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Filing year 2024

CHARLENE AND THOMAS MORGAN CHARITABLE FOUNDATION INC

Red Rock, Texas·EIN 46-4277924·NTEE T11 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$1.9M
Total assets
$9.1M
Total expenses
$889k
Reported officers
3

Executive compensation

Form 990-PF · Part VIII · 3 reported individuals · Filing year 2024

Director
Unclassified
$40k
$42k
Director
Unclassified
$40k
$42k
Director
Unclassified
$40k
$42k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at CHARLENE AND THOMAS MORGAN CHARITABLE FOUNDATION INC equaled 4% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
4%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$572k

Itemized grants

13

Median grant

$40k

RecipientLocationPurposeAmount
BATEMAN BAPTIST CHURCHRED ROCK, TXFURTHERANCE OF THE CHRISTIAN FAITH AND MINISTRY TO THE SURROUNDING COMMUNITY$156k
River Valley ChristianBastrop, TXfurtherance of the christian faith and ministry to the surrounding community$100k
FRIENDS OF LIVING WORD CHURCHSEWICKLEY, PAGENERAL FUNDRAISING$66k
THE MISSION AT THE CROSSLAUREL, MSFOR THE ESTABLISHMENT AND OPERATIONS OF 24 HOUR A DAY CHURCHES, SHELTERS FOR THE LESS FORTUNATE AND THE MINISTRIES THEREIN$60k
CALDWELL COUNTY COWBOY CHURCHDALE, TXGENERAL FUNDRAISING$50k
Gospel AdventuresSt Louis, MOGeneral Fundraising$50k
VALLEY BAPTIST CHURCHBAKERSFIELD, CAFURTHERANCE OF THE CHRISTIAN FAITH AND MINISTRY TO THE SURROUNDING COMMUNITY$40k
KBC MINISTRIES INCSAN ANTONIO, TXGENERAL FUNDRAISING$10k
FIRST LOCKHART BAPTIST CHURCHLOCKHART, TXGENERAL FUNDRAISING$10k
Allegro SolutionsHouston, TXGENERAL Fundraising$10k
Hope House BastropBastrop, TXGENERAL FUNDRAISING$10k
Student MobilizationConway, ARGENERAL FUNDRAISING$5k
The Christian Motorcycle Associationhartfield, ARgeneral fundraising$5k
Compare this foundation's grantees

Held steady
from 2023

From $40k in 2023 to $40k in 2024.

$40k
2023
$40k
2024
In today's dollarsEst.
Down 3% in real terms$44k to $42k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about CHARLENE AND THOMAS MORGAN CHARITABLE FOUNDATION INC

What are CHARLENE AND THOMAS MORGAN CHARITABLE FOUNDATION INC's revenue and expenses?

In 2024, CHARLENE AND THOMAS MORGAN CHARITABLE FOUNDATION INC reported $1.9M in total revenue and $889k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.