Morning Sun Development Corp C/O Leroy K Pierce President
EIN: 421279953 · Morning Sun, IA · NTEE: S19
| Metric | Value |
|---|---|
| Total Revenue | $29K |
| Total Expenses | $44K |
| Net Assets | $794K |
Is Morning Sun Development Corp C/O Leroy K Pierce President Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Morning Sun Development Corp C/O Leroy K Pierce President
Morning Sun Development Corp C/O Leroy K Pierce President (EIN: 421279953) is a nonprofit organization based in Morning Sun, IA, classified under NTEE code S19. The organization reported total revenue of $29K and total assets of $767K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morning Sun Development Corp C/O Leroy K Pierce President's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morning Sun Development Corp C/O Leroy K Pierce President is a micro nonprofit that has been operating for 6 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $25K |
| Total Expenses | $44K |
| Surplus / Deficit | $-19,448 |
| Total Assets | $794K |
| Net Assets | $794K |
| Operating Margin | -78.6% |
| Months of Reserves | 215.6 months |
Financial Health Grade: B
In 2023, Morning Sun Development Corp C/O Leroy K Pierce President reported a deficit of $19K with expenses exceeding revenue, holds 215.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Morning Sun Development Corp C/O Leroy K Pierce President's revenue has declined at a compound annual growth rate (CAGR) of -0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.3% | +0.2% | -2.4% |
| 2022 | -80.2% | -45.7% | -2.9% |
| 2021 | +436.7% | +62.1% | +1.8% |
| 2020 | -5.0% | +4.4% | -3.3% |
| 2019 | -13.6% | +14.6% | -3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Morning Sun Development Corp C/O Leroy K Pierce President has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Morning Sun Development Corp C/O Leroy K Pierce President with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $19K, with expenses exceeding revenue.
Frequently Asked Questions about Morning Sun Development Corp C/O Leroy K Pierce President
Is Morning Sun Development Corp C/O Leroy K Pierce President a legitimate charity?
Based on AI analysis of IRS 990 filings, Morning Sun Development Corp C/O Leroy K Pierce President (EIN: 421279953) insufficient data. 0 red flags identified, 0 strengths noted.
How does Morning Sun Development Corp C/O Leroy K Pierce President spend its money?
Detailed spending breakdown data is not yet available for Morning Sun Development Corp C/O Leroy K Pierce President. Check back for updated IRS 990 analysis.
Are donations to Morning Sun Development Corp C/O Leroy K Pierce President tax-deductible?
Morning Sun Development Corp C/O Leroy K Pierce President is registered as a tax-exempt nonprofit (EIN: 421279953). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Morning Sun Development Corp C/O Leroy K Pierce President located?
Morning Sun Development Corp C/O Leroy K Pierce President is headquartered in Morning Sun, Iowa and files with the IRS under EIN 421279953. It is classified under NTEE code S19.
How many years of IRS 990 filings does Morning Sun Development Corp C/O Leroy K Pierce President have?
Morning Sun Development Corp C/O Leroy K Pierce President has 13 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 $29K in total revenue.
Filing History
IRS 990 filing history for Morning Sun Development Corp C/O Leroy K Pierce President showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Morning Sun Development Corp C/O Leroy K Pierce President's revenue has declined by 4%, moving from $26K to $25K. Total assets decreased by 25.7% over the same period, from $1.1M to $794K. Total functional expenses fell by 10%, from $49K to $44K. In its most recent filing year (2023), Morning Sun Development Corp C/O Leroy K Pierce President reported a deficit of $19K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $25K | $44K | $794K | $0 | — | — |
| 2022 | $20K | $44K | $813K | $0 | — | — |
| 2021 | $100K | $81K | $837K | $0 | — | View 990 |
| 2020 | $19K | $50K | $823K | $3K | — | View 990 |
| 2019 | $20K | $48K | $851K | $0 | — | View 990 |
| 2018 | $23K | $42K | $879K | $0 | — | View 990 |
| 2017 | $20K | $43K | $898K | $0 | — | View 990 |
| 2016 | $18K | $49K | $922K | $0 | — | View 990 |
| 2015 | $23K | $49K | $954K | $0 | — | View 990 |
| 2014 | $17K | $49K | $979K | $0 | — | View 990 |
| 2013 | $17K | $46K | $997K | $2K | — | — |
| 2012 | $23K | $55K | $1.0M | $1K | — | View 990 |
| 2011 | $26K | $49K | $1.1M | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $25K, expenses of $44K, and assets of $794K (revenue +25.3% year-over-year).
- 2022: Revenue of $20K, expenses of $44K, and assets of $813K (revenue -80.2% year-over-year).
- 2021: Revenue of $100K, expenses of $81K, and assets of $837K (revenue +436.7% year-over-year).
- 2020: Revenue of $19K, expenses of $50K, and assets of $823K (revenue -5.0% year-over-year).
- 2019: Revenue of $20K, expenses of $48K, and assets of $851K (revenue -13.6% year-over-year).
- 2018: Revenue of $23K, expenses of $42K, and assets of $879K (revenue +14.7% year-over-year).
- 2017: Revenue of $20K, expenses of $43K, and assets of $898K (revenue +11.8% year-over-year).
- 2016: Revenue of $18K, expenses of $49K, and assets of $922K (revenue -24.2% year-over-year).
- 2015: Revenue of $23K, expenses of $49K, and assets of $954K (revenue +36.7% year-over-year).
- 2014: Revenue of $17K, expenses of $49K, and assets of $979K (revenue -1.7% year-over-year).
- 2013: Revenue of $17K, expenses of $46K, and assets of $997K (revenue -24.5% year-over-year).
- 2012: Revenue of $23K, expenses of $55K, and assets of $1.0M (revenue -11.3% year-over-year).
- 2011: Revenue of $26K, expenses of $49K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morning Sun Development Corp C/O Leroy K Pierce President:
Data Sources and Methodology
This transparency report for Morning Sun Development Corp C/O Leroy K Pierce President 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.