Morris Farm Trust
Morris Farm Trust consistently operates with deficits, relying on reserves while maintaining zero officer compensation.
EIN: 10494687 · Wiscasset, ME · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $148K |
| Total Expenses | $159K |
| Program Spending | 80% |
| Net Assets | $276K |
| Transparency Score | 75/100 |
Is Morris Farm Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Morris Farm Trust directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Morris Farm Trust
Morris Farm Trust (EIN: 10494687) is a nonprofit organization based in Wiscasset, ME, classified under NTEE code B99. The organization reported total revenue of $148K and total assets of $353K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morris Farm Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morris Farm Trust is a small nonprofit that has been operating for 31 years, with 12 years of IRS 990 filings on record (2010–2021). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $133K |
| Total Expenses | $159K |
| Surplus / Deficit | $-26,821 |
| Total Assets | $353K |
| Total Liabilities | $77K |
| Net Assets | $276K |
| Operating Margin | -20.2% |
| Debt-to-Asset Ratio | 22.0% |
| Months of Reserves | 26.6 months |
Financial Health Grade: B
In 2021, Morris Farm Trust reported a deficit of $27K with expenses exceeding revenue, holds 26.6 months of operating reserves (strong position), has a debt-to-asset ratio of 22.0% (moderate leverage).
Financial Trends
Over 12 years of filings (2010–2021), Morris Farm Trust's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +146.8% | +40.3% | -7.3% |
| 2020 | -59.3% | -16.2% | -14.8% |
| 2019 | +30.9% | +15.5% | -1.1% |
| 2018 | -14.3% | -9.3% | -2.7% |
| 2017 | +101.7% | +64.4% | +0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1995 |
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 Morris Farm Trust with a Mission Score of 75 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, Morris Farm Trust 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $27K, with expenses exceeding revenue.
- Debt-to-asset ratio: 22.0%.
Executive Compensation Analysis
Morris Farm Trust consistently reports 0% officer compensation across all available filings, indicating a volunteer-led leadership structure or that executive roles are unpaid, which significantly reduces administrative overhead.
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 Morris Farm Trust's IRS 990 filings:
- Recurring operational deficits (e.g., 2021 expenses $159,456 vs. revenue $132,635)
- Declining asset base over the past decade (from $519,757 in 2012 to $352,987 in 2021)
Strengths
The following positive indicators were identified for Morris Farm Trust:
- Zero officer compensation reported across all filings, indicating low administrative overhead
- Long history of IRS 990 filings (12 filings), demonstrating transparency and consistent operation
- Relatively stable liabilities despite revenue fluctuations
Frequently Asked Questions about Morris Farm Trust
Is Morris Farm Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Morris Farm Trust (EIN: 10494687) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Morris Farm Trust spend its money?
Morris Farm Trust directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Morris Farm Trust tax-deductible?
Morris Farm Trust is registered as a tax-exempt nonprofit (EIN: 10494687). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Morris Farm Trust's spending goes to programs?
Morris Farm Trust directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Morris Farm Trust compare to similar nonprofits?
With a transparency score of 75/100 (Good), Morris Farm Trust is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Morris Farm Trust located?
Morris Farm Trust is headquartered in Wiscasset, Maine and files with the IRS under EIN 10494687. It is classified under NTEE code B99.
How many years of IRS 990 filings does Morris Farm Trust have?
Morris Farm Trust has 12 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 $148K in total revenue.
Is Morris Farm Trust financially sustainable given its recurring deficits?
The organization has frequently reported expenses exceeding revenue (e.g., $159,456 expenses vs. $132,635 revenue in 2021), suggesting a reliance on accumulated assets or future fundraising to cover operational costs. While assets have decreased from $519,757 in 2012 to $352,987 in 2021, the organization has maintained operations, indicating some level of sustainability, possibly through reserves or consistent, albeit fluctuating, donor support.
How does the lack of officer compensation impact the organization?
The consistent reporting of 0% officer compensation across all filings is a strong indicator of a volunteer-driven leadership. This significantly reduces administrative expenses, allowing more funds to potentially be directed towards programs, but it could also imply challenges in attracting full-time professional leadership if needed for growth.
What is the trend in Morris Farm Trust's asset base?
Morris Farm Trust's assets have shown a declining trend over the past decade, from $519,757 in 2012 to $352,987 in 2021. This reduction could be due to the organization drawing down reserves to cover operational deficits or asset depreciation.
Filing History
IRS 990 filing history for Morris Farm Trust showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2010–2021), Morris Farm Trust's revenue has grown by 115.5%, moving from $62K to $133K. Total assets decreased by 32.4% over the same period, from $523K to $353K. Total functional expenses rose by 138%, from $67K to $159K. In its most recent filing year (2021), Morris Farm Trust reported a deficit of $27K, with expenses exceeding revenue. The organization holds $77K in liabilities against $353K in assets (debt-to-asset ratio: 22.0%), resulting in net assets of $276K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $133K | $159K | $353K | $77K | — | View 990 |
| 2020 | $54K | $114K | $381K | $79K | — | — |
| 2019 | $132K | $136K | $447K | $85K | — | View 990 |
| 2018 | $101K | $117K | $452K | $86K | — | View 990 |
| 2017 | $118K | $129K | $465K | $82K | — | View 990 |
| 2016 | $58K | $79K | $463K | $69K | — | View 990 |
| 2015 | $98K | $79K | $508K | $80K | — | View 990 |
| 2014 | $53K | $99K | $505K | $95K | — | View 990 |
| 2013 | $71K | $91K | $498K | $43K | — | View 990 |
| 2012 | $102K | $91K | $520K | $44K | — | View 990 |
| 2011 | $56K | $73K | $507K | $42K | — | View 990 |
| 2010 | $62K | $67K | $523K | $40K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $133K, expenses of $159K, and assets of $353K (revenue +146.8% year-over-year).
- 2020: Revenue of $54K, expenses of $114K, and assets of $381K (revenue -59.3% year-over-year).
- 2019: Revenue of $132K, expenses of $136K, and assets of $447K (revenue +30.9% year-over-year).
- 2018: Revenue of $101K, expenses of $117K, and assets of $452K (revenue -14.3% year-over-year).
- 2017: Revenue of $118K, expenses of $129K, and assets of $465K (revenue +101.7% year-over-year).
- 2016: Revenue of $58K, expenses of $79K, and assets of $463K (revenue -40.2% year-over-year).
- 2015: Revenue of $98K, expenses of $79K, and assets of $508K (revenue +83.5% year-over-year).
- 2014: Revenue of $53K, expenses of $99K, and assets of $505K (revenue -24.7% year-over-year).
- 2013: Revenue of $71K, expenses of $91K, and assets of $498K (revenue -30.5% year-over-year).
- 2012: Revenue of $102K, expenses of $91K, and assets of $520K (revenue +82.7% year-over-year).
- 2011: Revenue of $56K, expenses of $73K, and assets of $507K (revenue -9.5% year-over-year).
- 2010: Revenue of $62K, expenses of $67K, and assets of $523K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morris Farm Trust:
Data Sources and Methodology
This transparency report for Morris Farm Trust 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.