Morgan Family Foundation
- Assets
- $13.0m
- Revenue
- $891.7k
- Investments
- $11.6m
- Employees
- 0
- Location
- Overland Park, KS
- Founding
- 05/1987
- Data as of
- 11/2023
- EIN
- 48-1024615
Organization Overview
Morgan Family Foundation is located in Overland Park, KS. The organization was established in 1987. 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 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 11/2023, Morgan Family Foundation generated $891.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $882.4k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Morgan Family Foundation has awarded 335 individual grants totaling $3,918,250. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
N/A - 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 |
|---|---|---|---|
Marilyn J Morgan President/director | 1 | $0 | |
Anna Morgan Vice President/director | 1 | $0 | |
Alec Morgan Vice President/director | 1 | $0 | |
Erika R Feingold Secretary/director | 10 | $20,000 | |
Mark A Morgan Treasurer/director | 1 | $0 | |
Chad Feingold Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $81,492 |
| Dividends & Interest | $487,708 |
| Net Rental Income | $98,935 |
| Net Gain on Sale of Assets | $223,599 |
| Capital Gain Net Income | $223,599 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $891,734 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,945 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $72 |
| Total operating and administrative expenses | $87,866 |
| Contributions, gifts, grants paid | $794,500 |
| Total expenses and disbursements | $882,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $792,066 |
| 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 | $540,296 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $608,955 |
| Total assets | $13,009,130 |
| 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 has awarded $794,500 in support to 84 organizations.
| Grant Recipient | Amount |
|---|---|
ABILITY KC PURPOSE: TO BUILD BRIGHTER FUTURES FOR CHILDREN AND ADULTS WITH DISABILITIES BY PROVIDING COMPREHENSIVE EDUCATIONAL, VOCATIONAL AND THERAPEUTIC SERVICES | $2,000 |
BUSCH WILDLIFE SANCTUARY PURPOSE: BUSCH WILDLIFE SANCTUARY HAS A TWO-FOLD MISSION OF WILDLIFE REHABILITATION AND ENVIRONMENTAL EDUCATION | $5,000 |
BRA COUTURE KC PURPOSE: TO PROVIDE LIFE-EMPOWERING SERVICES TO UNINSURED AND UNDERINSURED INDIVIDUALS IN THE GREATER KANSAS CITY AREA WHO HAVE BEEN TOUCHED BY ALL CANCERS | $12,500 |
CARE BEYOND THE BOULEVARD PURPOSE: TO PROVIDE HIGH-QUALITY MEDICAL AND MENTAL HEALTH CARE AND SUPPORT TO THE HOMELESS AND UNDER-SERVED POPULATIONS OF KANSAS CITY OUTSIDE THE BOUNDS OF TRADITIONAL HEALTH CARE SETTINGS, BECOMING A FORCE FOR HEALTH CARE EQUALITY AND SOCIAL CHANGE | $5,000 |
BOY SCOUTS OF AMERICA PURPOSE: TO PREPARE YOUNG PEOPLE TO MAKE ETHICAL AND MORAL CHOICES OVER THEIR LIFETIMES BY INSTILLING IN THEM THE VALUES OF THE SCOUT OATH AND SCOUT LAW | $3,000 |
CASA PROJECT OF JACKSON COUNTY PURPOSE: PROVIDE SUPPORT FOR ABUSED AND NEGLECTED CHILDREN IN FINDING SAFE HOMES | $5,000 |