Charles Morton Share Trust
- Assets
- $17.7m
- Revenue
- $1.4m
- Investments
- $14.8m
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 07/1961
- Data as of
- 06/2021
- 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 06/2021, Charles Morton Share Trust generated $1.4m 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 (24.8%) each year. All expenses for the organization totaled $569.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (31.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Charles Morton Share Trust has awarded 26 individual grants totaling $2,801,015. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heritage Trust Company Trustee | 5 | $68,128 | |
Todd Holder Trustee | 5 | $12,000 | |
Dean Linder Trustee | 5 | $12,000 | |
Darrell Kline Trustee | 5 | $12,000 | |
Johnny Jones Trustee | 5 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $409,293 |
| Net Rental Income | $430,531 |
| Net Gain on Sale of Assets | $59,336 |
| Capital Gain Net Income | $59,336 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $458,943 |
| Total Revenue | $1,358,103 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $116,128 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $94,303 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $154,253 |
| Total operating and administrative expenses | $389,887 |
| Contributions, gifts, grants paid | $179,790 |
| Total expenses and disbursements | $569,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,159,356 |
| 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 | $1,405,872 |
| Other assets | $344,033 |
| Total assets | $17,736,595 |
| 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 $179,790 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ALVA BOARD OF EDUCATION PURPOSE: SCHOLARSHIPS | $60,000 |
Alva, OK PURPOSE: STERN CONCERT SERIES | $30,000 |
WOODS COUNTY CONSERVATION PURPOSE: MATCHING FUND | $30,000 |
ALVA COMMUNITY THEATRE PURPOSE: GENERAL FUND | $25,000 |
CITY OF ALVA PURPOSE: POOL RENOVATION | $22,290 |
Alva, OK PURPOSE: ENDOWMENT OF LECTURESHIP | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown Foundation Inc Houston, TX | $979,120,834 | $115,841,262 |
Moody Foundation Galveston, TX | $975,031,131 | $132,742,251 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Edward N And Della L Thome Memorial Foundation Dallas, TX | $16,863,248 | $21,555,807 |
Burnett Foundation Fort Worth, TX | $195,880,351 | $2,811,908 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Rapier Family Foundation San Antonio, TX | $15,198 | $1,321,420 |
Dan L Duncan Family Foundation Houston, TX | $0 | $27,292,814 |
James S Mcdonnell Foundation St Louis, MO | $496,119,714 | $80,243,658 |
Patterson Family Foundation Kansas City, MO | $1,526,002,008 | $1,174,628,172 |
Fmh Foundation Midland, TX | $321,253,044 | $148,706,487 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |