George And Loraine@morgan Memorial Trust
- Assets
- $821.3k
- Revenue
- $79.9k
- Investments
- $581.8k
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 06/1998
- Data as of
- 12/2021
- EIN
- 31-1532819
Organization Overview
George And Loraine@morgan Memorial Trust is located in Louisville, KY. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George And Loraine@morgan Memorial Trust 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, George And Loraine@morgan Memorial Trust generated $79.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 40.6% each year . All expenses for the organization totaled $37.1k during the year ending 12/2021. While expenses have increased by 0.8% 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 2015, George And Loraine@morgan Memorial Trust has awarded 82 individual grants totaling $403,591. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE SCHOLARSHIP FUNDING
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $21,447 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $54,336 |
| Capital Gain Net Income | $54,336 |
| Net ST Capital Gain | $8,141 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,072 |
| Total Revenue | $79,857 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $848 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,556 |
| Contributions, gifts, grants paid | $27,500 |
| Total expenses and disbursements | $37,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,697 |
| Savings and temporary cash investments | $57,757 |
| 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 | $135,100 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $821,323 |
| Accounts payable and accrued expenses | $56,500 |
| 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 | $56,500 |
Grants Awarded
Over the last fiscal year, George And Loraine@morgan Memorial Trust has awarded $65,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
NARAAH MULENGE PURPOSE: SCHOLARSHIP | $20,000 |
MEAGHAN WIGGINS PURPOSE: SCHOLARSHIP | $10,000 |
ABBIGAIL LEACH PURPOSE: SCHOLARSHIP | $8,000 |
LOGAN BOOTES PURPOSE: SCHOLARSHIP | $8,000 |
NARAAH MULENGE PURPOSE: SCHOLARSHIP | $5,000 |
MEAGHAN WIGGINS PURPOSE: SCHOLARSHIP | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
Golf Club Of Tennessee Kingston Springs, TN | $25,072,540 | $8,179,428 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Alfred I Dupont Awards Foundation Chicago, IL | $0 | $4,985,997 |
Accenture Foundation Inc Chicago, IL | $134,926,823 | $15,596,009 |
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Rooted Alliance Inc Chicago, IL | $2,335,555 | $4,487,602 |
Cleveland Avenue Foundation For Education Group Chicago, IL | $12,236,345 | $15,309,295 |
Western Illinois Regional Council Community Action Agency Macomb, IL | $2,081,443 | $6,378,655 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Guaranteed Rate Foundation Nfp Chicago, IL | $1,798,790 | $5,812,096 |
Bill And Carol Latimer Charitable Foundation Union City, TN | $129,837,485 | $34,799,223 |