Morgan Family Foundation
- Assets
- $46.2m
- Revenue
- $2.8m
- Investments
- $43.1m
- Employees
- 0
- Location
- Yellow Springs, OH
- Founding
- 10/2003
- Data as of
- 12/2022
- EIN
- 30-0205024
Organization Overview
Morgan Family Foundation is located in Yellow Springs, OH. The organization was established in 2003. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Morgan Family 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, Morgan Family Foundation generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Morgan Family Foundation has awarded 663 individual grants totaling $11,989,890. 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 |
|---|---|---|---|
Lee M Morgan President | 1.25 | $4,750 | |
Victoria A Morgan Vice President | 1 | $4,750 | |
Barclay Carriar Treasurer | 1 | $4,750 | |
Asha Morgan Moran Director | 1 | $3,650 | |
Eric Hart Director | 1 | $4,000 | |
Erica Smith Director | 1 | $4,150 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Anna R Henderson Phd | 12/30/22 | $62,310 |
Clearstead Llc | 12/30/22 | $54,361 |
Nepc Llc | 12/30/22 | $61,901 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $30 |
| Dividends & Interest | $1,636,271 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,109,099 |
| Capital Gain Net Income | $1,109,096 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21,706 |
| Total Revenue | $2,767,106 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $299,450 |
| Other employee salaries and wages | $91,165 |
| Pension plans, employee benefits | $138,103 |
| Interest | $0 |
| Taxes | $70,700 |
| Depreciation | $9,818 |
| Occupancy | $14,994 |
| Travel, conferences, and meetings | $55,063 |
| Printing and publications | $0 |
| Other expenses | $85,539 |
| Total operating and administrative expenses | $1,126,085 |
| Contributions, gifts, grants paid | $2,229,709 |
| Total expenses and disbursements | $3,355,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,709,701 |
| 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 | $19,470 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $41,478,211 |
| Net Land, buildings, and equipment | $185,266 |
| Other assets | $212,161 |
| Total assets | $46,232,673 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $415,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $20 |
| Total liabilities | $415,020 |
Grants Awarded
Over the last fiscal year, Morgan Family Foundation has awarded $2,644,709 in support to 89 organizations.
| Grant Recipient | Amount |
|---|---|
ANNA MARIE'S ALLIANCE PURPOSE: (COMPETITIVE) DEVELOPING A DIVERSITY, EQUITY AND INCLUSION PLAN TO ELIMINATE OPPRESSION AMONG THE AGENCY AND COMMUNITY PARTNERS OF ANNA MARIE'S ALLIANCE | $15,000 |
BOYS & GIRLS CLUBS OF CENTRAL MINNESOTA PURPOSE: (COMPETITIVE) EASTSIDE, ROOSEVELT & SOUTHSIDE BOYS & GIRLS CLUBS PROGRAMMING FOR YOUTH | $100,000 |
CENTRAL LAKES COLLEGE PURPOSE: (COMPETITIVE) AGCENTRIC: COVER CROP FINANCIAL EDUCATION TO SUPPORT FARMERS IN MITIGATING AND ADAPTING TO GLOBAL WARMING | $100,000 |
CITIZENS UTILITY BOARD OF MINNESOTA PURPOSE: (COMPETITIVE) CONSUMER ADVOCACY TO DECARBONIZE MINNESOTA'S UTILITY SECTOR, YEAR 1 OF TWO YEARS | $100,000 |
CENTRACARE HEALTH SYSTEM PURPOSE: (COMPETITIVE) ADVANCE CARE PLANNING - FACILITATING TO EDUCATE, MOTIVATE AND SUPPORT | $55,000 |
ASSOCIATION OF SMALL FOUNDATIONS DBA EXPONENT PHILANTHROPY PURPOSE: (COMPETITIVE) GENERAL OPERATING SUPPORT | $1,500 |