Kelley & Morgan Families Foundation
- Assets
- $1.7m
- Revenue
- $20.5k
- Investments
- $1.7m
- Employees
- 0
- Location
- Texarkana, TX
- Founding
- 04/2011
- Data as of
- 04/2023
- EIN
- 26-4050040
Organization Overview
Kelley & Morgan Families Foundation is located in Texarkana, TX. The organization was established in 2011. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Kelley & Morgan Families 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 04/2023, Kelley & Morgan Families Foundation generated $20.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (22.4%) each year. All expenses for the organization totaled $101.1k during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Kelley & Morgan Families Foundation has awarded 88 individual grants totaling $639,600. 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 |
|---|---|---|---|
Judy Kelley Morgan President | 0 | $0 | |
Shelby Morgan Wanstrath Vice President | 0 | $0 | |
Haven Morgan Pearcy Secretary/treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,166 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $335 |
| Capital Gain Net Income | $335 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,501 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $0 |
| Total operating and administrative expenses | $2,933 |
| Contributions, gifts, grants paid | $98,200 |
| Total expenses and disbursements | $101,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,172 |
| Savings and temporary cash investments | $0 |
| 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 | $1,738,520 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,740,692 |
| 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, Kelley & Morgan Families Foundation has awarded $98,200 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BOY SCOUTS OF AMERICA CADDO AREA COUNCIL PURPOSE: FUTHERANCE OF EXEMPT PURPOSE | $5,000 |
ALZHEIMER'S ALLIANCE PURPOSE: FUTHERANCE OF EXEMPT PURPOSE | $2,500 |
CLAY EICHLER MEMORIAL FUND PURPOSE: FUTHERANCE OF EXEMPT PURPOSE | $5,000 |
HARVEST REGIONAL FOOD BANK PURPOSE: FUTHERANCE OF EXEMPT PURPOSE | $1,000 |
OPPORTUNITIES INC PURPOSE: FUTHERANCE OF EXEMPT PURPOSE | $11,500 |
HOSPICE OF TEXARKANA PURPOSE: FURTHERANCE OF EXEMPT PURPOSE | $6,000 |