Morgan Family Foundation Inc
- Assets
- $7.0m
- Revenue
- $1.0m
- Investments
- $6.6m
- Employees
- 0
- Location
- Bozeman, MT
- Founding
- 04/2015
- Data as of
- 12/2022
- EIN
- 46-4245754
Organization Overview
Morgan Family Foundation Inc is located in Bozeman, MT. The organization was established in 2015. 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. Morgan Family Foundation Inc 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, Morgan Family Foundation Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $696.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Morgan Family Foundation Inc has awarded 101 individual grants totaling $3,177,185. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alyce Morgan President | 1 | $0 | |
Lucille Curran Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $398,463 |
| Interest on Savings | $165 |
| Dividends & Interest | $168,795 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $438,195 |
| Capital Gain Net Income | $438,937 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,005,618 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $3,720 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,384 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $50,142 |
| Contributions, gifts, grants paid | $645,812 |
| Total expenses and disbursements | $695,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,870 |
| Savings and temporary cash investments | $196,133 |
| 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 | $6,981,822 |
| 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, Morgan Family Foundation Inc has awarded $645,812 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
TINY TAILS K-9 RESCUE INC PURPOSE: GENERAL | $5,000 |
HEART OF THE VALLEY PURPOSE: GENERAL | $30,000 |
SPAY MONTANA PURPOSE: GENERAL | $40,000 |
CENTER FOR CREATIVE SOLUTIONS INC PURPOSE: GENERAL | $1,000 |
LUBEZNIK CENTER OF THE ARTS PURPOSE: GENERAL | $20,000 |
GREATER GALLATIN UNITED WAY PURPOSE: GENERAL | $25,000 |