Marietta M & Samuel Tate Morgan Jr
- Assets
- $18.6m
- Revenue
- $975.7k
- Investments
- $18.1m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 07/1969
- Data as of
- 06/2024
- EIN
- 54-6069447
Organization Overview
Marietta M & Samuel Tate Morgan Jr is located in Dallas, TX. The organization was established in 1969. 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. Marietta M & Samuel Tate Morgan Jr 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 06/2024, Marietta M & Samuel Tate Morgan Jr generated $975.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $1.0m during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Marietta M & Samuel Tate Morgan Jr has awarded 68 individual grants totaling $3,767,104. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bank Of America Trustee | 1 | $173,575 | |
Elizabeth Seaman Advisor | 20 | $0 | |
Linda Barrett Administrative | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $607,397 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $350,795 |
| Capital Gain Net Income | $350,795 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,493 |
| Total Revenue | $975,685 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $173,575 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,812 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,430 |
| Total operating and administrative expenses | $282,787 |
| Contributions, gifts, grants paid | $745,000 |
| Total expenses and disbursements | $1,027,787 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $488,532 |
| 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 | $18,551,859 |
| 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, Marietta M & Samuel Tate Morgan Jr has awarded $745,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
SCIENCE MUSEUM OF VIRGINIA PURPOSE: UNRESTRICTED GENERAL | $75,000 |
JUNIOR ACHIEVEMENT OF CENTRAL VIRGINIA PURPOSE: UNRESTRICTED GENERAL | $25,000 |
PARTNERSHIP FOR THE FUTURE PURPOSE: UNRESTRICTED GENERAL | $50,000 |
CARITAS PURPOSE: UNRESTRICTED GENERAL | $75,000 |
CRISTO REY RICHMOND HIGH SCHOOL INC PURPOSE: UNRESTRICTED GENERAL | $50,000 |
LANGLEY RESIDENTIAL SUPPORT SERVICES IN PURPOSE: UNRESTRICTED GENERAL | $50,000 |