Morgans Inclusion Initiative
- Assets
- $24.1m
- Revenue
- $3.6m
- Investments
- $16.5m
- Employees
- 25
- Location
- San Antonio, TX
- Founding
- Data as of
- 12/2022
- EIN
- 84-5124052
Organization Overview
Morgans Inclusion Initiative is located in San Antonio, TX. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 12/2022, Morgans Inclusion Initiative employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morgans Inclusion Initiative 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, Morgans Inclusion Initiative generated $3.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (36.9%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (41.0%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE FOR INDIVIDUALS OF ALL AGES AND ALL ABILITIES THROUGH INITIATIVES THAT PRODUCE FULLY-INCLUSIVE, ULTRA-ACCESSIBLE EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IMPROVE THE QUALITY OF LIFE FOR INDIVIDUALS OF ALL AGES AND ALL ABILITIES THROUGH INITIATIVES THAT PRODUCE FULLY-INCLUSIVE, ULTRA-ACCESSIBLE EXPERIENCES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Malcolm Brent Fields CEO | Officer | 40 | $242,040 |
Bryan R Edwards CFO | Officer | 40 | $86,090 |
Robert Cervantes Controller | 40 | $32,784 | |
Gordon Hartman Chair | Trustee | 0 | $0 |
Maggie Hartman Vice-Chair | Trustee | 0 | $0 |
Homer Bhullar Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vaco Llc Personnel - Temp | 12/30/22 | $171,573 |
Topbox Solutions Tech Support | 12/30/22 | $170,472 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,148,565 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,148,565 |
| Total Program Service Revenue | $225,430 |
| Investment income | $171,582 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $824,051 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,619,373 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $400,050 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $328,130 |
| Compensation of current officers, directors, key employees. | $22,109 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $771,959 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $306,236 |
| Payroll taxes | $81,004 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,853 |
| Fees for services: Accounting | $12,498 |
| Fees for services: Lobbying | $203,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $491,447 |
| Advertising and promotion | $53,088 |
| Office expenses | $49,319 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,920 |
| Travel | $904 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $89,051 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,666 |
| Insurance | $0 |
| All other expenses | $373 |
| Total functional expenses | $2,954,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,824 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,493,250 |
| Accounts receivable, net | $1,938,308 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,364 |
| Net Land, buildings, and equipment | $15,569 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $16,499,400 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,058,715 |
| Accounts payable and accrued expenses | $3,016,241 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,000,659 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,016,900 |
| Net assets without donor restrictions | $11,128,170 |
| Net assets with donor restrictions | $1,913,645 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $24,058,715 |
Grants Awarded
Over the last fiscal year, Morgans Inclusion Initiative has awarded $400,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE MULTI-ASSISTANCE CENTER AT MORGAN'S WONDERLAND PURPOSE: UNRESTRICTED CONTRIBUTIONS | $375,000 |
MORGAN'S WONDERLAND PURPOSE: UNRESTRICTED CONTRIBUTIONS | $25,000 |