Glenda G Morgan Charitable Foundation Inc
- Assets
- $20.3m
- Revenue
- $784.8k
- Investments
- $11.9m
- Employees
- 0
- Location
- Winter Park, FL
- Founding
- 12/2006
- Data as of
- 12/2022
- EIN
- 20-0525462
Organization Overview
Glenda G Morgan Charitable Foundation Inc is located in Winter Park, FL. The organization was established in 2006. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glenda G Morgan Charitable Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Glenda G Morgan Charitable Foundation Inc generated $784.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $880.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Glenda G Morgan Charitable Foundation Inc has awarded 87 individual grants totaling $3,760,963. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS OPERATED FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF ITS SUPPORTED ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES FINANCIAL SUPPORT TO ITS SUPPORTED ORGANIZATIONS AND/OR TO OTHER PUBLIC CHARITIES, THE SUPPORT OF WHICH ARE WITHIN THE CHARITABLE PURPOSES OF ANY OF THE SUPPORTED ORGANIZATIONS, AS DETERMINED BY THE BOARD OF DIRECTORS OF THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul W Morgan President | OfficerTrustee | 8 | $0 |
Mary Beth Morgan Secretary/treasurer | OfficerTrustee | 40 | $69,640 |
John T Cash Jr Director | Trustee | 1 | $0 |
Edward Cole Director | Trustee | 1 | $0 |
Denise Cipriano Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,000 |
| Total Program Service Revenue | $0 |
| Investment income | $842,697 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$77,789 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $784,757 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $487,057 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $12,741 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $69,640 |
| Compensation of current officers, directors, key employees. | $69,640 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,000 |
| Fees for services: Accounting | $2,405 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,386 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,000 |
| Travel | $2,905 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $93,010 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $22,857 |
| All other expenses | $6 |
| Total functional expenses | $880,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,566 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,650,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,938,168 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $689,293 |
| Total assets | $20,343,027 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,250,000 |
| Total liabilities | $3,250,000 |
| Net assets without donor restrictions | $17,093,027 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,343,027 |
Grants Awarded
Over the last fiscal year, Glenda G Morgan Charitable Foundation Inc has awarded $472,057 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
SOCIAL ENTERPRISE FUND PURPOSE: GENERAL SUPPORT | $82,585 |
EVERY KIDS OUTREACH PURPOSE: GENERAL SUPPORT | $50,000 |
ELEVATION PURPOSE: GENERAL SUPPORTGENERAL SUPPORT | $85,000 |
4ROOTS PURPOSE: GENERAL SUPPORT | $25,000 |
AIR PURPOSE: GENERAL SUPPORT | $10,000 |
UCF FOUNDATION PURPOSE: GENERAL SUPPORT | $56,162 |