2022

Top Officer Pay

32nd percentile

$341,746

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2022

Asset Growth

42nd percentile

-3.9%

Faster asset growth than 42% of similar nonprofits.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2021 to 2022

Revenue Growth

78th percentile

21%

Faster revenue growth than 78% of similar nonprofits.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2021 to 2022

Assets

Down

$106,653,429

Down $4,318,598 (-3.9%) from 2021

Net Assets

Down

$100,747,080

Down $4,040,258 (-3.9%) from 2021

Liabilities

Down

$5,906,349

Down $278,340 (-4.5%) from 2021

Revenue

Up

$18,067,931

Up $3,126,589 (+21%) from 2021

Expenses

Up

$15,109,381

Up $1,901,604 (+14%) from 2021

Net Income

Up

$2,958,550

Up $1,224,985 (+71%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2011: $82,631,086Liabilities 2011: $3,466,756Net Assets 2011: $79,164,3302011Assets 2012: $78,298,011Liabilities 2012: $4,343,588Net Assets 2012: $73,954,4232012Assets 2013: $80,609,845Liabilities 2013: $3,790,674Net Assets 2013: $76,819,1712013Assets 2014: $86,340,689Liabilities 2014: $4,341,654Net Assets 2014: $81,999,0352014Assets 2015: $91,171,668Liabilities 2015: $5,899,119Net Assets 2015: $85,272,5492015Assets 2016: $78,530,229Liabilities 2016: $10,273,330Net Assets 2016: $68,256,8992016Assets 2017: $81,463,089Liabilities 2017: $8,180,739Net Assets 2017: $73,282,3502017Assets 2018: $87,046,897Liabilities 2018: $7,385,262Net Assets 2018: $79,661,6352018Assets 2019: $96,366,547Liabilities 2019: $6,353,911Net Assets 2019: $90,012,6362019Assets 2020: $90,834,795Liabilities 2020: $7,199,129Net Assets 2020: $83,635,6662020Assets 2021: $110,972,027Liabilities 2021: $6,184,689Net Assets 2021: $104,787,3382021Assets 2022: $106,653,429Liabilities 2022: $5,906,349Net Assets 2022: $100,747,0802022Assets 2023: $109,695,507Liabilities 2023: $7,821,880Net Assets 2023: $101,873,6272023Assets 2024: $112,233,574Liabilities 2024: $10,296,454Net Assets 2024: $101,937,1202024

Highlighted filing

2022

Assets$106,653,429
Liabilities$5,906,349
Net Assets$100,747,080

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MRevenue 2011: $17,089,033Expenses 2011: $11,907,212Net Income 2011: $5,181,8212011Revenue 2012: $12,505,410Expenses 2012: $11,738,610Net Income 2012: $766,8002012Revenue 2013: $13,929,735Expenses 2013: $12,887,483Net Income 2013: $1,042,2522013Revenue 2014: $11,005,907Expenses 2014: $13,480,547Net Income 2014: -$2,474,6402014Revenue 2015: $11,753,844Expenses 2015: $14,934,090Net Income 2015: -$3,180,2462015Revenue 2016: $9,940,857Expenses 2016: $15,683,135Net Income 2016: -$5,742,2782016Revenue 2017: $9,983,826Expenses 2017: $10,893,273Net Income 2017: -$909,4472017Revenue 2018: $14,033,981Expenses 2018: $11,015,847Net Income 2018: $3,018,1342018Revenue 2019: $13,489,759Expenses 2019: $10,348,017Net Income 2019: $3,141,7422019Revenue 2020: $15,293,616Expenses 2020: $12,460,769Net Income 2020: $2,832,8472020Revenue 2021: $14,941,342Expenses 2021: $13,207,777Net Income 2021: $1,733,5652021Revenue 2022: $18,067,931Expenses 2022: $15,109,381Net Income 2022: $2,958,5502022Revenue 2023: $11,557,696Expenses 2023: $17,102,993Net Income 2023: -$5,545,2972023Revenue 2024: $14,361,900Expenses 2024: $21,210,085Net Income 2024: -$6,848,1852024

Highlighted filing

2022

Revenue$18,067,931
Expenses$15,109,381
Net Income$2,958,550
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jan 31, 2023
Return Version
2021v4.0
Gross Receipts
$18,846,386
Mission and Program Overview

Mission

Morris animal foundation's mission is to bridge science and resources to advance the health of animals. Since our founding in 1948, more than 20,000 animals have been helped through scientific studies and the development of new treatments, diagnostic tools and vaccines.

To bridge science and resources to advance the health of animals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$75,065,845$70,237,638▼ $4,828,207
Investments in Publicly Traded Securities$25,339,842$23,308,145▼ $2,031,697
Savings and Temporary Cash Investments$4,924,672$5,978,247▲ $1,053,575
Cash and Non-Interest-Bearing Accounts$4,770,338$4,867,050▲ $96,712
Pledges and Grants Receivable$476,112$1,824,446▲ $1,348,334
Prepaid Expenses and Deferred Charges$213,453$331,059▲ $117,606
Land, Buildings, and Equipment, Net$181,765$106,844▼ $74,921
Total Assets$110,972,027$106,653,429▼ $4,318,598
Liabilities
Grants Payable$4,481,942$4,325,145▼ $156,797
Accounts Payable and Accrued Expenses$957,921$858,985▼ $98,936
Other Liabilities$744,826$722,219▼ $22,607
Total Liabilities$6,184,689$5,906,349▼ $278,340
Net Assets / Fund Balance
Net Assets With Donor Restrictions$68,416,618$64,881,725▼ $3,534,893
Net Assets Without Donor Restrictions$36,370,720$35,865,355▼ $505,365
Total Net Assets Fund Balance$104,787,338$100,747,080▼ $4,040,258
Total Liabilities and Net Assets / Fund Balance$110,972,027$106,653,429▼ $4,318,598

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$95,542$387,110$482,652
Leasehold Improvements$11,302$33,587$44,889
Other Securities$3,999,746--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$88,935,327$9,751,462▼ $4,091,719$4,411,602$85,576,529
2020$70,208,949$9,810,717▲ $18,344,672$2,986,332$88,935,327
2019$75,714,710$8,703,020▼ $5,317,144$3,500,442$70,208,949
2018$68,079,265$5,624,525▲ $7,928,189$124,377$75,714,710
2017$61,424,093$7,028,782▲ $6,005,661$430,260$68,079,265
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tiffany GrunertPresident/ceFT$308,009$33,737$341,746
Tiffany GrunertPresident/CEO-$236,609$105,137$341,746
Janet Patterson-kaneChief ScientFT$226,932$29,808$256,740
Janet Patterson-kaneChief Scientific Off-$198,114$58,626$256,740
Ryan WelchChief Devel.FT$214,182$24,286$238,468
Ryan WelchChief Devel. Off-$187,516$50,952$238,468
Carol BorchertVP of MarketFT$179,354$22,721$202,075
Carol BorchertVP of Marketing-$155,054$47,021$202,075
Gregory KnaddisonSr. DirectorFT$160,789$28,576$189,365
Gregory KnaddisonSr. Director of Is-$138,589$50,776$189,365
Stacy Van BurenVP of FinancFT$157,683$20,685$178,368
Stacy Van BurenVP of Finance & Oper-$142,695$35,673$178,368
Ryan McveighSr DatabaseFT$143,648$28,397$172,045
Ryan McveighSr Database Develop-$131,916$40,129$172,045
Kathleen TietjeVP of ScientFT$132,925$27,410$160,335
Kathleen TietjeVP of Scientific Ops-$121,853$38,482$160,335
Dan StencelVP of DeveloFT$129,648$18,349$147,997
Sara YeransianDevelop. DepFT$126,707$18,990$145,697
Leo KacenjarSr DatabaseFT$126,729$18,889$145,618
Sarah SvitakCOOFT$112,054$12,340$124,394

Highest Paid Contractors

ContractorServicesLocationCompensation
Gabriel GroupMarketing & F/rPO BOX 1000, Southeastern, PA 19398$341,109
Revenue and Support

Revenue Composition

Contributions and Grants
$15,090,948
Program Service Revenue
$0
Investment Income
$1,986,400
Other Revenue
$990,583
All Other Contributions
$15,090,948
Change in Net Assets
$2,958,550

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded19$1,135,291Subsequent Selling Price
Total Noncash Contributions19$1,135,291-

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,913,886
Revenue Not Reported on Financial Statements
$154,045
Revenue Not Reported on Form 990
$-7,243,541
Total Revenue per Audited Statements
$10,670,345
Total Revenue per Form 990
$18,067,931
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,785,393
Other Expenses$4,087,958
Grants and Similar Amounts Paid$3,770,956
Total Fundraising Expense$2,671,568
Professional Fundraising Fees$465,074

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,023,289$944,722$1,278,890$4,246,901
Grants to Domestic Orgs$2,573,798--$2,573,798
Current Officers, Directors, Trustees, and Key Employees$944,001$394,412$192,744$1,531,157
Fees for Services Other$1,212,704$47,845$57,330$1,317,879
Foreign Grants$1,098,012--$1,098,012
Information Technology$224,311$145,948$138,703$508,962
Office Expenses$465,844$7,235$27,166$500,245
Fees for Services Professional Fundraising--$465,074$465,074
Other Employee Benefits$224,937$70,770$95,049$390,756
Payroll Taxes$196,712$91,365$102,660$390,737
Occupancy$158,583$81,391$71,782$311,756
Pension Plan Contributions$104,682$47,290$73,870$225,842
Fees for Service Investment Mgmnt Fees-$154,045-$154,045
Grants to Domestic Individuals$99,146--$99,146
Advertising$81,030--$81,030
Depreciation Depletion$40,769$19,601$18,032$78,402
Fees for Services Legal$39,039$4,866-$43,905
Fees for Services Accounting-$32,412-$32,412
Travel$8,799$4,379$13,546$26,724
Other Expenses$10,517$5,765$4,588$20,870
Conferences and Meetings$7,679$2,724$3,352$13,755
Insurance$6,875$3,330$2,847$13,052
Total Functional Expenses$10,268,434$2,169,379$2,671,568$15,109,381

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$15,109,381
Total Expenses per Audited Statements$14,710,603
Expenses per Audited Statements$14,351,056
Expenses Not Reported on Financial Statements$758,325
Other Expense Adjustments$604,280
Expenses Not Reported on Form 990$359,547
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of CaliforniadavisLos Angeles, CAGovAnimal Hlth Studies$695,642
Colorado State UniversityFort Collins, COGovAnimal Hlth Studies$312,709
The University of GeorgiaAthens, GAGovAnimal Hlth Studies$146,765
North Carolina State UniversityRaleigh, NCGovAnimal Hlth Studies$145,185
Revive & RestoreSausalito, CA3Animal Hlth Services$132,000
University of Notre DameNotre Dame, INGovAnimal Hlth Studies$119,978
Cincinnati Zoo & Botanical GardenCincinnati, OH3Animal Hlth Studies$92,389
University of Mary WashingtonFredericksburg, VAGovAnimal Hlth Studies$92,038
Michigan State UniversityEast Lansing, MIGovAnimal Hlth Studies$76,968
Harvard UniversityBoston, MAGovAnimal Hlth Studies$75,000
University of PennsylvaniaPhiladelphia, PAGovAnimal Hlth Studies$75,000
University of MinnesotaSt Paul, MNGovAnimal Hlth Studies$74,970
Georgetown UniversityWashington, DCGovAnimal Hlth Studies$74,387
Smithsonian Environmental ResearchEdgewater, MD3Animal Hlth Studies$73,593
The Ohio State UniversityColumbus, OHGovAnimal Hlth Studies$73,200
University of Wisconsin MadisonMadison, WIGovAnimal Hlth Studies$69,159
Purdue UniversityWest Lafayette, INGovAnimal Hlth Studies$66,420
Oklahoma State UniversityStillwater, OKGovAnimal Hlth Studies$49,940
University of IllinoisChampaign, ILGovAnimal Hlth Studies$44,604
William & Mary UniversityWilliamsburg, VAGovAnimal Hlth Studies$19,418
Indiana University BloomingtonBloomington, INGovAnimal Hlth Studies$10,800
Midwestern UniversityGlendale, AZGovAnimal Hlth Studies$10,800
The Marine Mammal CenterSausalito, CA3Animal Hlth Studies$10,800
University of IllinoisUrbana, ILGovAnimal Hlth Studies$10,800
Valdosta State UniversityValdosta, GAGovAnimal Hlth Studies$10,800
University of TennesseeKnoxville, TN3Animal Hlth Studies$10,433

International Summary

Spending
$39,850,183

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the Caribbean - AntiInvestments---$24,933,768
Europe (including Iceland & Greenland) -InvestmentsAnimal Hlth Studies--$13,019,141
North America - Canada and Mexico, But NInvestmentsAnimal Hlth Studies--$799,262
Europe - Netherlands, United KingdomGrantmakingAnimal Hlth Studies--$656,594
East Asia and the Pacific - MalaysiaGrantmaking---$231,818
North America - CanadaGrantmakingAnimal Hlth Studies--$149,927
Central America and the Caribbean - AntiGrantmaking---$59,673
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$465,074
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuities Payable$722,219
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Cynthia morris david morris officer officer siblings

Form 990, Page 6, Part VI, Line 11B

A draft of the irs form 990 and all schedules is reviewed by the board of trustees, ceo and coo and other officers before it is filed with the irs.

Form 990, Page 6, Part VI, Line 12C

All members of the board of trustees and board committees are required to complete an annual conflict of interest questionnaire. The board reviews all forms and for any that declare a conflict, those matters are brought before the full board. The board also enforces compliance by promoting awareness of the policy at board meetings.

Form 990, Page 6, Part VI, Line 15A

The compensation committee is responsible for reviewing the performance of the president/ceo and making recommendations at least annually to the executive committee and the board of trustees for his/her compensation. This shall be done in accordance with the policy and other best practices in the judgment of the members of the compensation committee. For the purposes of this policy, "compensation" refers to the combination of salary and benefits as defined in the irs form 990 process instructions.

Form 990, Page 6, Part VI, Line 15B

The compensation committee shall annually review any changes in the compensation for other officers and key employees according to the policy, in addition to other best practices in the judgement of the members of the compensation comittee. For the purposes of this policy, "compensation" refers to the combination of salary and benefits as defined in the irs form 990 process instructions. The ceo sets the other officers' salaries with input from the board and using comparative data and set paygrades.

Form 990, Page 6, Part VI, Line 17

Indiana, iowa, kansas, kentucky, louisiana, maine, maryland, massachusetts, michigan, minnesota, mississippi, missouri, montana, nebraska, nevada, new hampshire, new jersey, new mexico, new york, north carolina, north dakota, ohio, oregon, pennsylvania, rhode island, south carolina, south dakota, tennessee, utah, vermont, virginia, washington, west virginia, wisconsin, wyoming

Form 990, Page 6, Part VI, Line 19

Governing and financial documents are available upon request and are also posted on the foundation's website.

Filing and Contact Details

Filer

Filer Name
Morris Animal Foundation
EIN
84-6032307
Phone
3037902345
Address
720 S COLORADO BLVD STE 174-A, DENVER, CO 80246

Signing Officer

Name
Tiffany Grunert
Title
President/CEO
Phone
3037902345
Signed
2023-01-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tiffany Grunert
Formed
1948
Legal Domicile
Co
Voting Board Members
23
Independent Board Members
23
Employees
64
Volunteers
32

Preparer

Firm
Kundinger Corder & Montoya Pc
Address
475 LINCOLN ST STE 200, DENVER, CO 80203
Preparer
Maria Montoya
Phone
3035345953
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Morris animal foundation's mission is to bridge science and resources to advance the health of animals. Since our founding in 1948, more than 20,000 species have been helped through scientific studies and the development of new treatments, diagnostic tools and vaccines.

Form 990, Page 2, Part III, Line 4B

Program awareness: morris animal foundations mission is to bridge science and resources to advance the health of animals. Raising awareness about the foundations programs and impact is a critical component to fulfilling our mission. The foundations website provides a valuable resource for supporters, including a blog that highlights organizational and study successes, campaigns and donor/partner stories. The website also is used to promote retention for the organizations golden retriever lifetime study, the largest and longest study ever undertaken in the united states to understand cancer in dogs. The foundations stop cancer furever campaign includes videos and podcasts, as well as downloadable information and articles to help pet owners learn more about how pets develop cancer and to raise awareness about cancer in pets. The organization also provides animal health information through an extensive direct response program to donors, which includes direct mail, a quarterly print newsletter, an email newsletter program and educational webinars.

Form 990, Part XI, Line 9

Grants refunded/discontinued 604,280 change in value of charitable gift annuities -366,963 total 237,317 grants awarded in prior years that are refunded or discontinued are reported as a reduction of grant expense in the financial statements in the year the refund is received or the project is discontinued. During fiscal year 2022, the foundation discontinued projects with outstanding grant commitments of 531,444, and received grant refunds of 72,836. These amounts are not reflected in the statement of functional expenses for tax purposes. As a result, program expenses for tax purposes are greater than program expenses for financial statement purposes.

Form 990, Page 12, Part XII, Line 2C

The foundation's audit committee is responsible for selecting the independent auditor and monitoring the results of the annual audit. The audit committee meets with the independent auditor at least annually to review the audit process and results. There has been no change to this process in the current year.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Earnings from the endowment are subject to the foundation's spending policy and are to be used to support animal health studies and the general operations of the foundation.

Schedule D, Page 4, Part XI, Line 2D

Annuities payable -366,963

Schedule D, Page 4, Part XII, Line 4B

Credits in f/s for grants refunded/discontinued 604,280

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IRS990/Desc0ANIMAL HEALTH STUDIES: THE FOUNDATION FUNDS RESEARCHERS AROUND THE WORLD WHO ARE SOLVING CRITICAL HEALTH PROBLEMS IN ANIMALS, INCLUDING DOGS, CATS, HORSES, LLAMAS, ALPACAS AND WILDLIFE. OUR WORK IS HELPING RESEARCHERS IN THE FIELD FIND NEW DIAGNOSTICS, TREATMENTS AND CURES FOR DISEASES AND OTHER HEALTH CONCERNS FOR ANIMALS AROUND THE WORLD, INCLUDING MANY ENDANGERED SPECIES.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$112$10.3$102$14.4$21.2$6.85
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$110$7.82$102$11.6$17.1$5.55
2022Detailed filing. Detailed filing data is available for this year.$107$5.91$101$18.1$15.1$2.96
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$111$6.18$105$14.9$13.2$1.73
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$90.8$7.20$83.6$15.3$12.5$2.83
2019Summary only. Only limited summary data is available for this year.$96.4$6.35$90.0$13.5$10.3$3.14
2018Summary only. Only limited summary data is available for this year.$87.0$7.39$79.7$14.0$11.0$3.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$81.5$8.18$73.3$9.98$10.9$0.91
2016Summary only. Only limited summary data is available for this year.$78.5$10.3$68.3$9.94$15.7$5.74
2015Detailed filing. Detailed filing data is available for this year.$91.2$5.90$85.3$11.8$14.9$3.18
2014Summary only. Only limited summary data is available for this year.$86.3$4.34$82.0$11.0$13.5$2.47
2013Summary only. Only limited summary data is available for this year.$80.6$3.79$76.8$13.9$12.9$1.04
2012Summary only. Only limited summary data is available for this year.$78.3$4.34$74.0$12.5$11.7$0.77
2011Summary only. Only limited summary data is available for this year.$82.6$3.47$79.2$17.1$11.9$5.18