Mortenson Family Foundation
EIN: 873181996 · Mt Pleasant, SC · NTEE: L11
About Mortenson Family Foundation
Mortenson Family Foundation (EIN: 873181996) is a nonprofit organization based in Mt Pleasant, SC, classified under NTEE code L11. The organization reported total revenue of $115K and total assets of $284K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mortenson Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Mortenson Family Foundation 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 Mortenson Family Foundation 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.
Filing History
IRS 990 filing history for Mortenson Family Foundation showing financial trends over 2 years of public records:
Total assets decreased by 9% over the same period, from $290K to $264K. Total functional expenses rose by 3.8%, from $37K to $39K. In its most recent filing year (2023), Mortenson Family Foundation reported a deficit of $26K, with expenses exceeding revenue. The organization holds $1 in liabilities against $264K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $264K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $13K | $39K | $264K | $1 | — | — |
| 2022 | $-23,795 | $37K | $290K | $1 | — | — |
Data Sources and Methodology
This transparency report for Mortenson Family 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.