Glenda G Morgan Charitable Foundation Inc is located in Winter Park, FL. The organization was established in 2006. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Glenda G Morgan Charitable Foundation Inc 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, Glenda G Morgan Charitable Foundation Inc generated $784.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $880.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Glenda G Morgan Charitable Foundation Inc has awarded 98 individual grants totaling $4,130,494. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS OPERATED FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF ITS SUPPORTED ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES FINANCIAL SUPPORT TO ITS SUPPORTED ORGANIZATIONS AND/OR TO OTHER PUBLIC CHARITIES, THE SUPPORT OF WHICH ARE WITHIN THE CHARITABLE PURPOSES OF ANY OF THE SUPPORTED ORGANIZATIONS, AS DETERMINED BY THE BOARD OF DIRECTORS OF THE ORGANIZATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mary Beth Morgan Secretary/treasurer | OfficerTrustee | 40 | $69,640 |
Paul W Morgan President | OfficerTrustee | 8 | $0 |
Denise Cipriano Director | Trustee | 1 | $0 |
Edward Cole Director | Trustee | 1 | $0 |
John T Cash Jr Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $25,000 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $25,000 |
Total Program Service Revenue | $0 |
Investment income | $842,697 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$77,789 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $784,757 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $487,057 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $12,741 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $69,640 |
Compensation of current officers, directors, key employees. | $69,640 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $4,000 |
Fees for services: Accounting | $2,405 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $2,386 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $18,000 |
Travel | $2,905 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $93,010 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $22,857 |
All other expenses | $6 |
Total functional expenses | $880,661 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $65,566 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $7,650,000 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $11,938,168 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $689,293 |
Total assets | $20,343,027 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $3,250,000 |
Total liabilities | $3,250,000 |
Net assets without donor restrictions | $17,093,027 |
Net assets with donor restrictions | $0 |
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 | $20,343,027 |
Over the last fiscal year, Glenda G Morgan Charitable Foundation Inc has awarded $472,057 in support to 9 organizations.
Grant Recipient | Amount |
---|---|
OTHER DOMESTIC PROJECTS PURPOSE: GENERAL SUPPORT | $116,792 |
Orlando, FL PURPOSE: GENERAL SUPPORTGENERAL SUPPORT | $85,000 |
Winter Park, FL PURPOSE: GENERAL SUPPORT | $82,585 |
Orlando, FL PURPOSE: GENERAL SUPPORT | $56,162 |
Eatonville, FL PURPOSE: GENERAL SUPPORT | $50,000 |
Orlando, FL PURPOSE: GENERAL SUPPORT | $26,518 |
Over the last fiscal year, we have identified 1 grants that Glenda G Morgan Charitable Foundation Inc has recieved totaling $425,000.
Awarding Organization | Amount |
---|---|
Impact Investing Charitable Foundation Inc Overland Park, KS PURPOSE: HUMANITARIAN HELP | $425,000 |
Organization Name | Assets | Revenue |
---|---|---|
Childrens Healthcare Charity Inc Palm Beach Gardens, FL | $5,074,981 | $9,745,793 |
Don And Angie Seta Foundation Boca Raton, FL | $0 | $7,457,065 |
The Savannah Community Foundation Inc Savannah, GA | $54,173,792 | $9,998,384 |
National Cancer Assistance Foundation Inc Daytona Beach, FL | $587,584 | $4,501,111 |
The Giving Kitchen Initiative Inc Atlanta, GA | $5,202,127 | $3,829,430 |
The Ironman Foundation Inc Tampa, FL | $9,463,048 | $2,918,187 |
Norcross Foundation Inc Jacksonville, FL | $12,948,336 | $5,280,220 |
All Star Childrens Foundation Inc Sarasota, FL | $12,316,461 | $3,561,174 |
Point Gammon Foundation Palm Beach, FL | $4,923,051 | $4,318,443 |
The Charlie & Moll Anderson Foundation Florence, AL | $11,730,320 | $5,057,663 |
Little Kings And Queens Inc Buford, GA | $180,816 | $1,313,209 |
Latham Foundation Atlanta, GA | $1,091,516 | $917,015 |