W D Morgan Trust Harleston National Bank Trustee

The W D Morgan Trust Harleston National Bank Trustee is a nonprofit organization based in Dallas, Texas, identified by the Employer Identification Number (EIN) 37-6026817. This organization operates as a trust, primarily focusing on the administration of assets and financial resources with the aim of serving beneficiaries according to the terms established in its governing documents.

Financial Overview

As of 2023, W D Morgan Trust reported financial metrics that include total revenue of approximately $83,800 against total expenses of about $145,000 for the same year. The organization holds total assets valued at approximately $2.8 million, indicating a stable financial status with no reported liabilities[3][4]. Such financial structuring is typical for trust organizations that manage significant assets while ensuring compliance with regulations governing nonprofit financial activities.

Governance and Operations

The W D Morgan Trust operates under the fiduciary oversight of Harleston National Bank. As a trustee, Harleston National Bank is responsible for the administration of the trust's assets, ensuring they are managed responsibly and in alignment with the intended purpose of the trust. However, specific operational details and the organizational mission statement have not been publicly disclosed, which is often the case for many nonprofits that primarily serve financial or trust-related functions[4][5].

Context and Significance

Trust organizations like W D Morgan Trust play a crucial role in asset management and distribution, ensuring that funds are allocated in accordance with the wishes of the trust's grantor. This trust, alongside its trustee partnership, contributes to the financial landscape by providing essential services that help secure the financial future of its beneficiaries.

In summary, the W D Morgan Trust Harleston National Bank Trustee is an established entity within the nonprofit sector, focusing on trust management and asset administration, while maintaining a financially sound operation conducive to fulfilling its fiduciary responsibilities.

[1] https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-16a.xlsx [2] https://cnb1901.com/products-trust [3] https://projects.propublica.org/nonprofits/organizations/376026817 [4] https://www.guidestar.org/profile/37-6026817 [5] https://projects.propublica.org/nonprofits/organizations/376026817/202220819349100217/full/