Morgan Family Legacy Foundation
- Assets
- $4.6m
- Revenue
- $214.0k
- Investments
- $4.4m
- Employees
- 0
- Location
- Leawood, KS
- Founding
- 04/2016
- Data as of
- 12/2022
- EIN
- 47-5638410
Organization Overview
Morgan Family Legacy Foundation is located in Leawood, KS. The organization was established in 2016. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morgan Family Legacy 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, Morgan Family Legacy Foundation generated $214.0k in total revenue.
Since 2020, Morgan Family Legacy Foundation has awarded 54 individual grants totaling $922,500. 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
N/A - REFER TO PART XIV - ALL OF THE FOUNDATION'S CHARITABLE ACTIVITIES ARE CASH CONTRIBUTIONS PAID DIRECTLY TO TAX EXEMPT CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda K Morgan Director, COO & Secretary | 10 | $14,000 | |
Michael B Morgan Director, Chairman & Presi | 1 | $0 | |
Brian J Morgan Director, Cio & Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18 |
| Dividends & Interest | $194,652 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,374 |
| Capital Gain Net Income | $19,374 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $214,044 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $14,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,116 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $341 |
| Total operating and administrative expenses | $65,836 |
| Contributions, gifts, grants paid | $330,000 |
| Total expenses and disbursements | $395,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,553 |
| Savings and temporary cash investments | $31,913 |
| 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 | $2,952,625 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $59,753 |
| Total assets | $4,584,403 |
| 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 Legacy Foundation has awarded $330,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
THE TEMPLE CONGREGATION B'NAI JEHUDAH PURPOSE: SUPPORT RELIGIOUS MISSION OF SYNAGOGUE | $80,000 |
Overland Park, KS PURPOSE: PROVIDE MENTAL HEALTH SERVICES, LIFE CRISIS ASSISTANCE | $35,000 |
Overland Park, KS PURPOSE: PROVIDE ASSISTANCE, SAFETY-NET, EDUCATION FOR YOUTH AND FAMILIES | $35,000 |
KENT DENVER FUND PURPOSE: TO SUPPORT THE STUDENTS, TEACHERS, COACHES, ADVISORS AND PROGRAMS OF THE COLLEGE-PREPARATORY SCHOOL | $24,000 |
BRANDEIS UNIVERSITY PURPOSE: ADVANCEMENT OF THE HUMANITIES, ARTS AND SOCIAL, NATURAL AND PHYSICAL SCIENCES. PREPARE STUDENTS FOR FULL PARTICIPATION IN A CHANGING SOCIETY, CAPABLE OF PROMOTING THEIR OWN WELFARE, YET REMAIN DEEPLY CONCERNED ABOUT THE WELFARE OF OTHERS | $20,000 |
UNIVERSITY OF COLORADO - CU ARTS & ENTREPRENUERSHIP PURPOSE: TO CONNECT, ELEVATE AND GROW INNOVATION AND ENTREPRENEURIAL RESOURCES TO INSPIRE AND TURN IDEAS TO IMPACT INNOVATION AND ENTREPRENEURSHIP | $17,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robert B Daugherty Foundation Omaha, NE | $895,599,209 | $80,372,150 |
Voluntary Interdistrict Choice Corporation Saint Louis, MO | $12,736,595 | $40,180,054 |
Foundation For Educational Services Inc Lincoln, NE | $9,496,243 | $19,971,650 |
Envision Xpress Inc Wichita, KS | $21,582,294 | $13,602,741 |
Kansas State Newman Foundation Manhattan, KS | $3,619,556 | $4,925,097 |
Foundation For Tulsa Schools Tulsa, OK | $13,402,243 | $11,567,047 |
Kidsmart Saint Louis, MO | $4,061,844 | $8,307,759 |
Northwest Foundation Inc Maryville, MO | $55,922,802 | $14,720,589 |
Rockley Family Foundation Inc Golden, CO | $1,094,070 | $6,767,758 |
Castle Rock Lifelong Learning Center Castle Rock, CO | $14,698,293 | $9,801,652 |
Osteopathic Medical Education Consortium Of Oklahoma Inc Tulsa, OK | $3,495,258 | $6,319,915 |
Steamboat Springs Education Fund Steamboat Springs, CO | $4,415,852 | $5,543,622 |