Freeman & Norma Morgan Scholarship Fund
Only null% goes to programs Strong reserves Declining revenue
Freeman & Norma Morgan Scholarship Fund is a 501(c)(3) organization based in Sparks, Nevada, registered in 2009, with $6,963 in FY2023 revenue. CharityIndex grades it F.
275 Neighborhood Way Unit 102, Sparks, NV, 89441 EIN 26-4639594 Since 2009
Revenue (FY2023)
$6,963
▲ 31.5% vs prior year
Education median: $200K
Expenses (FY2023)
$18K
Net assets
$213K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Freeman & Norma Morgan Scholarship Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating143 mo reserves · -158% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Freeman & Norma Morgan Scholarship Fund: 143 mo reserves · -158% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Freeman & Norma Morgan Scholarship Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Freeman & Norma Morgan Scholarship Fund: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 275 Neighborhood Way Unit 102, Sparks, NV, 89441
- City
- Sparks
- State
- Nevada
- Category
- Education
- Subcategory
- Student Services & Aid
Financial trends
Revenue declined from $14K (FY2013) to $6,963 (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $213K
Operating margin
-157.7%
Spent more than it raised in the latest fiscal year.
Total assets
$213K
Total liabilities
$0
Net assets
$213K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $6,963▲31.5% | $17,946▲38.4% | $213,162▼4.9% | $213,162▼4.9% | 990PF |
| 2022 | $5,294▼84.3% | $12,969▼30.0% | $224,145▼3.3% | $224,145▼3.3% | 990PF |
| 2021 | $33,627▲244% | $18,534▼10.1% | $231,820▲7.0% | $231,820▲7.0% | 990PF |
| 2020 | $9,769▼77.0% | $20,608▲22.2% | $216,727▼4.8% | $216,727▼4.8% | 990PF |
| 2019 | $42,471▲311% | $16,867▼1.9% | $227,566▲12.7% | $227,566▲12.7% | 990PF |
| 2018 | $10,331▲90.6% | $17,200▲9.3% | $201,962▼3.3% | $201,962▼3.3% | 990PF |
| 2017 | $5,419▲171% | $15,739▼0.3% | $208,831▼4.7% | $208,831▼4.7% | 990PF |
| 2016 | -$7,617▼155% | $15,788▲0.7% | $219,151▼9.6% | $219,151▼9.6% | 990PF |
| 2015 | $13,954▲4.9% | $15,672▲6.2% | $242,556▼0.7% | $242,556▼0.7% | 990PF |
| 2014 | $13,297▼7.5% | $14,752▼5.2% | $244,274▼0.6% | $244,274▼0.6% | 990PF |
| 2013 | $14,372 | $15,561▲15.9% | $245,729▼0.5% | $245,729▼0.5% | 990PF |
| 2012 | — | $13,421▲80.6% | $247,042▼0.9% | $247,042▼0.9% | 990PF |
| 2011 | — | $7,430▲22.1% | $249,169▲0.5% | $249,169▲0.5% | 990PF |
| 2010 | — | $6,084 | $248,007 | $248,007 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Freeman & Norma Morgan Scholarship Fund a legitimate nonprofit?
- Yes. Freeman & Norma Morgan Scholarship Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 26-4639594, based in Sparks, Nevada. Donations are tax-deductible.
- What is Freeman & Norma Morgan Scholarship Fund's EIN?
- Freeman & Norma Morgan Scholarship Fund's Employer Identification Number (EIN) is 26-4639594.
- How much revenue does Freeman & Norma Morgan Scholarship Fund report?
- Freeman & Norma Morgan Scholarship Fund reported $6,963 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Freeman & Norma Morgan Scholarship Fund have?
- CharityIndex grades Freeman & Norma Morgan Scholarship Fund F, based on financial health (reserves and operating margin).
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Data for Freeman & Norma Morgan Scholarship Fund (EIN 26-4639594) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.