Edwin E And Ruby C Morgan Foundation Inc
- Assets
- $19.5m
- Revenue
- $598.9k
- Investments
- $19.1m
- Employees
- 0
- Location
- Flowood, MS
- Founding
- 02/1983
- Data as of
- 12/2022
- EIN
- 64-0667872
Organization Overview
Edwin E And Ruby C Morgan Foundation Inc is located in Flowood, MS. The organization was established in 1983. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Edwin E And Ruby C Morgan Foundation Inc 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, Edwin E And Ruby C Morgan Foundation Inc generated $598.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Edwin E And Ruby C Morgan Foundation Inc has awarded 215 individual grants totaling $6,749,130. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Miller Reid Pres/treas/dir | 35 | $254,178 | |
Miller David Reid Vp/sec/dir | 40 | $122,865 | |
Philip L Colson Director | 0.5 | $1,606 | |
Karen M Morgan Director | 0.5 | $1,606 | |
Ge Morgan Director | 0.5 | $1,606 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,034 |
| Dividends & Interest | $594,063 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $777 |
| Capital Gain Net Income | $777 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $24 |
| Total Revenue | $598,898 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $381,861 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $97,511 |
| Interest | $0 |
| Taxes | $8,000 |
| Depreciation | $4,294 |
| Occupancy | $9,667 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,847 |
| Total operating and administrative expenses | $511,111 |
| Contributions, gifts, grants paid | $825,865 |
| Total expenses and disbursements | $1,336,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130 |
| Savings and temporary cash investments | $226,566 |
| 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 | $143,296 |
| Other assets | $0 |
| Total assets | $19,472,688 |
| 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, Edwin E And Ruby C Morgan Foundation Inc has awarded $825,865 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
CCVNA & HOSPICE INC PURPOSE: GENERAL OPERATING EXPENSES | $3,000 |
DELIVER ME SENIOR SUPPORT SERVICES PURPOSE: GENERAL OPERATING EXPENSES | $30,000 |
DELIVER ME SENIOR SUPPORT SERVICES PURPOSE: SALARY SUPPORT | $10,765 |
DELIVER ME SENIOR SUPPORT SERVICES PURPOSE: GLASSES & HEARING AIDS | $10,000 |
HOSPICE GIVING FOUNDATION PURPOSE: GENERAL OPERATING EXPENSES | $4,000 |
MISSISSIPPI FOOD NETWORK PURPOSE: GENERAL OPERATING EXPENSES | $40,000 |