Dave Morgan Foundation
- Assets
- $520.5k
- Revenue
- $13.4k
- Investments
- $416.4k
- Employees
- 0
- Location
- Blackwell, OK
- Founding
- 10/1995
- Data as of
- 02/2023
- EIN
- 73-1475560
Organization Overview
Dave Morgan Foundation is located in Blackwell, OK. The organization was established in 1995. 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. Dave Morgan 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 02/2023, Dave Morgan Foundation generated $13.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (31.2%) each year. All expenses for the organization totaled $109.7k during the year ending 02/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Dave Morgan Foundation has awarded 19 individual grants totaling $378,700. 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 |
|---|---|---|---|
Lane Burdell Trustee | 25 | $55,000 | |
Bancfirst Trustee | 5 | $1,651 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8 |
| Dividends & Interest | $7,269 |
| Net Rental Income | $6,000 |
| Net Gain on Sale of Assets | $107 |
| Capital Gain Net Income | $107 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $63 |
| Total Revenue | $13,447 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $56,651 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,695 |
| Depreciation | $3,212 |
| Occupancy | $17,872 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,951 |
| Total operating and administrative expenses | $92,182 |
| Contributions, gifts, grants paid | $17,500 |
| Total expenses and disbursements | $109,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,200 |
| 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 | $416,437 |
| Net Land, buildings, and equipment | $43,913 |
| Other assets | -$3,016 |
| Total assets | $520,534 |
| 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, Dave Morgan Foundation has awarded $17,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NEWKIRK FIRE DEPT PURPOSE: DONATIONDONATION | $8,500 |
BLACKWELL PUBLIC LIBRARY PURPOSE: DONATION | $9,000 |