Is Morgan Education Foundation Legit?

The Morgan Education Foundation demonstrates consistent financial health and strong program focus based on its IRS 990 filings. Over the past decade, the organization has maintained a healthy asset base, growing from $434,826 in 2014 to $858,083 in 2023, indicating sound financial management and accumulation of resources. Their revenue has fluctuated but generally supported their operational expenses, with a notable surplus in most years, contributing to asset growth. For instance, in 2023, revenue was $161,712 against expenses of $127,867, showing a surplus. The foundation exhibits excellent spending efficiency, consistently directing a very high percentage of its expenses towards program services. With no reported officer compensation across all filings, and zero liabilities, it suggests a lean operational structure and a strong commitment to its educational mission. The absence of liabilities further underscores financial stability and responsible fiscal practices. The consistent filing of 13 IRS 990 forms also indicates a commitment to transparency. Overall, the Morgan Education Foundation appears to be a well-managed and financially stable organization with a clear dedication to its programmatic goals. Its consistent asset growth, lack of executive compensation, and absence of liabilities are strong indicators of a healthy and transparent nonprofit.