The Kenneth D Morgan Charitable Foundation Trust
- Assets
- $294.4k
- Revenue
- $34.7k
- Investments
- $291.8k
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 30-6404110
Organization Overview
The Kenneth D Morgan Charitable Foundation Trust is located in Sarasota, FL. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Kenneth D Morgan Charitable Foundation Trust 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, Kenneth D Morgan Charitable Foundation Trust generated $34.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 25.9% each year . All expenses for the organization totaled $81.3k during the year ending 12/2022. While expenses have increased by 28.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kenneth D Morgan Charitable Foundation Trust has awarded 29 individual grants totaling $135,500. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $10,300 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,370 |
| Capital Gain Net Income | $24,370 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $34,677 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $154 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $44,158 |
| Total operating and administrative expenses | $45,262 |
| Contributions, gifts, grants paid | $36,000 |
| Total expenses and disbursements | $81,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,620 |
| 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 | $67,901 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $294,381 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, The Kenneth D Morgan Charitable Foundation Trust has awarded $36,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION OF SARASOTA CO PURPOSE: CHARITABLE | $8,000 |
DARDEN SCHOOL ANNUAL FUND PURPOSE: EDUCATIONAL | $250 |
DARDEN SCHOOL UNIV OF VA NORTHERN EUROPEAN SCHOLARSHIP FD PURPOSE: EDUCATIONAL SCHOLARSHIP | $7,750 |
UNITARIAN UNIVERSALIST FELLOWSHIP OF VERO BEACH PURPOSE: CHARITABLE | $4,000 |
CROSSOVER MISSION INC PURPOSE: CHARITABLE | $4,000 |
FRIENDS AFTER DIAGNOSIS PURPOSE: CHARITABLE | $2,000 |