Robert & Evelyn Hewlett Morgan Family Foundation Inc
- Assets
- $3.6m
- Revenue
- $149.2k
- Investments
- $3.6m
- Employees
- 0
- Location
- Princeton, KY
- Founding
- 11/1996
- Data as of
- 12/2022
- EIN
- 61-1310243
Organization Overview
Robert & Evelyn Hewlett Morgan Family Foundation Inc is located in Princeton, KY. The organization was established in 1996. 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. Robert & Evelyn Hewlett Morgan Family Foundation Inc 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, Robert & Evelyn Hewlett Morgan Family Foundation Inc generated $149.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $259.8k during the year ending 12/2022. While expenses have increased by 4.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Robert & Evelyn Hewlett Morgan Family Foundation Inc has awarded 84 individual grants totaling $903,966. 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 |
|---|---|---|---|
Suzanne M Regen President/director | 8 | $12,000 | |
Richard G Morgan Vice President/director | 1 | $0 | |
Shane Fortner Sec/treas/director | 2 | $0 | |
Pat Hayes Director | 1 | $0 | |
Raymond Giannini Director | 1 | $0 | |
Duane Miksch Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $107 |
| Dividends & Interest | $69,314 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $78,730 |
| Capital Gain Net Income | $78,730 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $149,151 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $918 |
| Interest | $0 |
| Taxes | $8,687 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,486 |
| Printing and publications | $0 |
| Other expenses | $5,201 |
| Total operating and administrative expenses | $50,205 |
| Contributions, gifts, grants paid | $209,637 |
| Total expenses and disbursements | $259,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,184 |
| Savings and temporary cash investments | $36,504 |
| 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 | $3,593,439 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,315 |
| Total assets | $3,638,442 |
| 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 | $488 |
| Total liabilities | $488 |
Grants Awarded
Over the last fiscal year, Robert & Evelyn Hewlett Morgan Family Foundation Inc has awarded $209,637 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
A BRIGHTER FUTURE LEARNING CENTER (CHRISTIAN SCHOOL FOR EXCELLENCE) PURPOSE: FINANCIAL AID - EDUCATION PROGRAMS | $2,160 |
AMATEUR RADIO EMERGENCY SERVICE PURPOSE: FINANCIAL AID - EQUIPMENT PURCHASE, PERSONAL PROTECTION EQUIPMENT | $12,225 |
BRIGHT LIFE FARMS PURPOSE: FINANCIAL AID - REPLACE FLOORING IN RESIDENCE HOME | $15,000 |
CALDWELL COUNTY BOARD OF EDUCATION PURPOSE: FINANCIAL AID - OUTDOOR CLASSROOMS; SCHOOL SUPPLIES; BAND INSTRUMENTS; THEATER, DANCE & MUSIC PERFORMANCES | $37,072 |
CALDWELL COUNTY FREE CLINIC PURPOSE: FINANCIAL AID - DIRECTOR'S SALARY & SUPPLIES | $14,825 |
CALDWELL COUNTY FOOD BANK CO CHRIST TABERNACLE CHURCH PURPOSE: FINANCIAL AID - FOOD SUPPLIES | $8,000 |