Civic Intelligence

Morris Animal Foundation

990 • Fiscal year 2023 • EIN 84-6032307

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 27, 2024

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

24th percentile

0.07x

Higher debt load relative to assets than 24% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Liabilities / Revenue

61st percentile

0.68x

Higher debt load relative to revenue than 61% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Net Margin

6th percentile

-48%

Higher net margin than 6% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Top Officer Pay

35th percentile

$355,280

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Asset Growth

37th percentile

2.9%

Faster asset growth than 37% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Revenue Growth

9th percentile

-36%

Faster revenue growth than 9% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Assets

Up

$109,695,507

Up $3,042,078 (+2.9%) from 2022

Net Assets

Up

$101,873,627

Up $1,126,547 (+1.1%) from 2022

Liabilities

Up

$7,821,880

Up $1,915,531 (+32%) from 2022

Revenue

Down

$11,557,696

Down $6,510,235 (-36%) from 2022

Expenses

Up

$17,102,993

Up $1,993,612 (+13%) from 2022

Net Income

Down

-$5,545,297

Down $8,503,847 (-287%) from 2022

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

2023

Assets$109,695,507
Liabilities$7,821,880
Net Assets$101,873,627

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

2023

Revenue$11,557,696
Expenses$17,102,993
Net Income-$5,545,297
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 27, 2024
Return Version
2022v5.0
Gross Receipts
$11,663,119
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$70,237,638$70,713,420▲ $475,782
Investments in Publicly Traded Securities$23,308,145$26,716,494▲ $3,408,349
Cash and Non-Interest-Bearing Accounts$4,867,050$8,222,982▲ $3,355,932
Savings and Temporary Cash Investments$5,978,247$2,157,944▼ $3,820,303
Pledges and Grants Receivable$1,824,446$931,383▼ $893,063
Prepaid Expenses and Deferred Charges$331,059$363,671▲ $32,612
Land, Buildings, and Equipment, Net$106,844$46,261▼ $60,583
Total Assets$106,653,429$109,695,507▲ $3,042,078
Other Assets Total-$543,352-
Liabilities
Grants Payable$4,325,145$5,555,024▲ $1,229,879
Other Liabilities$722,219$1,195,329▲ $473,110
Accounts Payable and Accrued Expenses$858,985$1,071,527▲ $212,542
Total Liabilities$5,906,349$7,821,880▲ $1,915,531
Net Assets / Fund Balance
Net Assets With Donor Restrictions$64,881,725$65,851,728▲ $970,003
Net Assets Without Donor Restrictions$35,865,355$36,021,899▲ $156,544
Total Net Assets Fund Balance$100,747,080$101,873,627▲ $1,126,547
Total Liabilities and Net Assets / Fund Balance$106,653,429$109,695,507▲ $3,042,078

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$40,067$442,585$482,652
Leasehold Improvements$6,194$38,695$44,889
Other Securities$3,428,502--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$85,576,529$7,536,809▲ $5,762,295$5,008,732$86,654,123
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tiffany GrunertPresident/ceFT$321,475$33,805$355,280
Tiffany GrunertPresident/CEO-$269,475$85,805$355,280
Janet Patterson-kaneChief ScientFT$290,119$24,587$314,706
Janet Patterson-kaneChief Scientific Off-$264,789$49,917$314,706
Ryan WelchChief Devel.FT$229,503$25,619$255,122
Ryan WelchChief Devel. Off-$202,254$52,868$255,122
Carol BorchertChief MarketFT$197,765$23,387$221,152
Carol BorchertChief Marketing Off-$174,665$46,487$221,152
Sarah SvitakChief OperatFT$192,519$23,227$215,746
Sarah SvitakChief Operating Off-$170,119$45,627$215,746
Stacy Van BurenVP of FinancFT$191,552$18,497$210,049
Stacy Van BurenVP of Finance & Oper-$191,552$39,497$210,049
Gregory KnaddisonChief TechnoFT$169,773$28,284$198,057
Gregory KnaddisonChief Technology Off-$148,773$51,488$198,057
Kathleen TietjeChief PrograFT$152,517$27,937$180,454
Kathleen TietjeChief Programs Off-$129,313$34,980$180,454
Ryan McveighSr DatabaseFT$146,456$27,408$173,864
Ryan McveighSr Database Develop-$139,413$36,040$173,864
Joe MalusoDirector ofFT$138,947$30,341$169,288
Joe MalusoDirector of It-$130,315$41,321$169,288
Dan StencelVP of DeveloFT$140,807$19,233$160,040
Dan StencelVP of Development-$129,827$26,536$160,040
Leo KacenjarSr DatabaseFT$138,720$19,113$157,833
Leo KacenjarSr Database Develop-$131,417$19,113$157,833
Stacey RoigerDirector of FinFT$109,506$18,409$127,915

Highest Paid Contractors

ContractorServicesLocationCompensation
Gabriel GroupMarketing & F/rPO BOX 1000, Southeastern, PA 19398, Fr$582,930
Ausvet Europe SasConsulting-$110,885
Revenue and Support

Revenue Composition

Contributions and Grants
$11,345,193
Program Service Revenue
$0
Investment Income
$125,536
Other Revenue
$86,967
All Other Contributions
$11,345,193
Change in Net Assets
$-5,545,297

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded15$1,324,613Subsequent Selling Price
Total Noncash Contributions15$1,324,613-

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,293,898
Revenue Not Reported on Financial Statements
$263,798
Revenue Not Reported on Form 990
$7,120,694
Total Revenue per Audited Statements
$18,414,592
Total Revenue per Form 990
$11,557,696
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,335,556
Other Expenses$4,599,259
Grants and Similar Amounts Paid$4,588,848
Total Fundraising Expense$2,897,208
Professional Fundraising Fees$579,330

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,126,678$970,186$1,213,086$4,309,950
Grants to Domestic Orgs$3,055,163--$3,055,163
Current Officers, Directors, Trustees, and Key Employees$1,072,084$539,140$286,802$1,898,026
Fees for Services Other$1,469,438$109,201$19,573$1,598,212
Foreign Grants$1,213,445--$1,213,445
Fees for Services Professional Fundraising--$579,330$579,330
Office Expenses$474,874$3,448$53,844$532,166
Other Employee Benefits$271,137$91,486$106,853$469,476
Information Technology$190,532$96,803$168,055$455,390
Payroll Taxes$220,799$105,783$109,236$435,818
Occupancy$169,535$111,190$80,768$361,493
Grants to Domestic Individuals$320,240--$320,240
Fees for Service Investment Mgmnt Fees-$263,798-$263,798
Pension Plan Contributions$113,287$45,312$63,687$222,286
Conferences and Meetings$73,066$35,051$30,147$138,264
Advertising$96,040--$96,040
Travel$38,192$16,077$34,638$88,907
Depreciation Depletion$28,887$17,855$13,841$60,583
Fees for Services Accounting-$34,047-$34,047
Insurance$12,666$6,159$6,135$24,960
Fees for Services Legal-$9,200-$9,200
Other Expenses$3,796$2,996$1,813$8,605
Total Functional Expenses$11,374,875$2,830,910$2,897,208$17,102,993

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$17,288,045
Total Expenses per Form 990$17,102,993
Expenses per Audited Statements$16,628,129
Expenses Not Reported on Form 990$659,916
Expenses Not Reported on Financial Statements$474,864
Other Expense Adjustments$211,066
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Ohio State UniversityColumbus, OHGovAnimal Hlth Studies$270,984
University of DenverDenver, COGovAnimal Hlth Studies$264,290
Vaika IncEast Aurora, NY501c3Animal Hlth Studies$250,000
North Carolina State UniversityRaleigh, NCGovAnimal Hlth Studies$249,062
University of Wisconsin MadisonMadison, WIGovAnimal Hlth Studies$240,516
Tufts UniversityBoston, MAGovAnimal Hlth Studies$224,913
University of KentuckyLexington, KYGovAnimal Hlth Studies$211,400
University of CaliforniadavisLos Angeles, CAGovAnimal Hlth Studies$170,155
The University of GeorgiaAthens, GAGovAnimal Hlth Studies$149,892
Colorado State UniversityFort Collins, COGovAnimal Hlth Studies$132,038
University of MinnesotaSt Paul, MNGovAnimal Hlth Studies$130,000
University of Illinois Urbana-champUrbana, ILGovAnimal Hlth Studies$124,988
University of MissouriColumbia, MOGovAnimal Hlth Studies$100,000
Texas A&m Agrilife ResearchCollege Station, TXGovAnimal Hlth Studies$80,206
University of FloridaGainesville, FLGovAnimal Hlth Studies$75,000
University of WisconsinMadison, WIGovAnimal Hlth Studies$74,874
Virginia TechBlacksburg, VAGovAnimal Hlth Studies$74,134
Washington State UniversityPullman, WAGovAnimal Hlth Studies$71,546
Michigan State UniversityEast Lansing, MIGovAnimal Hlth Studies$50,000
Cornell UniversityIthaca, NYGovAnimal Hlth Studies$36,873
Acc&dPortland, OR501c3Animal Hlth Studies$25,005
Auburn UniversityAuburn, ALGovAnimal Hlth Studies$10,800
Stanford UniversityStanford, CAGovAnimal Hlth Studies$10,800
University of PennsylvaniaPhiladelphia, PAGovAnimal Hlth Studies$10,000

International Summary

Spending
$41,125,931

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 - AntiInvestmentsAnimal Hlth Studies--$24,763,563
Europe (including Iceland & Greenland) -InvestmentsAnimal Hlth Studies--$14,295,406
Europe - Netherlands, United KingdomGrantmaking---$915,749
North America - Canada and Mexico, But NInvestmentsAnimal Hlth Studies--$853,517
North America - CanadaGrantmaking---$222,696
Middle East & North Africa - IsraelGrantmaking---$75,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$579,330
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$634,072
Operating Lease Liability$561,257
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 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 policy. For the purposes of these policies, "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

Massachusetts, maryland, maine, michigan, minnesota, mississippi, north carolina, north dakota, new hampshire, new jersey, nevada, new york, ohio, oklahoma, oregon, pennsylvania, rhode island, south carolina, tennessee, utah, virginia, washington, wisconsin, west virginia

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
Ryan Welch
Title
Interim CEO
Phone
3037902345
Signed
2024-02-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ryan Welch
Formed
1948
Legal Domicile
Co
Voting Board Members
20
Independent Board Members
20
Employees
65
Volunteers
95

Preparer

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

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Morris animal foundation's (the foundation's) mission is to bridge science and resources to advance the health of animals. Since the foundation's 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: the 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 the foundation's mission. The foundations awareness program provides a range of educational information across formats/channels to ensure visibility, accessibility and impact, such as: information for researchers and scientists seeking funding, data or samples to support animal health studies, resources for veterinarians to advance expertise and clinical care, and resources for supporters and pet owners related to pet care, health conditions, and animal health issues at large. Program awareness efforts also support the foundations golden retriever lifetime study, the largest and longest study ever undertaken in the united states to understand cancer in dogs. Annual campaigns aim to generate awareness and support for critical animal health issues such as the stop cancer furever campaign promoting educational content related to the prevalance of pet cancer, and inspiring donations to fund prevention and treatment. The foundation also distributes ongoing animal health information to supporters and the general public through direct mail, quarterly newsletters, social media, public relations, and a range of digital content including a website that houses resources for all aforementioned efforts.

Form 990, Part XI, Line 9

Grants refunded/discontinued 211,066 change in value of charitable gift annuities 20,502 total 231,568 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 2023, the foundation discontinued projects with outstanding grant commitments of 119,865, and received a grant refund of 91,201. 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 & risk committee is responsible for selecting the independent auditor and monitoring the results of the annual audit. The audit & risk 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 20,502

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

Credits in f/s for grants refunded/discontinued 211,066

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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. THE FOUNDATION'S 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
2023Detailed filing. Detailed filing data is available for this year.$110$7.82$102$11.6$17.1$5.55
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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