Michael B Morrow Foundation
Only null% goes to programs Strong reserves Growing revenue
Michael B Morrow Foundation is a 501(c)(3) organization based in Katy, Texas, registered in 1995, with $113,264 in FY2024 revenue. CharityIndex grades it C+.
4315 Maily Meadow Ln, Katy, TX, 77450 EIN 76-0454125 Since 1995
Revenue (FY2024)
$113K
▲ 101.9% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$90K
Net assets
$1.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—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 Michael B Morrow Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating190 mo reserves · +21% 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 Michael B Morrow Foundation: 190 mo reserves · +21% margin earns a B+ 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 Michael B Morrow Foundation— 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 Michael B Morrow Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 4315 Maily Meadow Ln, Katy, TX, 77450
- City
- Katy
- State
- Texas
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $1.4M (FY2013) to $113K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $1.4M
Operating margin
20.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.4M
Total liabilities
$0
Net assets
$1.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $113,264▲102% | $89,721▲4.5% | $1,423,524▲1.7% | $1,423,524▲1.7% | 990PF |
| 2023 | $56,091▲285% | $85,840▼3.4% | $1,399,981▼2.2% | $1,399,981▼2.2% | 990PF |
| 2022 | $14,586▼82.3% | $88,859▼12.5% | $1,431,655▼5.0% | $1,431,655▼5.0% | 990PF |
| 2021 | $82,587▼35.4% | $101,604▲4.2% | $1,506,774▼1.2% | $1,506,774▼1.2% | 990PF |
| 2020 | $127,809▲2195% | $97,512▲1.7% | $1,525,310▲1.9% | $1,525,310▲1.9% | 990PF |
| 2019 | $5,569▼85.2% | $95,852▼0.9% | $1,496,441▼5.4% | $1,496,441▼5.4% | 990PF |
| 2018 | $37,580▼50.8% | $96,679▼1.0% | $1,582,103▼3.1% | $1,582,103▼3.1% | 990PF |
| 2017 | $76,317▼46.3% | $97,703▼11.4% | $1,632,393▼1.2% | $1,632,393▼1.2% | 990PF |
| 2016 | $142,065▲307% | $110,236▼12.4% | $1,651,853▲2.0% | $1,651,853▲2.0% | 990PF |
| 2015 | -$68,620▼141% | $125,860▲86.3% | $1,620,024▼10.8% | $1,620,024▼10.9% | 990PF |
| 2014 | $166,786▼88.0% | $67,550▲226% | $1,816,658▲6.5% | $1,818,658▲6.5% | 990PF |
| 2013 | $1,390,354 | $20,706▲14.9% | $1,706,225▲406% | $1,707,475▲406% | 990PF |
| 2012 | — | $18,020 | $337,365 | $337,365 | 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 Michael B Morrow Foundation a legitimate nonprofit?
- Yes. Michael B Morrow Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 76-0454125, based in Katy, Texas. Donations are tax-deductible.
- What is Michael B Morrow Foundation's EIN?
- Michael B Morrow Foundation's Employer Identification Number (EIN) is 76-0454125.
- How much revenue does Michael B Morrow Foundation report?
- Michael B Morrow Foundation reported $113,264 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Michael B Morrow Foundation have?
- CharityIndex grades Michael B Morrow Foundation C+, based on financial health (reserves and operating margin).
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Data for Michael B Morrow Foundation (EIN 76-0454125) 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.