James & Rebecca Morgan Family Foundation

Los Altos, CA
Tax-exempt since Nov. 1993
EIN: 94-3187468

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

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.

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 Dec.
2021

Revenue

$2,868,330

Expenses

$34,415,996

Net Income

-$31,547,666

Net Assets

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,740	0.1%
Dividends	$271,650	9.5%
Sales of Assets	$2,592,272	90.4%
Other Income	$2,668	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$33,690,862	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	$0
Total Liabilities	$0
Net Assets	$0

Compensation

Key Employees and Officers	Compensation	Other
Linda Verhulp (Executive Director)	$171,061	$26,000
Lisa Downey (Program Director)	$114,673	$25,800
Mary Smith (Finance Director)	$69,675	$6,967
Mara Yarp (Grant Administrator)	$57,720	$24,082
James C Morgan (Chairman)	$0	$0
Rebecca Q Morgan (President)	$0	$0
Jeff Morgan (Secretary)	$0	$0
Mary Finegan (Trustee)	$0	$0

+ View more people

990-PF

Filed on Nov. 16, 2022

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$1,730,045

Expenses

$9,451,795

Net Income

-$7,721,750

Net Assets

$31,547,665

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,096	0.2%
Dividends	$476,541	27.5%
Sales of Assets	$1,207,722	69.8%
Other Income	$41,686	2.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,754,140	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	$31,547,666
Total Liabilities	$1
Net Assets	$31,547,665

Compensation

Key Employees and Officers	Compensation	Other
Linda Verhulp (Executive Director)	$145,317	$26,000
Lisa Downey (Program Director)	$106,483	$19,497
Mary Smith (Finance Director)	$68,367	$8,197
Mara Yarp (Grant Administrator)	$51,280	$20,935
James C Morgan (Chairman)	$0	$0
Rebecca Q Morgan (President)	$0	$0
Jeff Morgan (Secretary)	$0	$0
Mary Finegan (Trustee)	$0	$0

+ View more people

990-PF

Filed on Nov. 8, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$3,869,457

Expenses

$4,869,806

Net Income

-$1,000,349

Net Assets

$35,974,961

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$29,571	0.8%
Dividends	$737,780	19.1%
Sales of Assets	$3,097,382	80.0%
Other Income	$4,724	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,985,580	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	$35,974,962
Total Liabilities	$1
Net Assets	$35,974,961

Compensation

Key Employees and Officers	Compensation	Other
Linda Verhulp (Executive Director)	$137,254	$12,577
Lisa Downey (Program Officer)	$98,583	$9,858
Mary A Yarp (Admin Assistant)	$57,470	$5,747
Mary Yang Smith (Finance Manager)	$53,356	$5,336
James C Morgan (Chairman)	$0	$0
Rebecca Q Morgan (President)	$0	$0
Jeff Morgan (Secretary)	$0	$0
Mary Finegan (Trustee)	$0	$0

+ View more people

990-PF

Filed on Nov. 14, 2020

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$3,580,500

Expenses

$4,514,352

Net Income

-$933,852

Net Assets

$35,193,221

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$26,352	0.7%
Dividends	$690,964	19.3%
Sales of Assets	$2,843,191	79.4%
Other Income	$19,993	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,814,765	84.5%
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	$35,193,221
Total Liabilities	$0
Net Assets	$35,193,221

Compensation

Key Employees and Officers	Compensation	Other
Linda Verhulp (Executive Director)	$131,250	$12,688
Lisa Downey (Program Officer)	$93,771	$9,377
Mara A Yarp (Admin Assistant)	$54,694	$5,470
Mary Yang Smith (Finance Manager)	$48,882	$4,888
James C Morgan (Chairman)	$0	$0
Rebecca Q Morgan (President)	$0	$0
Jeff Morgan (Secretary)	$0	$0
Mary Finegan (Trustee)	$0	$0

+ View more people

990-PF

Filed on Nov. 11, 2019

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$3,221,378

Expenses

$3,108,383

Net Income

$112,995

Net Assets

$40,224,651

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,231	0.1%
Dividends	$632,994	19.6%
Sales of Assets	$2,578,137	80.0%
Other Income	$8,016	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,390,432	76.9%
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	$40,224,651
Total Liabilities	$0
Net Assets	$40,224,651

Compensation

Key Employees and Officers	Compensation	Other
Linda Verhulp (Executive Director)	$131,250	$7,875
Lisa Downey (Admin Assistant)	$91,083	$8,811
Mara A Yarp (Admin Assistant)	$57,776	$3,006
Mary Yang Smith (Finance Manager)	$46,676	$2,909
James C Morgan (Chairman)	$0	$0
Rebecca Q Morgan (President)	$0	$0
Jeff Morgan (Secretary)	$0	$0
Valerie Morgan (Trustee)	$0	$0
Mary Finegan (Trustee)	$0	$0

+ View more people

990-PF

Filed on Nov. 15, 2018

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$4,373,928

Expenses

$6,738,548

Net Income

-$2,364,620

Net Assets

$37,117,089

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,214	0.0%
Dividends	$645,940	14.8%
Sales of Assets	$3,725,827	85.2%
Other Income	$947	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,010,842	89.2%
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	$37,117,089
Total Liabilities	$0
Net Assets	$37,117,089

Compensation

Key Employees and Officers	Compensation	Other
Linda Verhulp (Executive Director)	$130,729	$7,219
Lisa Downey (Admin Assistant)	$88,896	$5,334
Mara A Yarp (Admin Assistant)	$52,080	$0
Mary Yang Smith (Finance Manager)	$46,605	$0
James C Morgan (Chairman)	$0	$0
Rebecca Q Morgan (President)	$0	$0
Jeff Morgan (Secretary)	$0	$0
Valerie Morgan (Trustee)	$0	$0
Mary Finegan (Trustee)	$0	$0
Suzanne C Olson (Program Manager)	$0	$0

+ View more people

990-PF

Filed on Nov. 14, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$7,643,598

Expenses

$5,889,259

Net Income

$1,754,339

Net Assets

$38,092,750

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,155	0.0%
Dividends	$736,046	9.6%
Sales of Assets	$6,897,040	90.2%
Other Income	$9,357	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,201,235	88.3%
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	$38,092,750
Total Liabilities	$0
Net Assets	$38,092,750

990-PF

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

PDF

Fiscal Year Ending Dec.
2014

Revenue

$16,567,295

Expenses

$6,248,340

Net Income

$10,318,955

Net Assets

$47,654,438

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$10,012,850	60.4%
Interest Revenue	$5,426	0.0%
Dividends	$634,200	3.8%
Sales of Assets	$5,883,817	35.5%
Other Income	$31,002	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,848,392	93.6%
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	$47,654,438
Total Liabilities	$0
Net Assets	$47,654,438

990-PF

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$8,148,507

Expenses

$5,453,191

Net Income

$2,695,316

Net Assets

$40,063,188

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,556	0.0%
Dividends	$566,902	7.0%
Sales of Assets	$7,558,204	92.8%
Other Income	$19,845	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,943,507	90.7%
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	$40,063,188
Total Liabilities	$0
Net Assets	$40,063,188

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$4,536,583

Expenses

$7,783,572

Net Income

-$3,246,989

Net Assets

$38,797,613

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$17,157	0.4%
Dividends	$745,895	16.4%
Sales of Assets	$3,774,874	83.2%
Other Income	-$1,343

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,306,674	93.9%
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	$38,797,613
Total Liabilities	$0
Net Assets	$38,797,613

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$10,524,183

Expenses

$6,484,919

Net Income

$4,039,264

Net Assets

$42,185,436

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$4,502,000	42.8%
Interest Revenue	$20,775	0.2%
Dividends	$692,570	6.6%
Sales of Assets	$5,243,325	49.8%
Other Income	$65,513	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,998,854	92.5%
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	$42,185,436
Total Liabilities	$0
Net Assets	$42,185,436

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.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

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.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated April 20, 2026

James & Rebecca Morgan Family Foundation

Organization summary

Organization summary might be incomplete or out of date

Type of Nonprofit

Tax Filings by Year

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2010

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2009

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2008

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2007

No Extracted Financial Data

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001