Morrisville College Foundation Inc
EIN: 510205028 · Morrisville, NY · NTEE: B42I
| Metric | Value |
|---|---|
| Total Revenue | $8.8M |
| Total Expenses | $4.7M |
| Net Assets | $1.6M |
Is Morrisville College Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Morrisville College Foundation Inc
Morrisville College Foundation Inc (EIN: 510205028) is a nonprofit organization based in Morrisville, NY, classified under NTEE code B42I. The organization reported total revenue of $8.8M and total assets of $24.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morrisville College Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morrisville College Foundation Inc is a mid-size nonprofit that has been operating for 50 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.1M |
| Total Expenses | $4.7M |
| Surplus / Deficit | +$1.3M |
| Total Assets | $24.2M |
| Total Liabilities | $22.6M |
| Net Assets | $1.6M |
| Operating Margin | 22.0% |
| Debt-to-Asset Ratio | 93.5% |
| Months of Reserves | 61.5 months |
Financial Health Grade: A
In 2023, Morrisville College Foundation Inc reported a surplus of $1.3M with revenue exceeding expenses, holds 61.5 months of operating reserves (strong position), has a debt-to-asset ratio of 93.5% (high leverage).
Financial Trends
Over 14 years of filings (2011–2023), Morrisville College Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.5% | -0.7% | +2.8% |
| 2022 | +9.9% | +18.5% | -3.6% |
| 2021 | +0.9% | -19.6% | +1.4% |
| 2020 | -9.5% | +8.9% | -3.8% |
| 2019 | +6.3% | +0.2% | -0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1976 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Morrisville College Foundation Inc 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 Morrisville College Foundation Inc 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 surplus of $1.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 93.5%.
Frequently Asked Questions about Morrisville College Foundation Inc
Is Morrisville College Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Morrisville College Foundation Inc (EIN: 510205028) insufficient data. 0 red flags identified, 0 strengths noted.
How does Morrisville College Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Morrisville College Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Morrisville College Foundation Inc tax-deductible?
Morrisville College Foundation Inc is registered as a tax-exempt nonprofit (EIN: 510205028). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Morrisville College Foundation Inc located?
Morrisville College Foundation Inc is headquartered in Morrisville, New York and files with the IRS under EIN 510205028. It is classified under NTEE code B42I.
How many years of IRS 990 filings does Morrisville College Foundation Inc have?
Morrisville College Foundation Inc has 14 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 $8.8M in total revenue.
Filing History
IRS 990 filing history for Morrisville College Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Morrisville College Foundation Inc's revenue has declined by 36.2%, moving from $9.5M to $6.1M. Total assets decreased by 40.4% over the same period, from $40.6M to $24.2M. Total functional expenses fell by 34.1%, from $7.2M to $4.7M. In its most recent filing year (2023), Morrisville College Foundation Inc reported a surplus of $1.3M, with revenue exceeding expenses. The organization holds $22.6M in liabilities against $24.2M in assets (debt-to-asset ratio: 93.5%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.1M | $4.7M | $24.2M | $22.6M | — | View 990 |
| 2022 | $5.4M | $4.8M | $23.5M | $23.6M | — | View 990 |
| 2021 | $4.9M | $4.0M | $24.4M | $23.1M | — | View 990 |
| 2020 | $4.9M | $5.0M | $24.1M | $24.4M | — | View 990 |
| 2019 | $5.4M | $4.6M | $25.0M | $25.4M | — | View 990 |
| 2018 | $5.1M | $4.6M | $25.1M | $26.4M | — | View 990 |
| 2017 | $2.6M | $3.4M | $24.7M | $26.6M | — | View 990 |
| 2016 | $5.9M | $9.2M | $36.5M | $29.3M | — | View 990 |
| 2015 | $6.5M | $6.5M | $39.8M | $29.2M | — | View 990 |
| 2014 | $6.1M | $6.8M | $40.7M | $30.0M | — | View 990 |
| 2013 | $7.8M | $7.8M | $41.9M | $30.4M | — | View 990 |
| 2012 | $1.7M | $2.3M | $42.5M | $30.7M | — | View 990 |
| 2012 | $11.9M | $7.1M | $44.6M | $32.1M | — | View 990 |
| 2011 | $9.5M | $7.2M | $40.6M | $33.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.1M, expenses of $4.7M, and assets of $24.2M (revenue +11.5% year-over-year).
- 2022: Revenue of $5.4M, expenses of $4.8M, and assets of $23.5M (revenue +9.9% year-over-year).
- 2021: Revenue of $4.9M, expenses of $4.0M, and assets of $24.4M (revenue +0.9% year-over-year).
- 2020: Revenue of $4.9M, expenses of $5.0M, and assets of $24.1M (revenue -9.5% year-over-year).
- 2019: Revenue of $5.4M, expenses of $4.6M, and assets of $25.0M (revenue +6.3% year-over-year).
- 2018: Revenue of $5.1M, expenses of $4.6M, and assets of $25.1M (revenue +95.1% year-over-year).
- 2017: Revenue of $2.6M, expenses of $3.4M, and assets of $24.7M (revenue -55.9% year-over-year).
- 2016: Revenue of $5.9M, expenses of $9.2M, and assets of $36.5M (revenue -8.8% year-over-year).
- 2015: Revenue of $6.5M, expenses of $6.5M, and assets of $39.8M (revenue +6.9% year-over-year).
- 2014: Revenue of $6.1M, expenses of $6.8M, and assets of $40.7M (revenue -21.8% year-over-year).
- 2013: Revenue of $7.8M, expenses of $7.8M, and assets of $41.9M (revenue +359.7% year-over-year).
- 2012: Revenue of $1.7M, expenses of $2.3M, and assets of $42.5M (revenue -85.8% year-over-year).
- 2012: Revenue of $11.9M, expenses of $7.1M, and assets of $44.6M (revenue +25.7% year-over-year).
- 2011: Revenue of $9.5M, expenses of $7.2M, and assets of $40.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morrisville College Foundation Inc:
Data Sources and Methodology
This transparency report for Morrisville College 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.