Ramser-Morgan Foundation
- Assets
- $2.0m
- Revenue
- $867.4k
- Investments
- $1.9m
- Employees
- 0
- Location
- Dearborn, MI
- Founding
- 11/1991
- Data as of
- 12/2022
- EIN
- 38-3003280
Organization Overview
Ramser-Morgan Foundation is located in Dearborn, MI. The organization was established in 1991. 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. Ramser-Morgan 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, Ramser-Morgan Foundation generated $867.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 63.7% each year . All expenses for the organization totaled $112.8k during the year ending 12/2022. While expenses have increased by 5.0% 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 2016, Ramser-Morgan Foundation has awarded 66 individual grants totaling $475,100. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John P Landis Treasurer | 1 | $0 | |
Steve Milbeck President | 1 | $0 | |
Michael Obloy Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $828,280 |
| Interest on Savings | $0 |
| Dividends & Interest | $35,931 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,166 |
| Capital Gain Net Income | $3,166 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $867,377 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $195 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,280 |
| Total operating and administrative expenses | $18,844 |
| Contributions, gifts, grants paid | $94,000 |
| Total expenses and disbursements | $112,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $103,947 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,040,657 |
| 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, Ramser-Morgan Foundation has awarded $94,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
FLINT CHILDRENS MUSEUM PURPOSE: CHARITABLE | $3,000 |
THE YOUTH CONNECTION PURPOSE: CHARITABLE | $3,000 |
SALVATION ARMY EASTERN MICHIGAN PURPOSE: SUPPORT | $16,000 |
ST MARY PREPARATORY SCHOOL PURPOSE: EDUCATIONAL | $9,000 |
UNIVERSITY OF DETROIT MERCY SCHOOL OF PURPOSE: EDUCATIONAL | $16,000 |
MADONNA UNIVERSITY PURPOSE: EDUCATIONAL | $6,000 |