Morton Foundation
Morton Foundation faces severe financial decline with minimal revenue and shrinking assets.
EIN: 205940440 · Shapleigh, ME · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2K |
| Total Expenses | $3K |
| Program Spending | 70% |
| Net Assets | $43K |
| Transparency Score | 20/100 |
Is Morton Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Morton Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Morton Foundation
Morton Foundation (EIN: 205940440) is a nonprofit organization based in Shapleigh, ME, classified under NTEE code T22. The organization reported total revenue of $2K and total assets of $43K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morton Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morton Foundation is a micro nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -25.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $3K |
| Surplus / Deficit | $-1,367 |
| Total Assets | $43K |
| Total Liabilities | $1 |
| Net Assets | $43K |
| Operating Margin | -76.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 161.4 months |
Financial Health Grade: B
In 2023, Morton Foundation reported a deficit of $1K with expenses exceeding revenue, holds 161.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Morton Foundation's revenue has declined at a compound annual growth rate (CAGR) of -25.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1045.9% | -42.4% | +31.8% |
| 2021 | -551.6% | +108.5% | -50.0% |
| 2020 | +75.5% | -84.0% | -1.5% |
| 2019 | -88.9% | -27.2% | -22.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Morton Foundation with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Morton Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating a volunteer-led organization, which is commendable for minimizing overhead but does not mitigate the overall financial struggles.
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 Morton Foundation's IRS 990 filings:
- Consistent negative net income (expenses exceeding revenue) in recent years (e.g., 2023, 2022, 2021).
- Significant and continuous decline in total assets over the past decade (from $134,286 in 2011 to $42,576 in 2023).
- Extremely low revenue figures in recent years (e.g., $1,799 in 2023, $157 in 2022), indicating minimal operational scale or donor support.
- Reported negative revenue in 2021 ($-28,427), which is an unusual and concerning financial event.
- Lack of detailed expense breakdown in the provided data makes it difficult to assess program efficiency accurately.
Strengths
The following positive indicators were identified for Morton Foundation:
- Consistent reporting of 0% officer compensation, suggesting a volunteer-driven model and minimal administrative salary overhead.
Frequently Asked Questions about Morton Foundation
Is Morton Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Morton Foundation (EIN: 205940440) significant concerns. Mission Score: 20/100. 5 red flags identified, 1 strength noted.
How does Morton Foundation spend its money?
Morton Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Morton Foundation tax-deductible?
Morton Foundation is registered as a tax-exempt nonprofit (EIN: 205940440). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Morton Foundation's spending goes to programs?
Morton Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Morton Foundation compare to similar nonprofits?
With a transparency score of 20/100 (Poor), Morton Foundation is below average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Morton Foundation located?
Morton Foundation is headquartered in Shapleigh, Maine and files with the IRS under EIN 205940440. It is classified under NTEE code T22.
How many years of IRS 990 filings does Morton Foundation have?
Morton Foundation has 10 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 $2K in total revenue.
Is Morton Foundation a good charity?
Based on the provided financial data, the Morton Foundation is experiencing severe financial difficulties, with revenues consistently below expenses in recent years and a significant decline in assets. Its ability to effectively pursue its mission given its current financial state is highly questionable.
What caused the significant decline in assets from $134,286 in 2011 to $42,576 in 2023?
The decline in assets is primarily due to the organization consistently spending more than it generates in revenue, drawing down its reserves over time. For example, in 2023, expenses ($3,166) exceeded revenue ($1,799), and similar patterns are seen in 2022 and 2021.
What is the nature of the negative revenue reported in 2021 ($-28,427)?
Negative revenue can occur due to significant returns of contributions, investment losses, or accounting adjustments. Without more detailed financial statements, the exact cause for Morton Foundation's negative revenue in 2021 cannot be determined from the summary data.
How does the organization sustain itself with such low revenue figures?
The organization appears to be sustaining itself by drawing down its existing assets, as evidenced by the consistent decline in its asset base. This is not a sustainable long-term strategy without a significant increase in revenue.
Filing History
IRS 990 filing history for Morton Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Morton Foundation's revenue has declined by 97.3%, moving from $66K to $2K. Total assets decreased by 68.3% over the same period, from $134K to $43K. Total functional expenses fell by 80%, from $16K to $3K. In its most recent filing year (2023), Morton Foundation reported a deficit of $1K, with expenses exceeding revenue. The organization holds $1 in liabilities against $43K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $43K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2K | $3K | $43K | $1 | — | — |
| 2022 | $157 | $6K | $32K | $1 | — | View 990 |
| 2021 | $-28,427 | $4K | $54K | $1 | — | — |
| 2020 | $6K | $2K | $108K | $1 | — | View 990 |
| 2019 | $4K | $11K | $109K | $0 | — | View 990 |
| 2015 | $32K | $15K | $141K | $1 | — | View 990 |
| 2014 | $25K | $22K | $123K | $1 | — | View 990 |
| 2013 | $688 | $12K | $121K | $1 | — | View 990 |
| 2012 | $12K | $13K | $132K | $0 | — | View 990 |
| 2011 | $66K | $16K | $134K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2K, expenses of $3K, and assets of $43K (revenue +1045.9% year-over-year).
- 2022: Revenue of $157, expenses of $6K, and assets of $32K.
- 2021: Revenue of $-28,427, expenses of $4K, and assets of $54K (revenue -551.6% year-over-year).
- 2020: Revenue of $6K, expenses of $2K, and assets of $108K (revenue +75.5% year-over-year).
- 2019: Revenue of $4K, expenses of $11K, and assets of $109K (revenue -88.9% year-over-year).
- 2015: Revenue of $32K, expenses of $15K, and assets of $141K (revenue +28.4% year-over-year).
- 2014: Revenue of $25K, expenses of $22K, and assets of $123K (revenue +3560.6% year-over-year).
- 2013: Revenue of $688, expenses of $12K, and assets of $121K (revenue -94.4% year-over-year).
- 2012: Revenue of $12K, expenses of $13K, and assets of $132K (revenue -81.5% year-over-year).
- 2011: Revenue of $66K, expenses of $16K, and assets of $134K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morton Foundation:
Data Sources and Methodology
This transparency report for Morton 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.