Morean Family Foundation Inc

ST PETERSBURG, FL EIN: 59-3712705

Morean Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ST PETERSBURG, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 1 grants totaling $29K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.5M

-2.5% YoY

Annual Giving

$29K

-56.2% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$29K

-56.2% YoY

Under IRS private-foundation payout rules, Morean Family Foundation Inc reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.

About Morean Family Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $83K (48%)

Michigan $31K (18%)

Montana $29K (17%)

Oregon $20K (12%)

Maine $10K (6%)

States

Florida Maine Michigan Montana Oregon

Cities

BozemanEdgecombHollandPortlandSt Petersburg

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,488,606	$1,527,532	$1,635,056
Revenue	$169,178	$132,800	$199,654
Expenses	$208,104	$240,324	$75,524
Qualifying Distributions	$32,613	$90,092	$52,530
Net Investment Income	—	—	—
Distributable Amount	$3,232	—	$4,466

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

8 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Montana State University ($29,000).

Recipient	Purpose	Amount
Montana State University Bozeman, MT	Charitable	$29,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Beth Ann Morean	Director,Pres	1	—
Sean W Manning	Director	1	—
Shannon A Manning	Director	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Morean Family Foundation Inc?

Morean Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ST PETERSBURG, FL. It holds $1.5M in total assets as of 2024.

How large is Morean Family Foundation Inc?

As of 2024, Morean Family Foundation Inc holds $1.5M in total assets with $169K in annual revenue. It awarded 1 grants totaling $29K in 2024.

Where does Morean Family Foundation Inc operate?

Morean Family Foundation Inc has awarded grants in Florida, Maine, Michigan, Montana, Oregon.

What size grants does Morean Family Foundation Inc award?

In 2024, Morean Family Foundation Inc awarded 1 grants totaling $29K — an average of about $29K per grant, based on its IRS Form 990 filings.

How much is Morean Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Morean Family Foundation Inc reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.