Morgan Charitable Foundation
- Assets
- $4.8m
- Revenue
- $308.6k
- Investments
- $4.5m
- Employees
- 0
- Location
- Overland Park, KS
- Founding
- 03/2016
- Data as of
- 12/2023
- EIN
- 47-5577049
Organization Overview
Morgan Charitable Foundation is located in Overland Park, KS. The organization was established in 2016. 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. 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.
Since 2020, Morgan Charitable Foundation has awarded 16 individual grants totaling $1,363,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A -- REFER TO PART XIV -- ALL OF THE FOUNDATION'S CHARITABLE ACTIVITIES ARE CASH CONTRIBUTIONS PAID DIRECTLY TO TAX EXEMPT CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd D Morgan President/secretary/director | 1 | $0 | |
Jeremy Morgan Vice President/director | 1 | $0 | |
Timothy Morgan Vice President/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $53,099 |
| Dividends & Interest | $166,109 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $89,369 |
| Capital Gain Net Income | $89,369 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $308,577 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $508 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $29,773 |
| Contributions, gifts, grants paid | $337,000 |
| Total expenses and disbursements | $366,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,022 |
| Savings and temporary cash investments | $79,421 |
| 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 | $102,146 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $189,177 |
| Total assets | $4,778,164 |
| 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, Morgan Charitable Foundation has awarded $337,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHURCH OF THE RESURRECTION PURPOSE: CHANGE LIVES, RENEW CHURCHES AND TRANSFORM COMMUNITIES | $200,000 |
YOUNG LIFE MIDWEST DEVELOPMENT PURPOSE: TO INTRODUCE ADOLESCENTS TO JESUS CHRIST AND HELP THEM GROW IN THEIR FAITH | $10,000 |
STARLIGHT THEATRE ASSOCIATION OF KANSAS CITY PURPOSE: TO CONNECT OUR COMMUNITY THROUGH LIVE ARTS EXPERIENCES THAT ENTERTAIN, INSPIRE AND ENGAGE | $100,000 |
RHODES COLLEGE PURPOSE: TO PROVIDE A RESIDENTIAL PLACE OF LEARNING THAT INSPIRES INTEGRITY AND HIGH ACHIEVEMENT THROUGH ITS BEAUTY, ITS EMPHASIS ON VALUE, ITS PRESBYTERIAN HISTORY, AND ITS HERITAGE AS A LEADER IN THE LIBERAL ARTS AND SCIENCES | $25,000 |
NORTHLAND THERAPEUTIC RIDING CENTER PURPOSE: TO IMPROVE THE QUALITY OF LIFE FOR PERSONS WITH SPECIAL NEEDS THROUGH EQUINE ASSISTED ACTIVITIES AND THERAPIES | $2,000 |