The Morgan Family Foundation Incorporated
- Assets
- $14.0k
- Revenue
- $38.2k
- Investments
- $8.4k
- Employees
- 0
- Location
- Lutherville, MD
- Founding
- 12/1995
- Data as of
- 12/2020
- EIN
- 52-1853976
Organization Overview
The Morgan Family Foundation Incorporated is located in Lutherville, MD. The organization was established in 1995. 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 Family Foundation Incorporated 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 Incorporated generated $38.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (40.2%) each year. All expenses for the organization totaled $34.3k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (43.1%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James G Morgan President | 0 | $0 | |
Bernice Morgan Secretary-Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $37,861 |
| Interest on Savings | $0 |
| Dividends & Interest | $334 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $38,195 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,464 |
| Total operating and administrative expenses | $7,479 |
| Contributions, gifts, grants paid | $26,867 |
| Total expenses and disbursements | $34,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,546 |
| 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 | $8,423 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,969 |
| 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 Morgan Family Foundation Incorporated has awarded $26,867 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAH HEART ASSOCIATION PURPOSE: TO PROVIDE FUNDS FOR THE ORGANIZATION'S GENERAL PURPOSES WITHOUT ANY RESTRICTIONS. | $100 |
BALTIMORE BOYS OF SUMMER PURPOSE: TO PROVIDE FUNDS FOR THE ORGANIZATION'S GENERAL PURPOSES WITHOUT ANY RESTRICTIONS. | $100 |
CALVERT HALL COLLEGE PURPOSE: TO PROVIDE FUNDS FOR THE ORGANIZATION'S GENERAL PURPOSES WITHOUT ANY RESTRICTIONS. | $600 |
COMPASSION INTERNATIONAL PURPOSE: TO PROVIDE FUNDS FOR THE ORGANIZATION'S GENERAL PURPOSES WITHOUT ANY RESTRICTIONS. | $1,092 |
EVANS SCHOLARS FOUNDATION PURPOSE: TO PROVIDE FUNDS FOR THE ORGANIZATION'S GENERAL PURPOSES WITHOUT ANY RESTRICTIONS. | $250 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: TO PROVIDE FUNDS FOR THE ORGANIZATION'S GENERAL PURPOSES WITHOUT ANY RESTRICTIONS. | $500 |