Charlene And Thomas Morgan Charitable Foundation Inc
- Assets
- $8.1m
- Revenue
- -$96.9k
- Investments
- $8.0m
- Employees
- 0
- Location
- Red Rock, TX
- Founding
- 02/2015
- Data as of
- 12/2023
- EIN
- 46-4277924
Organization Overview
Charlene And Thomas Morgan Charitable Foundation Inc is located in Red Rock, TX. The organization was established in 2015. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Charlene And Thomas Morgan Charitable 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.
Since 2014, Charlene And Thomas Morgan Charitable Foundation Inc has awarded 112 individual grants totaling $4,962,072. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger C Solomon Director | 0 | $40,000 | |
Joyce Solomon Director | 0 | $40,000 | |
Anne Vaughn Director | 0 | $40,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $185,526 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$262,757 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$19,659 |
| Total Revenue | -$96,890 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $4,236 |
| Taxes | $25,006 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $736 |
| Total operating and administrative expenses | $312,743 |
| Contributions, gifts, grants paid | $576,000 |
| Total expenses and disbursements | $888,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $69,316 |
| 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 | $10,000 |
| Total assets | $8,062,094 |
| 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, Charlene And Thomas Morgan Charitable Foundation Inc has awarded $576,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
THE MISSION AT THE CROSS PURPOSE: FOR THE ESTABLISHMENT AND OPERATIONS OF 24 HOUR A DAY CHURCHES, SHELTERS FOR THE LESS FORTUNATE AND THE MINISTRIES THEREIN | $75,000 |
BATEMAN BAPTIST CHURCH PURPOSE: FURTHERANCE OF THE CHRISTIAN FAITH AND MINISTRY TO THE SURROUNDING COMMUNITY | $100,000 |
THE WELL COMMUNITY CHURCH PURPOSE: FURTHERANCE OF THE CHRISTIAN FAITH AND MINISTRY TO THE SURROUNDING COMMUNITY | $40,000 |
FRIENDS OF LIVING WORD CHURCH PURPOSE: GENERAL FUNDRAISING | $66,000 |
KBC MINISTRIES INC PURPOSE: GENERAL FUNDRAISING | $40,000 |
VALLEY BAPTIST CHURCH PURPOSE: FURTHERANCE OF THE CHRISTIAN FAITH AND MINISTRY TO THE SURROUNDING COMMUNITY | $40,000 |