Frisbie Morbella Foundation

THOMPSON FALLS, MT EIN: 26-2448409

Frisbie Morbella Foundation is a private foundation focused on Human Services, based in THOMPSON FALLS, MT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 5 grants totaling $47K. Net investment income was $68K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.4M

+1.5% YoY

Annual Giving

$47K

+1454.3% YoY

Grant Count

+150.0% YoY

Avg Grant Size

$9K

+521.7% YoY

Under IRS private-foundation payout rules, Frisbie Morbella Foundation reported a distributable amount of $69K for 2024 — the minimum it must pay out in qualifying distributions.

About Frisbie Morbella Foundation

Based on IRS filings

Focus Areas

Human Services

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Montana $301K (100%)

North Carolina $500 (0%)

States

Montana North Carolina

Cities

BoonePlainsThompson FallsTrout Creek

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,427,661	$1,406,588	$1,373,362
Revenue	$69,343	$37,098	$3,455
Expenses	$48,270	$3,872	$126,939
Qualifying Distributions	$46,630	$3,000	$126,769
Net Investment Income	$68,303	$37,051	$3,385
Distributable Amount	$69,464	$68,053	$73,224

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Grant Size Distribution

32 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Thompson Falls School Dist #2 ($14,530), Sanders County ($10,000), Thompson River Animal Care Shelter ($10,000).

Recipient	Purpose	Amount
SANDERS COUNTY THOMPSON FALLS, MT	COUNTY SCHOOL BACKPACK PROGRAM	$10,000
THOMPSON RIVER ANIMAL CARE SHELTER THOMPSON FALLS, MT	COMMUNITY SUPPORT	$10,000
THOMPSON FALLS PUBLIC LIBRARY THOMPSON FALLS, MT	COMPUTER SERVER UPGRADE	$10,000
THOMPSON FALLS WOMEN'S CLUB THOMPSON FALLS, MT	FEEDBACK SPEED SIGNS FOR CITY	$2,100
THOMPSON FALLS SCHOOL DIST #2 THOMPSON FALLS, MT	ATHLETIC DEPT	$14,530

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MICHAEL BAXTER	PRES/DIRECTOR	—	—
KATE BAXTER	SEC/TREAS	—	—

Subject Areas

Focus areas based on grantmaking activity

Human Services

Frequently Asked Questions

What is Frisbie Morbella Foundation?

Frisbie Morbella Foundation is a private foundation focused on Human Services, based in THOMPSON FALLS, MT. It holds $1.4M in total assets as of 2024.

How large is Frisbie Morbella Foundation?

As of 2024, Frisbie Morbella Foundation holds $1.4M in total assets with $69K in annual revenue. It awarded 5 grants totaling $47K in 2024.

Where does Frisbie Morbella Foundation operate?

Frisbie Morbella Foundation has awarded grants in Montana, North Carolina.

What size grants does Frisbie Morbella Foundation award?

In 2024, Frisbie Morbella Foundation awarded 5 grants totaling $47K — an average of about $9K per grant, based on its IRS Form 990 filings.

How much is Frisbie Morbella Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Frisbie Morbella Foundation reported a distributable amount of $69K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.