Morna R Schwartz Foundation Inc
Morna R Schwartz Foundation maintains stable assets and zero officer compensation over a decade.
EIN: 136192221 · Seattle, WA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $240K |
| Total Expenses | $55K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $919K |
| Transparency Score | 85/100 |
Is Morna R Schwartz Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Morna R Schwartz Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Morna R Schwartz Foundation Inc
Morna R Schwartz Foundation Inc (EIN: 136192221) is a nonprofit organization based in Seattle, WA. The organization reported total revenue of $240K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morna R Schwartz Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morna R Schwartz Foundation Inc is a small nonprofit that has been operating for 60 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $52K |
| Total Expenses | $55K |
| Surplus / Deficit | $-2,698 |
| Total Assets | $919K |
| Total Liabilities | $1 |
| Net Assets | $919K |
| Operating Margin | -5.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 201.4 months |
Financial Health Grade: B
In 2023, Morna R Schwartz Foundation Inc reported a deficit of $3K with expenses exceeding revenue, holds 201.4 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), Morna R Schwartz Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of -0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.0% | -10.7% | -0.3% |
| 2022 | -42.4% | +12.7% | +0.2% |
| 2021 | +230.8% | +9.8% | +6.5% |
| 2020 | -32.2% | -11.7% | -1.8% |
| 2019 | -21.9% | +3.5% | -0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1966 |
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 Morna R Schwartz 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Morna R Schwartz Foundation Inc 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 $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization is run by volunteers, which is highly efficient for an organization of its size with assets over $1 million.
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 Morna R Schwartz Foundation Inc:
- Consistent asset base, currently over $1 million, indicating long-term financial stability.
- Zero officer compensation reported across all filings, demonstrating highly efficient and volunteer-led operations.
- Extremely low liabilities ($0 or $1) in all reported periods, reflecting strong financial management and no debt burden.
- Stable expense levels relative to revenue, suggesting controlled spending.
- Long filing history (10 filings) indicates consistent compliance and operational longevity.
Frequently Asked Questions about Morna R Schwartz Foundation Inc
Is Morna R Schwartz Foundation Inc a legitimate charity?
Morna R Schwartz Foundation Inc (EIN: 136192221) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $240K. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Morna R Schwartz Foundation Inc spend its money?
Morna R Schwartz Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Morna R Schwartz Foundation Inc tax-deductible?
Morna R Schwartz Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136192221). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Morna R Schwartz Foundation Inc CEO make?
Morna R Schwartz Foundation Inc's highest-compensated officer earns $1 annually. The organization reported $240K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Morna R Schwartz Foundation Inc located?
Morna R Schwartz Foundation Inc is headquartered in Seattle, Washington and files with the IRS under EIN 136192221.
How many years of IRS 990 filings does Morna R Schwartz Foundation Inc have?
Morna R Schwartz 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 $240K in total revenue.
Is the Morna R Schwartz Foundation Inc. financially stable?
Yes, the foundation is financially stable, consistently maintaining assets around $900,000 to $1,000,212 and reporting minimal to no liabilities ($0 or $1) across all available filings.
Does the foundation pay its officers?
No, the foundation consistently reports 0% officer compensation in all available IRS 990 filings, indicating a volunteer-led structure.
How has the foundation's revenue trended?
Revenue has fluctuated, ranging from a low of $33,329 in 2020 to a high of $110,262 in 2021, with the latest reported revenue at $239,988, suggesting variability in its funding sources.
What is the foundation's approach to debt?
The foundation maintains an extremely low debt profile, reporting liabilities of $0 or $1 in all available filings, indicating a very conservative and responsible financial approach.
Filing History
IRS 990 filing history for Morna R Schwartz Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Morna R Schwartz Foundation Inc's revenue has declined by 0.1%, moving from $52K to $52K. Total assets increased by 9.9% over the same period, from $837K to $919K. Total functional expenses fell by 6.3%, from $58K to $55K. In its most recent filing year (2023), Morna R Schwartz Foundation Inc reported a deficit of $3K, with expenses exceeding revenue. The organization holds $1 in liabilities against $919K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $919K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $52K | $55K | $919K | $1 | — | — |
| 2022 | $64K | $61K | $922K | $1 | — | View 990 |
| 2021 | $110K | $54K | $920K | $1 | — | View 990 |
| 2020 | $33K | $50K | $864K | $1 | — | — |
| 2019 | $49K | $56K | $880K | $1 | — | View 990 |
| 2015 | $63K | $54K | $882K | $1 | — | View 990 |
| 2014 | $80K | $53K | $874K | $1 | — | View 990 |
| 2013 | $58K | $46K | $847K | $0 | — | View 990 |
| 2012 | $36K | $37K | $836K | $0 | — | View 990 |
| 2011 | $52K | $58K | $837K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $52K, expenses of $55K, and assets of $919K (revenue -18.0% year-over-year).
- 2022: Revenue of $64K, expenses of $61K, and assets of $922K (revenue -42.4% year-over-year).
- 2021: Revenue of $110K, expenses of $54K, and assets of $920K (revenue +230.8% year-over-year).
- 2020: Revenue of $33K, expenses of $50K, and assets of $864K (revenue -32.2% year-over-year).
- 2019: Revenue of $49K, expenses of $56K, and assets of $880K (revenue -21.9% year-over-year).
- 2015: Revenue of $63K, expenses of $54K, and assets of $882K (revenue -21.6% year-over-year).
- 2014: Revenue of $80K, expenses of $53K, and assets of $874K (revenue +39.4% year-over-year).
- 2013: Revenue of $58K, expenses of $46K, and assets of $847K (revenue +59.8% year-over-year).
- 2012: Revenue of $36K, expenses of $37K, and assets of $836K (revenue -30.9% year-over-year).
- 2011: Revenue of $52K, expenses of $58K, and assets of $837K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morna R Schwartz Foundation Inc:
Data Sources and Methodology
This transparency report for Morna R Schwartz 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.