Nonprofit · EIN 34-1948246
MARGARET CLARK MORGAN FOUNDATION
Tax-exempt · HUDSON, OH 44236
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $9,432,602 | $5,874,338 | $3,558,264 | $110,988,942 | $1,855,966 | $109,132,976 |
| December 31, 2023 | 990-PF | $6,015,973 | $5,455,523 | $560,450 | $106,714,972 | $3,064,041 | $103,650,931 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,222,126
- Dividends
- $1,751,820
- Interest
- $184
- Net gain from sales of assets
- $5,913,765
- Other income
- $544,707
Expenses
- Grants and similar amounts paid
- $1,303,073
- Compensation of officers, directors and key employees
- $610,488
- Salaries, compensation and benefits (total)
- $510,592
- Disbursements for charitable purposes
- $6,255,699
- Excise tax on investment income
- $90,673
Balance sheet and other
- Total assets, start of year
- $106,714,972
- Total assets, end of year
- $110,988,942
- Total liabilities, end of year
- $1,855,966
- Net assets, end of year
- $109,132,976
- Fair market value of assets
- $110,988,942
- Qualifying distributions
- $11,966,477
- Net investment income
- $7,312,336
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICK KELLAR 53 FIRST STREET, HUDSON, OH 44236 | PRESIDENT | 60 | $338,000 | $38,348 |
| THOM CRAIG 53 FIRST STREET, HUDSON, OH 44236 | DIRECTOR - MENTAL HE Highest-paid employee | 40 | $153,167 | $4,595 |
| VICTORIA ROMANDA 53 FIRST STREET, HUDSON, OH 44236 | CHIEF OF STAFF Highest-paid employee | 40 | $131,058 | $22,741 |
| JOCELYN DOUGHERTY 53 FIRST STREET, HUDSON, OH 44236 | GRANT OPERATIONS MAN Highest-paid employee | 40 | $75,794 | $23,265 |
| RHONDA KADISH 53 FIRST STREET, HUDSON, OH 44236 | CAMPUS COORD Highest-paid employee | 40 | $54,138 | $18,634 |
| KIMBERLY FRATZ 53 FIRST STREET, HUDSON, OH 44236 | EXEC ADMIN Highest-paid employee | 40 | $45,250 | $13,219 |
| JONATHAN T PAVLOFF 53 FIRST STREET, HUDSON, OH 44236 | CHAIR | 15 | $28,000 | $0 |
| ROBERT D KALLSTROM 53 FIRST STREET, HUDSON, OH 44236 | TREASURER | 15 | $28,000 | $0 |
| JEFFERY T KNOLL 53 FIRST STREET, HUDSON, OH 44236 | SECRETARY | 15 | $28,000 | $0 |
| A WILLIAM MCGRAW 53 FIRST STREET, HUDSON, OH 44236 | TRUSTEE | 15 | $28,000 | $0 |
| DOUGLAS MCKAY 53 FIRST STREET, HUDSON, OH 44236 | TRUSTEE | 15 | $28,000 | $0 |
| MARTIN HAUSER 53 FIRST STREET, HUDSON, OH 44236 | TRUSTEE | 15 | $28,000 | $0 |
| SUZANNE GRAHAM 53 FIRST STREET, HUDSON, OH 44236 | TRUSTEE | 15 | $28,000 | $0 |
| PATRICE FETZER 53 FIRST STREET, HUDSON, OH 44236 | TRUSTEE | 15 | $28,000 | $0 |
990-PF for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICK KELLAR 10 W STREETSBORO ST SUITE 200, HUDSON, OH 44236 | PRESIDENT | 60 | $326,052 | $38,348 |
| THOM CRAIG 10 W STREETSBORO ST SUITE 200, HUDSON, OH 44236 | DIRECTOR - MENTAL HE Highest-paid employee | 50 | $134,590 | $25,728 |
| VICTORIA ROMANDA 10 W STREETSBORO ST SUITE 200, HUDSON, OH 44236 | CHIEF OF STAFF Highest-paid employee | 60 | $110,015 | $22,119 |
| JOCELYN DOUGHERTY 10 W STREETSBORO ST SUITE 200, HUDSON, OH 44236 | GRANT OPERATIONS MAN Highest-paid employee | 40 | $61,856 | $22,847 |
| KIMBERLY FRATZ 10 W STREETSBORO ST SUITE 200, HUDSON, OH 44236 | EXECUTIVE ASSISTANT Highest-paid employee | 40 | $38,859 | $13,027 |
| JONATHAN T PAVLOFF 10 W STREETSBORO ST SUITE 200, HUDSON, OH 44236 | CHAIR | 15 | $28,000 | $0 |
| ROBERT D KALLSTROM 10 W STREETSBORO ST SUITE 200, HUDSON, OH 44236 | TREASURER | 15 | $28,000 | $0 |
| JEFFERY T KNOLL 10 W STREETSBORO ST SUITE 200, HUDSON, OH 44236 | TRUSTEE | 15 | $28,000 | $0 |
| A WILLIAM MCGRAW 10 W STREETSBORO ST SUITE 200, HUDSON, OH 44236 | TRUSTEE | 15 | $28,000 | $0 |
| DOUGLAS MCKAY 10 W STREETSBORO ST SUITE 200, HUDSON, OH 44236 | TRUSTEE | 15 | $28,000 | $0 |
| MARTIN HAUSER 10 W STREETSBORO ST SUITE 200, HUDSON, OH 44236 | TRUSTEE | 15 | $28,000 | $0 |
| SUZANNE GRAHAM 10 W STREETSBORO ST SUITE 200, HUDSON, OH 44236 | TRUSTEE | 15 | $28,000 | $0 |
| PATRICE FETZER 10 W STREETSBORO ST SUITE 200, HUDSON, OH 44236 | TRUSTEE | 15 | $28,000 | $0 |
| PENELOPE A FRESE 10 W STREETSBORO ST SUITE 200, HUDSON, OH 44236 | SECRETARY | 15 | $7,000 | $0 |
Address and contacts
- Address (IRS master file)
- 53 1ST ST, HUDSON, OH 44236-5391
- Signed the 990-PF
- RICK KELLAR, PRESIDENT
- Phone
- (330) 655-1366
- Website
- HTTPS://PEGSFOUNDATION.ORG/
- Return prepared by
- SIKICH LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 34-1948246
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $110,988,942
- Income (IRS master file)
- $31,644,395
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $9,432,602 | $5,874,338 | $110,988,942 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $6,015,973 | $5,455,523 | $106,714,972 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-1948246).
Questions about MARGARET CLARK MORGAN FOUNDATION
- What is the EIN of MARGARET CLARK MORGAN FOUNDATION?
- The employer identification number (EIN) of MARGARET CLARK MORGAN FOUNDATION is 34-1948246.
- Is MARGARET CLARK MORGAN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to MARGARET CLARK MORGAN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MARGARET CLARK MORGAN FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MARGARET CLARK MORGAN FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MARGARET CLARK MORGAN FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of MARGARET CLARK MORGAN FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 14 people; 14 received compensation from the organization, the highest $338,000 (RICK KELLAR, PRESIDENT).
- How much revenue does MARGARET CLARK MORGAN FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $9,432,602, expenses of $5,874,338 and total assets of $110,988,942 at year end.
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