Morris Communications Foundation Trust Agreement
- Assets
- $60.3k
- Revenue
- $1.7k
- Investments
- $57.2k
- Employees
- 0
- Location
- Augusta, GA
- Founding
- 02/1977
- Data as of
- 12/2022
- EIN
- 48-6212412
Organization Overview
Morris Communications Foundation Trust Agreement is located in Augusta, GA. The organization was established in 1977. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morris Communications Foundation Trust Agreement 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, Morris Communications Foundation Trust Agreement generated $1.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (36.7%) each year. All expenses for the organization totaled $18.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Morris Communications Foundation Trust Agreement has awarded 56 individual grants totaling $264,910. 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
FUNDED SCHOLARSHIPS AT 3 COLLEGES AND UNIVERSITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig S Mitchell Trustee | 1 | $0 | |
William S Morris III Trustee | 1 | $0 | |
Terry K House Jr Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,770 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,074 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,696 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $747 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,447 |
| Total operating and administrative expenses | $3,194 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $18,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,049 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $60,264 |
| 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, Morris Communications Foundation Trust Agreement has awarded $15,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF TENNESSEE PURPOSE: FUND SCHOLARSHIP | $5,000 |
Manhattan, KS PURPOSE: FUND SCHOLARSHIP | $5,000 |
CHADRON STATE COLLEGE PURPOSE: FUND SCHOLARSHIP | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Good Life Broadcasting Inc Lake Mary, FL | $64,391,025 | $3,345,789 |
Memphis Fourth Estate Inc Memphis, TN | $2,591,759 | $5,585,999 |
Mid-South Public Communications Foundation Cordova, TN | $12,673,070 | $6,880,659 |
The Center For Documentary Studies Durham, NC | $43,603,036 | $4,787,381 |
Community Communications Inc Orlando, FL | $5,415,157 | $4,709,881 |
Partners For Christian Media Inc Chattanooga, TN | $2,733,948 | $3,141,174 |
Community Television Inc Norcross, GA | $3,699,160 | $2,176,174 |
Florida Association Of Broadcasters Incorporated Tallahassee, FL | $2,403,439 | $2,267,707 |
Carolina Christian Radio Inc Wilmington, NC | $1,171,245 | $1,104,018 |
Bascomb Memorial Broadcasting Foundation Inc Miami, FL | $2,367,250 | $1,142,641 |
Cumberland Communities Communications Corporation Knoxville, TN | $529,914 | $717,404 |
North Carolina Association Of Broadcasters Inc Raleigh, NC | $1,725,807 | $1,049,811 |