Albert & Leona A Morgan Charitable Foundation
- Assets
- $8.2m
- Revenue
- -$272.3k
- Investments
- $7.1m
- Employees
- 0
- Location
- Phillipsburg, KS
- Founding
- 06/1994
- Data as of
- 09/2021
- 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHILLIPS COUNTY HEALTH SYSTEMS-STUDENT LOAN FORGIVENESS GRANT AND DIALYSIS EQUIPMENT
CITY OF PHILLIPSBURG-AIRPORT AND CHRISTMAS LIGHTS GRANTS
PHILLIPS COUNTY COMMUNITY FOUNDATION - VARIOUS GRANTS / EQUIPMENT
PHILLIPS COUNTY MINISTERIAL ALLIANCE - NEEDY STUDENTS TUITION & SCHOOL SUPPLIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniels Heinze Director | 1 | $10,652 | |
Michael Gower Director | 1 | $10,652 | |
Denis Miller Chairman | 4 | $10,652 | |
Lori Ferguson Treasurer | 1 | $10,652 | |
Beau Van Loenen Secretary | 2 | $10,652 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $37,031 |
| Dividends & Interest | $120,439 |
| Net Rental Income | $26,930 |
| Net Gain on Sale of Assets | $130,204 |
| Capital Gain Net Income | $130,204 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$598,792 |
| Total Revenue | -$272,286 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $38,815 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,956 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27,286 |
| Total operating and administrative expenses | $130,517 |
| Contributions, gifts, grants paid | $170,351 |
| Total expenses and disbursements | $300,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,322 |
| 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 | $1,030,393 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,139,815 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,183,530 |
| 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 |
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|---|---|---|
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Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Buffett Early Childhood Fund Omaha, NE | $9,728,090 | $31,407,344 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
El Pomar Foundation Colorado Springs, CO | $452,441,260 | $71,471,160 |
Centene Charitable Foundation St Louis, MO | $259,102,242 | $5,821,965 |
The Lozier Foundation Omaha, NE | $440,536,134 | $84,469,210 |