Morey Family Foundation Inc
Morey Family Foundation consistently distributes funds, often exceeding annual revenue, while maintaining a growing asset base and reporting no officer compensation.
EIN: 200559815 · Naples, FL · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $128K |
| Program Spending | 90% |
| Net Assets | $3.7M |
| Transparency Score | 85/100 |
Is Morey Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Morey Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Morey Family Foundation Inc
Morey Family Foundation Inc (EIN: 200559815) is a nonprofit organization based in Naples, FL, classified under NTEE code T22. The organization reported total revenue of $3.0M and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morey Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morey Family Foundation Inc is a mid-size nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $130K |
| Total Expenses | $128K |
| Surplus / Deficit | +$2K |
| Total Assets | $3.7M |
| Total Liabilities | $1 |
| Net Assets | $3.7M |
| Operating Margin | 1.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 348.0 months |
Financial Health Grade: A
In 2023, Morey Family Foundation Inc reported a surplus of $2K with revenue exceeding expenses, holds 348.0 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), Morey Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.1% | -13.9% | +14.8% |
| 2022 | -61.8% | -2.0% | +14.2% |
| 2021 | +436.4% | -7.1% | +35.5% |
| 2020 | -55.3% | +20.8% | -5.3% |
| 2019 | +57.2% | -2.9% | -15.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Morey Family Foundation Inc 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Morey Family Foundation Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is a strong positive for transparency and resource allocation.
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 Morey Family Foundation Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown (program vs. admin vs. fundraising) in summary data, making efficiency analysis difficult.
Strengths
The following positive indicators were identified for Morey Family Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating high transparency in executive pay.
- Growing asset base from $2.7M in 2011 to $3.7M in 2023, demonstrating strong financial stewardship.
- Minimal liabilities ($0 or $1) across all periods, indicating excellent financial health and low debt.
- Consistent filing of IRS Form 990s over a decade, showing commitment to public disclosure.
- Active distribution of funds, often exceeding annual revenue, suggesting a commitment to its charitable purpose.
Frequently Asked Questions about Morey Family Foundation Inc
Is Morey Family Foundation Inc a legitimate charity?
Morey Family Foundation Inc (EIN: 200559815) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $3.0M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Morey Family Foundation Inc spend its money?
Morey Family Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Morey Family Foundation Inc tax-deductible?
Morey Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200559815). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Morey Family Foundation Inc's spending goes to programs?
Morey Family Foundation Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Morey Family Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Morey Family Foundation Inc 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 Morey Family Foundation Inc located?
Morey Family Foundation Inc is headquartered in Naples, Florida and files with the IRS under EIN 200559815. It is classified under NTEE code T22.
How many years of IRS 990 filings does Morey Family Foundation Inc have?
Morey Family Foundation Inc 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 $3.0M in total revenue.
What specific programs or grants does the Morey Family Foundation support?
The provided data does not detail specific programs or grant recipients. As a private grantmaking foundation (NTEE T22), its primary activity is likely distributing grants to other organizations or individuals.
How does the foundation manage to spend more than its revenue in certain years?
The foundation likely draws from its accumulated assets and investment returns to cover expenses that exceed annual revenue, which is a common practice for endowed private foundations.
What is the source of the foundation's revenue?
While not explicitly detailed, revenue for private foundations typically comes from investment income (e.g., interest, dividends, capital gains) from their endowment, and potentially contributions from the founding family or other donors.
Filing History
IRS 990 filing history for Morey Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Morey Family Foundation Inc's revenue has grown by 371.6%, moving from $28K to $130K. Total assets increased by 36.9% over the same period, from $2.7M to $3.7M. Total functional expenses fell by 22.9%, from $166K to $128K. In its most recent filing year (2023), Morey Family Foundation Inc reported a surplus of $2K, with revenue exceeding expenses. The organization holds $1 in liabilities against $3.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $130K | $128K | $3.7M | $1 | — | — |
| 2022 | $116K | $149K | $3.2M | $1 | — | View 990 |
| 2021 | $304K | $152K | $2.8M | $1 | — | View 990 |
| 2020 | $57K | $164K | $2.1M | $1 | — | View 990 |
| 2019 | $127K | $136K | $2.2M | $1 | — | View 990 |
| 2015 | $81K | $140K | $2.6M | $1 | — | View 990 |
| 2014 | $354K | $220K | $2.7M | $1 | — | View 990 |
| 2013 | $76K | $167K | $2.6M | $0 | — | View 990 |
| 2012 | $99K | $157K | $2.7M | $0 | — | View 990 |
| 2011 | $28K | $166K | $2.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $130K, expenses of $128K, and assets of $3.7M (revenue +12.1% year-over-year).
- 2022: Revenue of $116K, expenses of $149K, and assets of $3.2M (revenue -61.8% year-over-year).
- 2021: Revenue of $304K, expenses of $152K, and assets of $2.8M (revenue +436.4% year-over-year).
- 2020: Revenue of $57K, expenses of $164K, and assets of $2.1M (revenue -55.3% year-over-year).
- 2019: Revenue of $127K, expenses of $136K, and assets of $2.2M (revenue +57.2% year-over-year).
- 2015: Revenue of $81K, expenses of $140K, and assets of $2.6M (revenue -77.2% year-over-year).
- 2014: Revenue of $354K, expenses of $220K, and assets of $2.7M (revenue +364.7% year-over-year).
- 2013: Revenue of $76K, expenses of $167K, and assets of $2.6M (revenue -22.9% year-over-year).
- 2012: Revenue of $99K, expenses of $157K, and assets of $2.7M (revenue +257.5% year-over-year).
- 2011: Revenue of $28K, expenses of $166K, and assets of $2.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morey Family Foundation Inc:
Data Sources and Methodology
This transparency report for Morey Family 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.