Morgan Adams Foundation
- Assets
- $599.2k
- Revenue
- $1.8m
- Investments
- $65.7k
- Employees
- 12
- Location
- Denver, CO
- Founding
- 04/2004
- Data as of
- 12/2021
- EIN
- 20-0165051
Organization Overview
Morgan Adams Foundation is located in Denver, CO. The organization was established in 2004. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. As of 12/2021, Morgan Adams Foundation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morgan Adams 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 12/2021, Morgan Adams Foundation generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 6.5% 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 2014, Morgan Adams Foundation has awarded 26 individual grants totaling $4,910,523. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FUND CRITICALLY NEEDED PEDIATRIC ONCOLOGY RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH CAREFUL CONSIDERATION AND PLACEMENT OF OUR FUNDING, WE ENCOURAGED AND SUPPORTED RESEARCH INTENDED TO IMPROVE TREATMENT EFFECTIVENESS, IMPROVE TREATMENT OUTCOMES, AND IMPROVE THE QUALITY OF LIFE FOR CHILDREN BATTLING CANCER.
THE MORGAN ADAMS FOUNDATION IS AN ONGOING RESOURCE FOR INFORMATION ON CHILDHOOD, ADOLESCENT AND YOUNG ADULT CANCERS, THEIR CURRENT TREATMENTS AND THE NEED FOR ONGOING NEW TREATMENT DEVELOPMENT. THROUGH OUR ONGOING EFFORTS, MAF BUILDS COMMUNITY AWARENESS OF THE NEED TO SUPPORT CHILDHOOD CANCER RESEARCH, AS WELL AS OF THE NEED TO ENSURE THAT THE CHILDREN AFFECTED BY THIS DISEASE HAVE THE BEST POSSIBLE TREATMENT OPTIONS MADE AVAILABLE TO THEM. MAF HOSTS EDUCATIONAL EVENTS FOR THE PUBLIC THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Slaughter Exec Director & Co-Founder | OfficerTrustee | 40 | $94,232 |
John Dudasch Chair | OfficerTrustee | 3 | $0 |
Dan Kelly Vice Chair | OfficerTrustee | 3 | $0 |
Jeff Mcpherson Treasurer | OfficerTrustee | 3 | $0 |
Bari Dejaynes Director | Trustee | 2 | $0 |
Jesse Russell Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $854,563 |
| Related organizations | $0 |
| Government grants | $112,443 |
| All other contributions, gifts, grants, and similar amounts not included above | $777,941 |
| Noncash contributions included in lines 1a–1f | $11,805 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,744,947 |
| Total Program Service Revenue | $0 |
| Investment income | $328 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,866 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,762,141 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $910,371 |
| Grants and other assistance to domestic individuals. | $3,925 |
| Grants and other assistance to Foreign Orgs/Individuals | $25,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $94,232 |
| Compensation of current officers, directors, key employees. | $14,135 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $272,503 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,065 |
| Payroll taxes | $27,830 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,595 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,668 |
| Advertising and promotion | $3,300 |
| Office expenses | $33,974 |
| Information technology | $1,892 |
| Royalties | $0 |
| Occupancy | $25,094 |
| Travel | $2,201 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,396 |
| Insurance | $12,131 |
| All other expenses | $0 |
| Total functional expenses | $1,526,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $270,413 |
| Pledges and grants receivable | $58,303 |
| Accounts receivable, net | $16,946 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,393 |
| Prepaid expenses and deferred charges | $1,750 |
| Net Land, buildings, and equipment | $24,671 |
| Investments—publicly traded securities | $156,992 |
| Investments—other securities | $65,701 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $599,169 |
| Accounts payable and accrued expenses | $25,857 |
| Grants payable | $25,000 |
| Deferred revenue | $13,700 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,999 |
| Total liabilities | $68,556 |
| Net assets without donor restrictions | $397,631 |
| Net assets with donor restrictions | $132,982 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $599,169 |
Grants Awarded
Over the last fiscal year, Morgan Adams Foundation has awarded $869,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Aurora, CO PURPOSE: TO FURTHER CANCER RESEARCH - 26 SEPARATE RESEARCH PROJECTS | $797,500 |
San Francisco, CA PURPOSE: TO FURTHER CANCER RESEARCH | $50,000 |
RILEY CHILDREN'S HOSPITAL PURPOSE: TO FURTHER CANCER RESEARCH | $15,000 |
Chicago, IL PURPOSE: TO FURTHER CANCER RESEARCH | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Morgan Adams Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Eisele Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Endowment Analysis
| Beg. Balance | $48,166 |
| Earnings | $5 |
| Ending Balance | $48,171 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Morgan Adams Foundation Denver, CO | $599,169 | $1,762,141 |
The Weil Foundation Tucson, AZ | $2,417,436 | $1,895,509 |
Cancer Awareness Through Research And Education Association Carefree, AZ | $148,453 | $969,135 |
Nancy Taylor Foundation For Chronic Diseases Tulsa, OK | $2,667,551 | $586,944 |
Beyond The Mark Foundation Centennial, CO | $1,090,431 | $133,235 |
All Sports Foundation Inc Mesa, AZ | $44,748 | $342,833 |
William E & Thelma F Housman Fndn Fbo Medical Research Ua 08111999 Phoenix, AZ | $5,259,757 | $645,299 |
Steven M Gootter Foundation Tucson, AZ | $251,706 | $315,371 |
Cure Tay-Sachs Foundation Phoenix, AZ | $2,077,101 | $192,718 |
Cowboys For Cancer Research Inc Artesia, NM | $125,613 | $175,034 |
Joann B Ficke Cancer Foundation Englewood, CO | $4,479 | $139,697 |
Fore The Kids Foundation Overland Park, KS | $339,308 | $286,895 |