Carol Morgan School Foundation Inc
Carol Morgan School Foundation Inc. reports minimal financial activity with $1 in revenue and $0 in expenses for multiple years.
EIN: 20545768 · Tuscaloosa, AL · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1 |
| Net Assets | $2K |
| Transparency Score | 20/100 |
Is Carol Morgan School Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Carol Morgan School Foundation Inc
Carol Morgan School Foundation Inc (EIN: 20545768) is a nonprofit organization based in Tuscaloosa, AL, classified under NTEE code T30. The organization reported total revenue of $1 and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carol Morgan School Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carol Morgan School Foundation Inc is a micro nonprofit that has been operating for 23 years, with 6 years of IRS 990 filings on record (2012–2021). Revenue has grown at a compound annual rate of 0.0%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $0 |
| Surplus / Deficit | +$1 |
| Total Assets | $2K |
| Total Liabilities | $1 |
| Net Assets | $2K |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 0.0% |
Financial Health Grade: A
In 2021, Carol Morgan School Foundation Inc reported a surplus of $1 with revenue exceeding expenses, has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2012–2021), Carol Morgan School Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +0.0% | — | +0.0% |
| 2020 | +0.0% | — | +0.0% |
| 2015 | +0.0% | — | +0.0% |
| 2013 | -100.0% | — | -100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Carol Morgan School Foundation Inc with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Carol Morgan School Foundation Inc allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating no salaries or other compensation paid to officers, which is appropriate given the organization's minimal financial activity.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Carol Morgan School Foundation Inc's IRS 990 filings:
- Extremely low and consistent revenue ($1) for multiple years, suggesting dormancy or lack of active operations.
- Consistent $0 expenses for most periods, indicating no apparent programmatic or administrative spending.
- Lack of clear financial evidence of mission-related activities.
Strengths
The following positive indicators were identified for Carol Morgan School Foundation Inc:
- Consistent IRS 990 filing compliance.
- No reported officer compensation, indicating no personal financial benefit to leadership from the organization's minimal funds.
- Stable asset base of $2,267 with minimal liabilities.
Frequently Asked Questions about Carol Morgan School Foundation Inc
Is Carol Morgan School Foundation Inc a legitimate charity?
Carol Morgan School Foundation Inc (EIN: 20545768) is a registered tax-exempt nonprofit based in Alabama. Our AI analysis gives it a Mission Score of 20/100. It has 6 years of IRS 990 filings on record. Total revenue: $1. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Carol Morgan School Foundation Inc spend its money?
Carol Morgan School Foundation Inc reported $1 in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Carol Morgan School Foundation Inc tax-deductible?
Carol Morgan School Foundation Inc is registered as a tax-exempt nonprofit (EIN: 20545768). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Carol Morgan School Foundation Inc compare to similar nonprofits?
With a transparency score of 20/100 (Poor), Carol Morgan School Foundation Inc is below average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Carol Morgan School Foundation Inc located?
Carol Morgan School Foundation Inc is headquartered in Tuscaloosa, Alabama and files with the IRS under EIN 20545768. It is classified under NTEE code T30.
How many years of IRS 990 filings does Carol Morgan School Foundation Inc have?
Carol Morgan School Foundation Inc has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1 in total revenue.
What is the actual programmatic activity of the Carol Morgan School Foundation Inc. given its consistent $1 revenue and $0 expenses?
The IRS 990 data does not provide details on programmatic activities. The consistent reporting of $1 in revenue and $0 in expenses for most years suggests very limited, if any, active programming or operations.
How does the organization sustain itself with such minimal revenue?
With $1 in revenue and $0 in expenses for most periods, the organization appears to be largely inactive financially. It is not incurring significant costs that would require substantial revenue for sustenance.
What is the purpose of maintaining an organization with such low financial activity?
The IRS 990 data alone cannot explain the strategic purpose. It's possible the organization exists as a dormant entity, for future potential activities, or for non-financial purposes not reflected in these filings.
Filing History
IRS 990 filing history for Carol Morgan School Foundation Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2012–2021), Carol Morgan School Foundation Inc's revenue has grown by 0%, moving from $1 to $1. Total assets increased by 0% over the same period, from $2K to $2K. The organization holds $1 in liabilities against $2K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $1 | $0 | $2K | $1 | — | — |
| 2020 | $1 | $0 | $2K | $0 | — | View 990 |
| 2015 | $1 | $0 | $2K | $0 | — | View 990 |
| 2014 | $1 | $0 | $2K | $0 | — | View 990 |
| 2013 | $0 | $2K | $1 | $0 | — | View 990 |
| 2012 | $1 | $0 | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $1, expenses of $0, and assets of $2K (revenue +0.0% year-over-year).
- 2020: Revenue of $1, expenses of $0, and assets of $2K (revenue +0.0% year-over-year).
- 2015: Revenue of $1, expenses of $0, and assets of $2K (revenue +0.0% year-over-year).
- 2014: Revenue of $1, expenses of $0, and assets of $2K.
- 2013: Revenue of $0, expenses of $2K, and assets of $1 (revenue -100.0% year-over-year).
- 2012: Revenue of $1, expenses of $0, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carol Morgan School Foundation Inc:
Data Sources and Methodology
This transparency report for Carol Morgan School Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.