Skip to content
Nonprofiteer
← BILL AND SARA MORGAN REAL ESTATE FOUNDATION

Form 990 for tax year 2024

Filed by BILL AND SARA MORGAN REAL ESTATE FOUNDATION.

Totals

Total revenue
$235,673
Total expenses
$270,312
Contributions and grants received
$0
Grants paid
$228,000
Program service revenue
$227,000
Investment income
$8,673
Other revenue
$0
Total assets, end of year
$1,932,694
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,932,694
Program services expenses (Part IX)
$266,572
Management and general expenses
$3,740
Fundraising expenses
$0
Program service expenses (Part III)
$266,572

Program services were 98.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL INCOME

    total $227,000 · related or exempt $227,000

  • 3 · Investment income

    total $8,573 · excluded $8,573

  • 7a · Gross sales of assets other than inventory

    securities $4,957

  • 7b · Less cost or other basis and sales expenses

    securities $4,857

  • 7c · Gain or loss

    securities $100

  • 7d · Net gain or loss

    total $100 · excluded $100

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $228,000 · program services $228,000

  • 11a · Fees: management

    total $11,554 · program services $11,554

  • 11c · Fees: accounting

    total $3,700 · management and general $3,700

  • 11f · Fees: investment management

    total $40 · management and general $40

  • 22 · Depreciation, depletion and amortization

    total $27,018 · program services $27,018

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $84,120 · end of year $73,902

  • 10a · Land, buildings and equipment: cost or other basis

    $2,971,968

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,183,756

  • 10c · Land, buildings and equipment, net

    beginning of year $1,815,230 · end of year $1,788,212

  • 12 · Investments: other securities

    beginning of year $70,580 · end of year $70,580

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,450 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,967,480 · end of year $1,932,694

Mission and programs · 2024

Mission

PROVIDE SUPPORT FOR 501(C)(3) ORGANIZATIONS

  • PARTICIPATION IN THE DEVELOPMENT OF A BUILDING DEDICATED TO THE ADVANCEMENT OF EDUCATION REGARDING THE PROCESS, PRODUCT AND HISTORY OF CONTEMPORARY CRAFT. THE ORGANIZATION HAS A LEASE AGREEMENT WITH THE HOUSTON CENTER FOR CONTEMPORARY CRAFT AND ALSO PROVIDES SUPPORT TO THE CENTER IN THE FORM OF GRANTS.

    Expenses $266,572 · Grants $228,000 · Revenue $227,000

As filed on the 2024 return.

Listed in Part VII

  • Sara Morgan

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Stephen D Maislin

    SECRETARY

    Total calculated
    $791,256
    From this org
    $0
    From related orgs
    $737,482
    Other
    $53,774
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $548,878 related
    Bonus
    $0 + $150,000 related
    Other
    $0 + $38,604 related
    Deferred
    $0 + $20,700 related
    Nontaxable benefits
    $0 + $33,074 related
    Filer's total
    $0 + $791,256 related

  • Mary Nell Lovett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Anne L Kinder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE RELATED ORGANIZATION SELECTS 'COMPENSATION COMMITTEE AND 'APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE' ON ITS FORM 990, SCHEDULE J, PART I.
PART I, LINE 4B
THE RELATED ORGANIZATION HAS ENTERED INTO A DEFERRED COMPENSATION AGREEMENT WITH AN EXECUTIVE EMPLOYED BY THE GREATER HOUSTON COMMUNITY FOUNDATION. THE TERM OF THE AGREEMENT IS COEXTENSIVE WITH THE TERM OF THE EMPLOYEE'S CONTINGENT COMPENSATION WHICH IS PAYABLE AS THE EMPLOYEE BECOMES VESTED IN EMPLOYMENT WITH THE FOUNDATION. THE AGREEMENT PROVIDES ONLY DEFERRED AND THAT COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • AALMAAH FUND

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • APEX HERITAGE FOUNDATION

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • BARBARA BUSH HOUSTON LITERACY FOUNDATION

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • CENTER FOR COMMUNITY INITIATIVES OF GREATER HOUSTON COMMUNITY FOUNDATION

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • COMISKEY FOUNDATION

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • CONNECTIVE

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • FIGHTFORUS

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • FRANK LIU JR FOUNDATION

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • GFGH FUNDRAISING

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • GREAT SOUTHWEST EQUESTRIAN FOUNDATION

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • GREATER HOUSTON COMMUNITY FOUNDATION

    501(C)(3) · PROVIDE SERVICES AND FINANCIAL ASSISTANCE TO THE COMMUNITY · TX

  • HOPE BIOSCIENCES STEM CELL RESEARCH FOUNDATION

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • HOUSTON CENTER FOR CONTEMPORARY CRAFT

    501(C)(3) · ADVANCE EDUCATION ABOUT CONTEMPORARY CRAFT TO THE HOUSTON COMMUNITY · TX

  • HOUSTON COALITION AGAINST HATE

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • HOUSTON IN ACTION

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • LEWIS FAMILY CHARITABLE FOUNDATION

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • MAROON RESEARCH INSTITUTE

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • MENTAL HEALTH CHANNEL

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • ST ALBERT TRUST

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • THE HOUSTON FUND FOR SOCIAL JUSTICE AND ECONOMIC EQUITY

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • VIRANI FAMILY FOUNDATION

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • WITHMERCI FOUNDATION

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • WOODNEXT PHILANTHROPIES

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • WOODWAY SUPPORTING FOUNDATION 3

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • WOODWAY SUPPORTING FOUNDATION 5

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • WOODWAY SUPPORTING FOUNDATION 6

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • WOODWAY SUPPORTING FOUNDATION 8

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • WOODWAY SUPPORTING FOUNDATION 9

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • WOODWAY SUPPORTING FOUNDATION 13

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • WOODWAY SUPPORTING FOUNDATION 14

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • WOODWAY SUPPORTING FOUNDATION 17

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

  • WOODWAY SUPPORTING FOUNDATION 18

    501(C)(3) · SUPPORTING ORGANIZATION TO GREATER HOUSTON COMMUNITY FOUNDATION · TX

    Directly controlled by GREATER HOUSTON COMMUNITY FOUNDATION

Provenance

Return type
form_990
Tax year
2024
Filed
24 October 2025
IRS schema version
2024v5.2
Source object
202512979349301911

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.