Kelley & Morgan Families Foundation

Texarkana, TX
Tax-exempt since April 2011
EIN: 26-4050040

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$137k (2025)

Expenses

$172k (2025)

Total Assets

$1.64M (2025)

Total Liabilities

$0 (2025)

Source: Form 990 tax filings from 2012 to 2025

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending April
2025

Revenue

$137,409

Expenses

$172,314

Net Income

-$34,905

Net Assets

$1,641,522

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$242	0.2%
Dividends	$27,867	20.3%
Sales of Assets	$109,300	79.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$172,094	99.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,641,522
Total Liabilities	$0
Net Assets	$1,641,522

Compensation

Key Employees and Officers	Compensation	Other
Judy Kelley Morgan (President)	$0	$0
Haven Morgan Pearcy (Secretary)	$0	$0
Shelby Morgan Wanstrath (Director)	$0	$0
Ryan Patrick Morgan (Director)	$0	$0

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990-PF

Filed on July 8, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending April
2024

Revenue

$66,369

Expenses

$133,134

Net Income

-$66,765

Net Assets

$1,673,927

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$25,907	39.0%
Sales of Assets	$40,462	61.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$132,800	99.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,673,927
Total Liabilities	$0
Net Assets	$1,673,927

Compensation

Key Employees and Officers	Compensation	Other
Judy Kelley Morgan (President)	$0	$0
Shelby Morgan Wanstrath (Vice President)	$0	$0
Haven Morgan Pearcy (Secretary/Treasurer)	$0	$0

990-PF

Filed on March 14, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending April
2023

Revenue

$20,501

Expenses

$101,133

Net Income

-$80,632

Net Assets

$1,740,692

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$20,166	98.4%
Sales of Assets	$335	1.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$99,080	98.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,740,692
Total Liabilities	$0
Net Assets	$1,740,692

Compensation

Key Employees and Officers	Compensation	Other
Judy Kelley Morgan (President)	$0	$0
Shelby Morgan Wanstrath (Vice President)	$0	$0
Haven Morgan Pearcy (Secretary/Treasurer)	$0	$0

990-PF

Filed on March 14, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending April
2022

Revenue

$123,679

Expenses

$95,103

Net Income

$28,576

Net Assets

$1,821,324

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$20,500	16.6%
Sales of Assets	$103,179	83.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$93,123	97.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,821,324
Total Liabilities	$0
Net Assets	$1,821,324

Compensation

Key Employees and Officers	Compensation	Other
Judy Kelley Morgan (President)	$0	$0
Shelby Morgan Wanstrath (Vice Pres)	$0	$0
Haven Morgan Pearcy (Sec/Treas)	$0	$0

990-PF

Filed on Sept. 6, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending April
2021

Revenue

$37,025

Expenses

$104,123

Net Income

-$67,098

Net Assets

$1,792,747

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$16,203	43.8%
Sales of Assets	$20,821	56.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$102,024	98.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,792,748
Total Liabilities	$1
Net Assets	$1,792,747

Compensation

Key Employees and Officers	Compensation	Other
Judy Kelley Morgan (President)	$0	$0
Shelby Morgan Wanstrath (Vice Pres)	$0	$0
Haven Morgan Pearcy (Sec/Treas)	$0	$0

990-PF

Filed on Sept. 9, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending April
2020

Revenue

$52,545

Expenses

$136,248

Net Income

-$83,703

Net Assets

$1,859,845

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$49	0.1%
Dividends	$27,907	53.1%
Sales of Assets	$24,589	46.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$124,624	91.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,859,846
Total Liabilities	$1
Net Assets	$1,859,845

Compensation

Key Employees and Officers	Compensation	Other
Judy Kelley Morgan (President)	$0	$0
Shelby Morgan Wanstrath (Vice Pres)	$0	$0
Haven Morgan Pearcy (Sec/Treas)	$0	$0

990-PF

Filed on Feb. 24, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending April
2019

Revenue

$411,840

Expenses

$120,084

Net Income

$291,756

Net Assets

$1,943,548

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,066	0.3%
Dividends	$36,831	8.9%
Sales of Assets	$373,943	90.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$111,208	92.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,943,549
Total Liabilities	$1
Net Assets	$1,943,548

Compensation

Key Employees and Officers	Compensation	Other
Judy Kelley Morgan (President)	$0	$0
Shelby Morgan Wanstrath (Vice President)	$0	$0
Haven Morgan Pearcy (Secretary/Treasurer)	$0	$0

990-PF

Filed on Feb. 11, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending April
2018

Revenue

$50,927

Expenses

$126,552

Net Income

-$75,625

Net Assets

$1,651,793

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$439	0.9%
Dividends	$40,341	79.2%
Sales of Assets	$10,147	19.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$114,090	90.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,651,793
Total Liabilities	$0
Net Assets	$1,651,793

Compensation

Key Employees and Officers	Compensation	Other
Judy Kelley Morgan (President)	$0	$0
Shelby Morgan Wanstrath (Vice President)	$0	$0
Haven Morgan Pearcy (Secretary/Treasurer)	$0	$0

990-PF

Filed on Sept. 27, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending April
2017

Revenue

$93,539

Expenses

$132,936

Net Income

-$39,397

Net Assets

$1,727,418

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$147	0.2%
Dividends	$44,480	47.6%
Sales of Assets	$48,912	52.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$120,288	90.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,727,418
Total Liabilities	$0
Net Assets	$1,727,418

Compensation

Key Employees and Officers	Compensation	Other
Judy Kelley Morgan (President)	$0	$0
Shelby Morgan Wanstrath (Vice President)	$0	$0
Haven Morgan Pearcy (Secretary/Treasurer)	$0	$0

990-PF

Filed on March 13, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending April
2016

Revenue

$43,114

Expenses

$106,039

Net Income

-$62,925

Net Assets

$1,764,820

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,059	2.5%
Interest Revenue	$0
Dividends	$49,294	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$85,000	80.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,764,820
Total Liabilities	$0
Net Assets	$1,764,820

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending April
2015

Revenue

$220,009

Expenses

$121,278

Net Income

$98,731

Net Assets

$1,827,654

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$45,903	20.9%
Sales of Assets	$174,106	79.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$96,500	79.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,829,919
Total Liabilities	$2,265
Net Assets	$1,827,654

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending April
2014

Revenue

$102,067

Expenses

$111,333

Net Income

-$9,266

Net Assets

$1,728,977

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$47,959	47.0%
Sales of Assets	$54,108	53.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$91,115	81.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,728,977
Total Liabilities	$0
Net Assets	$1,728,977

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending April
2013

Revenue

$136,268

Expenses

$109,864

Net Income

$26,404

Net Assets

$1,738,243

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$41,008	30.1%
Interest Revenue	$0
Dividends	$52,746	38.7%
Sales of Assets	$42,514	31.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$85,000	77.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,738,243
Total Liabilities	$0
Net Assets	$1,738,243

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending April
2012

Revenue

$398,119

Expenses

$66,694

Net Income

$331,425

Net Assets

$1,711,837

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$35,000	8.8%
Interest Revenue	$0
Dividends	$36,518	9.2%
Sales of Assets	$326,601	82.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$49,000	73.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,711,837
Total Liabilities	$0
Net Assets	$1,711,837

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending April
2011

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending April
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Kelley & Morgan Families Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $137k (2025)

Expenses $172k (2025)

Total Assets $1.64M (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending April 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending April 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending April 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending April 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending April 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending April 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending April 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending April 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending April 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending April 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending April 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending April 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending April 2013

Extracted Financial Data

Revenue

$137k (2025)

Expenses

$172k (2025)

Total Assets

$1.64M (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending April
2025

Fiscal Year Ending April
2024

Fiscal Year Ending April
2023

Fiscal Year Ending April
2022

Fiscal Year Ending April
2021

Fiscal Year Ending April
2020

Fiscal Year Ending April
2019

Fiscal Year Ending April
2018

Fiscal Year Ending April
2017

Fiscal Year Ending April
2016

Fiscal Year Ending April
2015

Fiscal Year Ending April
2014

Fiscal Year Ending April
2013

Fiscal Year Ending April
2012

Fiscal Year Ending April
2011

Fiscal Year Ending April
2010