W & E Morgan Charitable Residual Tr Share C
- Assets
- $4.0m
- Revenue
- $597.3k
- Investments
- $2.5m
- Employees
- 0
- Location
- Rock Port, MO
- Founding
- 05/1989
- Data as of
- 12/2021
- 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 12/2021, W & E Morgan Charitable Residual Tr Share C generated $597.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $523.6k during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 4 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
2021
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 | 2 | $1,409 | |
Tim Whelan Trustee | 2 | $1,409 | |
Jody Ellison Trustee | 1 | $1,409 | |
Sharon Gaines Trustee | 0.5 | $1,409 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,608 |
| Dividends & Interest | $89,484 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $504,186 |
| Total Revenue | $597,278 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,232 |
| 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 | $27 |
| Other expenses | $174,229 |
| Total operating and administrative expenses | $196,488 |
| Contributions, gifts, grants paid | $327,117 |
| Total expenses and disbursements | $523,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,247 |
| Savings and temporary cash investments | $350,000 |
| 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 | $3,980,371 |
| 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 $327,117 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED LIST PURPOSE: ATTACHED LIST | $305,242 |
SEE ATTACHED LIST PURPOSE: ATTACHED LIST | $21,875 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Pritzker Family Foundation Chicago, IL | $156,116,781 | $25,309,600 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
James S Mcdonnell Foundation St Louis, MO | $496,119,714 | $80,243,658 |
Patterson Family Foundation Kansas City, MO | $1,526,002,008 | $1,174,628,172 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Paul M Angell Family Foundation Chicago, IL | $1,816,327 | $24,997,411 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |
Builders Initiative Bentonville, AR | $992,945,696 | $530,265,880 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |