Charles Morton Share Trust
- Assets
- $19.5m
- Revenue
- $1.9m
- Investments
- $17.5m
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 07/1961
- Data as of
- 06/2023
- EIN
- 73-6090984
Organization Overview
Charles Morton Share Trust is located in Oklahoma City, OK. The organization was established in 1961. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Charles Morton Share Trust 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 06/2023, Charles Morton Share Trust generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $1.7m during the year ending 06/2023. While expenses have increased by 11.0% per year over the past 4 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 2015, Charles Morton Share Trust has awarded 41 individual grants totaling $4,354,802. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Holder Trustee | 5 | $12,000 | |
Argent Trust Of Oklahoma Trustee | 5 | $86,865 | |
Darrell Kline Trustee | 5 | $12,000 | |
Johnny Jones Trustee | 5 | $12,000 | |
Janet Cunningham Trustee | 5 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $592,470 |
| Net Rental Income | $368,888 |
| Net Gain on Sale of Assets | $237,336 |
| Capital Gain Net Income | $237,336 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $713,474 |
| Total Revenue | $1,912,168 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $134,865 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $44,164 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $186,696 |
| Total operating and administrative expenses | $379,105 |
| Contributions, gifts, grants paid | $1,363,787 |
| Total expenses and disbursements | $1,742,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $408,530 |
| 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 | $254,807 |
| Net Land, buildings, and equipment | $1,405,009 |
| Other assets | $149,008 |
| Total assets | $19,451,499 |
| 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, Charles Morton Share Trust has awarded $1,363,787 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ALVA PUBLIC SCHOOL PURPOSE: 2023 GRANT AWARD | $10,000 |
NORTHWESTERN OKLAHOMA STATE UNIVERSITY PURPOSE: GRANT FOR HOMECOMING | $3,787 |
OK DEPARTMENT OF CORRECTIONS PURPOSE: 2023 GRANT AWARD | $30,000 |
CHEROKEE STRIP MUSEUM PURPOSE: GRANT FOR ROOF REPAIR | $175,000 |
BURLINGTON PUBLIC SCHOOLS PURPOSE: 2023 GRANT AWARD | $75,000 |
ALVA ECONOMIC DEVELOPMENT AUTHORITY PURPOSE: 2023 SHARE FOUNDATION GRANT TO THE ALVA POOL FUND | $1,030,000 |