Morgan Family Foundation
- Assets
- $51.8m
- Revenue
- $1.6m
- Investments
- $50.3m
- Employees
- 0
- Location
- Yellow Springs, OH
- Founding
- 10/2003
- Data as of
- 12/2020
- EIN
- 30-0205024
Organization Overview
Morgan Family Foundation is located in Yellow Springs, OH. The organization was established in 2003. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Morgan Family 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 12/2020, Morgan Family Foundation generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (26.8%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Morgan Family Foundation has awarded 574 individual grants totaling $9,345,181. 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 |
|---|---|---|---|
Lori M Kuhn Exec. Director/secretary | 32 | $161,000 | |
Stephen T Williams Cfo/assistant Treasurer | 30 | $90,425 | |
Barclay Carriar Treasurer | 1 | $4,650 | |
Lee M Morgan President | 1.25 | $4,650 | |
Victoria A Morgan Vice President | 1 | $4,400 | |
Erica Smith Director | 1 | $4,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $179 |
| Dividends & Interest | $1,047,065 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $522,014 |
| Capital Gain Net Income | $522,014 |
| Net ST Capital Gain | $0 |
| Income Modifications | $5,773 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,983 |
| Total Revenue | $1,582,241 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $266,701 |
| Other employee salaries and wages | $43,497 |
| Pension plans, employee benefits | $122,276 |
| Interest | $0 |
| Taxes | $35,202 |
| Depreciation | $9,818 |
| Occupancy | $14,886 |
| Travel, conferences, and meetings | $9,567 |
| Printing and publications | $0 |
| Other expenses | $58,077 |
| Total operating and administrative expenses | $976,604 |
| Contributions, gifts, grants paid | $2,032,467 |
| Total expenses and disbursements | $3,009,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,106,851 |
| 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 | $47,377,613 |
| Net Land, buildings, and equipment | $45,000 |
| Other assets | $337,592 |
| Total assets | $51,827,477 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $200,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | -$253 |
| Total liabilities | $199,747 |
Grants Awarded
Over the last fiscal year, Morgan Family Foundation has awarded $2,271,480 in support to 170 organizations.
| Grant Recipient | Amount |
|---|---|
SAHAN JOURNAL PURPOSE: (COMPETITIVE) CLIMATE CHANGE REPORTING AND EDITORIAL SUPPORT, YEAR 1 OF 2 | $140,000 |
Yellow Springs, OH PURPOSE: (COMPETITIVE) INCREASING SUSTAINABLE ENROLLMENT FOR A COLLEGE OF PRACTICE | $100,000 |
St Cloud, MN PURPOSE: (COMPETITIVE) EXPANSION BEYOND THE "TIPPING POINT:" BUILDING CAPACITY FOR LIGHT THE LEGACY | $90,000 |
Fergus Falls, MN PURPOSE: (COMPETITIVE) CLIMATE ACTION PROJECT | $89,250 |
St Cloud, MN PURPOSE: (COMPETITIVE) BLACK LEADERS FOR STUDENT SUCCESS | $85,000 |
Minneapolis, MN PURPOSE: (COMPETITIVE) MINNESOTA'S CLEAN ENERGY RESOURCE TEAM'S (CERTS) BIPOC PROJECT SEED GRANTS | $85,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Progressive Insurance Foundation Cleveland, OH | $7,804,354 | $47,823,383 |
Arconic Charitable Foundation Pittsburgh, PA | $0 | $10,360,918 |
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Alcoa Foundation Pittsburgh, PA | $146,938,296 | $5,082,676 |
Third Federal Foundation Cleveland, OH | $35,709,526 | $3,618,702 |
Gii Charities Grand Rapids, MI | $4,065,002 | $6,112,431 |
Star Foundation Bethlehem, PA | $0 | $17,247 |
Westfield Insurance Foundation Westfield Center, OH | $42,931,784 | $4,362,594 |
Giant Eagle Foundation Pittsburgh, PA | $15,044,604 | $6,408,453 |
Morgan Family Foundation Yellow Springs, OH | $51,827,477 | $1,582,241 |
Harry M And Violet Turner Charitable Trust Springfield, OH | $29,217,065 | $2,348,308 |
Penske Foundation Inc Bloomfield Hills, MI | $17,008,099 | $10,243,924 |