Frank a Morbeck Community Foundation
Frank a Morbeck Community Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WALLACE, ID. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.1M in total assets. In 2024, it awarded 31 grants totaling $146K. Net investment income was $307K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.1M
+6.6% YoY
Annual Giving
$146K
-3.5% YoY
Grant Count
31
+24.0% YoY
Avg Grant Size
$5K
-22.1% YoY
Under IRS private-foundation payout rules, Frank a Morbeck Community Foundation reported a distributable amount of $163K for 2024 — the minimum it must pay out in qualifying distributions.
About Frank a Morbeck Community Foundation
Based on IRS filings
Frank a Morbeck Community Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WALLACE, ID. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.1M in total assets. In 2024, it awarded 31 grants totaling $146K. Net investment income was $307K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,083,752 | $2,893,180 | $2,953,226 |
| Revenue | $337,942 | $127,657 | $105,927 |
| Expenses | $182,097 | $187,703 | $182,699 |
| Qualifying Distributions | $151,142 | $155,683 | $159,729 |
| Net Investment Income | $306,987 | $106,237 | $83,557 |
| Distributable Amount | $163,100 | $150,795 | $151,801 |
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 2024
Grant Size Distribution
149 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Wallace School District ($32,350), University of Idaho ($21,980), Lewis Clark State College ($13,490).
| Recipient | Purpose | Amount |
|---|---|---|
| WALLACE SCHOOL DISTRICT WALLACE, ID | EDUCATIONAL SUPPORT AND EQUIPMENT | $32,350 |
| WALLACE CHAMBER OF COMMERCE WALLACE, ID | VISITOR CENTER MAINTENANCE | $6,000 |
| NINE MILE CEMETERY ASSOC INC WALLACE, ID | CEMETERY MAINTENANCE | $1,000 |
| UNIVERSITY OF IDAHO MOSCOW, ID | SCHOLARSHIPS | $21,980 |
| LEWIS CLARK STATE COLLEGE LEWISTON, ID | SCHOLARSHIPS | $13,490 |
| NORTH IDAHO COLLEGE COEUR DALENE, ID | SCHOLARSHIPS | $6,805 |
| BOISE STATE UNIVERSITY BOISE, ID | SCHOLARSHIPS | $8,690 |
| WALLACE ELKS LODGE 331 WALLACE, ID | MAINTENANCE | $11,000 |
| SIXTH STREET MELODRAMA WALLACE, ID | ARTS | $1,700 |
| MINING HERITAGE EXHIBIT WALLACE, ID | EDUCATION | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL BRANSTETTER | President | 1 | $100 |
| DICK VESTER | Vice President | 1 | $100 |
| JULIE MAGNUSON | SECRETARY/TREAS | 2 | $5,000 |
| JENNIFFER CARRICO | Director | 1 | $50 |
| MARILYN WHITE | Director | 1 | $100 |
| CHRIS LUND | Director | 1 | $100 |
| KATHY ZANETTI | Director | 1 | $100 |
| BILL MOONEY | Director | 1 | $100 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Frank a Morbeck Community Foundation?
Frank a Morbeck Community Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WALLACE, ID. It holds $3.1M in total assets as of 2024.
How large is Frank a Morbeck Community Foundation?
As of 2024, Frank a Morbeck Community Foundation holds $3.1M in total assets with $338K in annual revenue. It awarded 31 grants totaling $146K in 2024.
Where does Frank a Morbeck Community Foundation operate?
Frank a Morbeck Community Foundation has awarded grants in Arizona, California, Idaho, Montana, Oregon, Texas, Washington, Wisconsin, West Virginia.
What size grants does Frank a Morbeck Community Foundation award?
In 2024, Frank a Morbeck Community Foundation awarded 31 grants totaling $146K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Frank a Morbeck Community Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Frank a Morbeck Community Foundation reported a distributable amount of $163K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Frank a Morbeck Community Foundation's EIN?
Frank a Morbeck Community Foundation's EIN (Employer Identification Number) is 82-0509175. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Frank a Morbeck Community Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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