MORGAN CHARITABLE FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
MORGAN CHARITABLE FOUNDATION INC (EIN 76-0589391)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-07
IRS object ID
202411289349103411
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-07T12:30:40-04:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN760699045PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1POLLANS & COHEN PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 7759AddressLine1Txt
CityBEAUMONTCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77726ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN760589391EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE MORGAN CHARITABLE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMORGBusinessNameControlTxt
Phone4098381000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1801 LAURELAddressLine1Txt
CityBEAUMONTCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77701ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGLEN W MORGANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone4098381000PhoneNum
Signature2024-05-04SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstGLEN WPersonFirstNm
Person LastMORGANPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJANA URIBEPreparerPersonNm
PTINP01232792PTIN
Phone4098327400PhoneNum
Preparation2024-05-07PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$4,143,380FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,500,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$10,133InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$10,133InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$10,133InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss$1,510,133TotalRevAndExpnssAmt
Total Net Invst Incm$10,133TotalNetInvstIncmAmt
Total Adj Net Incm$10,133TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$550AccountingFeesRevAndExpnssAmt
Accounting Fees Adj Net Incm$550AccountingFeesAdjNetIncmAmt
Other Expenses Rev And Expnss$1OtherExpensesRevAndExpnssAmt
Other Expenses Adj Net Incm$1OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$551TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$551TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$107,988ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$107,988ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$108,539TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$551TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$107,988TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,401,594ExcessRevenueOverExpensesAmt
Net Investment Income$10,133NetInvestmentIncomeAmt
Adjusted Net Income$9,582AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$2,741,784CashBOYAmt
Cash EOY$4,143,380CashEOYAmt
Cash EOYFMV$4,143,380CashEOYFMVAmt
Total Assets BOY$2,741,784TotalAssetsBOYAmt
Total Assets EOY$4,143,380TotalAssetsEOYAmt
Total Assets EOYFMV$4,143,380TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$2,222,593CapitalStockBOYAmt
Capital Stock EOY$2,222,593CapitalStockEOYAmt
Retained Earning BOY$519,191RetainedEarningBOYAmt
Retained Earning EOY$1,920,787RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$2,741,784TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$4,143,380TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,741,784TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$4,143,380TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,741,784TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,401,594ExcessRevenueOverExpensesAmt
Other Increases$2OtherIncreasesAmt
Subtotal$4,143,380SubtotalAmt
Tot Net Ast Or Fund Balances EOY$4,143,380TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$141InvestmentIncomeExciseTaxAmt
Subtotal$141SubtotalAmt
Tax Based On Investment Income$141TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$985EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$985TotalPaymentsAndCreditsAmt
Overpayment$844OverpaymentAmt
Applied To ES Tax$844AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateTXOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1GLEN W MORGANBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4098381000PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1801 LAURELAddressLine1Txt
CityBEAUMONTCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77701ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonGLEN W MORGANPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1801 LAURELAddressLine1Txt
CityBEAUMONTCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77701ZIPCd
FieldValueIRS element (for citing)
TitlePRESIDENTTitleTxt
Average Hrs Per Wk Devoted To Pos000.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$2,776,217AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,776,217TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$2,776,217AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$41,643CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,734,574NetVlNoncharitableAssetsAmt
Minimum Investment Return$136,729MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$136,729MinimumInvestmentReturnAmt
Tax Based On Investment Income$141TaxBasedOnInvestmentIncomeAmt
Total Tax$141TotalTaxAmt
Distributable Before Adj$136,588DistributableBeforeAdjAmt
Distributable Before Ded$136,588DistributableBeforeDedAmt
Distributable As Adjusted$136,588DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$107,988ExpensesAndContributionsAmt
Qualifying Distributions$107,988QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$136,588DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$801,013ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$891,844ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$425,517ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$55,933ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$586,666ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$2,760,973TotalExcessDistributionCyovAmt
Qualifying Distributions$107,988QualifyingDistributionsAmt
Applied To Current Year$107,988AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$28,600ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$28,600ExcessDistributionCyovAppCYAmt
Total Corpus$2,732,373TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$772,413ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,959,960ExcessDistriCyovToNextYrAmt
Excess From Year4$891,844ExcessFromYear4Amt
Excess From Year3$425,517ExcessFromYear3Amt
Excess From Year2$55,933ExcessFromYear2Amt
Excess From Year1$586,666ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerGLEN W MORGANContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonGLEN W MORGANRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1801 LAURELAddressLine1Txt
CityBEAUMONTCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77701ZIPCd
FieldValueIRS element (for citing)
Recipient Phone4098381000RecipientPhoneNum
Form And Info And MaterialsNONEFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsNONERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtBusiness Name Line2RecipientBusinessName/BusinessNameLine2Txt
BIBLES & BIKES
701 MAIN STREETBEAUMONTTX77701NONE501(C)(3)UNRESTRICTED$31,937
GARTH HOUSE
1895 MCFADDINBEAUMONTTX77701NONE501(C)(3)UNRESTRICTED$32,000
TEXAS A & M KINGSVILLE
700 UNIVERSITY BLVDKINGSVILLETX78363NONE501(C)(3)UNRESTRICTED$20,075
AUSTIN SMILES
9415 BURNET ROAD STE 207AUSTINTX78758NONE501(C) (3)UNRESTRICTED$2,500
LAMAR UNIVERSITY
4400 SOUTH MLK JR PKWYBEAUMONTTX77705NONE501(C)(3)UNRESTRICTED$11,476
CARDIOVASCULAR FOUNDATION OF
2680 MCFADDIN STREETBEAUMONTTX77702NONE501(C)(3)UNRESTRICTED$5,000SOUTHEAST TEXAS
SETTA
6475 COLLEGE STBEAUMONTTX77707NONE501(C)(3)UNRESTRICTED$4,000
ANTIOCH MISSIONARY BAPTIST CHURCH
3920 W CARDINAL DRBEAUMONTTX77705NONE501(C)(3)UNRESTRICTED$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$107,988TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$10,133RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$10,133RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$10,133TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number3LineNumberTxt
Relationship StatementTHERE ARE NO ACTIVITIES WHICH PRODUCE INCOME EXCEPT MONEY INVESTED AT STELLAR BANKRelationshipStatementTxt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonGLEN W MORGANContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1801 LAURELAddressLine1Txt
CityBEAUMONTCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77701ZIPCd
FieldValueIRS element (for citing)
Total Contributions$1,500,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTINGCategoryTxt
Amt$550Amt
Adjusted Net Income$550AdjustedNetIncomeAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtAdjusted Net IncomeAdjustedNetIncomeAmt
EXPENSES
BANK SERVICE CHARGES$1$1

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescROUNDINGDesc
Amt$2Amt

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