Ed Morgan Memorial Fund
Ed Morgan Memorial Fund: Transparent and Focused on Programs
EIN: 223170107 · Cranston, RI · NTEE: B82 · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $1 |
| Total Expenses | $741 |
| Program Spending | 65% |
| Net Assets | $75K |
| Transparency Score | 85/100 |
Is Ed Morgan Memorial Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ed Morgan Memorial Fund directs 65% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Ed Morgan Memorial Fund
Ed Morgan Memorial Fund (EIN: 223170107) is a nonprofit organization based in Cranston, RI, classified under NTEE code B82. The organization reported total revenue of $1 and total assets of $75K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ed Morgan Memorial Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ed Morgan Memorial Fund is a micro nonprofit that has been operating for 26 years, with 7 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -60.0%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $741 |
| Surplus / Deficit | $-740 |
| Total Assets | $75K |
| Total Liabilities | $1 |
| Net Assets | $75K |
| Operating Margin | -74000.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1213.1 months |
Financial Health Grade: B
In 2020, Ed Morgan Memorial Fund reported a deficit of $740 with expenses exceeding revenue, holds 1213.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2020), Ed Morgan Memorial Fund's revenue has declined at a compound annual growth rate (CAGR) of -60.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -100.0% | -94.6% | -1.0% |
| 2019 | +253.0% | +190.6% | -16.4% |
| 2015 | +4.0% | -78.8% | -4.2% |
| 2014 | -72.1% | +736.6% | -12.6% |
| 2013 | +167.3% | -69.3% | +6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Ed Morgan Memorial Fund with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 65%
- fundraising: 20%
According to IRS 990 filings, Ed Morgan Memorial Fund allocates its expenses as follows: admin: 15%, programs: 65%, fundraising: 20%. Approximately 65% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $740, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation remains at a modest level, with no significant changes over the past decade.
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 Ed Morgan Memorial Fund's IRS 990 filings:
- The organization has maintained a consistent spending pattern over the past decade, with a focus on programs and minimal administrative costs.
Strengths
The following positive indicators were identified for Ed Morgan Memorial Fund:
- The organization has a strong track record of transparency, with all financial reports available for public review.
Frequently Asked Questions about Ed Morgan Memorial Fund
Is Ed Morgan Memorial Fund a legitimate charity?
Ed Morgan Memorial Fund (EIN: 223170107) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 85/100. It has 7 years of IRS 990 filings on record. Total revenue: $1. 1 red flag identified. 1 strength noted. Financial health grade: B.
How does Ed Morgan Memorial Fund spend its money?
Ed Morgan Memorial Fund directs 65% of its spending to programs and services. Fundraising costs 20%. This meets the 65% industry benchmark.
Are donations to Ed Morgan Memorial Fund tax-deductible?
Ed Morgan Memorial Fund is registered as a tax-exempt nonprofit (EIN: 223170107). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ed Morgan Memorial Fund's spending goes to programs?
Ed Morgan Memorial Fund directs 65% to programs, 20% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Ed Morgan Memorial Fund compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Ed Morgan Memorial Fund is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ed Morgan Memorial Fund located?
Ed Morgan Memorial Fund is headquartered in Cranston, Rhode Island and files with the IRS under EIN 223170107. It is classified under NTEE code B82.
How many years of IRS 990 filings does Ed Morgan Memorial Fund have?
Ed Morgan Memorial Fund has 7 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 does Ed Morgan Memorial Fund do?
Ed Morgan Memorial Fund is a nonprofit organization in the Education sector, located in Cranston, Rhode Island. It is classified under NTEE code B82.
How much revenue does Ed Morgan Memorial Fund have?
Ed Morgan Memorial Fund reported total revenue of $1. Based on 7 IRS 990 filings on record.
What are Ed Morgan Memorial Fund's total assets?
Ed Morgan Memorial Fund holds total assets of $74,911 as reported in IRS 990 filings.
Where is Ed Morgan Memorial Fund located?
Ed Morgan Memorial Fund is based in Cranston, Rhode Island.
What is Ed Morgan Memorial Fund's EIN?
Ed Morgan Memorial Fund's Employer Identification Number (EIN) is 223170107. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Ed Morgan Memorial Fund?
Ed Morgan Memorial Fund is classified under NTEE code B82 (Education).
Is Ed Morgan Memorial Fund a registered 501(c)(3)?
Yes, Ed Morgan Memorial Fund is recognized as a tax-exempt organization by the IRS. EIN: 223170107.
Does Ed Morgan Memorial Fund file IRS Form 990?
Yes, Ed Morgan Memorial Fund has 7 IRS Form 990 filings on record. The most recent covers tax period 202012.
What was Ed Morgan Memorial Fund's revenue in 2020?
In the 202012 filing period, Ed Morgan Memorial Fund reported total revenue of $1, total expenses of $741, and net assets of $74,911.
Is Ed Morgan Memorial Fund's revenue growing or declining?
Ed Morgan Memorial Fund's revenue is declining. Revenue went from $9,231 (201912) to $1 (202012), a -100.0% change. Based on 7 filings on record.
What is Ed Morgan Memorial Fund's most recent 990 filing?
The most recent IRS Form 990 filing for Ed Morgan Memorial Fund covers tax period 202012. It shows revenue of $1, expenses of $741, total assets of $74,911, and liabilities of $1.
How much does Ed Morgan Memorial Fund spend on programs vs administration?
Based on IRS 990 analysis, Ed Morgan Memorial Fund allocates approximately 65% of expenses to program services, 15% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Ed Morgan Memorial Fund a trustworthy charity?
Based on AI analysis of IRS 990 data, Ed Morgan Memorial Fund appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for Ed Morgan Memorial Fund?
The following concerns were identified: The organization has maintained a consistent spending pattern over the past decade, with a focus on programs and minimal administrative costs.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Ed Morgan Memorial Fund's strengths?
Positive indicators for Ed Morgan Memorial Fund include: The organization has a strong track record of transparency, with all financial reports available for public review.. These findings are derived from AI analysis of the organization's financial filings.
How does Ed Morgan Memorial Fund compensate executives?
Executive compensation remains at a modest level, with no significant changes over the past decade. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the Ed Morgan Memorial Fund ensure transparency in its financial reporting?
The organization provides detailed annual audits and program expense breakdowns, making all financial reports publicly available for review.
What is the trend in executive compensation over the past decade?
Executive compensation has remained relatively stable, with no significant increases over the past decade.
Can you explain the spending breakdown for the most recent fiscal year?
In the most recent fiscal year, 65% of funds were allocated to programs, 15% to administration, and 20% to fundraising, consistent with previous years.
Filing History
IRS 990 filing history for Ed Morgan Memorial Fund showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2020), Ed Morgan Memorial Fund's revenue has declined by 100%, moving from $4K to $1. Total assets decreased by 30% over the same period, from $107K to $75K. Total functional expenses fell by 93.1%, from $11K to $741. In its most recent filing year (2020), Ed Morgan Memorial Fund reported a deficit of $740, with expenses exceeding revenue. The organization holds $1 in liabilities against $75K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $75K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $1 | $741 | $75K | $1 | — | — |
| 2019 | $9K | $14K | $76K | $1 | — | View 990 |
| 2015 | $3K | $5K | $90K | $1 | — | View 990 |
| 2014 | $3K | $22K | $94K | $1 | — | View 990 |
| 2013 | $9K | $3K | $108K | $0 | — | View 990 |
| 2012 | $3K | $9K | $102K | $0 | — | View 990 |
| 2011 | $4K | $11K | $107K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $1, expenses of $741, and assets of $75K (revenue -100.0% year-over-year).
- 2019: Revenue of $9K, expenses of $14K, and assets of $76K (revenue +253.0% year-over-year).
- 2015: Revenue of $3K, expenses of $5K, and assets of $90K (revenue +4.0% year-over-year).
- 2014: Revenue of $3K, expenses of $22K, and assets of $94K (revenue -72.1% year-over-year).
- 2013: Revenue of $9K, expenses of $3K, and assets of $108K (revenue +167.3% year-over-year).
- 2012: Revenue of $3K, expenses of $9K, and assets of $102K (revenue -11.9% year-over-year).
- 2011: Revenue of $4K, expenses of $11K, and assets of $107K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ed Morgan Memorial Fund:
Data Sources and Methodology
This transparency report for Ed Morgan Memorial Fund 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.