Morgens West Foundation
- Assets
- $14.1m
- Revenue
- $1.1m
- Investments
- $13.5m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 10/1969
- Data as of
- 12/2021
- EIN
- 31-6090957
Organization Overview
Morgens West Foundation is located in Atlanta, GA. The organization was established in 1969. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Morgens West 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, Morgens West Foundation generated $1.1m in total revenue. All expenses for the organization totaled $604.4k during the year ending 12/2021.
Since 2020, Morgens West Foundation has awarded 104 individual grants totaling $1,933,291. 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
AVAILABLE UPON REQUEST
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Morgens Trustee | 25 | $72,000 | |
S F Morgens Available Upon Request | 0 | $0 | |
E H Morgens Available Upon Request | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $214,559 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $874,772 |
| Capital Gain Net Income | $874,772 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,833 |
| Total Revenue | $1,101,164 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $72,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,582 |
| Taxes | $10,666 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,596 |
| Total operating and administrative expenses | $97,819 |
| Contributions, gifts, grants paid | $506,591 |
| Total expenses and disbursements | $604,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $574,933 |
| 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 | $13,456,732 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $50,000 |
| Total assets | $14,093,652 |
| 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, Morgens West Foundation has awarded $762,000 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S DISEASE RESEARCH CENTER PURPOSE: CONTRIBUTION TO GENERAL FUND | $10,000 |
AMERICAN RED CROSS PURPOSE: CONTRIBUTION TO GENERAL FUND | $10,000 |
ATLANTA HISTORY CENTER PURPOSE: CONTRIBUTION TO GENERAL FUND | $5,000 |
ATLANTA POLICE FOUNDATION PURPOSE: CONTRIBUTION TO GENERAL FUND | $60,000 |
ATLANTA VOLUNTER LAWYERS FOUNDATION PURPOSE: CONTRIBUTION TO GENERAL FUND | $95,000 |
BREVARD MUSIC CENTER PURPOSE: CONTRIBUTION TO GENERAL FUND | $10,000 |