Dudley And Walter Morgan Foundation
- Assets
- $511.0k
- Revenue
- $27.9k
- Investments
- $510.1k
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 04/1996
- Data as of
- 11/2022
- EIN
- 62-1585196
Organization Overview
Dudley And Walter Morgan Foundation is located in Nashville, TN. The organization was established in 1996. 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. Dudley And Walter Morgan 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 11/2022, Dudley And Walter Morgan Foundation generated $27.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 36.6% each year . All expenses for the organization totaled $20.5k during the year ending 11/2022. 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 |
|---|---|---|---|
Dudley Morgan President | 1 | $0 | |
William G Morgan Secretary | 0.25 | $0 | |
Walter M Morgan III Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,056 |
| Dividends & Interest | $12,982 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,894 |
| Capital Gain Net Income | $13,894 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,932 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $418 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12 |
| Total operating and administrative expenses | $6,451 |
| Contributions, gifts, grants paid | $14,000 |
| Total expenses and disbursements | $20,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $842 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $510,979 |
| 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, Dudley And Walter Morgan Foundation has awarded $14,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN UNIVERSITY PURPOSE: OPERATING FUND | $500 |
AMISTAD MISSION PURPOSE: OPERATING FUND | $500 |
FAITH FAMILY MEDICAL CLINIC PURPOSE: OPERATING FUND | $500 |
LWALA COMMUNITY ALLIANCE PURPOSE: OPERATING FUND | $500 |
LINVILLE VOLUNTEER FIRE DEPARTMENT PURPOSE: OPERARING FUND | $500 |
MONTGOMERY BELL ACADEMY PURPOSE: ANNUAL FUND | $500 |