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Morace Family Foundation A Nj Nonprofit Corporation

  • Ramsey, NJ
  • Tax-exempt since Feb. 2008
  • EIN: 26-1319299

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Public Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$39.9k (2025)

Expenses
$88.6k (2025)

Total Assets
$1.4M (2025)

Total Liabilities
$0 (2025)

Source: Form 990 tax filings from 2012 to 2025

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$39,917
Expenses
$88,552
Net Income
-$48,635
Net Assets
$1,400,781
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $45,424
> 100%
Sales of Assets -$5,507
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $82,355
93.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,400,781
Total Liabilities $0
Net Assets $1,400,781
Compensation
Key Employees and Officers Compensation Other
Barbara Ann Saderman (Director) $0 $0
John Morace (Director) $0 $0
Philip M Morace (Director) $0 $0
Catherine Warnet (Director) $0 $0
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Document Links

990-PF
Filed on Nov. 11, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$38,539
Expenses
$125,423
Net Income
-$86,884
Net Assets
$1,449,416
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $39,859
> 100%
Sales of Assets -$2,525
Other Income $1,205
3.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $106,284
84.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,449,416
Total Liabilities $0
Net Assets $1,449,416
Compensation
Key Employees and Officers Compensation Other
Barbara Ann Saderman (Director) $0 $0
John Morace (Director) $0 $0
Philip M Morace (Director) $0 $0
Catherine Warnet (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 18, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$24,037
Expenses
$153,541
Net Income
-$129,504
Net Assets
$1,536,300
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $22,387
93.1%
Sales of Assets $0
Other Income $1,650
6.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $124,500
81.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,537,005
Total Liabilities $705
Net Assets $1,536,300
Compensation
Key Employees and Officers Compensation Other
Barbara Ann Saderman (Director) $0 $0
John Morace (Director) $0 $0
Philip M Morace (Director) $0 $0
Catherine Warnet (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on May 14, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,308,753
Expenses
$106,420
Net Income
$1,202,333
Net Assets
$1,665,804
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $230,483
17.6%
Interest Revenue $0
Dividends $22,894
1.7%
Sales of Assets $1,055,376
80.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $88,054
82.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,666,445
Total Liabilities $641
Net Assets $1,665,804
Compensation
Key Employees and Officers Compensation Other
Barbara Ann Saderman (Director) $0 $0
John Morace (Director) $0 $0
Philip M Morace (Director) $0 $0
Catherine Warnet (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on May 15, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$93,530
Expenses
$27,111
Net Income
$66,419
Net Assets
$463,471
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $24,048
25.7%
Sales of Assets $69,482
74.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $21,836
80.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $463,471
Total Liabilities $0
Net Assets $463,471
Compensation
Key Employees and Officers Compensation Other
John Lmorace (Director) $0 $0
Barbara Ann Saderman (Director) $0 $0
John Morace (Director) $0 $0
Philip M Morace (Director) $0 $0
Catherine Warnet (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on May 16, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$54,409
Expenses
$54,325
Net Income
$84
Net Assets
$397,051
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $23,557
43.3%
Sales of Assets $29,773
54.7%
Other Income $1,079
2.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $49,560
91.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $397,052
Total Liabilities $1
Net Assets $397,051
Compensation
Key Employees and Officers Compensation Other
John Lmorace (Director) $0 $0
Barbara Ann Saderman (Director) $0 $0
John Morace (Director) $0 $0
Philip M Morace (Director) $0 $0
Catherine Warnet (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 2, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$23,031
Expenses
$36,139
Net Income
-$13,108
Net Assets
$396,968
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $22,337
97.0%
Sales of Assets $213
0.9%
Other Income $481
2.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $29,030
80.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $398,142
Total Liabilities $1,174
Net Assets $396,968
Compensation
Key Employees and Officers Compensation Other
John Lmorace (Director) $0 $0
Barbara Ann Saderman (Director) $0 $0
John Morace (Director) $0 $0
Philip M Morace (Director) $0 $0
Catherine Warnet (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 11, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$27,790
Expenses
$50,092
Net Income
-$77,882
Net Assets
$410,076
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $21,484
Sales of Assets -$49,453
Other Income $179
Notable Expenses Percent of Total Expenses
Charitable Disbursements $44,224
88.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $411,348
Total Liabilities $1,272
Net Assets $410,076
Compensation
Key Employees and Officers Compensation Other
John Lmorace (Director) $0 $0
Barbara Ann Saderman (Director) $0 $0
John Morace (Director) $0 $0
Philip M Morace (Director) $0 $0
Catherine Warnet (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 9, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$15,271
Expenses
$63,882
Net Income
-$48,611
Net Assets
$487,958
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $20,131
> 100%
Sales of Assets -$4,771
Other Income -$89
Notable Expenses Percent of Total Expenses
Charitable Disbursements $43,350
67.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $489,051
Total Liabilities $1,093
Net Assets $487,958
Compensation
Key Employees and Officers Compensation Other
John Lmorace (Director) $0 $0
Barbara Ann Saderman (Director) $0 $0
John Morace (Director) $0 $0
Philip M Morace (Director) $0 $0
Catherine Warnet (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 6, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$14,599
Expenses
$42,186
Net Income
-$27,587
Net Assets
$536,569
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $19,081
> 100%
Sales of Assets -$4,781
Other Income $299
2.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $34,333
81.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $536,569
Total Liabilities $0
Net Assets $536,569
Compensation
Key Employees and Officers Compensation Other
John Lmorace (Director) $0 $0
Barbara Ann Saderman (Director) $0 $0
John Morace (Director) $0 $0
Philip M Morace (Director) $0 $0
Catherine Warnet (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 15, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$22,075
Expenses
$61,014
Net Income
-$38,939
Net Assets
$564,156
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $17,636
79.9%
Sales of Assets $1,960
8.9%
Other Income $2,479
11.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $51,250
84.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $564,156
Total Liabilities $0
Net Assets $564,156
Compensation
Key Employees and Officers Compensation Other
John Lmorace (Director) $0 $0
Barbara Ann Saderman (Director) $0 $0
John Morace (Director) $0 $0
Philip M Morace (Director) $0 $0
Catherine Warnet (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 10, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$16,394
Expenses
$41,504
Net Income
-$25,110
Net Assets
$603,095
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $12,151
74.1%
Sales of Assets $3,287
20.1%
Other Income $956
5.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $38,061
91.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $603,095
Total Liabilities $0
Net Assets $603,095
Compensation
Key Employees and Officers Compensation Other
John Lmorace (Director) $0 $0
Barbara Ann Saderman (Director) $0 $0
John Morace (Director) $0 $0
Philip M Morace (Director) $0 $0
Catherine Warnet (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 10, 2014

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$17,864
Expenses
$32,318
Net Income
-$14,454
Net Assets
$628,204
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $13,268
74.3%
Sales of Assets $3,199
17.9%
Other Income $1,397
7.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $26,012
80.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $628,205
Total Liabilities $1
Net Assets $628,204

Document Links

990-PF
Filed on Jan. 8, 2014

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$12,324
Expenses
$33,135
Net Income
-$20,811
Net Assets
$642,660
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $13,783
> 100%
Sales of Assets $0
Other Income $123
1.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $32,136
97.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $642,661
Total Liabilities $1
Net Assets $642,660

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending June
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

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Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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