Pete Morgan Foundation Trust
- Assets
- $1.0m
- Revenue
- $367.7k
- Investments
- $993.6k
- Employees
- 0
- Location
- Denver, CO
- Founding
- 12/2000
- Data as of
- 12/2022
- EIN
- 47-0833529
Organization Overview
Pete Morgan Foundation Trust is located in Denver, CO. The organization was established in 2000. According to its NTEE Classification (T90) the organization is classified as: Named Trusts 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. Pete Morgan 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, Pete Morgan Foundation Trust generated $367.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.4% each year . All expenses for the organization totaled $882.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Pete Morgan Foundation Trust has awarded 23 individual grants totaling $4,155,720. 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 | $352 |
| Dividends & Interest | $31,388 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $335,928 |
| Capital Gain Net Income | $335,928 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $367,668 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $27,170 |
| Contributions, gifts, grants paid | $855,000 |
| Total expenses and disbursements | $882,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,379 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,020,941 |
| 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, Pete Morgan Foundation Trust has awarded $855,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHRIST THE KING ANGLICAN CHURCH PURPOSE: GENERAL SUPPORT | $100,000 |
HOPE RISING HAITI PURPOSE: GENERAL SUPPORT | $100,000 |
VALOR CHRISTIAN SCHOOLS PURPOSE: GENERAL SUPPORT | $125,000 |
SAVE OUR YOUTH PURPOSE: GENERAL SUPPORT | $15,000 |
WELLSPRING CHURCH PURPOSE: GENERAL SUPPORT | $515,000 |