Nel S Morrison Charitable Trust 1
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Nel S Morrison Charitable Trust 1 is a 501(c)(3) organization based in Louisville, Kentucky, registered in 2023, with $173,069 in FY2024 revenue. CharityIndex grades it C+.
10503 Timberwood Cir Ste 120, Louisville, KY, 40223 EIN 61-6150157 Since 2023
Revenue (FY2024)
$173K
▼ 30.4% vs prior year
Expenses (FY2024)
$58K
Net assets
$736K
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 Nel S Morrison Charitable Trust 1— 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 rating153 mo reserves · +67% 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 Nel S Morrison Charitable Trust 1: 153 mo reserves · +67% 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 Nel S Morrison Charitable Trust 1— 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 Nel S Morrison Charitable Trust 1: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 10503 Timberwood Cir Ste 120, Louisville, KY, 40223
- City
- Louisville
- State
- Kentucky
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $30K (FY2015) to $173K (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $736K
Operating margin
66.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$736K
Total liabilities
$0
Net assets
$736K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $173,069▼30.4% | $57,875▲14.6% | $735,878▲18.7% | $735,878▲18.7% | 990PF |
| 2023 | $248,524▲339% | $50,521▼16.1% | $619,825▲46.6% | $619,825▲46.6% | 990PF |
| 2022 | $56,671▼38.4% | $60,248▲22.4% | $422,702▼0.9% | $422,702▼0.9% | 990PF |
| 2021 | $92,069▲154% | $49,222▲8.9% | $426,437▲11.2% | $426,437▲11.2% | 990PF |
| 2020 | $36,280▲59.0% | $45,198▼4.5% | $383,568▼2.3% | $383,568▼2.3% | 990PF |
| 2019 | $22,819▼24.2% | $47,317▲1.4% | $392,485▲50.1% | $392,485▲50.1% | 990PF |
| 2015 | $30,095 | $46,642 | $261,432 | $261,432 | 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.
Frequently asked questions
- Is Nel S Morrison Charitable Trust 1 a legitimate nonprofit?
- Yes. Nel S Morrison Charitable Trust 1 is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 61-6150157, based in Louisville, Kentucky. Donations are tax-deductible.
- What is Nel S Morrison Charitable Trust 1's EIN?
- Nel S Morrison Charitable Trust 1's Employer Identification Number (EIN) is 61-6150157.
- How much revenue does Nel S Morrison Charitable Trust 1 report?
- Nel S Morrison Charitable Trust 1 reported $173,069 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Nel S Morrison Charitable Trust 1 have?
- CharityIndex grades Nel S Morrison Charitable Trust 1 C+, based on financial health (reserves and operating margin).
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Data for Nel S Morrison Charitable Trust 1 (EIN 61-6150157) 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.