MORGAN CHARITABLE FOUNDATION INC: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
MORGAN CHARITABLE FOUNDATION INC (EIN 76-0589391)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-04
IRS object ID
202533089349101963
Schema version
2024v5.0
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)
Return2025-11-04T16:58:23-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

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 Begin2024-01-01TaxPeriodBeginDt

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
Signature2025-11-01SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJANA URIBEPreparerPersonNm
PTINP01232792PTIN
Phone4098327400PhoneNum
Preparation2025-11-03PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$4,734,150FMVAssetsEOYAmt
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$14,523InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$14,523InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$14,523InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss$1,514,523TotalRevAndExpnssAmt
Total Net Invst Incm$14,523TotalNetInvstIncmAmt
Total Adj Net Incm$14,523TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$550AccountingFeesRevAndExpnssAmt
Accounting Fees Adj Net Incm$550AccountingFeesAdjNetIncmAmt
Other Expenses Rev And Expnss$15OtherExpensesRevAndExpnssAmt
Other Expenses Adj Net Incm$15OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$565TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$565TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$923,188ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$923,188ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$923,753TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$565TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$923,188TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$590,770ExcessRevenueOverExpensesAmt
Net Investment Income$14,523NetInvestmentIncomeAmt
Adjusted Net Income$13,958AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$4,143,380CashBOYAmt
Cash EOY$4,734,150CashEOYAmt
Cash EOYFMV$4,734,150CashEOYFMVAmt
Total Assets BOY$4,143,380TotalAssetsBOYAmt
Total Assets EOY$4,734,150TotalAssetsEOYAmt
Total Assets EOYFMV$4,734,150TotalAssetsEOYFMVAmt
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$1,920,787RetainedEarningBOYAmt
Retained Earning EOY$2,511,557RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$4,143,380TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$4,734,150TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$4,143,380TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$4,734,150TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$4,143,380TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$590,770ExcessRevenueOverExpensesAmt
Subtotal$4,734,150SubtotalAmt
Tot Net Ast Or Fund Balances EOY$4,734,150TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$202InvestmentIncomeExciseTaxAmt
Subtotal$202SubtotalAmt
Tax Based On Investment Income$202TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$844EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$844TotalPaymentsAndCreditsAmt
Overpayment$642OverpaymentAmt
Applied To ES Tax$642AppliedToESTaxAmt

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$3,615,187AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,615,187TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$3,615,187AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$54,228CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,560,959NetVlNoncharitableAssetsAmt
Minimum Investment Return$178,048MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$178,048MinimumInvestmentReturnAmt
Tax Based On Investment Income$202TaxBasedOnInvestmentIncomeAmt
Total Tax$202TotalTaxAmt
Distributable Before Adj$177,846DistributableBeforeAdjAmt
Distributable Before Ded$177,846DistributableBeforeDedAmt
Distributable As Adjusted$177,846DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$923,188ExpensesAndContributionsAmt
Qualifying Distributions$923,188QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$177,846DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$891,844ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$425,517ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$55,933ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$586,666ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$1,959,960TotalExcessDistributionCyovAmt
Qualifying Distributions$923,188QualifyingDistributionsAmt
Applied To Current Year$177,846AppliedToCurrentYearAmt
Remaining Distri From Corpus$745,342RemainingDistriFromCorpusAmt
Total Corpus$2,705,302TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$891,844ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,813,458ExcessDistriCyovToNextYrAmt
Excess From Year4$425,517ExcessFromYear4Amt
Excess From Year3$55,933ExcessFromYear3Amt
Excess From Year2$586,666ExcessFromYear2Amt
Excess From Current Year$745,342ExcessFromCurrentYearAmt

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 (22 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ALL MY HEART HAITI INC
2542 BABCOCK ROADVIENNAVA22181NONE501(C)(3)UNRESTRICTED$4,500
ART MUSEUM OF SOUTHEAST TEXAS
500 MAIN STREETBEAUMONTTX77701NONE501(C)(3)UNRESTRICTED$5,000
BIBLES & BIKES
701 MAIN STREETBEAUMONTTX77701NONE501(C)(3)UNRESTRICTED$33,857
CASA
2449 CALDERBEAUMONTTX77702NONE501(C)(3)UNRESTRICTED$60,000
FAMILY SERVICES OF SOUTHEAST TEXAS
3550 FANNIN STREETBEAUMONTTX77701NONE501(C)(3)UNRESTRICTED$50,000
GARTH HOUSE
1895 MCFADDINBEAUMONTTX77701NONE501(C)(3)UNRESTRICTED$38,000
HOPE CENTER
1155 IH 10 NBEAUMONTTX77706NONE501(C)(3)UNRESTRICTED$15,000
JOE PYBURN FOUNDATION
5615 CLINTON STBEAUMONTTX77706NONE501(C)(3)UNRESTRICTED$20,000
KOUNTZE EVANGELISTIC DISTRICT CHURC
2800 HIGHWAY 327 WSILSBEETX77656NONE501(C)(3)UNRESTRICTED$1,000
LAMAR UNIVERSITY
4400 SOUTH MLK JR PKWYBEAUMONTTX77705NONE501(C)(3)UNRESTRICTED$215,273
NUTRITION SERVICES FOR SENIORS
4590 CONCORD ROADBEAUMONTTX77703NONE501(C)(3)UNRESTRICTED$15,000
POWER CASTLE MINISTRIES
PO BOX 5331BEAUMONTTX77726NONE501(C)(3)UNRESTRICTED$60,000
SETTA
6475 COLLEGE STBEAUMONTTX77707NONE501(C)(3)UNRESTRICTED$4,000
SETX CHURCH
PO BOX 5116BEAUMONTTX77702NONE501(C)(3)UNRESTRICTED$250,000
SHORKEY CENTER OF BEAUMONT
855 SOUTH 8TH STBEAUMONTTX77701NONE501(C)(3)UNRESTRICTED$10,000
SOME OTHER PLACE
590 CENTERBEAUMONTTX77701NONE501(C)(3)UNRESTRICTED$50,000
ST ANNE CATHOLIC SCHOOL
2715 CALDER AVENUEBEAUMONTTX77702NONE501(C)(3)UNRESTRICTED$30,862
TEXAS A & M KINGSVILLE
700 UNIVERSITY BLVDKINGSVILLETX78363NONE501(C)(3)UNRESTRICTED$15,696
THE ARC OF GREATER BEAUMONT
700 NORTH ST STE QBEAUMONTTX77701NONE501(C)(3)UNRESTRICTED$15,000
THE WALKER BELDEN FOUNDATION
26867 NELSON HILLBOERNETX78006NONE501(C)(3)UNRESTRICTED$10,000
TRINITY WEEKDAY MINISTRIES
3430 HARRISON AVENUEBEAUMONTTX77706NONE501(C)(3)UNRESTRICTED$10,000
WESTGATE MEMORIAL BAPTIST CHURCH
6220 WESTGATEBEAUMONTTX77706NONE501(C)(3)UNRESTRICTED$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$923,188TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$14,523RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$14,523RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$14,523TotalIncomeProducingActyAmt

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$15$15

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