Morgan State University Foundation Incorporated
95% goes to programs $0 to raise $100 Strong reserves Declining revenue
Morgan State University Foundation Incorporated is a 501(c)(3) organization based in Baltimore, Maryland, registered in 1970, with $27,315,469 in FY2023 revenue. CharityIndex grades it A, and it directs about 95% of spending to programs.
1700 E Cold Spring Ln Bssc Rm 311, Baltimore, MD, 21251 EIN 23-7089143 Since 1970
Revenue (FY2023)
$27.3M
▼ 3.3% vs prior year
Education median: $200K
Expenses (FY2023)
$16.1M
Net assets
$165.0M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating95% to programs · $0 to raise $100
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. For Morgan State University Foundation Incorporated: 95% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating123 mo reserves · +41% 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 Morgan State University Foundation Incorporated: 123 mo reserves · +41% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
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. For Morgan State University Foundation Incorporated: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Morgan State University Foundation Incorporated: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To promote the growth, progress and general welfare of morgan state university
Contact & location
- Address
- 1700 E Cold Spring Ln Bssc Rm 311, Baltimore, MD, 21251
- City
- Baltimore
- State
- Maryland
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $6.6M (FY2015) to $27.3M (FY2023) across 8 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $671KNet assets $165.0M
Operating margin
41.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$165.7M
Total liabilities
$671K
Net assets
$165.0M
Salaries & benefits
$0
0% of expenses
Board members
16
16 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $27,315,469▼3.3% | $16,102,308▲5.3% | $164,980,994▲7.3% | $165,651,590▲6.3% | 990 |
| 2022 | $28,239,330▲94.2% | $15,294,870▲43.9% | $153,740,368▲9.2% | $155,800,209▲10.3% | 990 |
| 2021 | $14,542,251▼84.3% | $10,625,542▲23.9% | $140,795,908▲2.9% | $141,263,372▲2.7% | 990 |
| 2020 | $92,877,429▲798% | $8,578,144▼16.9% | $136,879,199▲160% | $137,531,001▲161% | 990 |
| 2019 | $10,345,893▼40.7% | $10,325,318▲25.1% | $52,579,914 | $52,772,592▲0.1% | 990 |
| 2018 | $17,443,269▲50.9% | $8,252,487▲6.0% | $52,559,339▲21.2% | $52,733,231▲21.0% | 990 |
| 2017 | $11,561,924▲75.1% | $7,786,077▲50.6% | $43,368,557▲32.5% | $43,584,869▲30.7% | 990 |
| 2015 | $6,602,539 | $5,168,476 | $32,724,941 | $33,338,565 | 990 |
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.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Calvin H Baker | Trustee | 1 | — |
| Craig L Spencer | Treasurer | 5 | — |
| Cyril A Wallace | Trustee | 1 | — |
| David A Sheppard | Trustee | 1 | — |
| Dawn White | Trustee | 5 | — |
| Dr Geneva J Williams | Trustee | 1 | — |
| Forest T Harper Jr | Vice Chair | 5 | — |
| Joseph S Simms III | Chairman | 5 | — |
| Kevin L Hawkins | Trustee | 1 | — |
| Leverne Ab Wallace | Trustee | 1 | — |
| Lt Col Ret Michael L Bell | Trustee | 1 | — |
| Mervin A Bourne | Secretary | 1 | — |
| Nicholas Edwards | Trustee | 1 | — |
| Stanley W Tucker | Trustee | 1 | — |
| Trisch L Smith | Trustee | 1 | — |
| William A Sherman II | Trustee | 1 | — |
Grants received · $57.7M total
134 grants to Morgan State University Foundation Incorporated totaling $57.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
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Frequently asked questions
- Is Morgan State University Foundation Incorporated a legitimate nonprofit?
- Yes. Morgan State University Foundation Incorporated is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7089143, based in Baltimore, Maryland. Donations are tax-deductible.
- What is Morgan State University Foundation Incorporated's EIN?
- Morgan State University Foundation Incorporated's Employer Identification Number (EIN) is 23-7089143.
- How much revenue does Morgan State University Foundation Incorporated report?
- Morgan State University Foundation Incorporated reported $27,315,469 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Morgan State University Foundation Incorporated's spending goes to programs?
- Morgan State University Foundation Incorporated spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Morgan State University Foundation Incorporated have?
- CharityIndex grades Morgan State University Foundation Incorporated A, based on program efficiency and fundraising cost.
- How much does Morgan State University Foundation Incorporated's highest-paid employee make?
- The highest reported compensation on Morgan State University Foundation Incorporated's latest Form 990 is $0, paid to Calvin H Baker (Trustee).
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Explore more
Data for Morgan State University Foundation Incorporated (EIN 23-7089143) 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.