James And Rebecca Morgan Charitable Foundation
- Assets
- $16.7m
- Revenue
- $448.3k
- Investments
- $13.4m
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 11/2005
- Data as of
- 05/2023
- EIN
- 20-2029688
Organization Overview
James And Rebecca Morgan Charitable Foundation is located in Los Altos, CA. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, 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. James And Rebecca Morgan Charitable Foundation 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 05/2023, James And Rebecca Morgan Charitable Foundation generated $448.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (28.8%) each year. All expenses for the organization totaled $4.7m during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, James And Rebecca Morgan Charitable Foundation has awarded 122 individual grants totaling $8,710,255. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Morgan President/ceo | 1 | $0 | |
James Morgan CFO / Chairman | 1 | $0 | |
Linda Verhulp Secretary | 25 | $166,675 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $44,073 |
| Interest on Savings | $106,944 |
| Dividends & Interest | $218,571 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $78,174 |
| Capital Gain Net Income | $78,174 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $490 |
| Total Revenue | $448,252 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $166,675 |
| Other employee salaries and wages | $151,563 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $46,018 |
| Travel, conferences, and meetings | $9,747 |
| Printing and publications | $42,086 |
| Other expenses | $58,423 |
| Total operating and administrative expenses | $741,835 |
| Contributions, gifts, grants paid | $3,976,250 |
| Total expenses and disbursements | $4,718,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,295,091 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,500,129 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,698,288 |
| Accounts payable and accrued expenses | $27,245 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $27,245 |
Grants Awarded
Over the last fiscal year, James And Rebecca Morgan Charitable Foundation has awarded $3,976,250 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOCIATION OF FUNDRAISING PROFESSIONALS PURPOSE: PUBLIC CHARITY | $4,000 |
CREATIVE LIVES PURPOSE: PUBLIC CHAIRTY | $72,500 |
PLANNED PARENTHOOD MAR MONTE PURPOSE: PUBLIC CHARITY | $500,000 |
ALF SILICON VALLEY PURPOSE: PUBLIC CHARITY | $25,000 |
AVENIDAS PURPOSE: PUBLIC CHARITY | $2,500 |
WOMEN'S SPORTS FOUNDATION PURPOSE: PUBLIC CHARITY | $6,525 |