Albert & Leona A Morgan Charitable Foundation
- Assets
- $10.1m
- Revenue
- $719.3k
- Investments
- $9.1m
- Employees
- 0
- Location
- Phillipsburg, KS
- Founding
- 06/1994
- Data as of
- 09/2023
- EIN
- 48-1126706
Organization Overview
Albert & Leona A Morgan Charitable Foundation is located in Phillipsburg, KS. The organization was established in 1994. 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. Albert & Leona A Morgan Charitable 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 09/2023, Albert & Leona A Morgan Charitable Foundation generated $719.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $661.5k during the year ending 09/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
USD 325 - PLAYGROUN EQUIPMENT AND AMENDMENT TOUR GRANTS
HUCK BOYD FOUNDATION - PROJECT GRANTS
PHILLIPS COUNTY HEALTH SYSTEMS-STUDENT LOAN FORGIVENESS GRANT AND EQUIPMENT
PHILLIPSBURG WESTERN HERITAGE FOUNDATION - RODEO GRANT
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 |
|---|---|---|---|
Daniels Heinze Director | 1 | $10,881 | |
Michael Gower Director | 1 | $10,881 | |
Denis Miller Chairman | 4 | $10,881 | |
Lori Ferguson Treasurer | 1 | $10,881 | |
Beau Van Loenen Secretary | 2 | $10,881 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $52,178 |
| Dividends & Interest | $204,198 |
| Net Rental Income | $24,684 |
| Net Gain on Sale of Assets | $146,761 |
| Capital Gain Net Income | $146,761 |
| Net ST Capital Gain | $21,266 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $280,614 |
| Total Revenue | $719,320 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $54,405 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $42,501 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,366 |
| Total operating and administrative expenses | $200,835 |
| Contributions, gifts, grants paid | $460,626 |
| Total expenses and disbursements | $661,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,913 |
| 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 | $984,735 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,138,496 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2 |
| Total assets | $10,131,146 |
| 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 |