Philip Morgan Foundation
- Assets
- $103.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Emerson, NJ
- Founding
- Data as of
- 12/2023
- EIN
- 87-2070795
Organization Overview
Philip Morgan Foundation is located in Emerson, NJ. 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. Philip 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 12/2023, Philip Morgan Foundation generated $14.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (49.7%) each year.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDED SUPPORT AND ASSISTANCE TO FAMILIES EXPERIENCING THE HARDSHIPS ASSOCIATED WITH THE TERMINAL OR DEVASTING ILLNESS OF A LOVED ONE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Morgan President | 5 | $0 | |
Frank Manning Treasurer | 5 | $0 | |
Jamie Marotti-Morgan Secretary | 5 | $0 | |
Amy Morgan Founder | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,374 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $202 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $9,550 |
| Other Revenue | $0 |
| Total Revenue | $14,126 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,750 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $230 |
| Other expenses | $912 |
| Total expenses | $10,892 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $103,355 |
| Other assets | $0 |
| Total assets | $103,355 |
| Total liabilities | $0 |
| Net assets or fund balances | $103,355 |