Morrell Foundation
Morrell Foundation's assets decline significantly amid consistent revenue shortfalls.
EIN: 203275797 · Holladay, UT · NTEE: M20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $170K |
| Total Expenses | $176K |
| Program Spending | 70% |
| Net Assets | $117K |
| Transparency Score | 45/100 |
Is Morrell Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Morrell Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Morrell Foundation
Morrell Foundation (EIN: 203275797) is a nonprofit organization based in Holladay, UT, classified under NTEE code M20. The organization reported total revenue of $170K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morrell Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morrell Foundation is a small 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 -29.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1K |
| Total Expenses | $176K |
| Surplus / Deficit | $-174,777 |
| Total Assets | $224K |
| Total Liabilities | $107K |
| Net Assets | $117K |
| Operating Margin | -15976.0% |
| Debt-to-Asset Ratio | 47.9% |
| Months of Reserves | 15.3 months |
Financial Health Grade: B
In 2023, Morrell Foundation reported a deficit of $175K with expenses exceeding revenue, holds 15.3 months of operating reserves (strong position), has a debt-to-asset ratio of 47.9% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2023), Morrell Foundation's revenue has declined at a compound annual growth rate (CAGR) of -29.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -95.1% | -34.0% | -57.0% |
| 2022 | -50.1% | -1.5% | -4.2% |
| 2021 | +33.2% | -54.3% | -28.6% |
| 2020 | -24.3% | +116.2% | -42.3% |
| 2019 | +84.7% | +3236.3% | -42.9% |
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 Morrell Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Morrell Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $175K, with expenses exceeding revenue.
- Debt-to-asset ratio: 47.9%.
Executive Compensation Analysis
The Morrell 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 for minimizing administrative costs.
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 Morrell Foundation's IRS 990 filings:
- Consistent and significant revenue shortfalls compared to expenses (e.g., 2023 revenue $1,094 vs. expenses $175,871).
- Dramatic decline in total assets over the past decade (from $2.97M in 2011 to $224K in 2023).
- High expense levels relative to the organization's current revenue generation capacity.
Strengths
The following positive indicators were identified for Morrell Foundation:
- Consistent reporting of 0% officer compensation, indicating no executive salary burden.
- Long filing history (10 filings), suggesting a degree of operational continuity.
Frequently Asked Questions about Morrell Foundation
Is Morrell Foundation a legitimate charity?
Morrell Foundation (EIN: 203275797) is a registered tax-exempt nonprofit based in Utah. Our AI analysis gives it a Mission Score of 45/100. It has 10 years of IRS 990 filings on record. Total revenue: $170K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Morrell Foundation spend its money?
Morrell Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Morrell Foundation tax-deductible?
Morrell Foundation is registered as a tax-exempt nonprofit (EIN: 203275797). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Morrell Foundation's spending goes to programs?
Morrell Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Morrell Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Morrell Foundation is near average for NTEE category M20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Morrell Foundation located?
Morrell Foundation is headquartered in Holladay, Utah and files with the IRS under EIN 203275797. It is classified under NTEE code M20.
How many years of IRS 990 filings does Morrell Foundation have?
Morrell 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 $170K in total revenue.
Is Morrell Foundation financially sustainable?
Based on the consistent and significant deficits (e.g., $1,094 revenue vs. $175,871 expenses in 2023), the current operational model appears unsustainable without substantial new funding or a drastic reduction in expenses. The rapid depletion of assets further supports this concern.
What are the primary drivers of the high expenses relative to revenue?
The provided data does not offer a detailed breakdown of expenses beyond the total. Further investigation into the 990 forms would be needed to understand if these expenses are primarily program-related, administrative, or other operational costs.
Why have the foundation's assets decreased so dramatically?
The substantial decrease in assets from nearly $3 million in 2011 to $224,110 in 2023 is likely due to the foundation spending down its endowment or principal to cover operational expenses, given the consistent revenue shortfalls.
Filing History
IRS 990 filing history for Morrell Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Morrell Foundation's revenue has declined by 98.5%, moving from $73K to $1K. Total assets decreased by 92.5% over the same period, from $3.0M to $224K. Total functional expenses rose by 142%, from $73K to $176K. In its most recent filing year (2023), Morrell Foundation reported a deficit of $175K, with expenses exceeding revenue. The organization holds $107K in liabilities against $224K in assets (debt-to-asset ratio: 47.9%), resulting in net assets of $117K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1K | $176K | $224K | $107K | — | — |
| 2022 | $22K | $266K | $521K | $230K | — | View 990 |
| 2021 | $45K | $270K | $544K | $8K | — | View 990 |
| 2020 | $33K | $592K | $762K | $480 | — | — |
| 2019 | $44K | $274K | $1.3M | $41 | — | View 990 |
| 2015 | $24K | $8K | $2.3M | $1 | — | View 990 |
| 2014 | $26K | $4K | $2.3M | $1 | — | View 990 |
| 2013 | $64K | $1.0M | $2.3M | $3K | — | View 990 |
| 2012 | $73K | $89K | $3.0M | $24 | — | View 990 |
| 2011 | $73K | $73K | $3.0M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1K, expenses of $176K, and assets of $224K (revenue -95.1% year-over-year).
- 2022: Revenue of $22K, expenses of $266K, and assets of $521K (revenue -50.1% year-over-year).
- 2021: Revenue of $45K, expenses of $270K, and assets of $544K (revenue +33.2% year-over-year).
- 2020: Revenue of $33K, expenses of $592K, and assets of $762K (revenue -24.3% year-over-year).
- 2019: Revenue of $44K, expenses of $274K, and assets of $1.3M (revenue +84.7% year-over-year).
- 2015: Revenue of $24K, expenses of $8K, and assets of $2.3M (revenue -9.0% year-over-year).
- 2014: Revenue of $26K, expenses of $4K, and assets of $2.3M (revenue -58.8% year-over-year).
- 2013: Revenue of $64K, expenses of $1.0M, and assets of $2.3M (revenue -12.8% year-over-year).
- 2012: Revenue of $73K, expenses of $89K, and assets of $3.0M (revenue -0.1% year-over-year).
- 2011: Revenue of $73K, expenses of $73K, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morrell Foundation:
Data Sources and Methodology
This transparency report for Morrell 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.