The Morello Foundation
The Morello Foundation is a private foundation, based in OCEAN CITY, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $327K in total assets. In 2024, it awarded 3 grants totaling $17K. Net investment income was $21K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$327K
+0.2% YoY
Annual Giving
$17K
+0.0% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$6K
+0.0% YoY
About The Morello Foundation
Based on IRS filings
The Morello Foundation is a private foundation, based in OCEAN CITY, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $327K in total assets. In 2024, it awarded 3 grants totaling $17K. Net investment income was $21K.
Ready to take the next step with The Morello Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $326,890 | $326,171 | $325,876 |
| Revenue | $20,616 | $21,666 | $15,740 |
| Expenses | $19,899 | $21,371 | $20,188 |
| Qualifying Distributions | $17,000 | $17,000 | $17,000 |
| Net Investment Income | $20,616 | $21,666 | $15,740 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL A MORELLO | Trustee | 1 | — |
| MATTHEW MORELLO | Trustee | 1 | — |
| JENNIFER MORELLO FISS | Trustee | 1 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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