Morrison-shearer Foundation is a 501(c)(3) organization based in Chicago, Illinois, registered in 1992, with -$499,893 in FY2023 revenue. CharityIndex grades it D.
Revenue (FY2023)
-$500K
▼ 321.2% vs prior year
Arts & Culture median: $159K
Expenses (FY2023)
$695K
Net assets
$4.5M
Employees
—
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 Morrison-shearer Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Morrison-shearer Foundation: 78 mo reserves · -239% margin earns a F on this criterion. See the exact thresholds →
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 Morrison-shearer Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Morrison-shearer Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $227K (FY2013) to -$500K (FY2023) across 8 reported years.
Financial snapshot
Operating margin
-239.0%
Spent more than it raised in the latest fiscal year.
Total assets
$4.5M
Total liabilities
$12
Net assets
$4.5M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | -$499,893▼321% | $694,933▲198% | $4,513,000▼15.0% | $4,513,012▼28.6% | 990PF |
| 2022 | $225,996▼41.3% | $233,331▼80.6% | $5,308,609▼17.7% | $6,318,874▼15.3% | 990PF |
| 2021 | $384,897▲410% | $1,199,762▲72.2% | $6,452,850▼7.7% | $7,463,772▲6.8% | 990PF |
| 2020 | $75,518▼47.9% | $696,640▲203% | $6,987,611▼3.6% | $6,987,611▼3.6% | 990PF |
| 2019 | $144,861▼23.5% | $229,970▲4.9% | $7,249,284▼0.2% | $7,249,284▼0.2% | 990PF |
| 2017 | $189,427▲3.9% | $219,162▲9.2% | $7,263,011▲7.5% | $7,263,011▲7.5% | 990PF |
| 2016 | $182,381▼19.7% | $200,608▲1.3% | $6,754,052▲6.0% | $6,754,052▲6.0% | 990PF |
| 2013 | $227,099 | $198,025 | $6,371,146 | $6,371,146 | 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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Data for Morrison-shearer Foundation (EIN 36-3783438) 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.