Morrow Mader Foundation

Morrow Mader Foundation's assets have declined by over 50% in five years due to expenses consistently exceeding minimal revenue.

EIN: 200927260 · Dewees Island, SC · NTEE: T23 · Updated: 2026-03-28

$10Revenue

$61KAssets

65/100Mission Score (Good)

T23

About Morrow Mader Foundation

Morrow Mader Foundation (EIN: 200927260) is a nonprofit organization based in Dewees Island, SC, classified under NTEE code T23. The organization reported total revenue of $10 and total assets of $61K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morrow Mader Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Morrow Mader Foundation appears to be a very small private foundation, as indicated by its NTEE code T23. Its financial activity is minimal, with the latest reported revenue at just $10 and assets at $60,643. Over the past five years, revenue has consistently been very low, ranging from $10 to $535, while expenses have generally been higher than revenue, leading to a decline in assets from $128,275 in 2011 to $60,643 currently. This suggests the foundation is primarily drawing down its endowment rather than actively fundraising or generating significant income. The consistent reporting of 0% officer compensation across all filings indicates good transparency regarding executive pay and a likely volunteer-driven or very low-cost operational model. However, the lack of detailed expense breakdowns in the provided data makes it difficult to fully assess spending efficiency beyond the high-level observation that expenses frequently exceed revenue.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Morrow Mader Foundation with a Mission Score of 65 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: 75%
fundraising: 10%

According to IRS 990 filings, Morrow Mader Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that officers are likely unpaid volunteers or that any compensation is negligible, which is positive for a small organization.

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 Morrow Mader Foundation's IRS 990 filings:

Consistent decline in assets (from $128,275 in 2011 to $60,643 currently)
Expenses consistently exceed revenue, indicating a draw-down of assets
Extremely low reported revenue ($10 latest, max $535 in 5 years)

Strengths

The following positive indicators were identified for Morrow Mader Foundation:

No reported officer compensation (0% across all filings)
No reported liabilities across all filings
Consistent filing history demonstrates transparency

Frequently Asked Questions about Morrow Mader Foundation

Is Morrow Mader Foundation actively engaged in programmatic activities given its low revenue?

With revenue consistently below expenses and as low as $10, it's unlikely the foundation is funding significant new programmatic activities. It appears to be primarily disbursing existing assets.

Why are expenses consistently higher than revenue?

The consistent trend of expenses exceeding revenue suggests the foundation is spending down its principal assets rather than operating on generated income. This is common for some private foundations with a finite lifespan or specific disbursement goals.

What are the primary expenses for the Morrow Mader Foundation?

Without a detailed breakdown of expenses from the 990 filings, it's impossible to determine the primary expense categories. However, given the low revenue, expenses are likely administrative or related to minimal grant disbursements.

Filing History

IRS 990 filing history for Morrow Mader Foundation showing financial trends over 5 years of public records:

Over 5 years of IRS 990 filings (2011–2015), Morrow Mader Foundation's revenue has declined by 94.4%, moving from $535 to $30. Total assets decreased by 19.2% over the same period, from $128K to $104K. Total functional expenses fell by 28.1%, from $7K to $5K. In its most recent filing year (2015), Morrow Mader Foundation reported a deficit of $5K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2015	$30	$5K	$104K	$0	—	—
2014	$20	$16K	$109K	$0	—	—
2013	$24	$5K	$118K	$0	—	—
2012	$27	$5K	$123K	$0	—	—
2011	$535	$7K	$128K	$0	—	—

Year-by-Year Financial Summary

2015: Revenue of $30, expenses of $5K, and assets of $104K (revenue +50.0% year-over-year).
2014: Revenue of $20, expenses of $16K, and assets of $109K (revenue -16.7% year-over-year).
2013: Revenue of $24, expenses of $5K, and assets of $118K (revenue -11.1% year-over-year).
2012: Revenue of $27, expenses of $5K, and assets of $123K (revenue -95.0% year-over-year).
2011: Revenue of $535, expenses of $7K, and assets of $128K.

Data Sources and Methodology

This transparency report for Morrow Mader 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.