Dave And Wendy Morgan Foundation
- Assets
- $16.0m
- Revenue
- $12.6m
- Investments
- $15.5m
- Employees
- 0
- Location
- Snohomish, WA
- Founding
- Data as of
- 12/2022
- EIN
- 85-2477960
Organization Overview
Dave And Wendy Morgan Foundation is located in Snohomish, WA. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Dave And Wendy 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 12/2022, Dave And Wendy Morgan Foundation generated $12.6m in total revenue. All expenses for the organization totaled $807.1k during the year ending 12/2022.
Since 2021, Dave And Wendy Morgan Foundation has awarded 88 individual grants totaling $2,141,445. 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 |
|---|---|---|---|
Dave Morgan President | 4 | $0 | |
Wendy J Morgan Vice Pres. | 2 | $0 | |
Christopher Morgan Treasurer | 4 | $0 | |
Karren Morgan Secretary | 4 | $0 | |
Marc Morgan Director | 1 | $0 | |
James P Morgan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,413,360 |
| Interest on Savings | $0 |
| Dividends & Interest | $267,348 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$121,474 |
| Capital Gain Net Income | $8,344,057 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,559,234 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $33,429 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $150 |
| Total operating and administrative expenses | $39,859 |
| Contributions, gifts, grants paid | $767,248 |
| Total expenses and disbursements | $807,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,016 |
| Savings and temporary cash investments | $248,797 |
| 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 | $10,000 |
| Total assets | $15,970,860 |
| 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, Dave And Wendy Morgan Foundation has awarded $767,248 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ADAM COLOSIMO FOUNDATION PURPOSE: SUPPORT PROGRAMS | $10,000 |
ANACONDA COMMUNITY PURPOSE: SUPPORT PROGRAMS | $15,000 |
BELLA HOUSE PURPOSE: SUPPORT PROGRAMS | $15,000 |
BLACKFEET CDL PURPOSE: 10 X COMMERCIAL DRIVER LICENSE COURSE CDL | $90,000 |
BOYS & GIRLS SNOHOMISH PURPOSE: SUPPORT PROGRAMS | $20,000 |
DANIELLE BYRON HENRY MIGRAINE FOUNDATION PURPOSE: MIGRAINE EDUCATION | $60,000 |