Roy T Morgan Foundation
- Assets
- $3.1m
- Revenue
- $158.0k
- Investments
- $3.0m
- Employees
- 0
- Location
- Warwick, RI
- Founding
- 03/1977
- Data as of
- 03/2024
- EIN
- 05-0368103
Organization Overview
Roy T Morgan Foundation is located in Warwick, RI. The organization was established in 1977. 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. Roy T 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 03/2024, Roy T Morgan Foundation generated $158.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $293.5k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Roy T Morgan Foundation has awarded 90 individual grants totaling $1,864,747. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Gutterson Director | 0 | $0 | |
Elizabeth Boles Gutterson Former Director | 0 | $3,000 | |
Kristine Campagna Secretary | 0 | $3,000 | |
Margaret Boles Fitzgerald Vice President | 0 | $3,000 | |
Ralph M Kinder President | 0 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $106,502 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,053 |
| Capital Gain Net Income | $45,053 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,417 |
| Total Revenue | $157,972 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,065 |
| Total operating and administrative expenses | $53,702 |
| Contributions, gifts, grants paid | $239,830 |
| Total expenses and disbursements | $293,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,072 |
| Savings and temporary cash investments | $37,502 |
| 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 | $1,239,736 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,096,422 |
| 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, Roy T Morgan Foundation has awarded $239,830 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
J ARTHUR TRUDEAU MEMORIAL CENTER PURPOSE: TO SUPPORT THE EARLY INTERVENTION PROGRAM | $11,900 |
SARGENT REHABILITATION CENTER PURPOSE: ROY T. MORGAN FAMILY ACADEMY PROGRAM | $35,000 |
LATHAM CENTERS PURPOSE: TO BE USED AS FOLLOWS: $30,000 FOR ACTIVITIES OF DAILY LIVING, $23,000 FOR THE KITCHEN RENOVATION AND EXPANSION PROJECT, $7,000 FOR DOCUMENTARY FILM PROJECT | $60,000 |
BOY SCOUNTS OF AMERICA PURPOSE: TO BE USED FOR THE 2024 SPECIAL NEEDS SCOUTING PROGRAM. | $10,000 |
MEETING STREET CENTER PURPOSE: PURCHASE NEW MACHINES FOR COMPUTER LAB | $40,000 |
TECH ACCESS OF RI PURPOSE: VIRTUAL REALITY SUMMER CAMP FOR EMPLOYMENT | $5,500 |