W & E Morgan Charitable Residual Tr Share C
- Assets
- $4.1m
- Revenue
- $499.2k
- Investments
- $2.7m
- Employees
- 0
- Location
- Rock Port, MO
- Founding
- 05/1989
- Data as of
- 12/2023
- EIN
- 43-6347180
Organization Overview
W & E Morgan Charitable Residual Tr Share C is located in Rock Port, MO. The organization was established in 1989. 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. W & E Morgan Charitable Residual Tr Share C 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 12/2023, W & E Morgan Charitable Residual Tr Share C generated $499.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $460.9k during the year ending 12/2023. While expenses have increased by 1.8% per year over the past 5 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO OTHER 501(C)(3) ORGANIZATIONS SCHEDULE ATTACHED
SCHOLARSHIPS SCHEDULE ATTACHED
ALLOCATED EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 8 | $13,592 | |
Name Not Listed Trustee | 2 | $1,309 | |
Tim Whelan Trustee | 2 | $1,309 | |
Jody Ellison Trustee | 2 | $1,309 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,059 |
| Dividends & Interest | $100,771 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $74,332 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $395,366 |
| Total Revenue | $499,196 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,519 |
| 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 | $26 |
| Other expenses | $137,590 |
| Total operating and administrative expenses | $157,235 |
| Contributions, gifts, grants paid | $303,638 |
| Total expenses and disbursements | $460,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $227,759 |
| Savings and temporary cash investments | $200,000 |
| 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 | $1,003,348 |
| Other assets | $0 |
| Total assets | $4,107,587 |
| 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, W & E Morgan Charitable Residual Tr Share C has awarded $303,638 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED LIST PURPOSE: ATTACHED LIST | $273,638 |
SEE ATTACHED LIST PURPOSE: ATTACHED LIST | $30,000 |