Felix and Angela Morales Memorial
Felix and Angela Morales Memorial is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $3.0M in total assets. In 2023, it awarded 22 grants totaling $137K. Net investment income was $279K.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$3.0M
+48.7% YoY
Annual Giving
$137K
+270.6% YoY
Grant Count
22
+633.3% YoY
Avg Grant Size
$6K
-49.5% YoY
Under IRS private-foundation payout rules, Felix and Angela Morales Memorial reported a distributable amount of $149K for 2023 — the minimum it must pay out in qualifying distributions.
About Felix and Angela Morales Memorial
Based on IRS filings
Felix and Angela Morales Memorial is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $3.0M in total assets. In 2023, it awarded 22 grants totaling $137K. Net investment income was $279K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $3,027,047 | $2,036,222 | $2,111,749 |
| Revenue | $496,747 | $255,052 | $328,925 |
| Expenses | $406,122 | $330,579 | $230,976 |
| Qualifying Distributions | $364,041 | $220,029 | $122,723 |
| Net Investment Income | $278,718 | $33,360 | $62,692 |
| Distributable Amount | $148,953 | $105,023 | $119,753 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2023
Grant Size Distribution
36 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Direct Charitable Activities - Deat ($45,000), Direct Charitable Activities - Back ($25,489), Direct Charitable Activities - Coll ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DIRECT CHARITABLE ACTIVITIES - BACK HOUSTON, TX | DIRECT CHARITABLE ACTIVITIES - SEE PART 8A | $25,489 |
| DIRECT CHARITABLE ACTIVITIES - COLL HOUSTON, TX | DIRECT CHARITABLE ACTIVITIES - SEE PART 8A | $25,000 |
| DIRECT CHARITABLE ACTIVITIES - DEAT HOUSTON, TX | DIRECT CHARITABLE ACTIVITIES - SEE PART 8A | $45,000 |
| AAMA AAMA SANCHEZ CHARTER SCHOOL HOUSTON, TX | EVENT SPONSOR | $1,000 |
| BARRIO DOGS HOUSTON, TX | DONATION | $3,500 |
| BAYLOR COLLEGE OF MEDICINE BIOTECH ACADEMY HOUSTON, TX | SPONSOR OF HOSA STUDENT PROGRAMING | $1,000 |
| CAREER & RECOVERY RESOURCES INC HOUSTON, TX | EVENT SPONSOR | $1,000 |
| CARRILLO ELEMENTARY PTO HOUSTON, TX | EVENT SPONSOR | $2,000 |
| EL CENTRO DE CORAZN HOUSTON, TX | EVENT SPONSOR | $3,000 |
| HOUSTON BUSINESS JOURNAL HOUSTON, TX | EVENT SPONSOR | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHRISTINA MORALES | PRESIDENT | 12 | — |
| ADRIAN NIETO | VICE PRESIDENT | 12 | — |
| RICHARD C VARA | FOUNDING BOARDMEMBER | 12 | — |
| ANGELA KRASNICK | FOUNDING BOARDMEMBER | 12 | — |
| HECTOR BELTRAN | BOARD MEMBER | 12 | — |
| JOE MORALES | BOARD MEMBER | 12 | — |
| ANTHONY KRASNICK | BOARD MEMBER | 12 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Felix and Angela Morales Memorial?
Felix and Angela Morales Memorial is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. It holds $3.0M in total assets as of 2023.
How large is Felix and Angela Morales Memorial?
As of 2023, Felix and Angela Morales Memorial holds $3.0M in total assets with $497K in annual revenue. It awarded 22 grants totaling $137K in 2023.
Where does Felix and Angela Morales Memorial operate?
Felix and Angela Morales Memorial has awarded grants in Texas.
What size grants does Felix and Angela Morales Memorial award?
In 2023, Felix and Angela Morales Memorial awarded 22 grants totaling $137K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Felix and Angela Morales Memorial required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Felix and Angela Morales Memorial reported a distributable amount of $149K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Felix and Angela Morales Memorial's EIN?
Felix and Angela Morales Memorial's EIN (Employer Identification Number) is 76-0428633. IRS Form 990 filing data is available on this page for 2020–2023.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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