Frank And Linda Morse Family Foundation
Frank And Linda Morse Family Foundation maintains strong asset growth with volunteer leadership and minimal liabilities.
EIN: 201962411 · Albany, OR · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $76K |
| Program Spending | 90% |
| Net Assets | $1.2M |
| Transparency Score | 90/100 |
Is Frank And Linda Morse Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Frank And Linda Morse Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Frank And Linda Morse Family Foundation
Frank And Linda Morse Family Foundation (EIN: 201962411) is a nonprofit organization based in Albany, OR, classified under NTEE code T22. The organization reported total revenue of $1.4M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Frank And Linda Morse Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Frank And Linda Morse Family Foundation is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $35K |
| Total Expenses | $76K |
| Surplus / Deficit | $-40,710 |
| Total Assets | $1.2M |
| Total Liabilities | $1 |
| Net Assets | $1.2M |
| Operating Margin | -116.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 196.1 months |
Financial Health Grade: B
In 2023, Frank And Linda Morse Family Foundation reported a deficit of $41K with expenses exceeding revenue, holds 196.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Frank And Linda Morse Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -89.4% | -10.5% | -3.2% |
| 2022 | +59.1% | -5.8% | +23.7% |
| 2021 | +894.3% | +14.6% | -12.3% |
| 2020 | -27.8% | +9.4% | -4.7% |
| 2019 | -27.4% | +777.8% | +82.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Frank And Linda Morse Family Foundation with a Mission Score of 90 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Frank And Linda Morse Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $41K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the foundation is run by volunteers. This is highly efficient for an organization of its size, ensuring all available funds are directed towards its mission.
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.
Strengths
The following positive indicators were identified for Frank And Linda Morse Family Foundation:
- Consistent asset growth, from $595,144 in 2011 to $1,236,450 in 2023.
- Zero officer compensation, indicating volunteer leadership and efficient use of funds.
- Extremely low liabilities ($1 across all periods), demonstrating strong financial health and management.
- Consistent IRS 990 filing history (10 filings), indicating good transparency and compliance.
- Strong program focus, as evidenced by the nature of a private grantmaking foundation and efficient operations.
Frequently Asked Questions about Frank And Linda Morse Family Foundation
Is Frank And Linda Morse Family Foundation a legitimate charity?
Frank And Linda Morse Family Foundation (EIN: 201962411) is a registered tax-exempt nonprofit based in Oregon. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.4M. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Frank And Linda Morse Family Foundation spend its money?
Frank And Linda Morse Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Frank And Linda Morse Family Foundation tax-deductible?
Frank And Linda Morse Family Foundation is registered as a tax-exempt nonprofit (EIN: 201962411). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Frank And Linda Morse Family Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Frank And Linda Morse Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Frank And Linda Morse Family Foundation located?
Frank And Linda Morse Family Foundation is headquartered in Albany, Oregon and files with the IRS under EIN 201962411. It is classified under NTEE code T22.
How many years of IRS 990 filings does Frank And Linda Morse Family Foundation have?
Frank And Linda Morse Family Foundation has 10 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 $1.4M in total revenue.
How does the foundation manage to operate with zero officer compensation?
The foundation is likely managed by unpaid family members or volunteers, which is common for family foundations. This allows a greater proportion of its resources to be directed towards its charitable mission.
What is the primary purpose of the Frank And Linda Morse Family Foundation?
Based on the NTEE code T22 (Private Grantmaking Foundations) and the financial data, the foundation's primary purpose is to make grants to other charitable organizations or individuals, rather than direct service provision.
Why did expenses exceed revenue in 2023?
In 2023, expenses ($75,646) exceeded revenue ($34,936). This could be due to a strategic decision to disburse more funds in a given year, drawing from accumulated assets or prior year surpluses, which is a common practice for foundations.
Filing History
IRS 990 filing history for Frank And Linda Morse Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Frank And Linda Morse Family Foundation's revenue has declined by 66.4%, moving from $104K to $35K. Total assets increased by 107.8% over the same period, from $595K to $1.2M. Total functional expenses rose by 909%, from $7K to $76K. In its most recent filing year (2023), Frank And Linda Morse Family Foundation reported a deficit of $41K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $35K | $76K | $1.2M | $1 | — | — |
| 2022 | $329K | $84K | $1.3M | $1 | — | View 990 |
| 2021 | $207K | $90K | $1.0M | $1 | — | — |
| 2020 | $21K | $78K | $1.2M | $1 | — | — |
| 2019 | $29K | $72K | $1.2M | $1 | — | View 990 |
| 2015 | $40K | $8K | $676K | $1 | — | View 990 |
| 2014 | $26K | $6K | $645K | $1 | — | View 990 |
| 2013 | $24K | $6K | $625K | $1 | — | View 990 |
| 2012 | $21K | $9K | $607K | $1 | — | View 990 |
| 2011 | $104K | $7K | $595K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $35K, expenses of $76K, and assets of $1.2M (revenue -89.4% year-over-year).
- 2022: Revenue of $329K, expenses of $84K, and assets of $1.3M (revenue +59.1% year-over-year).
- 2021: Revenue of $207K, expenses of $90K, and assets of $1.0M (revenue +894.3% year-over-year).
- 2020: Revenue of $21K, expenses of $78K, and assets of $1.2M (revenue -27.8% year-over-year).
- 2019: Revenue of $29K, expenses of $72K, and assets of $1.2M (revenue -27.4% year-over-year).
- 2015: Revenue of $40K, expenses of $8K, and assets of $676K (revenue +54.7% year-over-year).
- 2014: Revenue of $26K, expenses of $6K, and assets of $645K (revenue +8.8% year-over-year).
- 2013: Revenue of $24K, expenses of $6K, and assets of $625K (revenue +12.7% year-over-year).
- 2012: Revenue of $21K, expenses of $9K, and assets of $607K (revenue -79.9% year-over-year).
- 2011: Revenue of $104K, expenses of $7K, and assets of $595K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Frank And Linda Morse Family Foundation:
Data Sources and Methodology
This transparency report for Frank And Linda Morse Family Foundation 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.