The Tom Morgan & Erna J Mcreynolds Charitable Foundation
- Assets
- $360.6k
- Revenue
- $43.4k
- Investments
- $349.0k
- Employees
- 0
- Location
- Franklin, NY
- Founding
- 03/2000
- Data as of
- 12/2022
- EIN
- 16-6494054
Organization Overview
The Tom Morgan & Erna J Mcreynolds Charitable Foundation is located in Franklin, NY. The organization was established in 2000. 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. Tom Morgan & Erna J Mcreynolds Charitable 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, Tom Morgan & Erna J Mcreynolds Charitable Foundation generated $43.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $48.9k during the year ending 12/2022. While expenses have increased by 6.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Tom Morgan & Erna J Mcreynolds Charitable Foundation has awarded 90 individual grants totaling $262,551. 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 |
|---|---|---|---|
George Thomas Morgan Trustee | 2 | $0 | |
Erna J Mcreynolds Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,972 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,559 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,831 |
| Capital Gain Net Income | $28,831 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $87 |
| Total Revenue | $43,449 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $567 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,446 |
| Total operating and administrative expenses | $8,463 |
| Contributions, gifts, grants paid | $40,394 |
| Total expenses and disbursements | $48,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,586 |
| 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 | $349,011 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $360,597 |
| 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, The Tom Morgan & Erna J Mcreynolds Charitable Foundation has awarded $40,394 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
FENIMORE ART MUSEUM PURPOSE: DISCRETIONARY DONATION | $200 |
ST PAULS EPISCOPAL CHURCH PURPOSE: DISCRETIONARY DONATION | $4,000 |
HYDE HALL PURPOSE: DISCRETIONARY DONATION | $1,000 |
GLIMMERGLASS OPERA PURPOSE: DISCRETIONARY DONATION | $475 |
COMMUNITY FOUNDATION OF OTSEGO COUNTY PURPOSE: DISCRETIONARY DONATION | $500 |
CATSKILL CHORAL SOCIETY PURPOSE: DISCRETIONARY DONATION | $500 |