Morton Community Foundation
EIN: 371397503 · Morton, IL · NTEE: T31
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $1.3M |
| Net Assets | $12.2M |
Is Morton Community Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Morton Community Foundation
Morton Community Foundation (EIN: 371397503) is a nonprofit organization based in Morton, IL, classified under NTEE code T31. The organization reported total revenue of $2.1M and total assets of $15.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morton Community Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morton Community Foundation is a mid-size nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$1.4M |
| Total Assets | $13.2M |
| Total Liabilities | $996K |
| Net Assets | $12.2M |
| Operating Margin | 52.9% |
| Debt-to-Asset Ratio | 7.6% |
| Months of Reserves | 123.4 months |
Financial Health Grade: A
In 2023, Morton Community Foundation reported a surplus of $1.4M with revenue exceeding expenses, holds 123.4 months of operating reserves (strong position), has a debt-to-asset ratio of 7.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Morton Community Foundation's revenue has grown at a compound annual growth rate (CAGR) of 15.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.7% | +81.1% | +17.2% |
| 2022 | +176.8% | +2.8% | +22.3% |
| 2021 | -8.9% | +21.9% | +28.5% |
| 2020 | +127.3% | -8.4% | +17.1% |
| 2019 | -60.0% | +7.4% | +2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Morton Community 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 Morton Community 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.6%.
Frequently Asked Questions about Morton Community Foundation
Is Morton Community Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Morton Community Foundation (EIN: 371397503) insufficient data. 0 red flags identified, 0 strengths noted.
How does Morton Community Foundation spend its money?
Detailed spending breakdown data is not yet available for Morton Community Foundation. Check back for updated IRS 990 analysis.
Are donations to Morton Community Foundation tax-deductible?
Morton Community Foundation is registered as a tax-exempt nonprofit (EIN: 371397503). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Morton Community Foundation located?
Morton Community Foundation is headquartered in Morton, Illinois and files with the IRS under EIN 371397503. It is classified under NTEE code T31.
How many years of IRS 990 filings does Morton Community Foundation have?
Morton Community Foundation has 13 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 $2.1M in total revenue.
Filing History
IRS 990 filing history for Morton Community Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Morton Community Foundation's revenue has grown by 448.9%, moving from $496K to $2.7M. Total assets increased by 631.6% over the same period, from $1.8M to $13.2M. Total functional expenses rose by 552.2%, from $197K to $1.3M. In its most recent filing year (2023), Morton Community Foundation reported a surplus of $1.4M, with revenue exceeding expenses. The organization holds $996K in liabilities against $13.2M in assets (debt-to-asset ratio: 7.6%), resulting in net assets of $12.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $1.3M | $13.2M | $996K | — | — |
| 2022 | $3.8M | $708K | $11.2M | $919K | — | View 990 |
| 2021 | $1.4M | $689K | $9.2M | $411K | — | View 990 |
| 2020 | $1.5M | $565K | $7.2M | $507K | — | View 990 |
| 2019 | $667K | $617K | $6.1M | $303K | — | View 990 |
| 2018 | $1.7M | $575K | $6.0M | $71K | — | View 990 |
| 2017 | $926K | $442K | $4.9M | $127K | — | View 990 |
| 2016 | $626K | $398K | $4.8M | $853K | — | View 990 |
| 2015 | $1.0M | $418K | $4.5M | $647K | — | View 990 |
| 2014 | $1.4M | $356K | $3.7M | $282K | — | View 990 |
| 2013 | $541K | $408K | $2.6M | $384K | — | View 990 |
| 2012 | $619K | $292K | $2.2M | $196K | — | View 990 |
| 2011 | $496K | $197K | $1.8M | $142K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $1.3M, and assets of $13.2M (revenue -28.7% year-over-year).
- 2022: Revenue of $3.8M, expenses of $708K, and assets of $11.2M (revenue +176.8% year-over-year).
- 2021: Revenue of $1.4M, expenses of $689K, and assets of $9.2M (revenue -8.9% year-over-year).
- 2020: Revenue of $1.5M, expenses of $565K, and assets of $7.2M (revenue +127.3% year-over-year).
- 2019: Revenue of $667K, expenses of $617K, and assets of $6.1M (revenue -60.0% year-over-year).
- 2018: Revenue of $1.7M, expenses of $575K, and assets of $6.0M (revenue +80.4% year-over-year).
- 2017: Revenue of $926K, expenses of $442K, and assets of $4.9M (revenue +47.8% year-over-year).
- 2016: Revenue of $626K, expenses of $398K, and assets of $4.8M (revenue -38.6% year-over-year).
- 2015: Revenue of $1.0M, expenses of $418K, and assets of $4.5M (revenue -27.8% year-over-year).
- 2014: Revenue of $1.4M, expenses of $356K, and assets of $3.7M (revenue +161.0% year-over-year).
- 2013: Revenue of $541K, expenses of $408K, and assets of $2.6M (revenue -12.5% year-over-year).
- 2012: Revenue of $619K, expenses of $292K, and assets of $2.2M (revenue +24.7% year-over-year).
- 2011: Revenue of $496K, expenses of $197K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morton Community Foundation:
Data Sources and Methodology
This transparency report for Morton Community 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.