Morgan Family Foundation
Morgan Family Foundation experiences consistent operating deficits and declining assets.
EIN: 134270257 · Greeley, CO · NTEE: T20 · Updated: 2026-03-28
Is Morgan Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Morgan Family Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Morgan Family Foundation
Morgan Family Foundation (EIN: 134270257) is a nonprofit organization based in Greeley, CO, classified under NTEE code T20. The organization reported total revenue of $561K and total assets of $509K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morgan Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morgan Family Foundation is a small nonprofit that has been operating for 22 years, with 11 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -4.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $15K |
| Total Expenses | $88K |
| Surplus / Deficit | $-72,167 |
| Total Assets | $487K |
| Total Liabilities | $1 |
| Net Assets | $487K |
| Operating Margin | -470.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 66.8 months |
Financial Health Grade: B
In 2024, Morgan Family Foundation reported a deficit of $72K with expenses exceeding revenue, holds 66.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2024), Morgan Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -84.2% | -19.6% | -12.9% |
| 2022 | -115.3% | +47.2% | -18.1% |
| 2021 | -21.1% | -14.3% | +16.2% |
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 Morgan Family Foundation with a Mission Score of 65 out of 100 (Good). 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: 80%
- fundraising: 5%
According to IRS 990 filings, Morgan Family Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $72K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Morgan Family Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is a positive sign for 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 Morgan Family Foundation's IRS 990 filings:
- Consistent operating deficits (e.g., 202406: Revenue=$15,342, Expenses=$87,509)
- Declining asset base over the past decade (from $779,511 in 2012 to $487,106 in 2024)
- Volatile revenue, including negative revenue in multiple periods (e.g., 202206, 201606)
Strengths
The following positive indicators were identified for Morgan Family Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds for leadership costs.
- Consistent IRS 990 filing history, demonstrating transparency and compliance.
Frequently Asked Questions about Morgan Family Foundation
Is Morgan Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Morgan Family Foundation (EIN: 134270257) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Morgan Family Foundation spend its money?
Morgan Family Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Morgan Family Foundation tax-deductible?
Morgan Family Foundation is registered as a tax-exempt nonprofit (EIN: 134270257). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the Morgan Family Foundation's primary grant-making focus?
As a private foundation with NTEE code T20 (Foundations, Philanthropy, and Grantmaking), its primary focus is grantmaking. Specific programmatic areas are not detailed in the provided financial summary but would be found in the full 990 filing.
Why has the foundation's asset base declined significantly?
The asset base has declined from $779,511 in 2012 to $487,106 in 2024, likely due to expenses consistently exceeding revenue in many periods, indicating that the foundation is spending down its principal or experiencing investment losses.
Is the negative revenue reported in some years a concern?
Negative revenue, as seen in 2022 ($-25,463) and 2016 ($-10,694), typically indicates investment losses or significant returns of prior year grants, which can be a concern for financial stability if it's a recurring trend without offsetting gains.
Filing History
IRS 990 filing history for Morgan Family Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2024), Morgan Family Foundation's revenue has declined by 46.2%, moving from $29K to $15K. Total assets decreased by 39.9% over the same period, from $810K to $487K. Total functional expenses rose by 14.5%, from $76K to $88K. In its most recent filing year (2024), Morgan Family Foundation reported a deficit of $72K, with expenses exceeding revenue. The organization holds $1 in liabilities against $487K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $487K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $15K | $88K | $487K | $1 | — | View 990 |
| 2023 | $97K | $109K | $559K | $1 | — | View 990 |
| 2022 | $-25,463 | $101K | $571K | $1 | — | View 990 |
| 2021 | $166K | $69K | $697K | $1 | — | View 990 |
| 2020 | $211K | $80K | $600K | $1 | — | — |
| 2016 | $-10,694 | $75K | $652K | $1 | — | View 990 |
| 2015 | $173K | $181K | $738K | $0 | — | View 990 |
| 2014 | $74K | $61K | $727K | $0 | — | View 990 |
| 2013 | $36K | $102K | $714K | $0 | — | View 990 |
| 2012 | $32K | $63K | $780K | $0 | — | View 990 |
| 2011 | $29K | $76K | $810K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $15K, expenses of $88K, and assets of $487K (revenue -84.2% year-over-year).
- 2023: Revenue of $97K, expenses of $109K, and assets of $559K.
- 2022: Revenue of $-25,463, expenses of $101K, and assets of $571K (revenue -115.3% year-over-year).
- 2021: Revenue of $166K, expenses of $69K, and assets of $697K (revenue -21.1% year-over-year).
- 2020: Revenue of $211K, expenses of $80K, and assets of $600K.
- 2016: Revenue of $-10,694, expenses of $75K, and assets of $652K (revenue -106.2% year-over-year).
- 2015: Revenue of $173K, expenses of $181K, and assets of $738K (revenue +133.7% year-over-year).
- 2014: Revenue of $74K, expenses of $61K, and assets of $727K (revenue +103.8% year-over-year).
- 2013: Revenue of $36K, expenses of $102K, and assets of $714K (revenue +12.0% year-over-year).
- 2012: Revenue of $32K, expenses of $63K, and assets of $780K (revenue +13.8% year-over-year).
- 2011: Revenue of $29K, expenses of $76K, and assets of $810K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morgan Family Foundation:
Data Sources and Methodology
This transparency report for Morgan 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.